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Energy

U.S. Department Of Energy Looks To Subsidize Coal Plants

Oct 04, 2017 at 12:44 | Leonard Hyman & William Tilles

In a Canute-like move, On September 29, the US Department of Energy sent a proposal to the Federal Energy Regulatory Commission (FERC) that would, if adopted, significantly increase the value…

The Natural Gas Giant To Challenge Israel

Oct 04, 2017 at 11:52 | Viktor Katona

When Lebanon’s Prime Minister Saad Hariri paid a visit to Russian President Vladimir Putin mid-September, most media coverage revolved around political and military issues. Yet the meeting was part…

Qatar Uses Saudi Strategy To Conquer LNG Markets

Oct 04, 2017 at 10:47 | Omar Mawji

Qatar holds the third largest natural gas reserves in the world behind Iran and Russia. The country’s offshore region is host to the largest natural gas field in the world,…

Strong Crude Draw Boosts Oil Prices

Oct 04, 2017 at 09:47 | Irina Slav

The biggest oil price third-quarter rally in years came to a grinding halt this week with preliminary OPEC production figures for September suggesting an increase, quickly dampening enthusiasm about record-high…

What Really Killed The Oil Price Rally

Oct 03, 2017 at 17:02 | Nick Cunningham

The oil market gained a lot of momentum in August and September, and Brent flirted with $60 per barrel toward the end of last month. But suddenly, oil prices have…

The Bearish Backlash In Energy This Fall

Oct 03, 2017 at 16:59 | Irina Slav

It’s been an exciting summer for fossil fuels and renewables, with natural gas production hitting a year-to-date high, global crude oil stocks finally starting to decline, and demand for solar…

Saudi Compliance To OPEC Deal Comes At A Price

Oct 03, 2017 at 16:37 | Tsvetana Paraskova

Saudi Arabia is following through with its pledge to stick to the output cuts in the OPEC/non-OPEC deal. The Kingdom is also reducing exports to some buyers, even to its…

Nigeria’s "Zero Oil Plan"

Oct 03, 2017 at 14:32 | Zainab Calcuttawala

I recently reported on the development of economic diversification plans among countries in the Gulf Cooperation Council (GCC) as oil demand prepares to reach a climax in 30 years.…

Scotland To Permanently Ban Fracking

Oct 03, 2017 at 14:29 | Tsvetana Paraskova

The Scottish government said on Tuesday that it wants to extend a current moratorium on fracking into a permanent full ban, with a final vote likely taking place at…

Oil Markets Fear An OPEC Compliance Collapse

Oct 03, 2017 at 12:39 | Tom Kool

Brent prices have pulled back from its recent high of $58 per barrel, but hope is not lost from the market's bulls.  (Click to…

Next Week Could Be A Turning Point For The OPEC Output Deal

Oct 03, 2017 at 11:59 | Tsvetana Paraskova

OPEC ministers and ministers from other oil producing nations will discuss this week the progress of the production cut deal and a mechanism to monitor crude oil exports, on…

OPEC Producers Unmoved By U.S. Shale Threat In Asia

Oct 03, 2017 at 10:51 | Irina Slav

Middle Eastern oil producers are confident that strong demand for their product from Asia will keep their coffers full even as U.S. shale boomers venture into the biggest regional oil…

Say ‘So Long’ To The Oil Rally

Oct 03, 2017 at 09:36 | Irina Slav

Crude oil prices extended their losing streak today as worries about once again rising global inventories frosted hopes that global supply is returning to normal. In the latest clear sign…

U.S. Shale Isn’t As Strong As It Appears

Oct 02, 2017 at 16:38 | Nick Cunningham

The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian…

This Giant Oil Trader Sees Upside For Oil Prices

Oct 02, 2017 at 16:33 | Tsvetana Paraskova

More than three years after Bob Dudley said that oil prices would be lower for longer, BP’s chief executive still thinks “a price of $50 a barrel looks like…

Drillers Decline Trump’s Marine Sanctuary Offer

Oct 02, 2017 at 16:17 | Irina Slav

There can hardly be any doubt that President Trump is determined to make good on his campaign promises, which made the energy industry a top priority. After opening up more…

Survey Shows Spike In OPEC’s September Oil Production

Oct 02, 2017 at 13:06 | Zainab Calcuttawala

September figures show that OPEC’s oil production rose in September with Saudi Arabia, Kuwait, and Libya all increased production according to a new Bloomberg survey. Total production from the…

ISIS Sets Fire To Oil Wells Near Iraq’s Kirkuk

Oct 02, 2017 at 11:26 | Tsvetana Paraskova

Islamic State militants set ablaze on Saturday three oil wells near an area still under their control west of the oil city Kirkuk, to try to stop the advance of…

Goldman: Expect Oil Stocks To Catch Up With Rising Oil Prices

Oct 02, 2017 at 10:51 | Tsvetana Paraskova

Shares in oil companies have underperformed the recent oil price rally, so some of those stocks are set to rise in a long-term oil price of $50-55, according to Goldman…

Saudis See Economy Shrink In Spite Of Higher Oil Prices

Oct 02, 2017 at 09:29 | Irina Slav

Saudi Arabia’s economy contracted by 1.03 percent over the second quarter of the year, after a 0.5-percent contraction in the first quarter. The pace of recession accelerated because of…

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