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Oil Claws Back Some Of This Week’s Losses

Oil Claws Back Some Of This Week’s Losses

OPEC production has spiked, with…

Russia Reverses Almost All Its Oil Production Cuts

Russia Reverses Almost All Its Oil Production Cuts

Russia reversed almost all of…

Energy

Ghana Boosts Natural Gas Production

Ghana Boosts Natural Gas Production

Aug 07, 2018 at 12:46 | Oxford Business Group

In early July energy firm Eni Ghana Exploration and Production announced it has commenced gas production at the Sankofa fields, part of the $7.9bn Offshore Cape Three Points (OCTP) Integrated…

The Oil Bulls Are Back

The Oil Bulls Are Back

Aug 07, 2018 at 12:45 | Tom Kool

The oil bulls are back, with the U.S. finally enacting the first round of sanctions on Iran and Saudi Arabia cutting back on its crude production. 

Why Trump Won’t Kill Progress On Fuel Economy

Why Trump Won’t Kill Progress On Fuel Economy

Aug 07, 2018 at 11:53 | Nick Cunningham

The Trump administration is taking the aggressive move of not only trying to freeze fuel economy standards for the nation’s cars and light duty trucks, but it is also attempting…

China’s Oil Futures Jump To Record High

China’s Oil Futures Jump To Record High

Aug 07, 2018 at 10:18 | Tsvetana Paraskova

China’s yuan-denominated crude oil futures contract for September delivery jumped to an all-time high on Tuesday by its daily limit, as speculators are eagerly trading the Chinese futures, while…

Oil Prices Inch Higher As Sanctions On Iran Kick In

Oil Prices Inch Higher As Sanctions On Iran Kick In

Aug 07, 2018 at 09:17 | Irina Slav

Brent crude and West Texas Intermediate both started the day today with only moderate gains despite the return of U.S. sanctions against Iran that will take effect at 12:01 a.m.…

This Is Why Canada Lost The LNG Race

This Is Why Canada Lost The LNG Race

Aug 06, 2018 at 16:09 | Tim Daiss

Two weeks ago, it looked as if Canada’s fledgling LNG hopes would finally be resuscitated. Shell’s chief financial officer Jessica Uhl told analysts during the company’s second quarter conference call…

A New Material That Could Create Super Batteries

A New Material That Could Create Super Batteries

Aug 06, 2018 at 12:49 | Tsvetana Paraskova

Researchers at the University of Cambridge have identified an entirely new class of materials that could allow lithium-ion batteries to charge faster and deliver higher power performance—and at lower…

The Weirdest Oil Lawsuit Of 2018

The Weirdest Oil Lawsuit Of 2018

Aug 06, 2018 at 12:29 | Viktor Katona

Rosneft has been rocking the Russian oil sector for quite some time already – first it acquired several domestic assets, in some cases bordering on hostile takeover, then it took…

Pakistan: Exxon Is Close To Making A Mega Oil Discovery

Pakistan: Exxon Is Close To Making A Mega Oil Discovery

Aug 06, 2018 at 12:28 | Tsvetana Paraskova

ExxonMobil is close to discovering huge oil reserves in Pakistan near the border with Iran, and those reserves could even be larger than the oil reserves of Kuwait, the Pakistani…

Goldman Sachs Expects “Very, Very Tight” Oil Market

Goldman Sachs Expects “Very, Very Tight” Oil Market

Aug 06, 2018 at 11:56 | Tsvetana Paraskova

Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very, very tight oil market,” Michele…

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