Retail gasoline prices showing some stability
A high level of supplies on the U.S. market helped push retail gasoline prices lower despite a rally in crude oil prices, motor club AAA reported. AAA reports a national Continue Reading
Goldman Sees Russia Oil Output Rising Amid Doha Freeze Talks
Oil and the Doha Meeting Russian oil and condensate production will rise through 2017, even as the nation prepares for talks on an output freeze with other producers, according to Continue Reading
World Bank taking bolder climate steps
The World Bank said it was standing ready to offer its unique leverage on the global stage to help address the growing challenges of climate change. Laura Tuck, a vice Continue Reading
Rosneft Shows Crude Resilience, Shielded by Weak Ruble
Russian state-controlled oil company OAO Rosneft reported a slight increase in full-year net profit, shielded from plunging oil prices that battered the results of western oil producers by a weakening Continue Reading
The big bust in the oil fields
He’d borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he’d gone too Continue Reading
Russia has less than three decades of oil remaining
“Our recoverable oil reserves are about 29 billion tons. These are the ones that could theoretically be extracted from the subsoil. Crude oil production (without condensate) preliminarily amounted to about Continue Reading
Moody’s to withdraw from Russian domestic market – FT.com
Moody’s is withdrawing from the Russian domestic market as global rating agencies are caught in a dilemma between new Russian laws and western sanctions. Moody’s said on Wednesday that it Continue Reading
Why ARPA-E Needs to Grow Up
It’s hard not to get caught up in the optimism on the exhibition hall at the ARPA-E Innovation Summit, which is taking place this week in the D.C. area. Nearly Continue Reading
Oil Rebounds From 12-Year Low
Oil-futures prices on the New York Mercantile Exchange rebounded Friday on short-covering after touching a more than 12-year low the previous day. Light, sweet crude futures on Nymex for delivery Continue Reading
Top independent refiners see cheap gasoline demand growing
The largest U.S. independent refiners are bullish on domestic gasoline demand as super-cheap fuel and the lure of bigger vehicles entice more consumers. Valero Energy Corp and Phillips 66 both Continue Reading