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Oil Prices Gain 2% on Tightening Supply

Article Archive | Page 979

Will Alaska LNG Survive The Trade War?

Apr 05, 2018 at 10:12

Despite the escalating trade war between Beijing and Washington, Alaska’s pro-active Gov. Bill Walker is heading to China next month on a mission to drum up support for the…

2018 Oil & Gas Projects To Break Even At $44 Per Barrel

Apr 05, 2018 at 09:01

New oil and gas projects to be sanctioned this year will likely have a 15-percent lower breakeven level than last year’s, at US$44 per barrel of oil equivalent, Wood Mackenzie…

Venezuela’s Oil Sector May Soon Have New Owners

Apr 04, 2018 at 15:52

Venezuela’s oil production fell by another 100,000 barrels per day (bpd) in March, a devastating blow that will only make the country’s economic crisis worse. Output is expected to…

Saudi-Iran Proxy War Threatens OPEC Deal

Apr 04, 2018 at 15:52

Tensions between Iran and Saudi Arabia triggered doubts about the success of the OPEC+ oil production cut deal two years ago when it was first being hatched. Now, with the…

How Canadian Drillers Adapt To Extreme Crude Discounts

Apr 04, 2018 at 15:52

Canada’s oil producers had just started to slowly recover from the oil price crash when they began to face increased constraints in marketing and monetizing their heavy crude oil. Transportation…

Farmers Hit Hard As Trump Backs Big Oil

Apr 04, 2018 at 15:32

The Trump administration seems to be leaning towards allying with the oil refining industry in its fight against Big Corn and federal rules requiring the use of corn ethanol. Reuters…

Tesla’s Production Problems Aren’t Going Anywhere

Apr 04, 2018 at 14:29

Tesla Inc. had some good news to report during its quarterly shareholder call on Tuesday, but it may not be enough to salvage the electric carmaker’s stock prices and needed…

Bahrain Says Giant Discovery Holds 80 Billion Barrels Of Oil

Apr 04, 2018 at 12:13

Bahrain announced on Wednesday the size of the oil reserves in the giant discovery that it had made, and figures dwarf the proved reserves that the island kingdom in the…

Is The U.S. Government Doing Enough To Protect Power Grids?

Apr 04, 2018 at 11:53

Just as tensions between the U.S. and North Korea are finally beginning to cool (while animosity between the U.S. and Russia intensifies), a recent industry report argues the U.S. government…

OPEC Production Slumps To 12-Month Low

Apr 04, 2018 at 11:02

Crude oil production across OPEC slumped by 170,000 bpd last month to 32.04 million bpd, a Bloomberg survey among energy analysts. This is the lowest daily production rate in…

Oil Prices Head Higher On Large Crude Draw

Apr 04, 2018 at 09:50

The Energy Information Administration reported a 4.6-million draw in crude oil inventories for the week to March 30, largely in line with analysts polled by IG, who had expected…

Trade War Looms Over Oil Markets

Apr 03, 2018 at 17:03

Oil prices, along with equities across the board, were dragged down on Monday over fears of a brewing trade war. China announced $3 billion of tariffs on U.S. goods, including…

Investors Reward Big Oil’s Frugality

Apr 03, 2018 at 16:52

Belt-tightening has been the policy of necessity in the oil industry over the past three years, and even the price recovery that began at the end of 2016 did not…

China Looks To Double Its LNG Terminals

Apr 03, 2018 at 16:31

China’s seemingly endless thirst for natural gas is on a collision course with not only U.S.-based liquefied natural gas (LNG) project developments, but others as well, including Russia and Australia,…

Upstream Oil Investments Bounce Back

Apr 03, 2018 at 15:59

Until recently, oil industry analysts and executives were lamenting the slump in global investment in upstream oil, and many continue to predict a looming oil supply shortage in the early…

Total Deploys First Robots To North Sea

Apr 03, 2018 at 13:50

In a world-first, French Total is set to deploy groundbreaking autonomous robots to a North Sea oil platform to test the machines in operational inspections at the facility. The…

Oil Markets Hit By Financial Turmoil

Apr 03, 2018 at 13:36

Oil prices remained relatively flat on Tuesday following Monday’s sell-off in what appears to have been triggered by rising Russian crude production. (Click to…

Renewables Are Closing In On Fossil Fuels

Apr 03, 2018 at 12:25

Coal has been getting the squeeze for years now, but the plunging cost of renewable energy is already starting to give natural gas a run for its money. The implications…

Houthi Missile Hits Saudi Oil Tanker

Apr 03, 2018 at 11:02

A Saudi oil tanker was targeted by the Iran-aligned Houthi movement on Tuesday afternoon local time off Yemen’s port of Hodeidah, sustaining minor damages and completing its course north, Saudi-owned…

''Car Biz Is Hell'': Musk Is Back To Sleeping At The Factory

Apr 03, 2018 at 10:24

They say not to bring your work home with you, but what about bringing your home to work? Elon Musk is doing just that, saying on Monday that he is…

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