Drilling Productivity Report
The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs Continue Reading
Is This The End Of The American Pipeline Boom?
The Dakota Access Pipeline, (DAPL) was built to transport Bakken crude oil from its point of origin in far North Dakota to a terminus in Patoka, Illinois. Patoka is the Continue Reading
Tesla’s Million-Mile Battery Will Fuel A New Green Energy Boom
The million-mile battery for electric vehicles (EVs) could hit the market very soon, giving a boost not only to zero-emission vehicle ownership but also to renewable energy generation. While the Continue Reading
U.S. Natural Gas Prices Hit Record Lows In H1 2020
The spot price of the U.S. natural gas benchmark Henry Hub hit record lows in the first half of 2020 due to mild winter early in the year and depressed Continue Reading
US shale oil output to fall to 7.49 million b/d in August, down 56,000 b/d: EIA
US shale oil production will fall to 7.49 million b/d in August, down 56,000 b/d from July and the lowest in two years, the US Energy Information Administration said July Continue Reading
Biden to Call for $2 Trillion in Spending on Clean Energy
Joe Biden on Tuesday will call for setting a 100% clean-electricity standard by 2035 and investing $2 trillion over four years on clean energy, three people familiar with his plan Continue Reading
Biggest U.S. Battery System Connects to California’s Grid
The biggest battery storage system in the U.S. connected to California’s electricity grid, giving the state more flexibility to bank excess solar power generated during the hottest parts of the Continue Reading
Why The Hydrogen Boom Is Good News For Natural Gas
After decades of stagnation and multiple false dawns, the hydrogen economy is finally taking off , with some experts predicting that hydrogen could become a globally-traded energy source, just like Continue Reading
Green News: Austria Emerges As Hub For Hydrogen Technology
The universe’s lightest and most plentiful element turns out to be a fickle fuel to manage. Hydrogen has a tendency to pass through valves and gaskets on equipment designed to harness Continue Reading
UK economy risks shrinking 14% this year, budget forecasters warn
Britain’s economy could shrink by more than 14% this year and government borrowing risks approaching 400 billion pounds ($500 billion) if there is lasting damage from the coronavirus, government budget Continue Reading
Oil slips as traders expect OPEC+ to ease supply cuts
Oil slipped nearly 1% on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up Continue Reading
Oil Drops on Signs OPEC+ Preparing to Taper Production Cutbacks
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in Continue Reading
Oil Market Tightens But COVID-19 Could Spoil The Rally
Global oil demand has rebounded somewhat faster than previously thought, although the spread of the coronavirus in the United States and Latin America is “casting a shadow over the outlook,” Continue Reading
Coronavirus bringing record $1 trillion of new global corporate debt in 2020: report
Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new Continue Reading
Wind Is Emerging As A Leader In The Renewable Race
Good news is in short supply during any crisis, and this one has been no exception. The energy industry is being pummeled to the ground by low oil and gas Continue Reading
Libya’s LNA vows to continue oil blockade unless its demands are met
The Libyan National Army vowed to continue its oil blockade in the war-torn North African country unless its demands are met as the conflict between the self-styled army and the Continue Reading
Libya’s oil exports face setback as blockade resumes, NOC singles out UAE
Libya’s National Oil Corp. declared force majeure on all crude exports on July 12, a day after the Libyan National Army re-instated an oil blockade as the civil war continues Continue Reading
Improved demand outlook calls for easing of OPEC+ oil production cuts: sources
Output cuts set to roll back to 7.6 million b/d in August Compensation cuts for May, June overages will add to total Middle East summer air conditioning to add to Continue Reading
Yemen’s Houthis agree to give U.N. access to abandoned tanker – sources
Yemen’s Houthi movement has agreed to provide the United Nations access to a stranded oil tanker that risks causing an environmental disaster off the coast of the war-divided country, two Continue Reading
Emerging Markets: China’s Rebound Fuels Optimism for More Gains
Emerging markets have a lot going for them right now. Putting aside the worrying rise in Covid-19 cases, the positive narrative for investors in developing economies remains intact. China’s economy Continue Reading
Libya Declares Force Majeure on Oil Exports as Blockade Renewed
Libya’s National Oil Corp. has declared force majeure on all oil exports, barely a day after lifting it, the state-owned company said in a statement. NOC condemned the renewed blockade on Libyan Continue Reading
Libya Is On The Brink Of A Major Military Conflict
Global oil market analysts are carefully watching the latest news emerging from Africa’s (potentially) largest oil producer. In an unexpected move, Libya’s National Oil Corporation (NOC) stated lifted the force Continue Reading
China Braces for More Severe Flooding as Heavy Rains Move North
China is preparing for flooding in its northern regions that could potentially hurt crop output amid torrential rain that’s lasted over a month and caused billions of yuan in economic damage. The Continue Reading
Pandemic Crushes Garment Industry, the Developing World’s Path Out of Poverty
Many of Asia’s developing countries have long relied on factories producing T-shirts, trousers and shoes that employ millions of people and help them climb the income ladder. This is how Continue Reading
The Most Desirable Crude Oil On The Market
China bought up so much oil during April and May’s oil price crash that now they don’t know what to do with it all. A huge volume of the purchases Continue Reading
Russian Company Behind Arctic Fuel Spill Reports Pipeline Leak
A Russian mining giant, which is already in a dispute with authorities over a fuel spill in the Arctic earlier this year, has suffered a leak in a pipeline. MMC Continue Reading
This Is What It Looks Like When a Texas Oil Boom Busts
When an oil bust takes hold in West Texas, no one is spared: Drilling rigs collect dust, barber chairs sit empty, students drop out of school and lines swell at Continue Reading
Shale boss says US has passed peak oil
US crude production has already peaked, according to one of the country’s leading shale executives, as producers battered by the price crash shun new output growth and start trying to Continue Reading
Fracking Firms Fail, Rewarding Executives and Raising Climate Fears
The day the debt-ridden Texas oil producer MDC Energy filed for bankruptcy eight months ago, a tank at one of its wells was furiously leaking methane, a potent greenhouse gas, Continue Reading
After the fastest recession in U.S. history, the economic recovery may be fizzling
United Airlines announced plans to lay off more than one-third of its 95,000 workers. Brooks Brothers, which first opened for business in 1818, filed for bankruptcy. And Bed Bath and Continue Reading
Oil Prices Up Amid Virus Treatment News
Oil rebounded as a new virus treatment showed promising results, but rising Covid-19 cases continued to weigh on the market. Oil gained 2.4% in New York on Friday but is Continue Reading
Oil Returns To $40 After COVID Correction
Oil prices fell on Thursday as COVID-19 cases continued to spike in the U.S., which the IEA highlighted as a major threat to oil markets in today’s report, but prices Continue Reading
Crude Oil Pares Weekly Decline on Optimism Over Virus Treatment
Oil rebounded as a new virus treatment showed promising results, but rising Covid-19 cases continued to weigh on the market. Oil gained 2.4% in New York on Friday, but is still Continue Reading
The Largest Oil Inventory Increase In History
The oil market’s massive inventory problem – Oil inventories increased in the second quarter at a rate of nearly 1.8 mb/d, more than four times the ten-year average, according to Continue Reading
IEA Sees Lower-Than-Previously Expected Demand Loss This Year
Global oil demand is set to crash by 7.9 million barrels per day (bpd) this year, the International Energy Agency (IEA) said on Friday, but this forecast is slightly more Continue Reading
IEA warns rise in Covid-19 cases ‘casting a shadow’ over oil recovery
The resurgence of coronavirus cases in several parts of the world is “casting a shadow” over the oil market’s nascent recovery, the International Energy Agency has warned. “In some countries, [the] Continue Reading
Airline Bailouts Point to Greener Travel — and Higher Fares
Europe’s $36 billion of airline bailouts could herald a shift to lower-emission travel as countries impose environmental strings on aid. Those requirements may also mean customers have less choice and Continue Reading
Pandemic Creates Germany-Sized Drop in Global Consumption
The amount of global consumption lost in the pandemic roughly equals the size of the German economy, but the slump also led to the biggest ever drop in greenhouse gas Continue Reading
Big Seafaring Nations Agree to Open Borders for Crew Changes
“After months of this crew-change crisis getting worse, governments must do their bit,” said Stephen Cotton, general secretary of the International Transport Workers’ Federation. “That means that port states where Continue Reading
Long-Planned and Bigger Than Thought: Strike on Iran’s Nuclear Program
As Iran’s center for advanced nuclear centrifuges lies in charred ruins after an explosion, apparently engineered by Israel, the long-simmering conflict between the United States and Tehran appears to be escalating Continue Reading
Iran to Boost Oil-Output Capacity
Iran is expanding its oil-production capacity in anticipation that an eventual end of sanctions would allow it to wrest back its share of the global crude market, according to Oil Continue Reading
Iranian Energy News: Persia Oil Signs Deal for Yaran Field
Iran’s Persia Oil and Gas Industry Development Co. signed a $463 million agreement with state-run National Iranian Oil Co. to operate and further develop Yaran oil field close to the border Continue Reading
Mystery swirls around explosion at Iran’s Natanz nuclear facility
An explosion at the heart of Iran ‘s nuclear programme in the dead of night. An obscure group called the Cheetahs of the Homeland takes credit for it. Then there Continue Reading
Libya Lifts Force Majeure On All Oil Exports
After six months of port blockades and no exports, Libya’s National Oil Corporation (NOC) said on Friday that it lifted force majeure on all oil exports from Libya, potentially giving Continue Reading
The Battle For Libya’s Oil Heats Up
The battle for Libya is threatening to turn into direct clashes between the Turkish and Egyptian militaries, now that Turkey has categorically rejected Egypt’s ceasefire deal. This rejection was followed Continue Reading
Libya’s output recovery will be slow, says NOC, as it lifts force majeure
Force majeure lifted from all key terminals Production increase will take long time due to technical problems Kriti Bastion tanker loading crude from Es Sider Libya’s National Oil Corporation lifted Continue Reading
U.S., Libya Suspect Maduro-Haftar Gold Trade Scheme
The United States and Libya are probing a suspected scheme in which eastern Libyan strongman Khalifa Haftar is allegedly paying Nicolas Maduro’s regime in Venezuela U.S. dollars in exchange for Continue Reading
Venezuela Oil Minister Gets Covid-19 Days After Meeting Maduro
Venezuela’s Oil Minister Tareck El Aissami said he’s tested positive for Covid-19 five days after a televised meeting alongside President Nicolas Maduro. He is the second close ally of President Maduro Continue Reading
Exxon Restarts Drilling at Offshore Hotspot in Voting Crisis
Exxon Mobil Corp. resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics. Two of Exxon’s Continue Reading
Trump Dims Hopes for New China Trade Deal
While the U.S. deals with the new coronavirus, racial injustice and a presidential campaign, tensions with China continue to unfold. WSJ’s Gerald F. Seib explains. Photo: Wang Zhao/AFP President Trump Continue Reading