Visible satellite loop over Invest 92L. (NASA) The National Hurricane Center is predicting the season’s first hurricane, to be named Barry, will develop over the Gulf of Mexico and strike Continue Reading
Despite the ongoing rush to build oil pipelines to carry crude from the Permian to the Gulf Coast and an overbuild in the short-term, the fastest-growing U.S. shale play will Continue Reading
Gas generation to replace most thermal coal capacity Capacity factors at remaining coal plants unlikely to increase Demand for US thermal coal will “erode significantly” between 2020 and 2030 as Continue Reading
US offshore drillers have shut-in 602,715 b/d of oil production, about 32% of the Gulf of Mexico’s total output, and 496 MMcf/d of natural gas output, or 18% of the Continue Reading
Alaska’s governor won a showdown on Wednesday with lawmakers trying to reverse his bid to slash spending on higher education by 40%, but opponents vowed to keep fighting the unprecedented Continue Reading
Russia’s second-largest oil producer, Lukoil, has fully restored the volume of its oil supplies to customers after a major contamination on the Druzhba oil pipeline disrupted Russian crude supply to Continue Reading
Far from the sunny, wide streets of Phoenix, where Waymo’s self-driving taxis ply their trade, a handful of European startups are developing driverless cars to navigate the clogged, chaotic, rain-swept Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Wednesday on the back of a larger-than-expected drop in US oil inventories reported by an industry group. At 10:55 am Continue Reading
Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Continue Reading
Oil futures rose on Tuesday as Middle East tensions and OPEC supply cuts kept global benchmark Brent crude above $64 a barrel, while gains were limited by the U.S.-China trade Continue Reading
