US Rig Count Barely Budges
The US rig count is up just one rig from last week to 791. The U.S. rig count is up one rig from last week to 791, with oil rigs Continue Reading
Two Abundant Elements That Could Create A Superbattery
For decades, scientists have been on the prowl for advanced battery materials with features such as superior energy density or those that confer extra-long battery life leading to such futuristic Continue Reading
Buyer Cancels LNG Cargoes From Cheniere
A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to Continue Reading
Tesla Gets Ever So Close to 400 Miles of Range
Tesla already makes an electric car that has the longest battery range in the industry—373 miles. Now the model has gotten an update that will push that up to nearly Continue Reading
Eurozone economy picks up despite virus disruption
Business in the 19-country eurozone has picked up in February from a deep slump, particularly in Germany’s big industrial sector, despite disruption from the new coronavirus, a report showed Friday. A Continue Reading
Russia stokes political tensions with hunt for Antarctic oil
A Russian move to size up offshore oil and gas potential in the Antarctic may not signal the start of a rush to develop the world’s last great wilderness, but Continue Reading
Oil Rallies On Small Crude Inventory Build
As the effect of the coronavirus epidemic begins to recede and oil prices start to recover, the Energy Information Administration reported a crude oil inventory build of 400,000 barrels for Continue Reading
Many signs of peak oil and decline
Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023. Oil supermajors are expected to have 10 years of reserve life or more, Continue Reading
Russia keeps brakes on OPEC proposal for further output cuts
Russia is in no rush to announce its position on additional cuts proposed by OPEC, as nothing urgent is happening in the oil market and there are two more weeks Continue Reading
Russia, OPEC Will Not Move Forward Their Next Meeting
Despite the uncertainty on the oil market amid the coronavirus outbreak, there is a common understanding among the OPEC+ coalition that ministers do not need to move forward their meeting Continue Reading