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Energy / Energy-General

Iran Puts ‘Recoverable Reserves’ At 160 Billion Barrels

Feb 05, 2019 at 10:26 | Irina Slav

Iran has recoverable crude oil reserves of 160 billion barrels, the National Iranian Oil Company said, adding recoverable natural gas reserves came in at 33.33 trillion cubic meters, Mehr news…

The Permian Has A Flaring Problem

Feb 04, 2019 at 16:56 | Nick Cunningham

A report from the Environmental Defense Fund (EDF) found that the rate of flaring in the Permian basin is twice as high as the industry has been reporting. In…

Could This Material Kill Lithium-Ion Batteries?

Feb 04, 2019 at 14:47 | Irina Slav

Sodium, an element far more abundant than lithium, is expanding its claim to fame in the battery field. A new study from a Japanese university has suggested…

Sanctions Cut Off Venezuelan Crude Supply To U.S. Refiners

Feb 04, 2019 at 14:26 | Tsvetana Paraskova

U.S. refiners will not be able to complete transactions for shipments of crude from Venezuela’s PDVSA for cargoes they had contracted before the U.S. Treasury slapped sweeping sanctions on the…

Can Venezuela Revive Its Oil Industry Like Iraq Did?

Feb 04, 2019 at 13:51 | Vanand Meliksetian

The political turmoil in Venezuela seems to be a never-ending story. Since Hugo Chavez’ presidency, the Latin American country has been the center of attention during several crises. This time,…

Why Are Asian Spot LNG Prices Plunging?

Feb 04, 2019 at 11:50 | Tim Daiss

In more unusual moves for spot liquefied natural gas (LNG) in Asia, prices for the super-cooled fuel last week fell to a nine-month low amid an uncharacteristically oversupplied market due…

Wood Mac: Venezuela’s Oil Output To Fall Below 1 Million Bpd

Feb 04, 2019 at 09:31 | Irina Slav

Venezuela’s crude oil production could fall below 1 million bpd after the United States imposed new sanctions on its already struggling state oil company PDVSA, Wood Mackenzie analyst Ann-Louise Hittle…

Exxon Goes All-In On The Permian

Feb 01, 2019 at 17:23 | Nick Cunningham

ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to…

Are Automakers Overestimating EV Demand?

Feb 01, 2019 at 17:19 | Irina Slav

Electric cars were the stars of the Detroit Auto Show this year and they have been garnering a lot of attention from the media generally amid increasingly urgent talk…

U.S. Energy Exports To See Significant Increase

Feb 01, 2019 at 17:16 | Robert Rapier

The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050.  The purpose of the AEO is to provide long-range energy projections for the United States, based…

The Key Takeaways This Earnings Season

Feb 01, 2019 at 17:10 | Martin Tillier

Exxon Mobil and Chevron released fourth quarter earnings this morning, and the market cheered. After a period of misses, this morning’s release was the second consecutive beat of…

Japanese Gas Major To Ramp Up Overseas Investment

Feb 01, 2019 at 16:32 | Tim Daiss

In the aftermath of the  Fukushima nuclear disaster in 2011 that forced the subsequent shutdown of Japan’s 50 plus nuclear reactors, the country’s reliance on then-overpriced LNG spiked. For years…

Oil Rises 18% In Best January On Record

Feb 01, 2019 at 12:50 | Tom Kool

Oil prices rose almost 2 percent on Friday morning, closing higher for the week, with traders turning turned bullish once again as a result of lower OPEC+ supply and global…

UAE Sets Record For Largest ‘Virtual’ Battery

Jan 31, 2019 at 16:06 | Irina Slav

The United Arab Emirates have a reputation for innovative investments, so it was only a matter of time—and after a recovery in oil prices—before the Gulf state started making headlines…

EU Still Aims To Circumvent U.S. Sanctions On Iran

Jan 31, 2019 at 12:33 | Cyril Widdershoven

European countries continue to find ways to circumvent U.S. sanctions on Iran, presenting a new payment channel in recent days. The new channel, called INSTEX, short for “Instrument…

The World’s Most Extraordinary Oil & Gas Company

Jan 31, 2019 at 11:49 | Vanand Meliksetian

Gazprom is, without doubt, the most important and influential company in Russia. The energy giant controls one of the world's largest and most impressive hydrocarbon reserves including an elaborate transportation…

Reuters Survey: OPEC Production Drops Most In Two Years

Jan 31, 2019 at 10:21 | Tsvetana Paraskova

OPEC’s crude oil production in January dropped by a massive 890,000 bpd compared to December—the largest monthly decline in the cartel’s production since January 2017 when the initial production cut…

Oil Rallies As Saudis Cut Exports To The U.S.

Jan 31, 2019 at 09:24 | Irina Slav

Brent crude and West Texas Intermediate started the day today with gains, albeit modest, following yesterday’s Weekly Petroleum Inventory Report by the Energy Information Administration that said Saudi oil exports…

Chevron Looks To Double Permian Production By 2022

Jan 30, 2019 at 14:56 | Tsvetana Paraskova

Unlike many oil and gas firms who had given up some of their acreage in the Permian before the shale revolution, supermajor Chevron and its legacy companies have been sticking…

The Key Risks For Oil In February

Jan 30, 2019 at 14:42 | Editorial Dept

Oil markets are subject to some compelling story lines right now. Trump/Xi relations are holding risk markets hostage. The US Fed seems to be in a holding pattern on rate…

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