Despite the fact that China’s recent policy changes weigh on short-term forecasts, global solar capacity is expected to reach the 1 terawatt threshold by 2023, the latest quarterly report by Continue Reading
As Chinese demand for liquefied natural gas (LNG) surges amid the coal-to-natural gas switch, companies are looking to secure supplies—and one of the biggest Chinese firms is turning to the Continue Reading
The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. Less than two months Continue Reading
The first round of U.S. sanctions on Iran just took effect, a slew of measures targeting Iran’s currency and its financial sector. The U.S. sanctioned the trading of bank notes Continue Reading
Oregon’s Supreme Court has handed a major victory to Portland, upholding the city’s right to greatly restrict fossil fuel infrastructure. The measure has been a source of controversy and considerable Continue Reading
Highlights Shippers see margins soar for Iranian crude Freight premium more than doubles Shipowners in Europe still carrying Iran’s oil Flows to Europe expected to drop sharply London — Some Continue Reading
WASHINGTON—The White House, looking to ratchet up trade pressure on China, is expected to announced today that it is more than doubling the size of the proposed tariffs to 25% Continue Reading
Electricity generation from renewable and nuclear power sources in France jumped in June and squeezed out fossil fuels coal, oil, and gas, grid operator RTE said in its Monthly Electrical Continue Reading
It’s a plight that affects all international oil majors, ranging from UK-based BP, to Irving Texas-based ExxonMobil, the world’s largest publicly traded oil company, to China’s state-owned oil and gas Continue Reading
As Washington and Beijing struggle to break a trade impasse, some administration advisers are urging President Trump to raise the stakes with a sharp increase in the level of tariffs Continue Reading
While scores of research labs around the world look for ways to replace lithium-ion batteries with cheaper and more reliable alternatives, China has started a pilot EV battery recycling program Continue Reading
Mexico’s incoming president has begun fleshing out his rescue plan for the country’s long-neglected oil sector. Andrés Manuel López Obrador’s proposals include a $4bn capital injection for state oil company Continue Reading
Iran has started to offer India cargo insurance and tankers operated by Iranian companies as some Indian insurers have backed out of covering oil cargoes from Iran in the face Continue Reading
A shut-down of transmission lines left millions without power for hours, reinforcing the grievances of a protest movement that has caused minor disruptions at oil sites. Protesters prepare to burn Continue Reading
The largest shale oil producer in the Permian spent $264 million more than they made from operations drilling 63 new wells in the Permian and only added a net 9,000 Continue Reading
Moscow — Russia can restore its crude output by as much as 250,000 b/d in July as part of the recent decision by the OPEC-led coalition to increase production, energy Continue Reading
U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015 as exports jumped and stocks at the Cushing hub dropped, the Energy Information Administration Continue Reading
Russian natural gas company Gazprom said Wednesday that just over 90 percent of its Power of Siberia gas pipeline to China is completed. “By now, a total of 1,214 miles, Continue Reading
U.S. oil prices rose Thursday after top exporter Saudi Arabia denied having any plans to inundate the market with crude oil to push prices lower, and said instead that its Continue Reading
Rig company Transocean said Tuesday it landed a multi-well contract for Chevron off the coast of Australia, adding support from the previous trading day. Transocean announced it leased its ultra-deepwater Continue Reading
Production from an oil reservoir in the Kurdish north of Iraq has increased by more than 60 percent, Norwegian energy company DNO announced Tuesday. After completing testing on its fourth Continue Reading
There is one big hitch in U.S. plans to stem buying of Iranian oil: China. Some in Washington now expect that China will vacuum up much of the Iranian oil Continue Reading
Consumers should expect higher prices on imported cars if President Donald Trump’s proposed 25% tariff on foreign-built vehicles shipped into the U.S. is enacted, according to car sellers. Car makers Continue Reading
The contract is expected to launch in third quarter of 2018 and will have physical delivery in Houston. The Intercontinental Exchange Inc. (ICE) has plans to launch a Permian West Continue Reading
Highlights Khafji, Wafra field capacity 500,000 b/d Officials seek to resolve remaining issues Return could stave off market shortage London — Saudi Arabia and Kuwait are making headway towards a Continue Reading
Highlights Global upstream capex seen rising 5% in 2018 US shale expected to turn profitable in 2018 Exploration capex slumps to record low London — Global oil and gas sector Continue Reading
The Trump administration is actively considering tapping into the nation’s emergency supply of crude oil as political pressure grows to rein in rising gasoline prices before congressional elections in November, Continue Reading
London — Russian gas group Gazprom said Friday it was moving ahead with the full-scale development of the giant Kharasavey gas field on the northern Russian Yamal peninsula, as it Continue Reading
The highest retail gasoline prices in years are the latest development to raise concerns about one of the longest-running U.S. economic expansions on record. Drivers across the U.S. in May Continue Reading
The U.S. Energy Information Administration (EIA) proclaimed on Tuesday that, if its forecasts are correct, “the United States will average nearly 12 million barrels a day (mbd) … in 2019 Continue Reading
Highlights Three of four scenarios show enduring role for gas EVs, electrification drive power demand increases Peak demand growth ‘can be controlled’ London — Natural gas continues to provide more Continue Reading
Alstom’s Coradia iLint ( earlier post ), the world’s first hydrogen fuel cell passenger train, has been granted approval by the German Railway Office (EBA) for passenger service in Germany. Continue Reading
BRUSSELS (Reuters) – U.S. President Donald Trump launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia, saying Berlin had become Continue Reading
The Norwegian government said oil production in June was below expectations because of technical issues at some offshore fields. File Photo by A.J. Sisco/UPI. July 11 (UPI) — The Norwegian Continue Reading
Moscow — Russian oil producers may be capable of increasing production by as much as 600,000 b/d within the next nine to 18 months if the country’s agreements with OPEC Continue Reading
An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports , citing Continue Reading
The Church of England voted on Sunday to divest from oil and gas companies after 2023 if it finds them lacking in tackling climate change. The Church of England’s General Continue Reading
Those who watched the spectacular volcanic eruptions in Hawaii in June will have seen the tremors and earthquakes that were followed by massive explosions, as great floods of molten lava Continue Reading
LONDON (Reuters) – The United States and Saudi Arabia appear to have reached an understanding: Washington will reduce or eliminate Iran’s oil export revenues and in return Riyadh will guarantee Continue Reading
The US has installed almost twice as much natural gas-fired power generation capacity as wind and solar power in 2018, and coal-fired capacity leads the list of proposed retirements by Continue Reading
LONDON (Reuters) – Iranian President Hassan Rouhani said on Wednesday that Tehran will stand firm against U.S. threats to cut Iranian oil sales, and warned that Washington had not thought Continue Reading
LONDON (Reuters) – Iran could reduce its co-operation with the U.N. nuclear watchdog, President Hassan Rouhani told the body’s head on Wednesday, after he warned U.S. President Donald Trump of Continue Reading
All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. USA data is through April. C+C production Continue Reading
U.S. consumers put a high value on fuel economy when buying a new vehicle, according to a Reuters/Ipsos opinion poll, as automakers lobby the administration of President Donald Trump for Continue Reading
U.S. retail gas prices headed into the Independence Day holiday are the highest they’ve been in four years and may spike further alongside oil, an analyst said. Motor club AAA Continue Reading
U.S. traffic volumes are leveling off in a sign the previous stimulus from cheap gasoline prices is fading as pump prices rise. The volume of traffic on U.S. roads was Continue Reading
Greg Abbott, governor of the state of Texas, hailed the US as an energy-independent country last week, saying on Twitter it would “NEVER AGAIN” be beholden to foreign oil producers. Yet Continue Reading
DUBAI (Reuters) – Iran’s President Hassan Rouhani said regional oil exports may be threatened if the United States tries to pressure clients to stop buying Iranian crude oil, a new Continue Reading
Nationwide oil exports were virtually flat in June from a 2018 peak in May, with the largest monthly federal Iraq tanker loadings of the year offset by a multi-day outage Continue Reading
President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower Continue Reading
