Alaska’s Oil Industry May Be On Its Last Legs
Last week a judge halted the latest Alaskan oil project following a year of disappointment due to the Covid related drop in oil demand and the cancellation of project after Continue Reading
Iron-Air Batteries Could Be The Breakthrough Energy Markets Are Waiting For
Last year, we made a financial projection for the price of electricity long term, with or without decarbonization (“Electricity decarbonization is not that expensive, so let’s get on with it”, Continue Reading
US oil, gas rig count falls 3 to 621; Permian only major basin with gains: Enverus
The US oil and gas rig count fell three to 621 on the week, energy analytics and software company Enverus said Aug. 26, with the Permian up four as the Continue Reading
Chevron moves nonessential crews from US Gulf facilities as tropical system intensifies
Chevron was moving nonessential crews from its operated US Gulf of Mexico facilities as Tropical Depression Nine inched closer to the US coast in early afternoon Aug. 26, although the Continue Reading
Container ships waiting for berth at Ports of LA, Long Beach near record high
The ports of Los Angeles and Long Beach in California reported lengthier lists of ships anchoring offshore, with the number of ships idle within sight of the port standing at Continue Reading
USA Oil Prices Widen Gap to Brent
The closely-watched spread between the U.S. and global crude benchmarks widened to the biggest gap in four months with traders anticipating ballooning supply in America. The U.S. government plans to Continue Reading
Early Hurricane Lull Ending, With New Forecast for Up to 21 Storms
A quick start to the Atlantic hurricane season saw five storms form so far this year, well ahead of normal pace of a normal year, before settling into a lull Continue Reading
Climate Change Speeds Up U.S. Harvest, Giving Oil Unlikely Lift
American farmers are preparing to fire up their tractors earlier than usual this year, and it’s an unexpected gift to oil markets. Unusually hot and dry weather has sped up Continue Reading
Swiss Re Signed a $10 Million Carbon Capture Deal
Reinsurance giant Swiss Re announced Wednesday that it had signed the world’s first long-term agreement to take carbon directly out of the air. The contract with Climeworks AG, one of Continue Reading
Oil Dips After Three-Day Rally With Covid Still Clouding Outlook
Oil dropped after the biggest three-day gain since March, with the latest Covid-19 resurgence still clouding the outlook for fuel demand. Futures in New York fell below $68 a barrel Continue Reading