Source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. crude oil production reached 11.3 million barrels per day (b/d) in August 2018, according to EIA’s latest Petroleum Supply Monthly , Continue Reading
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 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 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
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
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
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 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
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
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
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 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
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 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
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
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
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
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 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
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
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 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
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
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 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
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
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
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
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 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 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 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
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. 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
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
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
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
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
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
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
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 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 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 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 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
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
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
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
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
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
