U.S. drillers add oil rigs, Permian count near four-year high: Baker Hughes
The U.S. oil drilling rig count rose this week for the first time in four weeks, boosting the number of rigs in the nation’s biggest oil field to the most Continue Reading
Oil flowing at new site within petroleum reserve in Alaska
Oil is flowing from a drill site in what is now the farthest-west producing site on Alaska’s North Slope, ConocoPhillips Alaska Inc said on Tuesday. Production at Greater Mooses Tooth Continue Reading
The Gas Revolution In Central And Eastern Europe
The European Commission’s flagship policy to transform the archaic CEE natural gas markets saw a wave of billion dollar gas infrastructure projects meant to integrate the market and increase competitiveness Continue Reading
US to offer all available Gulf of Mexico waters for oil, gas leasing in March
The Trump administration this March will again offer 78 million acres in the Gulf of Mexico for oil and gas leasing, the Interior Department announced Tuesday. Receive daily email alerts, Continue Reading
OPEC raises U.S. oil supply outlook, sees lower demand for own crude
A steady rise in U.S. oil output will gather pace in the next five years, OPEC said on Sunday, predicting that demand for the producer group’s crude will decline despite Continue Reading
U.S. seeking to negotiate a treaty with Iran: special envoy
The United States is seeking to negotiate a treaty with Iran to include Tehran’s ballistic missile program and its regional behavior, the U.S. special envoy for Iran said on Wednesday Continue Reading
Russia And Saudi Arabia Confirm Long-Term Oil Partnership
Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its external partners, a Russian Energy Continue Reading
This is how the world ends: will we soon see category 6 hurricanes?
There is no such thing as a category 6 hurricane or tropical storm – yet. The highest level – the top of the scale for the most powerful, most devastating Continue Reading
Iran says oil market is too tight for U.S. zero exports target
The U.S. will find it difficult to cut Iran’s oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, a top Iranian Continue Reading
Iran: There Is No Spare Oil Capacity
The United States won’t be able to bring Iranian oil exports to zero because the other producers can’t offset the loss of all of Iran’s oil barrels in an already Continue Reading
U.S. Secretary Of State Criticizes Iran-Chinese Oil Ties
U.S. Secretary of State Mike Pompeo slammed Iran’s Supreme Leader Ali Khamenei for staying silent on reports of China violating the human rights of Muslim minorities, accusing Iran of turning Continue Reading
NOC says Libyan oil output normal despite attack on its headquarters
TRIPOLI (Reuters) – Libya’s state oil firm NOC said on Wednesday that it continued to manage its operations normally throughout the country, without loss of production, after a shooting attack Continue Reading
Volvo Trucks presents Vera autonomous electric vehicle for future transport solutions
Volvo Trucks unveiled Vera : an autonomous, electric vehicle that can operate with significantly less exhaust emissions and low noise levels. Vera is controlled and monitored via a cloud-based service, Continue Reading
Russia warns of ‘fragile’ oil market due to geopolitics, but says it can raise output
Global oil markets remain “fragile” due to geopolitics and production declines in several regions, Russia’s energy minister said on Wednesday but added his country could raise output if needed. The Continue Reading
Russian energy minister Novak sees broader OPEC, Russia, allies cooperation charter ‘expedient’ from Jan 1, 2019
Russia’s energy minister Alexander Novak believes OPEC, Russia and their allies within the production cut alliance should ink an agreement on the group’s broader cooperation in December so that the Continue Reading
World shares face longest losing streak since January 2016
LONDON (Reuters) – World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S.-China trade war and another interest Continue Reading
China vows to respond if U.S. takes new steps on trade
BEIJING (Reuters) – China will respond if the United States takes any new steps on trade, the foreign ministry said on Monday, after President Donald Trump warned he was ready Continue Reading
China’s August oil imports rise 6.5 percent as teapots return to market
China’s crude oil imports rose 6.5 percent in August from a month earlier to their highest since May, boosted by a rebound in demand from smaller, independent refiners, customs data Continue Reading
Fuelling independence? Scotland’s oil hub embraces green energy
ABERDEEN, Scotland (Reuters) – Scotland’s leader Nicola Sturgeon launched on Friday a major renewable energy project boasting the world’s most powerful wind turbines, which she hopes will also propel the Continue Reading
EU lawmakers set to back 45 percent cut target for CO2 from cars and vans by 2030
BRUSSELS (Reuters) – EU lawmakers are set to back a more ambitious carbon dioxide reduction target for fleets of cars and vans of 45 percent by 2030 on Monday, EU Continue Reading
Qatar To Splash $11.6B On LNG Capacity In Germany
Qatar will spend US$11.6 billion (10 billion euro) on investments in Germany that will include participation in the construction of an LNG terminal, the kingdom’s ruler, Emir Tamim bin Hamad Continue Reading
Airbus Looks Windward, Will Put Sails on Ships Moving Plane Parts
The device is the latest in an array of technologies shipping companies are using to cope with rising fuel costs as the International Maritime Organization implements rules to reducing pollution Continue Reading
Oil Falls as Total Fuel Inventories Rise
The Energy Information Administration said Thursday that crude oil inventories fell by 4.3 million barrels last week. And while that data point alone is bullish, the report also showed gasoline Continue Reading
U.S. crude oil stockpiles decline more than expected last week: EIA
U.S. crude stockpiles fell more than expected last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Thursday. Crude inventories fell 4.3 million barrels in the Continue Reading
India’s Mahagenco seeks 2 million mt imported steam coal
New Delhi — Indian state-run utility Maharashtra State Power Generation Company Limited, better known as Mahagenco, is seeking 2 million mt of imported steam coal of any foreign origin on Continue Reading
The Next Financial Crisis Lurks Underground
About 20 years ago, an entrepreneur named George Mitchell proved that it was possible to get lots of oil and gas out of parts of the earth long thought to Continue Reading
Ship operators need to take a strategic approach to IMO 2020: Lloyd’s Register
Singapore — Ship operators need to take a strategic approach as the International Maritime Organization’s global sulfur limit rule inches closer and full compliance to the rule still remains a Continue Reading
Denmark Becomes Net Oil Importer For First Time In 25 Years
For the first time since 1993 , Denmark is on track to become a net oil importer this year, as oil production in the Danish part of the North Sea Continue Reading
Oil slips as trade war worries outweigh Iran sanctions
Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent energy demand, although impending U.S. sanctions on Iran and falling Venezuelan output limited the Continue Reading
Oil slips as trade war worries outweigh Iran sanctions
Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited losses. Benchmark Continue Reading
OPEC, non-OPEC seek to formalize oil policy coordination: draft charter
OPEC and non-OPEC oil producers will aim to formalize their long-term cooperation later this year by approving a charter that will make possible further joint action on output, according to Continue Reading
Study finds long-term exposure to air pollution negatively impacts cognitive performance and may become more pronounced with age
Researchers from China and the US have found that long-term exposure to air pollution impedes cognitive performance in verbal and math tests. In a study published in Proceedings of the Continue Reading
U.S. drillers cut most oil rigs in over two years: Baker Hughes
U.S. energy companies cut nine oil drilling rigs this week, the biggest reduction since May 2016, following a recent decline in crude prices. The oil rig count fell to 860 Continue Reading
Analysis: Haynesville, Permian producers revive Texas output
Highlights Output nears three-year high at 20 Bcf/d Permian constraints could curb statewide growth Houston — Texas natural gas production has found new momentum in August, breaking above 20 Bcf/d Continue Reading
US EIA says US Gulf Coast gasoline stocks build as refining holds above historic norms
Stocks of gasoline on the US Gulf Coast rose in the week ended August 17 amid weaker national demand and strong regional refinery runs, US Energy Information Administration data showed Continue Reading
Kuwait expects oil exporters to agree on mechanism to monitor supply
OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakhit al-Rashidi said Continue Reading
Trump rolls back Obama-era guidelines on coal
U.S. President Donald Trump heads for a rally in coal-rich West Virginia as his EPA readies for a roll back on rules targeting coal as a power source. File Photo Continue Reading
Energy plan dashes Trump hopes for coal
Coal-fired power generation is likely to decline in the US over the next two decades, even after the Trump administration’s attempt to ease the regulatory burden on the industry, according Continue Reading
Betting Utah Sands Will Be the Next Great Oil Source
Utah is a yawn amid the drilling frenzy that has upended the energy picture in recent years. It accounts for just one of every 100 barrels of oil produced nationwide. Continue Reading
AAA: US Motorists Buying Less Gasoline, Paying Less for It
With some exceptions, motorists throughout the United States are gradually paying less for regular unleaded gasoline, the AAA reports. With some exceptions, motorists throughout the United States are gradually paying Continue Reading
China’s top diplomat says cooperation with Iran to continue: Xinhua
China will continue its cooperation and relations with Iran, state news agency Xinhua reported on Friday, citing a statement from Chinese State Councillor Wang Yi. The Joint Comprehensive Plan of Continue Reading
German rail operator phases out Iran projects
German state-owned rail operator Deutsche Bahn [DBN.UL] is phasing out projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred Continue Reading
U.S. crude stockpiles soar unexpectedly despite record refinery runs: EIA
U.S. crude oil stockpiles jumped unexpectedly last week despite record high refinery runs, while gasoline stocks decreased and distillate inventories grew, the Energy Information Administration said on Wednesday. “We’ve gotten Continue Reading
Chinese oil importers shun U.S. crude despite tariff reversal
Chinese oil importers are shying away from buying U.S. crude as they fear Beijing’s decision to exclude the commodity from its tariff list in a trade dispute between the world’s Continue Reading
South Korean Kogas’ July LNG sales rise 11% on year on heat wave
Seoul — South Korean state-owned Korea Gas Corporation’s LNG sales rose 10.5% year on year in July, driven by strong demand for power generation, company officials said Tuesday. Receive daily Continue Reading
Deciphering The New Caspian Agreement
It took more than 20 years for littoral states of the Caspian Sea to reach an agreement that would lay the legal foundations for the full utilization of the region’s Continue Reading
Merkel, Putin To Discuss Nord Stream 2 Gas Pipeline On Saturday
German Chancellor Angela Merkel and Russian President Vladimir Putin will meet in Germany on Saturday, August 18, and will discuss , among other things, the Nord Stream 2 natural gas Continue Reading
U.S. Drillers Add Double Digit Oil, Gas Rigs
Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 13 rigs , according Continue Reading
Analysts: SPR Release Won’t Lower Gasoline Prices
Even if the U.S. Administration decides to release crude oil from the Strategic Petroleum Reserve (SPR), American drivers are unlikely to see gasoline prices coming down, because U.S. refiners already Continue Reading
Developers say Alaska LNG project remains on track despite trade war with China
Highlights Sinopec would purchase 75% of Alaska LNG’s planned 20 million mt/year FERC DEIS expected next spring, initial service in 2024 Anchorage, Alaska — A deal between Chinese companies and Continue Reading