Crude oil futures were steady to slightly lower in mid-morning trade in Asia Tuesday amid expectations of a build in US product stocks data due for release in coming days. Continue Reading
US gasoline stocks likely added 3.7 million barrels last week Gasoline demand slows but stronger cracks incentivize production Brent climbs as Middle East tensions rise Refined product futures settled lower Continue Reading
Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle Continue Reading
Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. With the New Year already knocking at the door, long-suffering energy investors are looking to put another Continue Reading
At the beginning of each year, I make several predictions about the energy sector for the upcoming year. You can see those predictions and read the context at Energy Sector Continue Reading
Strange, is it not, that an agreement has suddenly been reached between Saudi Arabia and neighbouring Kuwait on the oil and gas fields that they share in the ‘Neutral Zone’ Continue Reading
Iraqi Prime Minister Adel Abdul Mahdi on Monday condemned U.S. airstrikes on bases of Iranian-backed Iraqi militia, a move that could plunge Iraq further into the heart of a proxy Continue Reading
Oil company ExxonMobil has expanded its upstream acreage in Egypt after it acquired two offshore blocks, boosting its footprint in the gas-rich Eastern Mediterranean basin. Receive daily email alerts, subscriber Continue Reading
Thousands of protesters and militia fighters gathered on Tuesday outside the main gate of the U.S. embassy compound in Baghdad to condemn air strikes on bases belonging to an Iranian-backed Continue Reading
The U.S. ambassador and other staff have been evacuated from the embassy in the Iraqi capital Baghdad as protests rage outside, two Iraqi Foreign Ministry officials told Reuters on Tuesday. Continue Reading
Associated Press Iraq has been caught for years in a tug of war between its two most powerful patrons, the United States and Iran. In recent months, public opinion began Continue Reading
The Iranian Offshore Oil Company (IOOC) is currently implementing US$2.6 billion worth of projects expected to boost Iran’s offshore oil production by 85,000 barrels per day (bpd), Iranian media reported Continue Reading
A project to double the Nassiriya field’s production capacity is tied to a federal budget likely strangled by political fighting. Flares burn at the Nassiriya oil field on May 7, Continue Reading
The White House’s trade adviser on Monday said the U.S.-China Phase 1 trade deal would likely be signed in the next week, but said confirmation would come from President Donald Continue Reading
China’s Ministry of Commerce is expected to award the independent refining sector with oil products export quotas next year as Beijing steps up efforts to support private companies to play Continue Reading
Thousands swarmed to beaches on Australia’s east coast on Tuesday to escape fierce wildfires bearing down on several seaside towns, as the government readied naval vessels and military helicopters to Continue Reading
The oil and gas industry seems to have entered a state of cognitive dissonance. Like never before, energy companies are publicly acknowledging the threat posed by climate change and the Continue Reading
The shale energy revolution was not a feat of Big Oil. Independent exploration and production companies run by little-known executives fracked their way to a stunning rise in US oil Continue Reading
Warren Buffett, probably the world’s most successful investor, a man noted for the conservatism of his investment policy and aversion to high tech, wants out of coal? Buffett’s Berkshire Hathaway Continue Reading
Two factors could directly affect the future level of US crude exports. Thanks to the shale oil revolution, for the first time since the 1940s, the United States exported more Continue Reading
Cavan Images, via Alamy Population growth in the United States crept along at its slowest pace in decades in 2019, stymied by a sharp decline in the number of new Continue Reading
Shale drilling does not produce as much oil and gas as the industry promised, raising questions about the productivity, profitability and, ultimately, the longevity of the fracking boom. The Wall Continue Reading
Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell’s subsidiary, BG US Production Company. Castleton Commodities International LLC’s subsidiary, Castleton Resources LLC (CR), has Continue Reading
Despite the newly announced U.S. sanctions against the Nord Stream 2 project, Russia says it will build and launch next year the natural gas pipeline that has divided Europe for Continue Reading
Germany is going forward with its plan to phase out nuclear reactors by 2022 as another nuclear power plant is going offline on December 31. Power company EnBW has said Continue Reading
Bank of England governor Mark Carney has reiterated his warnings over the risks of financial exposure to fossil fuels, saying pension funds were particularly vulnerable as oil, coal and gas Continue Reading
The largest party in Norway ’s parliament has delivered a significant blow to the country’s huge oil industry after withdrawing support for explorative drilling off the Lofoten islands in the Continue Reading
The authorities in Moscow had spent millions on Christmas trees, sparkling lights and other holiday decorations, but the festive mood was still missing something: Winter weather. As the warmest December Continue Reading
Öhringen lies deep in the automaking country, the homeland of Germany’s biggest industry and a source of national pride. And by most appearances, life is pretty good. The unemployment rate Continue Reading
Oil prices held on to three-month highs on Monday, underpinned by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Continue Reading
Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, Continue Reading
Approximately 40% of the world’s electricity is produced by burning coal. Coal is the world’s reliable energy foundation, and it’s expected to remain the leading fuel for power generation well Continue Reading
The Dhi Qar Oil Company (DQOC) on Saturday shut down the Nassiriya oil field as job-seekers crowded around the state-run company’s headquarters and its flagship asset — the latest instance Continue Reading
A top Iraqi militia leader warned of a strong response against U.S. forces in Iraq following air strikes in Iraq and Syria overnight that hit several bases of his Iranian-backed Continue Reading
The U.S. carried out airstrikes against an Iranian-backed Shiite militia group in Iraq and Syria, in the Trump administration’s most forceful response to Tehran’s assertive posture in the region. The Continue Reading
The United States military on Sunday struck five targets in Iraq and Syria controlled by an Iranian-backed paramilitary group, the Pentagon said, a reprisal for a rocket attack on Friday Continue Reading
The year that is drawing to its close has been turbulent for the Middle East. While oil prices stubbornly refused to respond to efforts to push them higher, remaining locked Continue Reading
Saudi Arabia’s breakeven oil price in 2020 is expected to be lower than $83.6/b to balance its budget, as the world’s biggest oil exporter signals an end to the expansionary Continue Reading
Highlights No impact on output, exports due to Nasiriyah shutdown OPEC’s second largest oil producer is flouting its quota Dubai — Iraq resumed on Monday production from the Nasiriyah southern Continue Reading
The partners in Nigeria LNG (NLNG)—Nigeria National Petroleum Corporation (NNPC) (49%), Shell (25.6%), Total (15%) and Eni (10.4%)— have taken the final investment decision (FID) for the expansion project of Continue Reading
China’s factory activity likely expanded again in December on stronger external demand and an infrastructure push at home, but the pace of growth is set to ease as markets await Continue Reading
Tesla has started delivering Model 3 electric cars built at its Shanghai factory in just under a year since it began work on the $2 billion plant, a record for Continue Reading
The remains of a car that was destroyed by bushfires in Balmoral, New South Wales Scores of fires are burning out of control across Australia amid a heatwave that has Continue Reading
Just as the U.S. shale industry is slowing down, oil production in other non-OPEC countries is on the rise. Output in U.S. shale grew substantially in 2019, although at a Continue Reading
IN AN INDUSTRY caught flat-footed by the rise of Tesla and China’s skyrocketing vehicle-emissions mandates of the past decade, 2020 came to be seen as the horizon of reasonable expectations, Continue Reading
The early promises of blockbuster shale wells that many fracking companies made to investors are looking even more suspect as the wells age. For years, frackers touted estimates of how Continue Reading
As the year draws to a close, the Brent and WTI oil benchmarks are trading at $66.55 and $61.54, respectively. From $60.65 to $64.50, investment bank and analyst projections for Continue Reading
Unless the remaining days of December surprise us with a world-beating hydrocarbon discovery, 2019 will go down as one of the weakest years on record in terms of new oil Continue Reading
Done About Vidyard Carbon-capture projects are economically unviable at the moment and will need a major increase in government spending for wide-scale deployment, says John Minge, former chairman and president Continue Reading
Shortages of oil products have started mounting as staff at a number of French refineries continue strike action, resulting in increased imports of diesel and gasoil, sources said Friday. “There Continue Reading
