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Breaking News:

Traders Place Bets On $250 Oil

Energy / Energy-General

MIT Professors: This Is The Energy System Of The Future

Feb 20, 2019 at 10:38 | Tsvetana Paraskova

Thanks to continuously declining costs, a hybrid renewable electricity generation system that combines wind, solar, and storage could become competitive with the cheapest fossil fuel electricity in the United States—combined-cycle…

Permian Production To Break 4 Million Bpd In March

Feb 20, 2019 at 09:30 | Irina Slav

Crude oil production in the Permian is set to rise above 4 million bpd for the first time in history next month, the Energy Information Administration said in the latest…

Will The U.S. Actively Pursue Regime Change In Iran?

Feb 19, 2019 at 16:33 | Nick Cunningham

While all eyes are on the unfolding crisis in Venezuela, the Trump administration is laying the ground work for its next target: Iran. The greatest source of pressure has come…

A Worrying Trend For International Oil Giants

Feb 19, 2019 at 16:32 | Cyril Widdershoven

International ratings agency Fitch has awarded the Abu Dhabi National Oil Company (ADNOC) a stand-alone credit rating of AA+. This rating is evidence of ADNOC’s ongoing transformation from a traditional…

Oil Prices Nearing Breakout Levels

Feb 19, 2019 at 11:58 | Tom Kool

OPEC+ cuts, supply disruptions and an easing of trade tensions between the U.S. and China has boosted crude oil to a three-month high.  (Click…

Where Will Putin Build His Next Gas Pipeline?

Feb 19, 2019 at 11:54 | Vanand Meliksetian

Russian gas giant Gazprom has invested billions in extending and diversifying its pipeline infrastructure to Europe through Turk Stream and Nord Stream 2. Both projects are part of Moscow’s vision…

Amazon To Invest In Electric Pickups, SUVs

Feb 19, 2019 at 10:59 | Jon LeSage

Amazon.com, Inc., just added electric trucks and SUVs to its broad investment portfolio. Electric truck and SUV startup Rivian just announced that its $700 million funding round is being led by…

The 30 Most Exciting Wildcat Plays Of 2019

Feb 19, 2019 at 09:30 | Rystad Energy

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according…

Oil Majors Double Down On Battery Investment

Feb 18, 2019 at 15:56 | Irina Slav

Last week, Shell became the latest supermajor to make a big bet on battery storage with the announced acquisition of German energy storage startup Sonnen. Sonnen focuses specifically on…

Forget EVs, Detroit's Big 3 Battle For Heavy-Duty Truck Segment

Feb 18, 2019 at 10:51 | Jon LeSage

The Detroit 3 are in a heated battle to take the lead in a highly-profitable segment:  heavy-duty pickups. The days of striving to take the lead in selling the market’s…

Egypt Is Shaping Up To Become A Real Energy Hub

Feb 15, 2019 at 16:13 | Cyril Widdershoven

Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, BP…

Oil Company Growth Strategies Are “Value-Destroying”

Feb 15, 2019 at 16:13 | Nick Cunningham

Oil and gas companies that have pursued production or reserve growth have underperformed companies that have instead focused on shareholder returns, even if that meant slower growth. More to the…

How Long Will This Oil Rally Last?

Feb 15, 2019 at 16:05 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher on Friday and for the week for a number of reasons, mostly affecting the supply side. The…

Is This The Tipping Point For Electric Vehicles?

Feb 15, 2019 at 15:59 | MINING.com

A new report by McKinsey forecasts a rapid switch from gas guzzlers to electric vehicles on the world's roads will be boosted by the plummeting costs of owning a battery powered…

A Big Week For Oil Bulls

Feb 15, 2019 at 13:39 | Tom Kool

Oil prices headed higher on Friday for the fifth day in a row as fears related to U.S.-China trade talks subsided and production cuts continued to make headlines. Friday, February…

US Drillers See Modest Rise In Oil Rigs As Prices Hold

Feb 15, 2019 at 12:15 | Julianne Geiger

Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs…

Saudi Aramco Makes Existential Bet On Oil

Feb 14, 2019 at 16:35 | Nick Cunningham

Undeterred by the prospect of peak oil demand, Saudi Arabia is betting its long-term future on oil. Not only is Saudi Arabia pouring investment into lifting oil production capacity at…

‘’Lower Your Costs, Or Die’’ Big Oil’s New Mantra

Feb 14, 2019 at 16:09 | Tsvetana Paraskova

Fracking and the booming short-cycle shale production in the Permian have revolutionized not only U.S. crude oil production. The prolific shale basin in West Texas and New Mexico has also…

How Blockchain Is Changing The Face Of Oil Trading

Feb 14, 2019 at 14:27 | Irina Slav

As the hype around blockchain subsides and actual applications come to light, the technology is beginning to change the face of a huge industry: crude oil and gas trading. This…

Russian Energy Minister: We Avoided $25 Oil With OPEC Deal

Feb 14, 2019 at 13:36 | Tsvetana Paraskova

The OPEC/non-OPEC production cut agreement has significantly benefited Russia’s budget and companies, as it put a floor under oil prices, Russian Energy Minister Alexander Novak said on Thursday. Oil…

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