Fires within Venezuela’s heavily-fortified El Guri hydroelectric complex could have triggered the massive blackout that plunged the nation into darkness last week, according to an analysis of thermal conditions along Continue Reading
Venezuela’s worsening crisis, including power outages crippling its oil sector, present a likely “challenge” to the oil market, the International Energy Agency warned Friday. In its monthly oil market report, Continue Reading
The long-term viability of the U.S. shale boom is uncertain, but the world’s biggest oil companies are making big bets on its success as smaller firms struggle with debt and Continue Reading
Liquefied natural gas (LNG) producers must avoid becoming over-reliant on the strong Chinese demand growth seen in the past two years and should intensify efforts to broaden their marketsThe warnings Continue Reading
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year, prompting Continue Reading
U.S. manufacturing output declined for the second consecutive month in February, a fresh sign that a long-predicted slowdown is hitting the U.S. economy. Output at U.S. factories decreased 0.4% in Continue Reading
The Department of Energy has not forgotten about the plight of at-risk coal and nuclear plants, but suggested that states should craft their own programs as a workable federal solution Continue Reading
Toyota announced it will exceed its 2017 pledge to invest $10 billion in the US over five years with a new commitment to reach nearly $13 billion over the same Continue Reading
Exxon Mobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline Continue Reading
The U.S. dropped one oil rig this week. The U.S. rig count declined, albeit slightly, this week according to weekly data from Baker Hughes, a GE Company. The nation’s oil Continue Reading
