Big energy fears peak oil demand is looming
In an attempt to improve the quality of Beijing’s polluted air , the authorities are planning to mandate that every new taxi in the city must be electric or gas-fuelled, Continue Reading
OPEC says oil stocks keep rising despite supply cut deal
OPEC said on Tuesday oil inventories had continued to rise despite the start of a global deal to cut supply and raised its forecast of production in 2017 from outside Continue Reading
Oil Supplies Rise as OPEC and Non-OPEC Countries Pump More Crude
Global oil supplies rose by 260,000 barrels a day in February to 96.52 million b/d, as both OPEC and non-OPEC producers pumped more crude, the International Energy Agency said on Continue Reading
Peak Oil – Apocalyptic Environmentalism and Libertarian Political Culture
In 2011, while working toward a Ph.D. in American Studies at the University of Minnesota, Matthew Schneider-Mayerson began a study into the peak oil community. Approaching his subject from the Continue Reading
Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges
OPEC’s worst enemy isn’t U.S. shale drillers. It’s the hedges propping them up. American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14 Continue Reading
U.S. shale oil output to soar in April, Permian to hit fresh record
U.S. shale oil production in April was set for its biggest monthly increase since October as output in the Permian Basin, America’s fastest growing shale oil region, was expected to Continue Reading
U.S. Shale Faces A Workforce Shortage
A problem for the U.S. shale oil and gas industry that analysts and observers have warned about for a long time has materialized: there is a shortage of workers. According Continue Reading
Russian oil major says U.S. shale growth imperils OPEC deal
A recovery in U.S. oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia’s top oil major Continue Reading
Race to Bottom on Costs May Cause Oil to Choke on Supplies
Houston hosted two events this week: the nation’s largest energy conference and the town’s famous rodeo. They have more in common than you’d think. In both cases, the key for Continue Reading
U.S. Oil-Rig Count Climbs by Eight
The number of rigs drilling for oil in the U.S. rose by eight in the past week to 617, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig Continue Reading