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Energy

Iran Looks To Close More Deals But Oil Majors Are Cautious

Jul 18, 2017 at 09:26 | Gregory Brew

Iran is on track to reach a major national milestone this year, if the nation’s oil spokesmen are to be believed. On Wednesday deputy oil minister Amir Hossein Zamaninia predicted…

4 Reasons Oil Will Rally Back To $50

Jul 17, 2017 at 16:38 | Nick Cunningham

“I think there is a high probability that we could see [WTI] rallying back to $50,” Bob Parker, member of the investment committee at Quilvest Investment Management, said on

Are More Bankruptcies On The Way For U.S. Oil?

Jul 17, 2017 at 16:31 | Irina Slav

Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers…

Norway’s Giant Gas Field Is Set For Record Output

Jul 17, 2017 at 16:27 | Tsvetana Paraskova

The giant gas field that holds around 40 percent of total gas reserves on the Norwegian Continental Shelf (NCS) is set to produce a record amount of gas this year,…

U.S. Gasoline Prices To Stay Low Through The Summer

Jul 17, 2017 at 14:26 | Zainab Calcuttawala

Low gasoline prices for American consumers are here to stay for the rest of the summer, according to the U.S. Energy Information Administration (EIA). The agency says regular gasoline…

Russian Oil Output Falls While OPEC Boosts Exports

Jul 17, 2017 at 13:54 | Ron Patterson

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through June 2017 and is in thousand barrels per day.

Chinese Refineries Near All-Time Throughput Record In June

Jul 17, 2017 at 11:48 | Irina Slav

Chinese refineries processed 11.21 million bpd of crude oil last month, up 2.3 percent on the year and the second-highest daily processing rate on record, Reuters reported, citing data…

Did OPEC Create The U.S. Shale Problem?

Jul 17, 2017 at 11:03 | Precise Consultants

Yet again, U.S. shale producers are benefitting from the disastrous game of chicken deployed by OPEC back in 2014. And that’s something which is at once ironic and deeply worrying.…

North Korea’s Fuel Prices Soar After China Suspends Exports

Jul 17, 2017 at 09:24 | Tsvetana Paraskova

Diesel and gasoline prices in North Korea have jumped since China National Petroleum Corp (CNPC) halted sales of fuel to Pyongyang, Reuters reported on Monday, citing data on prices…

The Only Way OPEC Can Kill U.S. Shale

Jul 14, 2017 at 15:56 | Irina Slav

One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia and 11 other producers to…

World Class Oil Discovery Puts Mexico Back In The Race

Jul 14, 2017 at 15:55 | Nick Cunningham

The UK-based Premier Oil, along with its partners Talos Energy and the Mexico City-based Sierra Oil & Gas, announced a potentially huge new oil discovery off the Mexican coast…

A Natural Gas War Is Brewing In The Mediterranean

Jul 14, 2017 at 15:48 | Cyril Widdershoven

Offshore gas developments in the East Mediterranean region are heating up. Alongside increased exploration efforts and a possible gas pipeline deal between Turkey and Israel, geopolitical risks are increasing too.…

New Nano Light Detector Could Change Solar Panels Forever

Jul 14, 2017 at 15:47 | Futurity

In today’s increasingly powerful electronics, tiny materials are a must as manufacturers seek to increase performance without adding bulk. Smaller is also better for optoelectronic devices—like camera sensors or solar…

Tesla Faces Stiff Competition In Energy Storage War

Jul 14, 2017 at 15:46 | Irina Slav

A week after Tesla announced it had won a tender for the installation of the world’s biggest battery storage system in Australia, Siemens and AES launched a joint…

Could Trump Crush Iran’s Energy Plans?

Jul 14, 2017 at 15:43 | Zainab Calcuttawala

Iranian officials continue to encourage multinational fossil fuel companies to pursue production deals in the country, despite disconcerting rhetoric from the White House that suggests the 2015 nuclear deal, which…

Are Deeper Cuts OPEC’s Only Option?

Jul 14, 2017 at 15:41 | Osama Rizvi

Despite the November, 2016 Vienna crude oil agreement among OPEC and certain non-OPEC (NOPEC) producers and its subsequent May 2017 extension, the global crude oil market is still burdened…

Low Oil Prices Push OPEC Producers To Public Markets

Jul 14, 2017 at 15:38 | Oil & Gas 360

Abu Dhabi looks to publicly list parts of its national oil company The United Arab Emirates plans to list part of its national oil company on public markets in order…

Ukraine Aims To Join European Power Grid

Jul 14, 2017 at 15:34 | The Jamestown Foundation

The Ukrainian state operator of power transmission lines, Ukrenergo, signed an agreement on June 28 with the European Network of Transmission System Operators for Electricity (ENTSO-E) to integrate Ukraine’s power…

Kyrgyzstan Seeks Funding For Ambitious Hydropower Project

Jul 14, 2017 at 15:31 | Eurasianet

Kyrgyzstan has signed a deal with a Czech company specializing in renewable energy to take over a hydropower project that the government sees as key to ambitious plans to export…

Ignore The Hype: Oil Is Rangebound

Jul 14, 2017 at 15:21 | Nick Cunningham

Investors can be forgiven if they are more puzzled than ever regarding the trajectory of oil prices. The gyrations over the past month have induced a sense of deep despair,…

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