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Energy / Energy-General

Oil Prices Trend Upward In “Fragile” Market

Sep 14, 2018 at 13:55 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to close higher for the week. Most of the gains occurred early in the week when…

Iran: There Is No Spare Oil Capacity

Sep 14, 2018 at 13:16 | Tsvetana Paraskova

The United States won’t be able to bring Iranian oil exports to zero because the other producers can’t offset the loss of all of Iran’s oil barrels in an already…

Oil Markets Enter “Crucial Period”

Sep 14, 2018 at 13:09 | Tom Kool

Oil prices edged up this week on lost supply from Iran and Venezuela, although those supply concerns are somewhat offset by worries over demand.

Oil Prices Unfazed By Growing Rig Count

Sep 14, 2018 at 12:24 | Julianne Geiger

Baker Hughes reported an additional seven U.S. rigs this week, bringing the total number of active oil and gas rigs to 1.055, according to the report. The number of active…

Maduro Seeks New Funding On Visit To China

Sep 14, 2018 at 10:25 | Tsvetana Paraskova

Venezuela’s President Nicolas Maduro is meeting with the top Chinese officials, including President Xi Jinping, as the socialist leader of the troubled Latin American oil producer is looking to…

India Cuts Iranian Oil Imports As U.S. Sanctions Loom

Sep 14, 2018 at 09:21 | Irina Slav

Indian refiners are reducing their intake of Iranian crude oil in preparation for the return of U.S. sanctions on Tehran. The reduction is being seen as an attempt to score…

The U.S. Is The World’s Top Oil Producer, But For How Long?

Sep 13, 2018 at 17:14 | Tim Daiss

The U.S. Energy Information Administration (EIA) said on Tuesday that the U.S. likely surpassed Saudi Arabia and Russia earlier this year to become the world’s top crude oil producer. The…

Not Just Crude: U.S. Sanctions Hurt Iran’s Oil Product Flows

Sep 13, 2018 at 15:02 | Tsvetana Paraskova

Unlike the 2012-2015 Western sanctions on Iran, this time around only the United States is slapping sanctions on Iran’s economy and oil industry. But unlike in the previous round of…

The Future For Plastic Is Uncertain

Sep 13, 2018 at 10:54 | Andreas De Vries

Few inventions have had an impact as profound as that of plastic. Invented just 100 years ago, plastics have found applications in areas as diverse as clothing, packaging, transport,…

U.S. Becomes Top Oil Producer Globally

Sep 13, 2018 at 09:07 | Irina Slav

The United States this year became the largest crude oil producer, surpassing Russia and Saudi Arabia, according to preliminary estimates from the Energy Information Administration. Although following the June…

Venezuela Is Doing Something It Hasn’t Done Since The 90s

Sep 12, 2018 at 16:24 | Irina Slav

Caracas is preparing the return of oil contracts with private companies that were last used in the 1990s before the Chavez era that made PDVSA the one and only operator…

JP Morgan: Big Oil’s Spend To Meet Climate Goals Will Be ‘Monumental’

Sep 12, 2018 at 15:52 | Tsvetana Paraskova

If Europe’s eight largest oil companies want to meet the climate and carbon-reducing goals they have set, their spending on new, low-carbon energies must double by 2020, and then double…

Haynesville Shale Gas Production Is Bouncing Back

Sep 12, 2018 at 15:47 | Tsvetana Paraskova

Natural gas production at the Haynesville formation in northwest Louisiana and East Texas has been steadily rising this year to reach its highest level since September 2012. Recovering natural gas…

Gas Could Overtake Oil As The Largest U.S. Energy Source This Year

Sep 11, 2018 at 17:31 | Irina Slav

Natural gas, helped by gains in energy efficiency, will dethrone oil as the biggest energy source that the United States uses by the end of this year. That’s according to…

The Qatar-China LNG Deal Is A Game Changer

Sep 11, 2018 at 16:20 | Tim Daiss

PetroChina has just inked a deal to buy 3.4 million tonnes per annum (mtpa) of LNG from QatarGas in a move representing the Chinese firm’s largest ever to date…

China Poised To Dominate South Sudan’s Oil Industry

Sep 11, 2018 at 13:55 | Tsvetana Paraskova

A Chinese state oil major that already dominates most of South Sudan’s oil production is poised to play an even larger role in the African country’s efforts to boost its…

Oil Nears $80 On Iran Concerns

Sep 11, 2018 at 13:45 | Tom Kool

The oil bulls appear to have returned following reports of turmoil in Libya and Iraq. (Click to enlarge)

UK Oil Industry Is Slowly Losing Its Economic Significance

Sep 11, 2018 at 11:52 | Tsvetana Paraskova

Despite reduced costs and efficiency improvements, the UK oil and gas industry could lose its significance as a key contributor to the UK economy and energy supply, due to record…

Pipeline Problems In The Permian Are Overblown

Sep 10, 2018 at 16:36 | Nick Cunningham

The Permian pipeline bottleneck continues to pinch the shale industry, forcing steep discounts for oil stuck in West Texas. Yet, the midstream constraints will be temporary and few in the…

Rising Costs Weigh On Permian Gas Production

Sep 10, 2018 at 13:46 | Stuart Burns

To be fair, not all shale gas drilling is slowing, but in the Permian Basin, which has seen the most incandescent growth in recent years, according to the Financial Times,…

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