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Energy / Energy-General

Texas Oil Production Breaks New Record

Feb 12, 2019 at 13:54 | Tim Daiss

The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty…

Oil Market Tightens On OPEC Cuts

Feb 12, 2019 at 12:55 | Tom Kool

Oil prices rose on Tuesday afternoon as Saudi Arabia pledged deeper cuts in March while its biggest partner in the deal, Russia has failed to commit to its part of…

Is A Natural Gas Cartel Forming?

Feb 12, 2019 at 11:39 | David Woroniuk

It has now been over two months since Qatar made the decision to leave OPEC, with many analysts providing informed views on Qatar’s future energy strategy. This article…

Oil Jumps As Saudis Plan Further Production Cuts

Feb 12, 2019 at 09:20 | Irina Slav

Saudi Arabia plans to reduce its crude oil production further, to 9.8 million bpd in March, Energy Minister Khalid al-Falih said in an interview for the Financial Times. This…

An Unexpected Bullish Factor For Oil

Feb 11, 2019 at 17:14 | Nick Cunningham

U.S. shale drilling activity is set to slow this year as companies respond to lower oil prices. However, a lower WTI price is not the only reason for…

Rosneft Boss Wants Russia Out Of OPEC Deal

Feb 11, 2019 at 16:59 | Irina Slav

Rosneft’s chief executive Igor Sechin wants Russia to quit its production control deal with OPEC, Reuters reported last week, citing sources that have seen a letter Sechin wrote to…

Which Oil Giant Generates The Most Cash?

Feb 11, 2019 at 13:38 | Tsvetana Paraskova

As the oil supermajors surpassed estimates with strong Q4 and 2018 earnings, Shell beat Exxon—for a second year running—to affirm itself as Big Oil’s biggest cash flow generator. Shell, which…

Venezuela’s Oil Production Could Fall Below 700,000 Bpd Next Year

Feb 11, 2019 at 13:31 | Rystad Energy

Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling from 2.4 million barrels per day (bpd) in 2015 to only 1.34…

U.S. Sanctions, OPEC Cuts Create Rare Oil Price Shakeup

Feb 11, 2019 at 11:56 | Tsvetana Paraskova

Due to tighter supply of medium and heavy sour crude oil, Middle Eastern benchmarks for sour crude grades have been trading higher than Brent Crude prices since the beginning of…

Green New Deal Critics See Red

Feb 11, 2019 at 10:37 | Leonard Hyman & William Tilles

The Green New Deal, (GND) a catch-all composite of environmental and social welfare programs, led by Member of Congress Alexandra Ocasio-Cortes (D-NY) and Senator Ed Markey (D-MA) calls for “a…

Washington Eyes Crackdown On OPEC

Feb 08, 2019 at 17:20 | Nick Cunningham

Legislation targeting OPEC is suddenly gaining steam in the U.S. Congress, raising alarm bells for the cartel. On Thursday, the House Judiciary Committee passed a bill that would allow the…

Tax Cuts Or Not, Mexico’s Pemex Is Doomed

Feb 08, 2019 at 17:19 | Haley Zaremba

Last week a hefty package of $3.5 billion worth of tax cuts were granted to the struggling state oil company Petroleos Mexicanos (Pemex) to be spread over the next six…

The Achilles Heel For EV Makers

Feb 08, 2019 at 17:09 | Vanand Meliksetian

Electric vehicles (EVs) are becoming more and more popular in most industrialized countries. Although conventional cars claim 99 percent of the market, the announcement of substantial investments by…

What Is Keeping Oil Prices Subdued?

Feb 08, 2019 at 13:36 | Tom Kool

Oil prices failed to break out on Friday, as traders showed themselves cautious, voicing concerns about global economic growth. (Click to enlarge)

Oil Rig Count Rises As Oil Prices Stabilize

Feb 08, 2019 at 12:34 | Julianne Geiger

Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs…

Rival Forces Clash For Control Over Libya’s Largest Oil Field

Feb 08, 2019 at 10:54 | Tsvetana Paraskova

Rival army forces—one loyal to the UN-backed Libyan government and another to a strongman from the east—are fighting for control over Libya’s largest oil field, Sharara, which has been…

Oil Seesaws On Trade Deal Worries

Feb 08, 2019 at 09:23 | Irina Slav

Crude oil prices fell slightly today in Asia as traders continued with caution amid persistent worries about global economic growth and the chances of the United States and China agreeing…

Trade Deal Uncertainty Weighs On Oil Prices

Feb 07, 2019 at 16:50 | Nick Cunningham

Despite the crisis in Venezuela, which could shut in a lot more oil supply, global crude prices have been mostly flat for two weeks. Oil traders have weighed prospect of…

Uncertainty Continues For LNG Markets

Feb 07, 2019 at 13:46 | Vanand Meliksetian

‘King Coal’ dominated the energy mix during the industrial revolution of the 19th century. The replacement of the steam engine by the internal combustion engine made oil the most important…

Tesla Disputes Study That Icy Weather Leads To 41% Drop In EVs Range

Feb 07, 2019 at 11:00 | Tsvetana Paraskova

Tesla says that a new AAA study on electric vehicle (EV) range in icy or hot temperatures has shown results inconsistent with the experience of Tesla drivers and that the…

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