THE METHANE HUNTERS
Frackers in America’s largest oil field are letting massive amounts of natural gas spill into the atmosphere. Scientists and activists are trying to find the leaks and get them plugged Continue Reading
An Extremely Low-Tech Solution To Our Energy Storage Problem
In the past decade, renewable energies have advanced leaps and bounds and dramatically dropped in price. Wind and solar have become scalable, tradable as commodities, and have even outgrown their Continue Reading
OPEC+ crude output up slightly in August, hampered by outages: S&P Global Platts survey
Highlights Alliance fails to take full advantage of rising quotas Iraq, Russia, Saudi Arabia, UAE post biggest increases Kazakhstan maintenance, Nigeria oil spill limit gains OPEC and its allies nudged Continue Reading
Protests Stop Tanker From Loading At Libya’s Largest Oil Terminal
The relative stability of Libya’s crude oil production and exports from recent months could abruptly end after protests erupted at several key crude terminals, including one that prevented a tanker Continue Reading
Khor Mor expansion gets $250 million boost from U.S.
The Pearl Petroleum consortium led by the UAE’s Crescent Petroleum and Dana Gas has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to fund Continue Reading
US-Iran nuclear talks enter ‘make-or-break’ month as 1.7 mil b/d hangs in balance
Highlights US envoy presses EU, Russia to help revive stalled talks Platts Analytics still sees deal for sanctions relief by December Collapse or further delay sets up tight oil market Continue Reading
Mobileye unveils electric AV to be used in driverless ride-hailing services
Mobileye, an Intel company, unveiled the 6-passenger, road-ready electric autonomous vehicle (AV) that will be used for commercial driverless ride-hailing services in Tel Aviv and Munich starting in 2022. Equipped Continue Reading
Demonstrators Halt Tanker Loading at Libya Oil Port
Demonstrators have interrupted loading of an oil tanker and taken over the control room at Libya’s biggest crude terminal, as a fresh wave of protests across the nation’s ports threaten Continue Reading
IRAQ DATA: August oil output up 1.9% on month, below OPEC+ quota
Highlights Aug output at 3.961 mil b/d vs 3.886 mil b/d in July: SOMO Aug quota rose to 4.061 mil b/d from 4.016 mil b/d in July Iraq’s OPEC+ quota Continue Reading
Ford to stop manufacturing cars in India – sources
Ford Motor Co will stop manufacturing cars in India and shut down its plants in the country, two sources told Reuters, becoming the latest automaker to quit a market still Continue Reading