China’s total investment in thermal power construction last year fell to its lowest level since 2004, according to data from an official industry group, as the country tried to restrict Continue Reading
Mr. Ross was speaking from the Paris Air Show, where aerospace executives are gathering amid concerns for an industry grappling with the fallout of the four-month grounding of Boeing Co’s Continue Reading
The factory output number, the weakest since 1992, follows disappointing trade data published this week showing exports nearly flat and imports falling 8.5% in May. Loan expansion in the period Continue Reading
A study by researchers at Tsinghua University in China has concluded that the overall impact of autonomous vehicle deployment on greenhouse gas emissions is not significant in the near-to mid-term. Continue Reading
There is a large and growing contingency of pundits, politicians, and constituents in the United States who believe that leaning in to nuclear power is the nation’s best bet at Continue Reading
Just three years ago it was the new hot spot in U.S. shale, the “Permian Jr.”, and the place where many pinned their hopes for the next oil boom. Now, Continue Reading
Alberta’s oil and gas industry has had a very, very rough year. With a major pipeline infrastructure deficit and major delays and setbacks for all new pipeline projects, with no Continue Reading
Tesla is well on its way to having a record sales quarter, and is currently delivering a thousand cars per day on average this month, Electrek reported on Friday, despite Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Monday as ongoing global trade and geopolitical tensions continued to provide support for prices. At 10:58 am Singapore time (0258 Continue Reading
The U.S. economy burned through an average of 20.46 million barrels of crude oil and related liquids each day last year, according to BP‘s latest annual Statistical Review of World Energy. Continue Reading
In Russia, oil stands for money and gas for power. The extensive pipeline infrastructure connecting gas fields in Siberia with consumers in primarily Europe has been the source of interdependency Continue Reading
It’s been well over a year since the then-United States Secretary of Defense Jim Mattis accused Russia and China of being “revisionist powers” each working its way toward making a Continue Reading
Russia’s Gazprom Neft expects lifting costs at Bazhenov formation, the world’s largest shale oil resource, to gradually fall and reach an acceptable level for viable production by 2022-2023, a top Continue Reading
OSLO (Reuters) – Equinor has drilled a dry well near its Korpfjell gas find in the Norwegian Arctic, the Norwegian Petroleum Directorate said on Monday, in an area near the Continue Reading
Much has been made of President Vladimir Putin’s recent claim that crude oil prices are acceptable at present levels, and the Russian economy could even weather $40 per barrel. Many Continue Reading
Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions, but prices remained on track Continue Reading
West Texas Intermediate (WTI) crude oil for July delivery finished higher Friday, gaining 23 cents to settle at $52.51 per barrel. Compared to the June 7 close, the WTI is Continue Reading
The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point Continue Reading
It’s been a wild week in oil & gas markets! To make sure you never miss a story, sign up to Global Energy Alert to receive breaking intelligence you simply Continue Reading
OPEC will have an uphill battle if it wants to keep oil markets balanced next year as a potentially tighter oil market in the second half of 2019 starts to Continue Reading
The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing Continue Reading
Growth in US oil production has kept prices at “reasonable levels” despite the recent oil tanker attacks near the Strait of Hormuz and other supply risks around the world, International Continue Reading
• Our 2018 oil demand growth estimate has been revised down by 70 kb/d to 1.2 mb/d and our 2019 forecast is reduced by 90 kb/d to 1.3 mb/d. Revisions Continue Reading
Risk levels associated with shipping crude oil and LNG via the Strait of Hormuz, the Middle East’s key shipping artery, have escalated sharply, inflating tanker costs in the region. US Continue Reading
The below charts, unless otherwise noted, were taken from the OPEC Monthly Oil Market Report . The data is through May, 2019 and is in thousand barrels per day. OPEC Continue Reading
The United States on Friday blamed Iran for attacks on two oil tankers at the entrance to the Gulf and said it was seeking international consensus about the threat to Continue Reading
The attacks, which the U.S. blamed on Iran but Tehran has denied, have exposed vulnerabilities in the vital trade route, the Saudi official said. Gulf states are struggling to mount Continue Reading
Europe and Russia on Friday urged caution over the explosions on two oil tankers in the Gulf of Oman as Donald Trump accused Iran of attacking the vessels, further heightening Continue Reading
The owner of a Japanese tanker attacked in the Gulf of Oman offered a different account Friday of the nature of the attack than that provided by the United States. Continue Reading
As tensions soared Friday between the United States and Iran, Iraqis weighed the prospect that their country would once again become a battleground for the two rivals. The recent military Continue Reading
PRESIDENT TRUMP has recklessly navigated himself into a corner in the Persian Gulf. Though he campaigned against Middle East wars and has repeatedly said he does not want one with Continue Reading
If Iran tried and closed the critical oil shipping lane in the Middle East, the Strait of Hormuz, “it’s not going to be closed for long,” U.S. President Donald Trump Continue Reading
Russia’s Lukoil has presided over a major discovery at Iraq’s exploration Block 10, raising new expectations of ultimately producing over 300,000 barrels per day (bpd) from the Eridu field. Preliminary Continue Reading
The factory output number, the weakest since 1992, follows disappointing trade data published this week showing exports nearly flat and imports falling 8.5% in May. Loan expansion in the period Continue Reading
Steffen Olsen, an Arctic researcher with the Danish Meteorological Institute, and dogs set out to retrieve oceanographic moorings and a weather station over meltwater topping sea ice in northwest Greenland Continue Reading
The national average for a gallon of regular unleaded was $2.70 on Friday, according to AAA. Two decades ago, the industrialized world would have shuddered at the image of oil Continue Reading
OPEC and non-OPEC producers should raise oil production starting from the second half of the year in order to keep the market balance and acceptable oil prices, Alexander Dyukov, the Continue Reading
Brent crude on Friday extended sharp gains from the previous day following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude flows of Continue Reading
Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world’s Continue Reading
The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing Continue Reading
After grappling with supply-side concerns in recent months, the oil market’s main focus is now “on oil demand as economic sentiment weakens,” the IEA said, citing the weakest global trade Continue Reading
OPEC has cut its forecast for growth in global oil demand due to trade disputes and pointed to the risk of a further reduction, building a case for prolonged supply Continue Reading
OPEC on Thursday said it faces a challenging second half of 2019, with demand-dampening trade disputes combining with expected robust non-OPEC supply growth to complicate the producer bloc’s oil market Continue Reading
OPEC and other producers including Russia are in final talks for an agreement, that may be signed in early July, to cooperate on oil supplies on a long-term basis, Japan’s Continue Reading
OPEC brought its oil production down to 29.876 million barrels per day in May according to the latest edition of OPEC’s Monthly Oil Market Report (MOMR) released on Thursday—a five-year Continue Reading
The Strait of Hormuz, sometimes described as the world’s most important oil chokepoint , is a gateway for almost a third of all crude oil and other petroleum products carried Continue Reading
An alleged attack Thursday on two oil tankers near the Strait of Hormuz may increase levels of risk in the Middle East’s key crude supply and shipping artery. The Front Altair Continue Reading
Iran said on Friday it was responsible for maintaining the security of the Strait of Hormuz in the Gulf, state radio reported, adding that blaming Tehran for attacks on two Continue Reading
An attack by an unknown party on two oil tankers in the Gulf of Oman has put the Arabian/Persian Gulf region on edge. After the possible Iranian attack on three vessels Continue Reading
FILE PHOTO: Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 7, 2019. REUTERS/Maxim Shemetov DUBAI (Reuters) – Saudi Arabia is Continue Reading
