The European Parliament approved rules…
After another bout of intensive…
Oil prices surged to their highest level in more than three years on Thursday, as the number and volume of supply outages continues to rise. The odds of a significant…
Oil supermajor BP said on Thursday that it would buy the UK’s largest electric vehicle (EV) charging company, Chargemaster, in the latest show of Big Oil’s move into EV…
Amazon founder Jeff Bezos is offering a chance to buy tickets for space travel starting next year — and is taking on SpaceX’s chief Elon Musk and Virgin’s Richard…
Algeria is eager to attract Big Oil majors such as Exxon and Chevron to its shale patch to tap its massive gas reserves, estimated to be the third-largest in the…
Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving…
Canada has the world’s third-largest crude oil reserves, but the country seems determined to pretty literally keep these in the ground. This determination becomes strikingly obvious when Canada is…
Electric vehicle makers and legacy automakers have launched in earnest the race to make such EVs so as to win over the public with increased range and powerful batteries. In…
Tesla and General Motors are seeing the beginning of the end for crucial U.S. federal tax incentives needed to transition interested car shoppers into electric vehicle owners. The federal government…
Fears of another downturn in prices in the lead up to the OPEC meeting are now in the rearview mirror, with oil prices continuing to climb since the announcement.
The Libyan oil plot jut thickened after the Libyan National Army said it had passed control of the country’s oil ports to a non-officially recognized National Oil Corporation affiliated…
Oil prices jumped 5 percent on Friday after the OPEC+ group announced its vague decision to maintain its collective target while lifting country-specific limits on oil production. The result was…
The difference between WTI and Brent narrowed significantly over the past few days, as the forces driving the two benchmarks apart seemed to have reversed course. For the past few…
If our longer-term goal is to reduce the accumulation of carbon dioxide in the atmosphere (which produces climate change) — there are only four ways to do it. 1) Reduce…
Saudi Arabia has a spare oil production capacity of 2 million bpd and is able to meet additional demand in case of disruption of oil supplies, the chief executive…
The OPEC+ group has decided to increase output by aiming to return compliance back to 100 percent, rather than the “over compliance” the group has posted to date. Although…
Russia’s second biggest oil company, Lukoil, is ready to raise production by 23,000 bpd in two to three months if its gets the green light from Moscow which pushed for…
Crude And Condensate BOEM has March 2018 production at 1696 kbpd, which is down 1 percent month-on-month and 4 percent year-on-year (March 2017 was the peak production month for GoM…
I’ve been waiting for the last minute to write this column, waiting on the decision of OPEC in Vienna this morning. While the final decision isn’t official, it seems that…
As I write this piece, we are still awaiting the official announcement of the outcome of the OPEC+ meeting in Vienna, but given the organization’s penchant for controlled leaks, and…
Friday June 22, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…