New Estimate for an Oil Leak: A Thousand Times Worse Than Rig Owner Says
A new federal study has found that an oil leak in the Gulf of Mexico that began 14 years ago has been releasing as much as 4,500 gallons a day, Continue Reading
President Inslee: An Oil Major’s Nightmare
A prominent Democratic presidential candidate laid out a plan that offers the most direct threat yet to the oil and gas industry, entitled “Freedom from Fossil Fuels.” Washington Governor Jay Continue Reading
BMW Group accelerating e-mobility expansion: 25 electrified models by 2023
The BMW Group is accelerating its electromobility expansion program, with the 25 electrified models to be introduced by 2023, two years earlier than the initial 2025 target. With flexible vehicle Continue Reading
Exclusive: Russia to pay Kazakhstan fixed rate for contaminated oil in crisis breakthrough
Russia has agreed to pay Kazakhstan a fixed per-barrel rate of compensation for tainted oil, industry sources said on Wednesday, a breakthrough in an oil contamination crisis that disrupted Russian Continue Reading
The heat wave is Europe’s new normal.
Thibault Camus/Associated Press Temperatures were set to soar across Europe beginning on Wednesday, with authorities from Paris to Warsaw issuing heat alerts, canceling events and bracing for potentially record heat Continue Reading
Crude oil futures lower on Russia’s comments, awaits G20 meet
Crude oil futures were lower during mid-morning trade in Asia Tuesday after Russia indicated some uncertainty around OPEC and its allies extending their production cut agreement, while market participant At Continue Reading
Oil prices in balance between demand worries, U.S.-Iran tensions
Oil prices hung in the balance on Tuesday as concerns over declining crude demand were offset by risks to supply linked to new U.S. sanctions on Iran. Benchmark Brent crude Continue Reading
Study forecasts even with modest warming, global energy demand to increase by mid-century
A new study published in Nature Communications by researchers from IIASA, Boston University, and the Ca’ Foscari University of Venice found that by mid-century, climate change will increase the demand Continue Reading
The LNG Shipping Market Is Set For A Bull Run
Both demand and supply of liquefied natural gas (LNG) are expected to grow in the foreseeable future as many emerging markets turn to cleaner-burning fuel in their energy mix and Continue Reading
The Big Unknown In OPEC’s New Deal
It’s too early to say if OPEC and its Russia-led non-OPEC allies will extend next week their pact to cut oil production through the end of the year, Russia’s Energy Continue Reading