Will The U.S Gas Glut Cap Oil Production?
A pipeline company is fighting the practice of flaring gas in Texas, threatening to slow the pace of oil production. Flaring gas has become an epidemic in Texas. Permian drillers Continue Reading
Russia’s Transneft signed off on alleged supplier of tainted oil: documents
A small oil transport firm accused of pumping toxic chemicals into Russia’s crude pipeline network that then polluted oil exports to Europe received daily documents from Russian state pipeline monopoly Continue Reading
Small Crude Draw Can’t Stop Oil From Plunging
The American Petroleum Institute (API) reported a small crude oil inventory draw of 1.401 million barrels for the week ending July 11, compared to analyst expectations of a 2.69-million barrel Continue Reading
Oil Plunges As Iran Conflict Cools
Oil prices sank on Tuesday after President Trump and U.S. Secretary of State Mike Pompeo struck a softer tone on Iran. The market acted swiftly, selling off crude oil. The Continue Reading
Oil prices regain little ground lost in previous session
Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting U.S. crude inventories fell less than expected. West Texas Intermediate crude futures Continue Reading
Oil falls as Iran tensions seen easing
Oil prices turned lower on Tuesday, falling by about $1 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Continue Reading
Hedge funds stick to the sidelines in oil: Kemp
Hedge funds and other money managers left their petroleum positions essentially unchanged last week as the poor outlook for consumption offset production concerns stemming from tensions in the Middle East. Continue Reading
Oil tankers risk becoming ‘stranded asset’ in climate push
The world’s oil tankers risk losing almost a third of their value should a shift away from fossil fuels gain momentum in the coming decades, a new report has warned. The Continue Reading
Is This Big Oil’s Next Secret Weapon?
Reducing global carbon emissions to net zero “is the only way to go,” Shell’s chief executive Ben van Beurden said earlier this month, in yet another reminder from a top Continue Reading
What’s Behind The Drop In Renewable Spending?
A marked decline in spending on renewable energy projects during the first half of the year has suggested that wind and solar have yet to become fully competitive with fossil Continue Reading