» The Solar Tech Flying Under The Radar
09/12/18 18:00 from Oilprice.com
Solar energy is no longer a cutting-edge technology. The public is well-acquainted with the sight of solar panels dotting the rooftops of their cities, and the sight is only becoming more common as the years go by. But while it’s not obv...

» Bottom Fishing For Oil Stocks? Stick To The U.S.
09/12/18 16:00 from Oilprice.com
Making any assumption about the price of oil right now is risky, or some might even say crazy. Still, with WTI having found at least a temporary bottom around $50 and with an agreement to cut production by OPEC and the other signatories ...

» Geopolitical Stakes Are Huge On This Tiny Island
09/12/18 05:59 from Oilprice.com
The specter of a rumored U.S. military buildup in Cyprus that would draw a major Russian response now adds to the ongoing Greek Cypriot-Turkish conflict over the island and the oil and gas riches it promises. Ever since the massive hydro...

» Is Gasoline Demand Really Slipping?
09/12/18 00:00 from Oilprice.com
Genscape’s Weekly Gasoline Demand Report data shows relatively flat growth in weekly year-on-year demand for September through November. On the other hand, the U.S. Energy Information Administration (EIA) Weekly Products Supplied data ha...

» Are Russia’s Natural Gas Goals Too Ambitious?
08/12/18 22:00 from Oilprice.com
This kind of development is often lost amid talk of higher news grabbing global oil markets headlines, particularly as Russia, now a major part of the so-called OPEC+ group, with Saudi Arabia, is essentially calling the shots in global o...

» Are Floating Reactors The Future Of Nuclear Energy?
08/12/18 20:00 from Oilprice.com
The future of nuclear energy is either gloomy or promising depending on the country or region in question. In the developed world nuclear power is in decline. Especially after the disaster at Fukushima in Japan, the nuclear power industr...

» Is This The Answer To Global Warming?
08/12/18 18:00 from Oilprice.com
In my previous article – Indisputable Facts On Climate Change – I addressed some of the things we know to be true as it relates to carbon dioxide and global temperatures. Note that I didn’t try to connect any number of potential threads,...

» Trump Administration Makes It Easier To Build Coal Plants
08/12/18 16:00 from Oilprice.com
The Trump administration is rolling back Obama-era rules on climate change regulation limiting carbon dioxide emissions from coal power plants in the United States, making it easier to build new ones. The Environmental Protection Agency ...

» Russia’s Oil Production Cuts To Take Months To Implement
08/12/18 04:00 from Oilprice.com
After Russia agreed on Friday to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it would take Russia “months” to get down to its requested leve...

» Libya, Iran, Venezuela Secure OPEC Production Cut Exemptions
08/12/18 00:00 from Oilprice.com
Whether you call it an exemption or a special dispensation, Iran, Libya, and Venezuela have all been spared the pain of cutting production under the newest OPEC agreement forged today with the help of non-OPEC Russia. The real reasons be...

» Permian Oil Reserves May Be Twice As Big As We Thought
07/12/18 23:30 from Oilprice.com
The U.S. Geological Survey has revised the technically recoverable reserves in the Wolfcamp Basin, in the Permian shale play, to 46.3 billion barrels of crude and 281 trillion cu ft of natural gas. That’s up from 20 billion barrels of cr...

» Chinese Oil Imports Set To Bounce Back This Month
07/12/18 23:00 from Oilprice.com
Chinese oil imports from Iran are on course to rebound this month from the lows of October and November as China’s state-held companies have already started to use the U.S. waivers to continue importing Iranian oil at reduced volumes, Re...

» OPEC+ Gives Oil Bulls Hope
07/12/18 21:00 from Oilprice.com
 The uncertainty surrounding OPEC/OPEC+ negotiations in Vienna strengthened the overwhelmingly bearish sentiment in oil markets this week, but a larger than expected cut has sent oil prices soaring. The failure to reach an agreement on T...

» Why Fundamentals In Oil Markets Haven’t Changed
07/12/18 21:00 from Oilprice.com
Last week we wrote about Oil’s Big Week highlighting the importance of the OPEC+ and Trump/Xi G20 meetings which transpired in the last few days. Unfortunately the week’s events seem to have provided a short-term sugar high for markets b...

» Global Intelligence Report - 7th December 2018
07/12/18 21:00 from Oilprice.com
Geopolitical Notebook Sources - Lawyer in UAE working with high-net-worth Russian clients- UAE ministry official- Economist in Dubai Qatar Exits Cartel to Protect LNG Qatar’s announcement that it will exit OPEC has sparked a flurry of me...

» OPEC Surprises Markets With Last Minute Deal
07/12/18 20:00 from Oilprice.com
In the last possible minute, OPEC+ managed to agree upon a massive cut of 1.2 million bpd, pushing oil prices up by over 3 percent.  (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to...

» Maduro: All Venezuelan Oil Will Be Sold In Petro Cryptocurrency
07/12/18 19:00 from Oilprice.com
Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the leader is touting as the first state-backed oil-backe...

» Oil Prices Hold Steady As U.S., Canadian Oil Rig Count Take Steep Dive
07/12/18 18:20 from Oilprice.com
Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week—a loss in rigs for the second week in a row, with a 10-rig decrease in the number of oil rigs. The total number of active oil and gas drilling rigs now...

» Libyan Oil Production Falls 300,000 Bpd In December
07/12/18 17:00 from Oilprice.com
Libya’s crude oil production has fallen by about 300,000 bpd since the start of this month on the back of oil export terminal shutdowns amid harsh weather and full storage tanks, Kallanish Energy reports, citing a statement from the Nati...

» Chevron Raises 2019 Budget To $20 Billion
07/12/18 16:30 from Oilprice.com
For the first time in four years, Chevron will spend more in 2019 than in the current year, with total spending at US$20 billion, the company said in a statement. This compares with US$18.3 billion for this year. The strong position of t...

» Oil Soars After OPEC And Partners Reach Deal
07/12/18 15:30 from Oilprice.com
Oil prices shot up on Friday after the stubborn holdout Iran agreed to have OPEC reduce oil production by a total of 800,000 bpd, while non-OPEC nations, led by Russia, are reportedly adding another 400,000 bpd of cuts, for a total of 1....

» Russia May Agree To 200,000 Bpd Cut In OPEC+ Oil Deal
07/12/18 15:00 from Oilprice.com
Russia may be ready to cut its oil production by 200,000 bpd as part of a deal with OPEC to reduce oil supply—a higher commitment than 150,000 bpd previously aired, a source at Russia’s energy ministry told Reuters on Friday, as the deal...

» Iran Hopes Iranian-EU Oil Trade Mechanism To Start Working By Year-End
07/12/18 04:00 from Oilprice.com
Iran hopes that the special purpose vehicle that would allow the European Union (EU) to continue buying Iranian oil amid the U.S. sanctions will become operational by the end of this year, Ali Akbar Salehi, the head of the Atomic Energy ...

» Oil Price Slide Puts The Brakes On U.S. Shale Growth
07/12/18 00:00 from Oilprice.com
While U.S. President Donald Trump continues to call on OPEC to keep oil prices low, because “The World does not want to see, or need, higher oil prices!”, one corner of the world may need WTI prices higher than the current low $50s to ke...

» Why Iraq Is Crucial To U.S. Sanctions On Iran
07/12/18 00:00 from Oilprice.com
Iraq, OPEC’s second-largest oil producer and one of Iran’s largest trade partners might come to enjoy even longer sanction waivers from Washington than the eight countries that scored a 180-day sanction relief last month. The reason: cur...

» Will Mexico Choose Oil Over Clean Energy?
06/12/18 23:00 from Oilprice.com
On Tuesday, just days after president Andrés Manuel López Obrador took office in Mexico, the Mexican government announced that it would be suspending a scheduled auction of long-term, clean-energy contracts. The new administration under ...

» Maduro: Russia, Venezuela Sign $5B Deals To Boost Venezuelan Oil Production
06/12/18 23:00 from Oilprice.com
Back from a visit to Moscow, Venezuelan President Nicolas Maduro tweeted a video on Thursday, in which he said that Venezuela and Russia have signed US$5-billion investment deals to increase oil production in the Latin American country. ...

» U.S. Becomes Net Oil Exporter For First Time In 75 Years
06/12/18 22:00 from Oilprice.com
The United States became a net oil exporter last week for the first time in 75 years, and even if it is likely to be for just one week, the achievement highlights the increasing global influence of the soaring U.S. crude oil production. ...

» Is This The Next Big Petrochemical Hub In The U.S.?
06/12/18 21:00 from Oilprice.com
The U.S. government wants to help build a petrochemical hub in Appalachia, one that could rival, or complement, the concentration of petrochemical facilities on the Gulf Coast. The shale gas bonanza over the past decade has led to a tida...

» The Race Is On For Philippines’ First LNG Terminal
06/12/18 20:00 from Oilprice.com
News coming out of the Philippines is that yet another group of companies is trying to be the first to build a working liquefied natural gas (LNG) receiving terminal in the Philippines. On Wednesday,  Philippine power company First Gen C...

» Fractured OPEC Walks Away From The Table
06/12/18 19:00 from Oilprice.com
After six hours of discussions, OPEC didn’t agree on Thursday on any specific oil production cut agreement as members are quarrelling on how to divvy up the production cuts and who will be exempt from reducing output, while all signs poi...

» Green Group: British Columbia’s Climate Plan Can’t Afford LNG Projects
06/12/18 18:30 from Oilprice.com
The province of British Columbia, which has just unveiled an ambitious emissions-cutting plan, cannot afford any more liquefied natural gas (LNG) export facilities if it is to meet its climate goals, an environmental group told CBC on Th...

» Oil Prices Crash As OPEC+ Scrambles At 11th Hour
06/12/18 17:45 from Oilprice.com
Oil prices crashed early Thursday, as OPEC failed to reveal a solid agreement in Vienna, at least not yet. After hours of meetings, OPEC cancelled its news conference, awaiting the Russian delegation set to arrive on Friday. The oil pric...

» Tesla Set To Start Production At China Gigafactory In H2 2019
06/12/18 17:00 from Oilprice.com
Tesla is expected to begin partial production at its first factory in China in the second half of 2019, the Shanghai government said after a meeting with local Tesla executives.  “At present, the project has basically completed land leve...

» Oil Prices Tank Despite Large Crude Draw
06/12/18 16:12 from Oilprice.com
As oil markets hold their breath for OPEC+’s announcement of the final production cuts to take place starting next year, the Energy Information Administration served a nice surprise to oil bulls by reporting an inventory draw in crude oi...

» OPEC Production Cut Settled, But Russian Cooperation Remains Uncertain
06/12/18 16:00 from Oilprice.com
The oil markets exhaled early on Thursday morning as two OPEC sources announced that the oil cartel had tentatively agreed to a production cut of non-specific volumes. The announcement as to exactly how much OPEC is agreeing to cut and w...

» Canada Pipeline System “Dysfunctional”: Industry Executive
06/12/18 15:30 from Oilprice.com
Canada’s oil pipeline system is not just insufficient to transport the growing amounts of crude companies are producing. It is also features a “dysfunctional pipeline nomination process,” according to Canadian Natural Resources, one of t...

» Insight: Nigeria’s oil sector looks for sweet spot amid power struggles
06/12/18 06:30 from The Barrel Blog
“We are ready to bring it down. It won’t drill a barrel of crude,” tweeted Mudoch Agbinibo, the leader of the militant group Niger Delta Avengers, which in 2016 brought Africa’s largest oil producer to its knees with brazen attacks on th...

» Insight: Politics, not economics, drives decision-making in European gas
05/12/18 11:29 from The Barrel Blog
While politics have always played an important role in the energy sector, over the past few years a trend toward a new class of energy-related decision-making seems to have emerged, with non-economic or sub-economic policies increasingly...

» In the LOOP: LOOP Sour deliveries rebound in November from multi-month low
04/12/18 14:39 from The Barrel Blog
The Louisiana Offshore Oil Port said Saturday that about 17,670 b/d of LOOP Sour was delivered ex-cavern from the US Gulf Coast crude terminal in November, which was over a 40% increase from the month before. LOOP said 530,000 barrels of...

» Insight: Extreme volatility returns to NYMEX natural gas futures
04/12/18 10:43 from The Barrel Blog
With volatility making a return to the previously calm US natural gas futures market, it’s important to remember that price swings happen in both directions, as individual fundamentals wax and wane in terms of their influence. November s...

» Insight: Brazil steel touts Bolsonaro despite controversy
03/12/18 16:08 from The Barrel Blog
The Brazilian steel, metals and mining sectors expect an upturn in investments in the country in second-half 2019 following inauguration of a new government which aims to end a period of institutionalized corruption. Representatives of i...

» Carbon capture projects gaining traction: Fuel for Thought
03/12/18 11:24 from The Barrel Blog
US upstream company Occidental Petroleum is committed to carbon capture and injection as a method of boosting oil recovery both in its Permian shale operations and outside the US, CEO Vicki Hollub said last week. She was one of a number ...

» Insight: Lithium-ion batteries enter the fast lane
29/11/18 06:30 from The Barrel Blog
Both the transportation and power industry have been facing significant changes, driven by a combination of policy and technological factors, and S&P Global Platts Analytics sees lithium-ion batteries playing an instrumental role in ...

» In the LOOP: US Gulf Coast crude exports to Venezuela resume
27/11/18 15:00 from The Barrel Blog
Two rare cargoes of US Gulf Coast crude could be making their way to Venezuela, according to S&P Global Platts fixtures reports. Last week, Vitol was heard to have booked two Panamax-sized vessels to move crude from the USGC to Venez...

» Insight: EU carbon market stages comeback in 2018
26/11/18 11:17 from The Barrel Blog
The carbon market in Europe made a big comeback in 2018 after years of stagnation, with prices of European Union allowances more than quadrupling to above €20/mt ($23/mt) after lawmakers overhauled the system’s rules for the period after...

» Exit the Dragon? New port restrictions to limit Chinese met coal imports
22/11/18 11:30 from The Barrel Blog
China’s National Development and Reform Commission (NDRC) has imposed further port restrictions on both metallurgical and thermal coal, effective from 14th November. There was no official announcement, but traders and steel mills h...

» UK power Summer 2019 baseload contract leapfrogs Winter 2020 on extra supply
16/11/18 14:43 from Platts News: Latest ElectricPower News from Platts.com
The UK power Summer 2019 outright baseload contract overtook Winter 2020 base, with the market...

» German coal commission to recommend delaying closures to 2022: report
16/11/18 12:26 from Platts News: Latest coal News from Platts.com
Germany's coal commission may recommend delaying a first wave of coal plant closures to 2022...

» Interview: Bunker fuel testing lab sees compatibility issues continuing post-2020
16/11/18 12:23 from Platts News: Latest shipping News from Platts.com
Compatibility issues with bunker fuels can be expected to continue after the majority of the...

Powered by Feed Informer