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The EU Allows Members to Ban Russian LNG as Imports Climb

The EU Allows Members to Ban Russian LNG as Imports Climb

The European Parliament approved rules…

Energy / Energy-General

Can Trump Counter Soaring Gasoline Prices?

Jun 28, 2018 at 17:38 | Nick Cunningham

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…

BP To Buy UK’s Largest EV Charging Company

Jun 28, 2018 at 12:19 | Tsvetana Paraskova

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…

Jeff Bezos Is Preparing To Sell Space Travel Tickets

Jun 28, 2018 at 10:49 | Jon LeSage

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…

An Unlikely Shale Frontier

Jun 28, 2018 at 09:36 | Irina Slav

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…

The Saudis Won’t Prevent The Next Oil Shock

Jun 27, 2018 at 16:52 | Nick Cunningham

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…

Oil Investment In Canada To Drop Despite Rallying Prices

Jun 27, 2018 at 16:19 | Irina Slav

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…

100-Year Old Tech Could Accelerate Electric Vehicle Boom

Jun 27, 2018 at 15:27 | Tsvetana Paraskova

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 GM Close To Capping Out On EV Tax Incentives

Jun 27, 2018 at 10:07 | Jon LeSage

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…

Oil Bulls Are Back On Outages

Jun 26, 2018 at 13:08 | Tom Kool

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. 

Power Grab In Libya Threatens Oil Industry

Jun 26, 2018 at 09:06 | Irina Slav

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…

The Bullish Truth Of OPEC’s Agreement

Jun 25, 2018 at 16:17 | Nick Cunningham

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…

WTI-Brent Spread Narrows On Canada Oil Crisis

Jun 25, 2018 at 15:56 | Nick Cunningham

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…

The Best Solution For Climate Change

Jun 25, 2018 at 12:55 | Leonard Hyman & William Tilles

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…

This Is Aramco’s Spare Production Capacity

Jun 25, 2018 at 09:30 | Tsvetana Paraskova

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…

Why OPEC+ Needed To Add More Oil

Jun 22, 2018 at 17:08 | Nick Cunningham

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…

This Russian Oil Major Is Ready To Open The Taps

Jun 22, 2018 at 17:08 | Irina Slav

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…

EIA: Gulf Of Mexico Oil And Gas Production Remains Strong

Jun 22, 2018 at 17:08 | Ron Patterson

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…

How To Trade OPEC’s Production Boost

Jun 22, 2018 at 17:06 | Dan Dicker

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…

A Hot, If Not Very Sexy, Take On The OPEC News

Jun 22, 2018 at 17:02 | Martin Tillier

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…

Oil Markets Will Only Get Tighter

Jun 22, 2018 at 16:57 | Editorial Dept

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…

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