Why Oil No Longer Rules The Stock Market
Things are looking pretty good for the average American investor at the moment, with the S&P 500 still taking out new highs and a 27.3 percent YTD gain rivalled only Continue Reading
New England Natural Gas Prices Hit Two Year High
For those who grew up in New England, single-digit temperatures, snow squalls, and icy roads are nothing outside the ordinary. With at least six days last year averaging colder than Continue Reading
Oil prices rise in quiet Christmas Eve trade amid supply cuts
Oil prices rose on Tuesday in thin pre-Christmas trading after Russia’s energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly Continue Reading
Oil edges higher as expected US crude draw, rising demand bolster market
Oil futures rallied off early morning lows to finish the session mostly higher as market balanced tightened supply and demand outlooks against weak US economic data. ICE February Brent settled Continue Reading
Oil steadies as Russia touts easing OPEC+ output
Oil prices were little changed on Monday as Russia said an OPEC-led producer group may consider easing output cuts next year, offsetting support from some investor optimism that an initial Continue Reading
Why oil refining is a critical part of the energy industry
It does not have the glamour of wildcatting in distant frontiers, nor the customer visibility of petrol stations, but oil refining is a critical part of the industry. It turns Continue Reading
Festive world markets pause for breath near record highs
World stocks flatlined near record highs on Tuesday and remained on track for their best year in a decade, as China’s latest policy easing pledges added to the optimism generated Continue Reading
The 10 Most Important Oil Market Trends For 2020
As a busy 2019 in the oil and gas industry ends, analysts are busy issuing predictions about next year and what they would mean for oil markets and prices. This Continue Reading
Oil Markets Brace For Another 500,000 Bpd Oil Field To Come Online
Kuwait and Saudi Arabia could be days from agreeing the restart of oil production from the two fields they share in the so-called neutral zone. Bloomberg quoted Kuwait’s Oil Minister, Continue Reading
Why UAE Oil Prices Are Falling
Prices of Abu Dhabi’s popular flagship crude grade, Murban , have dropped over the past week as refiners prefer grades yielding more low-sulfur marine fuels and as supertanker freight rates Continue Reading
Oman Looks At Full Oil Industry Overhaul
With a fiscal breakeven oil price of US$87.55 per barrel (pb) of Brent in 2020 and 80 per cent of its revenues still coming directly or indirectly from the hydrocarbons Continue Reading
New Delhi’s EV policy forecast to crimp future transportation fuel demand
Singapore — The government of New Delhi, India’s capital city, on Monday approved an electric vehicle policy aimed at combating air pollution that is projected to lower demand for transportation Continue Reading
ExxonMobil-led consortium makes 15th Guyana oil discovery
Houston — Not only did an ExxonMobil-led consortium begin producing oil from its much-watched Stabroek block in Guyana just a few days ago, but the group has stuck another feather Continue Reading
Two Majors Join Forces In The Next Great Oil Frontier
Apache Corp. and French Total have struck a deal to jointly explore for oil offshore Suriname. Each will have 50 percent in the venture, with Apache leading as operator of Continue Reading
This Country Just Produced Oil For The Very First Time
Guyana officially joined the ranks of oil producing nations, after ExxonMobil and its partners began oil production offshore the South American country. ExxonMobil and its partner Hess Corporation launched oil Continue Reading
In Tougher Times, China Falls Back on Coal
Coal consumption is back near peak levels after rebounding over the past three years, despite China’s pledges to make steep cuts in what is the country’s most prevalent and polluting Continue Reading
How is Australia tackling climate change?
Australia’s fire season has been unprecedented in its danger The Australian government is facing criticism over its climate policies as the country deals with devastating bushfires and a historic heatwave. Continue Reading
Commodities 2020: Japan set to lighten crude slate amid tightening heavy crude supply
Japanese refiners may have little option but to increase the ratio of lighter crude oil it purchases in 2020 as global supply of heavy crude is expected to remain tight, Continue Reading
U.S. business spending on equipment appears soft; housing steadies
New orders for key U.S.-made capital goods barely rose in November and shipments fell, suggesting business investment will probably remain a drag on economic growth in the fourth quarter. The Continue Reading
Will The Exxon Ruling Impact Future Climate Cases?
As I explained last month in Exxon Knew. Did They, Though? , perceptions outside of an oil company are often at odds with what is happening inside the company. I Continue Reading
Another Oil Major Bails On Marcellus Shale
There have been some signs the shale boom that re-energized America’s domestic energy industry a few years back, might be entering a maturing phase of its development. A phase where Continue Reading
US crude stock draw likely extends amid strong exports, refinery runs
US crude oil inventories likely extended their slide last week amid an uptick in refinery demand and strong export activity, an S&P Global Platts analysis showed Monday. Commercial crude stocks Continue Reading
October US coal-fired power generation totals 66.9 TWh, down 23.6% on year: EIA
US coal-fired power generation totaled 66.9 TWh in October, US Energy Information Administration data showed Monday, a year-on-year decrease of 23.6%, the largest such decline since March 2016. Receive daily Continue Reading
Louisiana LNG Unit Starts Production
Another liquefaction train at Cameron LNG has begun production. The second liquefaction train at the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LNG), McDermott International, Continue Reading
America’s Love Affair With Driving Takes a Back Seat
Around the country, the American love affair with driving is cooling in ways that are changing how cities look and feel. Over the past three years, the average number of Continue Reading
U.S. Durable Goods Orders Fell in November
That was well off from expectations. Economists surveyed by The Wall Street Journal had projected a 1.2% increase. Declining orders for military equipment was the primary cause. Orders for defense Continue Reading
Is This The Beginning Of A Shale Crisis?
Banks are cutting their lending to struggling U.S. shale drillers, another blow to an industry that has long been dealing with a questionable business model. Banks are restricting lending and Continue Reading
Analysis: US Northeast production volumes, rig count stall at year’s end
As production from the US Northeast stalls and the active rig count declines in the region, the market could tighten significantly and help propel Henry Hub futures later this winter. Continue Reading
Trump administration revises Jones Act framework for oil, gas operations
US Customs and Border Protection has formally revised its framework for the enforcement of the Jones Act, a change critics claim could allow more foreign-flagged vessels to operate in domestic Continue Reading
Average annual highway vehicle miles traveled per capita varies by state
On a per-capita basis, the number of vehicle-miles traveled (VMT) on the nation’s roads varies from a low of 5,300 annual miles in the District of Columbia to 16,900 annual Continue Reading
Hartsfield-Jackson Atlanta International Airport adds two BYD electric buses
Hartsfield-Jackson Atlanta International Airport (ATL) has aded two BYD battery-electric buses. The K9M 40-foot buses are part of the airport’s fleet of “terminal-to- terminal” shuttles used to transport passengers between Continue Reading
Nord Stream 2 Sanctions Are A Win-Win For Putin
The construction of Nord Stream 2 (NS2) has been a rollercoaster of a project with many ups and downs for both its proponents and opponents. On Friday, Trump approved sanctions Continue Reading
French strike sees refinery units halted, tug assistance affected
Staff at Petroineos’ Lavera refinery in France started halting units this weekend due to a strike, according toCGT sources and local media reports. The company declined to comment. There have Continue Reading
Ørsted and partners secure funding for H2RES project; offshore wind power to produce renewable hydrogen for road transport
Ørsted (formerly DONG Energy), Everfuel Europe A/S, NEL Hydrogen A/S, GreenHydrogen AS, DSV Panalpina A/S, Hydrogen Denmark and Energinet Elsystemansvar A/S have been awarded funding of DKK 34.6 million (US$5 Continue Reading
Oil eases as U.S. drilling activity picks up
Oil prices fell on Monday after an increase in U.S. drilling activity, but held near recent three-month highs on hopes for a trade deal between the United States and China. Continue Reading
Is LNG Actually The Future Of Energy?
Drillers and investors who are getting pummeled in the threadbare LNG market might not be sold anymore on the idea that natural gas is the fuel of the future, but Continue Reading
Why Hasn’t Hydrogen Gone Mainstream?
As the world pays more and more attention to reducing emissions and mitigating climate change, analysts believe that the most abundant element in the universe— hydrogen —has the potential to Continue Reading
Is Non-OPEC Oil Production Recovering?
Below are a number of oil production charts for Non-OPEC countries, created from data provided by the EIA’s International Energy Statistics and updated to August 2019. Information from other sources Continue Reading
Expect More Writedowns From Oil Majors
On Friday, Royal Dutch Shell announced that it would take a $1.7-$2.3 billion write down for the fourth quarter, another financial blow to an industry dealing with oversupply and low prices. The write down Continue Reading
Eastern Libyan force warns against transporting military equipment in civilian planes
The eastern-based Libyan National Army force said on Sunday it had monitored a Boeing 747-412 that had flown from Istanbul to Libya carrying military equipment. LNA spokesman Ahmed Mismari warned Continue Reading
Erdogan says Turkey will increase military support to Libya if necessary
Turkey will increase its military support to the internationally recognized government of Libya if necessary and will evaluate ground, air and marine options, President Tayyip Erdogan said on Sunday, after Continue Reading
Saudis, Kuwait Near End to Spat Over Shared Oil Fields
The deal could still fall through at the last minute and the two countries, which reached a preliminary agreement in October, are unlikely to restart production immediately, the people familiar Continue Reading
Russia Strengthens Its Grip On Syrian Oil
Following the various recent announcements from U.S. President Donald Trump that he wants the country to withdraw from all areas of potential conflict in the Middle East – except Saudi Continue Reading
Iran’s leader ordered crackdown on unrest – ‘Do whatever it takes to end it’
After days of protests across Iran last month, Supreme Leader Ayatollah Ali Khamenei appeared impatient. Gathering his top security and government officials together, he issued an order: Do whatever it Continue Reading
Saudi sentences five to death, three to jail in Khashoggi case
Saudi Arabia’s public prosecutor said on Monday five people had been sentenced to death and three more to jail terms totaling 24 years in the case of the killing of Continue Reading
Saudi Arabia sentences five to death for killing journalist Jamal Khashoggi inside Turkish consulate
The country’s top prosecutor said three more people were sentenced to jail terms totaling 24 years. Saud al-Qahtani, an aide to Crown Prince Mohammed bin Salman and the most senior Continue Reading
Isis in Iraq: Militants ‘getting stronger again’
IS was uprooted after a long fight in Iraq, but it was never completely defeated There are growing indications that the Islamic State (IS) group is re-organising in Iraq, two Continue Reading
Facing tighter OPEC policy, Iraq continues output cuts
Iraq has continued to reduce its oil production as it moves closer to compliance with an OPEC agreement designed to bolster global oil prices. The federal government and the autonomous Continue Reading
India Could Become Fastest Growing Energy Market By 2030
India will surpass China to become the world’s largest energy growth driver by 2030, India’s Oil Minister Dharmendra Pradhan said at a conference on Friday. “We are on our way Continue Reading
‘In a Wall of Fire’: Australia’s Deadly Blazes Intensify and Destroy
Australia typically has wildfires in its summer months, but this year’s fire season began early—a combination of extreme heat and a severe drought, scientists say. As with California , the Continue Reading