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Energy

U.S. Gasoline Demand Climbs To Record Highs

Nov 01, 2017 at 10:01 | Irina Slav

Gasoline demand in the United States reached the highest level on record in August this year, at 9.77 million bpd, or up by 83,000 bpd from August 2016. That’s according to…

Oil Prices Fly Higher On EIA Report

Nov 01, 2017 at 10:00 | Irina Slav

The Energy Information Administration confirmed a draw in crude oil inventories, boosting the rally of WTI that almost brought the U.S. benchmark to US$55 a barrel. According to the…

Is Saudi Arabia’s Oil Strategy Working?

Oct 31, 2017 at 17:41 | Nick Cunningham

The IMF estimated that Saudi Arabia will need oil prices to trade at about $70 per barrel in 2018 for its budget to breakeven, a dramatic improvement from the…

The Oil And Gas Industry Is Hiring Again

Oct 31, 2017 at 15:00 | Irina Slav

The oil and gas industry is hiring more than it’s letting go for the first time in three years, a new report from recruitment firm NES Global Talent and…

U.S. Shale Could Bring Bearishness Back To Markets

Oct 31, 2017 at 14:55 | Osama Rizvi

Brent oil has breached the technical and psychological barrier of $60, while WTI inched up to $54. The bulls are relishing in the excitement of rising prices. But there’s…

How The Shale Boom Is Boosting U.S. Exports

Oct 31, 2017 at 14:51 | Robert Rapier

Most people are at least somewhat aware that the U.S. shale oil boom has resulted in lower fuel prices at the pump. But they are probably less familiar with the…

Are Higher Oil Prices Here To Stay?

Oct 31, 2017 at 13:37 | Tom Kool

Strong assurances from OPEC and Russia regarding the extension of the production cut deal has pushed oil prices above $60 per barrel, providing a confidence boost for oil bulls and possibly…

Are Coal-Fired Power Plants Set For A Boost?

Oct 31, 2017 at 12:49 | MINING.com

U.S. Energy Secretary Rick Perry has come up with a controversial plan to slow the closure of coal-fired power plants, under the guise of stabilizing the power grid. The background…

Cautious Optimism Keeps Oil Over $60

Oct 31, 2017 at 11:22 | Irina Slav

Brent remained at over US$60 a barrel today, with WTI a bit over US$54 a barrel, but prices have begun to drag because of the prospect of further increases in…

U.S. Resources Set For Record Breaking Resurgence

Oct 31, 2017 at 10:43 | Dave Forest

Lots of natural resources news in America this week, with big opportunities opening in mining and energy in several spots across the country.  The highest-profile happening was a new offshore…

Saudis Need $70 Oil To Break Even

Oct 31, 2017 at 10:14 | Tsvetana Paraskova

Saudi Arabia needs oil prices at $70 per barrel in 2018 in order to breakeven, the International Monetary Fund (IMF) said on Tuesday in its Regional Economic Outlook…

Can $60 Oil Last?

Oct 30, 2017 at 18:18 | Nick Cunningham

Brent is back at $60 for the first time in more than two years, but the big question is: Can crude hold onto its gains? Oil prices firmed up in…

Big Oil Urges OPEC: Keep Floor Under Oil Prices

Oct 30, 2017 at 18:11 | Tsvetana Paraskova

The oil market and analysts already largely expect OPEC to extend the production cut deal beyond March 2018, which many feel would finally rebalance supply and demand.   OPEC’s new…

The Return Of Deepwater Oil

Oct 30, 2017 at 17:11 | Nick Cunningham

In a historic auction for deepwater oil assets in Brazil, the oil majors showed up on October 27 and bought several offshore blocks, indicating a high level of interest in…

3 Potential OPEC Deal Killers

Oct 30, 2017 at 17:02 | Zainab Calcuttawala

The Middle East isn’t yet ready to agree on the future of OPEC’s output reduction deal as the bloc’s November 30 summit approaches, during which the cartel is set to…

You Won’t Guess Who Just Saved America’s Biofuels

Oct 30, 2017 at 15:03 | Kent Moors

With all the focus directed to solar and wind power, it’s often overlooked that renewables also include turning biomass into biofuels. And the latter has one decisive advantage over solar…

Iraqi Pipeline Disruption Takes 250,000 Bpd Off The Market

Oct 30, 2017 at 14:39 | Tsvetana Paraskova

Crude oil from northern Iraq, including from the Kurdistan region, stopped flowing from the oil pipeline between Kirkuk and the Turkish Mediterranean port of Ceyhan early on Monday local time,…

U.S. Crude Imports Soar Amid Rising Refinery Output

Oct 30, 2017 at 12:24 | Matt Smith

I've been on the road - on walkabout as the Australians would say - for the last four weeks, doing a number of speaking engagements and trips across America. As…

Oil Majors Go All-In On This Emerging Hotspot

Oct 30, 2017 at 11:40 | Dave Forest

China continued to cement its growing resource relationship with Brazil this week. With reports emerging that a Chinese consortium will bid to construct a 1,100 km, $3.9 billion railway to transport…

Booming U.S. Oil Exports Could Hit A Bottleneck

Oct 30, 2017 at 10:17 | Tsvetana Paraskova

U.S. crude oil exports have been setting new records lately, but as both the U.S. oil production and exports are set to increase, analysts and traders warn that booming exports…

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