China Ups Fuel Export Quotas By 5%
China has issued a new batch of oil product export quotas and they are 5.3 percent higher than they were this time last year as the country’s refineries return to Continue Reading
China’s tough rhetoric leaves trade talks with U.S. in limbo
China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless Continue Reading
Pipeline shortage cost Canada’s energy sector $20.6 billion in 2018
With pipeline shortages driving down the price of Canadian oil, the losses for the energy sector – and for Canada’s economy – are staggering. Elmira Aliakbari According to a new Continue Reading
National Grid says no new NYC natgas customers without Williams pipeline
(Reuters) – National Grid Plc said on Friday it will not process new applications for natural gas service in its New York City and Long Island service area until Williams Continue Reading
U.S. Oil Rig Count Dips To 14-Month Low
The the number of active oil and gas rigs fell again in the United States this week according to Baker Hughes, after a string of losses in the weeks prior, Continue Reading
Who Is Winning The Offshore Solar Race?
Solar is one of the most forms of clean energy we have, in a time that emissions-free energy is more important than ever . If the global community has any Continue Reading
California Threatens Gasoline Car Ban
California might ban gasoline-powered cars if the federal government goes ahead with a plan to relax emission and fuel economy standards, Bloomberg reports , citing the chair of the California Continue Reading
Power industry observers differ about competitive advantages of solar, wind
Power industry observers differed Friday over new research concluding that solar power poses a bigger threat to wind generation development than other types of generation. Receive daily email alerts, subscriber Continue Reading
Exxon’s Permian Production to Yield $64B for New Mexico
ExxonMobil Corp.’s development of its Permian resources could yield $64B for the state of New Mexico, according to a study conducted for the company. ExxonMobil Corp.’s development of its Permian Continue Reading
US Has Net Loss of One Rig
The U.S. dropped three oil rigs and added two gas rigs for a net loss of one rig this week. The U.S. dropped three oil rigs and added two gas Continue Reading
Surge of New Permian Basin Oil to Feed Global Supply
Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Continue Reading
Midwest Flooding Exposes Another Oil Pipeline Risk — on Keystone XL’s Route
Standing on the banks of the Keya Paha River where it cuts through his farm, Bob Allpress points across a flat expanse of sand to where a critical shut-off valve Continue Reading
Exclusive: Kazakhstan to seek damages from Transneft for tainted oil loaded in Ust-Luga
Kazakh oil flowing via Russia to be loaded on tankers at the Baltic Sea port of Ust-Luga has been contaminated and Kazakhstan plans to seek compensation from Russian pipeline monopoly Continue Reading
Total Declares Force Majeure On German Refinery After Russian Oil Contamination
France’s Total has halted some of the units at its 230,000-bpd Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown via Continue Reading
Russia Finally Brings Oil Production Below OPEC+ Cap
A month before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in Continue Reading
Crude oil futures rise on geopolitical tensions, looks to OPEC meet
Crude oil futures were higher during mid-morning trade in Asia Friday amid ongoing supply-side uncertainties and geopolitical tensions, with market participants also looking out for headlines emerging from the OPEC/non-OPEC Continue Reading
Oil steady as Middle East tensions mounts, set for weekly gains
Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears Continue Reading
Oil prices rise more than 1% as Middle East conflict persists
Oil futures were up more than 1% on Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its Continue Reading
No, The Oil Glut Hasn’t Disappeared
Global oil demand may be a bit lower this year than previously thought, weighed down by weaker consumption rates in emerging markets. The International Energy Agency lowered its demand growth projection Continue Reading
BloombergNEF: electrics to take 57% of global passenger car sales, 81% of municipal bus sales by 2040
BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and Continue Reading
Peak Gasoline Vehicles Is Already Here
The internal combustion engine has already reached a peak in sales. That startling conclusion comes from a new report from Bloomberg New Energy Finance (BNEF). “Sales of internal combustion passenger Continue Reading
Iraq has contingency plans in case Iran gas imports halted: minister
Iraq has contingency plans for any stoppage of Iranian gas imports for its power grid but hopes no such disruption will take place, Oil Minister Thamer Ghadhban said on Thursday. Continue Reading
Saudi Aramco Bonds Slide After Record Debut
Saudi Arabia’s state oil giant drew record demand for its debut bond issue. A month on, the debt has hit a rough patch. Yields on the debt of Saudi Arabian Continue Reading
OPEC To Meet In Saudi Arabia To Discuss ‘Oil Supply Security’
As a panel of OPEC and Russian ministers is meeting this weekend in Saudi Arabian city of Jeddah to assess oil market conditions ahead of the full OPEC+ meeting in Continue Reading
Iraqi oil industry calm amidst U.S. warnings on Iran
Iraq’s oil operations remain stable in the face of rising tensions between Washington and Tehran, despite the U.S. State Department’s decision Wednesday to remove non-emergency personnel from Iraq. According to Continue Reading
Stalemate In Libya Could Cause Next Major Oil Supply Outage
The fighting in Libya has devolved into a protracted stalemate, which does not bode well for the country’s oil production. General Khalifa Haftar and his militia, the Libyan National Army Continue Reading
Saudi Coalition Targets Houthis In Yemen In Response To Oil Pipeline Attack
The Saudi-led coalition conducted air strikes on Yemen’s capital Sanaa on Thursday, targeting bases of the Iran-aligned Houthis after the Houthis claimed responsibility for the drone attacks on an oil Continue Reading
Iraq maintains OPEC cuts in April
Iraq continued to curtail its oil production in April to meet is OPEC obligations, focusing cuts mainly on state-operated fields in the south. The federal government and the autonomous Kurdistan Continue Reading
Nigeria: IOCs, Others Raise Alarm As Vandalism, Oil Theft Rise in Niger Delta
There are indications that Nigeria has lost significant oil as a result of increasing pipeline vandalism and oil theft in the Nigeria Delta. Investigation by Vanguardover the weekend showed that Continue Reading
This Fast Growing LNG Market Is Scrambling For New Supply
A senior Pakistani official said a few weeks ago that Qatar had emerged as the front runner for a long term liquefied natural gas (LNG) supply deal with the country. Continue Reading
None Of Venezuela’s Crude Oil Upgraders Are Processing Oil
Venezuela has stopped upgrading crude oil as PDVSA finds itself without buyers in the wake of US sanctions, according to sources who spoke to Reuters. Venezuela hasn’t shut down its Continue Reading
Venezuela wants Russia to help restructure its debt to other countries: RIA
Venezuela would like Moscow to help it restructure its external debt to other countries, Russia’s RIA news agency cited Venezuela’s ambassador in Geneva as saying on Friday. Asked whether sanctions-hit Continue Reading
Venezuela’s ad-hoc PDVSA board begins payment on Citgo-backed 2020 bond
Venezuela’s ad-hoc board of directors for state oil company PDVSA, appointed by opposition leader Juan Guaido, said on Thursday it has made an interest payment on its bond maturing in Continue Reading
China cancels U.S. pork import order as U.S.-China trade war drags on
CHICAGO (Reuters) – The same week U.S. President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 metric tonnes of U.S. pork – Continue Reading
U.S. LNG exporters face headwinds due to trade war with China
The U.S. trade war with China has dozens of developers of liquefied natural gas export terminals scrambling to find other buyers, now that the fastest-growing market for the fuel is Continue Reading
New York Ditches Gas Pipeline Proposal Despite Soaring Electricity Bills
In an unsurprising move, the New York state authorities rejected a proposal for a new natural gas pipeline that would have supplied 400 million cu ft of natural gas daily Continue Reading
Midwest flooding may affect utility coal shipments, stockpiles for months
Highlights Union Pacific, BNSF still shipped roughly 60% of demand in March Recovery to ‘pre-flood levels’ took place in April Utilities could feel the impact of flooding in the Midwestern Continue Reading
US oil and gas rig count falls by six on the week to 1,065: Platts Analytics
Houston — The US oil and natural gas rig count fell by six to 1,065 week on week Thursday, continuing a steady decrease that has been a trend for the Continue Reading
Expansion of Freeport LNG export terminal gets FERC’s nod
The Federal Energy Regulatory Commission continued advancing LNG projects May 16, granting approval to a fourth train at the Freeport LNG export terminal in Texas that would add up to Continue Reading
Howard Energy Completes Permian Growth Projects
San Antonio, TX-based Howard Energy has completed several midstream infrastructure projects in the Permian Basin’s Delaware Basin. Howard Energy Partners (HEP) has completed construction on its crude oil and natural Continue Reading
New York Rejects $1B Shale Gas Pipeline
New York denied a key permit for a $1 billion Williams Cos. shale gas pipeline, dealing a critical blow to a project that would shuttle fuel to customers in New Continue Reading
All Aboard the Electric Bus – Modern Public Transport Powered by Electricity is Coming Back
In 2011, the electric-vehicle manufacturer BYD Auto unveiled an early model of an electric bus at an industry conference in Belgium. The head of BYD in Europe, Isbrand Ho, later Continue Reading
US oil: Occidental’s $56bn gamble on finding value in shale
When Vicki Hollub stood up to speak at Occidental Petroleum’s annual meeting last Friday, she knew she was facing a skeptical audience. After three years as chief executive, she had Continue Reading
Meet America’s Newest $9 Trillion Climate Change Solution
Democratic Presidential hopeful and Washington Governor Jay Inslee unveiled a plan today for combating climate change through an oft-before cited transition away from fossil fuels and towards renewable energy. The Continue Reading
Bank Of Canada: Climate Change Among Top Vulnerabilities In Economy
For the first time, the Bank of Canada ranks climate change as a key weak spot in the Canadian financial system and economy, as a growing number of governments start Continue Reading
Surge of New Permian Basin Oil to Feed Global Supply
Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Continue Reading
Russian deputy PM says Transneft to compensate all parties for dirty oil damages
Russia’s Deputy Prime Minister Dmitry Kozak said on Thursday Russian oil pipeline monopoly Transneft would provide compensation to all parties that could prove real damages from contaminated oil. Russia halted Continue Reading
Exclusive: Kazakhstan to seek damages from Transneft for tainted oil loaded in Ust-Luga
Kazakh oil flowing via Russia to be loaded on tankers at the Baltic Sea port of Ust-Luga has been contaminated and Kazakhstan plans to seek compensation from Russian pipeline monopoly Continue Reading
BP faces investor push to beef up fight against climate change
BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry Continue Reading
Russia Hints At OPEC+ Deal Exit
OPEC’s key ally in all production cut agreements since 2017—Russia—appears to have somewhat reluctantly agreed to cut output in each of the OPEC/non-OPEC pacts over the past two years. Now Continue Reading