Expiring U.S. solar subsidy spurs rush for panels
America’s biggest solar power developers are stockpiling panels to lock in a 30% federal tax credit set to start phasing out next year, a strategy that could backfire if projects Continue Reading
‘Potentially deadly’ heat wave grips two-thirds of U.S., with dozens of records likely to fall
Forecast heat index in the eastern United States at 2 p.m. Saturday, from the NAM model. The hottest weather in years is stifling two-thirds of the United States, stretching from Continue Reading
U.S. Oil Rig Count Falls Amid Production Dip
The US oil and gas rig count fell by 4 this week, according to Baker Hughes, after a string of losses that have stripped away 36 rigs since the beginning Continue Reading
Trump Administration Announces Huge Gulf of Mexico Oil & Gas Lease Sale
The U.S. Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) announced Thursday that BOEM proposes to offer 77.8 million acres for a region-wide lease sale. Continue Reading
Analysis: Permian gas prices hit four-month high on rising demand
Highlights Waha weekly average at 97 cents, up from negative territory Texas, Southwest power burns hit annual highs in mid-July Denver — Permian Basin gas prices averaged their highest since Continue Reading
The Stars Are Finally Aligned for Clean and Limitless Fusion Energy Generators at Kronos Fusion
A California start-up has redesigned Fusion Energy by leveraging three major breakthroughs in Fusion Power and managed to cut costs by 20%. Kronos-Fusion at MathLabs Ventures has given investors, scientists Continue Reading
PES refinery outage adds to plight of homeless light sweet crude
A June 21 fire and explosion set to permanently close the biggest oil refinery on the U.S. East Coast has shaken markets as far away as the North Sea and Continue Reading
Crude oil futures up on mixed US stocks data, geopolitical tensions
Crude oil futures were stable to marginally higher during mid-morning trade in Asia Thursday, amid a mixed report on US inventory data and ongoing geopolitical tensions. At 10:20 am Singapore Continue Reading
Crude futures steady after fall on U.S. oil products stocks gain
Oil prices steadied on Thursday after falling in the previous session when official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the Continue Reading
Oil prices fall more than 1% after U.S. fuel inventories build
Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. Continue Reading
Clean Energy Is Doomed Without More R&D Spending
Late last year, a study by the Intergovernmental Panel on Climate Change (IPCC) looked into exactly how much it will take to meet the climate change goals set by the Continue Reading
From Iraq to Yemen, drones raise U.S. alarm over Iranian plans
The increased use of drones by Iran and its allies for surveillance and attacks across the Middle East is raising alarms in Washington. he United States believes that Iran-linked militia Continue Reading
OPEC’s Oil Giants Give Trading Houses A Run For Their Money
OPEC is currently restricting production to keep oil prices from tumbling in an oversupplied market fearful of faltering demand growth. But the national oil companies (NOCs) of the cartel’s largest Continue Reading
Iran’s Tactical Move To Skirt Sanctions
Facing vigorously enforced U.S. sanctions directed principally on oil, Iran is focussing on the less targeted strategic areas in its hydrocarbons business, notably continuing to develop its gas sector and Continue Reading
American firms tapped for Ratawi gas deal
An American consortium led by Honeywell is poised to win a major gas deal in Iraq, bolstered by U.S. government lobbying for projects that would reduce Iraqi dependence on Iranian Continue Reading
Oil Minister Says India Won’t Totally Ban Gasoline, Diesel Cars
India’s government doesn’t plan to completely ban diesel and gasoline vehicles because continuously rising fuel demand has to be met by a combination of fossil fuels, biofuels, and electric vehicles, Continue Reading
India’s Solution To A 100% Surge In Energy Demand
Nearly 75 percent of power in India is still generated from coal. While coal-fired power generation is still growing, ambitious clean energy policies and falling solar costs could soon stop Continue Reading
Cuban Power Outages May See End By Saturday
After days of radio silence, Cuban officials say that the massive blackouts throughout the country would end by Saturday, as another power crisis engulfed the ally of Venezuela’s Nicolas Maduro Continue Reading
Argentina’s shale oil production growth pushes up refinery run rates
Argentina’s surging shale oil production is feeding more supplies to the country’s refineries, helping to increase run rates, the Neuquen government said Wednesday. Refineries operated at an average of 78.3% Continue Reading
Pemex business plan does not change negative outlook: Moody’s analyst
Pemex has failed to convince ratings agency Moody’s Investor Services with its newly unveiled business plan, an analyst for the Mexican state oil company said on Wednesday, adding that the Continue Reading
China’s State-Driven Growth Model Is Running Out of Gas
Yet from a different perspective, it’s far less impressive. First, official statistics probably paint too flattering a picture. Per-capita income may be a quarter lower than reported, based on a Continue Reading
Oil service firms eye new survival tactics amid weak U.S. market
Packers Plus Energy Services, a company built on the North American shale oil boom, is turning to the Middle East to weather a new round of spending cuts by producers Continue Reading
U.S. crude oil stockpiles drop amid Barry, fuel posts large builds – EIA
U.S. crude oil stockpiles fell more than expected last week, while gasoline and distillate inventories rose sharply, the Energy Information Administration said on Wednesday, due to the impact of the Continue Reading
PES refinery expected to shut remaining units as crude supply dwindles: sources
The Philadelphia Energy Solutions refinery in Pennsylvania, the oldest and largest one on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses Continue Reading
US – update through March 2019
These interactive presentations contain the latest oil & gas production data from 111,702 horizontal wells in 12 US states, through March 2019. Cumulative oil and gas production from these wells Continue Reading
Widespread, oppressive and dangerous heat to roast much of the U.S. through the weekend
National Weather Service forecast for the maximum heat index on Saturday. (weatherbell.com) A heat wave featuring a life-threatening combination of heat and oppressive humidity has begun to spread across the Continue Reading
Deluged by Barry, Arkansas becomes fifth state to set tropical storm rainfall record in past two years
Rainfall estimates (from radar and gauges in Arkansas) over the past week. (National Weather Service) (This article was updated based on the new rainfall report from Dierks, Ark.) Louisiana grabbed Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending July 12, 2019 U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending July 12, 2019, Continue Reading
IEA: U.S. Will Be The World’s Top LNG Exporter In 2024
The United States will surpass current market leaders Australia and Qatar to become the world’s biggest liquefied natural gas (LNG) exporter in 2024, a high-ranking official at the International Energy Continue Reading
Canada LNG Facility Snags First Export Contract
The recently expanded Tilbury LNG terminal in Delta, B.C., has won its first export contract, facility owner FortisBC reported Tuesday. The recently expanded Tilbury LNG terminal in Delta, B.C., has Continue Reading
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
Exclusive: UAE plans oil trade overhaul to boost Middle Eastern clout
The United Arab Emirates’ state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks Continue Reading
Turkey Won’t Back Down From Cyprus Oil Drilling Despite EU Sanctions
The Turkish Foreign Affair Ministry on Tuesday rejected the notion of European Union sanctions on Turkey over its drilling for gas in disputed eastern Mediterranean waters, pledging instead to send Continue Reading
U.S. Intel: UAE Tanker Could Have Been Forced Into Iranian Waters
The U.S. intelligence increasingly believes that a United Arab Emirates (UAE) tanker may have been forced into Iranian waters by naval forces of Iran’s Islamic Revolutionary Guard Corps (IRGC), CNN Continue Reading
Iraqi production robust, despite OPEC deal
As OPEC members reaffirm a quota agreement, Iraq has posted two straight months of elevated production. Deputy Oil Minister Fayadh Nema (center left) and Basra Oil Company Director General Ihssan Continue Reading
Mexico Confirms Major Tax Cut For PEMEX
President Andrés Manuel López Obrador presented the Business Plan of Petróleos Mexicanos (Pemex) this morning for 2019-2023, stating that the Plan he is supporting he has acted in Pemex’s best Continue Reading
Tesla Claims Secret Project Has Fallen Into Chinese Rival’s Hands
Tesla and Apple both suspect that their self-driving car technology has been stolen by engineers who went over to a Chinese competitor. That’s a very time-sensitive claim, with intellectual property Continue Reading
War risk costs drag on UAE marine fuel sales, benefit Singapore: trade sources
Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates’ (UAE) Continue Reading
Two Chinese ports halt customs clearances for coal imports: sources
Chinese customs is no longer permitting coal cargoes to enter the country at the ports of Jingtang and Caofeidian, said three coal traders, who were told by customs officials of Continue Reading
Compliance with IMO 2020 likely around 90%-95% in initial years: consultant
Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% or 95% in the initial years after 2020, well above some industry estimates Continue Reading
Trump Warns Trade War Can Escalate
U.S. President Donald Trump has warned that the U.S.-China trade war can ratchet up further, if the United States wants. U.S. President Donald Trump has warned that the U.S.-China trade Continue Reading