The Texas energy grid is…
Not since the Cold War…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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…
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…
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…