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Energy

Brimming Gasoline Stockpiles Cap Oil Prices

Jul 15, 2016 at 14:43 | Evan Kelly

We begin by taking a quick look at some of the critical figures and data in the energy markets this week, which show that renewed concerns…

U.S. Oil Rig Count Increases For 6th Time In 7 Weeks

Jul 15, 2016 at 12:47 | Charles Kennedy

The US oil and gas rig count rose by 7 this week, with Baker Hughes adding 6 more oil rigs to the count and one more gas rig,…

China’s Oil Output Tanks , Hits 4 Year Low

Jul 15, 2016 at 10:53 | Irina Slav

China’s crude oil output over the first half of the year stood at 101.59 million metric tons, down 4.6 percent and the lowest six-month figure since 2012, Bloomberg reports.…

The Fuel That May Halt The Electric Car Revolution

Jul 14, 2016 at 16:00 | Matt Slowikowski

Electric cars are often touted as the nail in the coffin for gasoline-powered vehicles. However, there’s another fuel revolution in the developing world, which is changing the economics…

Venezuela’s Oil Production Plunges To 13-Year Low

Jul 14, 2016 at 15:37 | Nick Cunningham

Venezuela’s oil production plunged to a 13-year low in June as the economic crisis continues to eat into the nation’s only source of export revenue. Venezuela’s…

EV’s Won’t Kill Diesel – Electric Highways Will

Jul 14, 2016 at 15:34 | Irina Slav

There are millions of trucks on the world’s highways at any given time, carrying cargo from one place to another and spewing diesel exhaust fumes. That’s how it’s…

The Future Of U.S. Coal Power Hangs In The Balance

Jul 14, 2016 at 15:28 | Michael McDonald

Even as coal miners struggle with an epic decline in their business, including headwinds on regulatory, legal, and economic fronts, the industry faces another test…

Oil Is Facing The Perfect Storm

Jul 14, 2016 at 15:27 | Cassandra Legacy

Since at least the end of 2014 there has been increasing uncertainty over oil prices, from whether so-called “Peak Oil” has already happened, to matters of EROI (or…

The Glut Is Far From Over As Offshore Oil Storage Continues To Swell

Jul 14, 2016 at 13:25 | Irina Slav

Nine tankers carrying as much as nine million barrels of crude are floating in the North Sea as traders can’t afford to sell the crude they have—at least…

Does This Estimate Suggest We Are Heading For $30 Oil?

Jul 14, 2016 at 11:22 | Charles Kennedy

Crude oil and refined products are once again begin stored on tankers floating at sea, a sign that the two-year oil glut is far from over. Short-term floating storage is…

This Big OPEC Member Might Be The Next Big Opportunity For Oilfield Services

Jul 14, 2016 at 10:42 | Dave Forest

There’s been a global trend toward privatization of natural resources the last several months. With lower commodities prices prompting governments like Saudi Arabia to raise cash through the sale of…

In World Of $50 Oil, Shale Beats Deepwater

Jul 13, 2016 at 16:18 | Nick Cunningham

U.S. shale is the lowest cost option for new oil production and is likely to be more competitive than conventional offshore drilling, according to a new report from…

Is Iran’s Claim About Doubling Oil Exports Just Hype?

Jul 13, 2016 at 16:06 | Rakesh Upadhyay

After having regained 80 percent of its pre-sanction market share, beating all expectations, Iran now plans to double its exports if market conditions improve, according…

India Taking Advantage Of Crude’s Weakness

Jul 13, 2016 at 15:49 | Michael McDonald

If you’re looking for evidence that this is a great time to be a major oil buyer, look no further than India. Indian Prime Minister Narendra…

EIA Expects Uptick In U.S. NatGas Production As Prices Soar

Jul 13, 2016 at 13:16 | Irina Slav

Embattled U.S. natural gas producers have a reason to perk up: the Energy Information Administration has forecast that natural gas production in the country over…

IEA: Gasoline Glut Could Cause Oil Price Rout

Jul 13, 2016 at 11:37 | Charles Kennedy

Oil prices have been crushed over the past two years because of a glut of production. With supplies falling off, particularly in the U.S. shale patch, prices have…

EIA Reports 2.5M Barrel Draw To U.S. Crude Oil Inventories

Jul 13, 2016 at 09:52 | Charles Kennedy

The U.S. Energy Information Administration (EIA) has reported a 2.5-million-barrel reduction in U.S. crude oil inventories, once again in contraction with American Petroleum Institute (API) figures yesterday,…

Is China’s Silk Road Fund About To Make A Big Move In Gold?

Jul 13, 2016 at 09:35 | Dave Forest

China’s new Silk Road trade route is quietly becoming one of the biggest stories globally in natural resources. With reports the past week showing that this emerging…

Can OPEC Supply The Tighter Oil Market It Predicts?

Jul 12, 2016 at 16:51 | Nick Cunningham

OPEC expects oil demand to remain strong through 2017, but downgraded its assessment because of the Brexit result. In its latest monthly Oil Market Report for…

Kuwait Launches Ambitious Oil Privatization Plan

Jul 12, 2016 at 16:45 | Rakesh Upadhyay

Kuwait is going ahead with its proposed privatization plan, which includes offering a stake in its oil sector. Though the dates for the public offering haven’t been finalized…

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