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Energy

Study: UK Shale Gas Reserves Could Be Much Lower Than Thought

Aug 21, 2019 at 13:00 | Tsvetana Paraskova

The UK may have economically recoverable shale gas resources that are five times lower than estimates from earlier this decade, new research suggests. A new study from the…

Presidential Candidates Take Aim At Major Oil Pipelines

Aug 21, 2019 at 11:56 | Nick Cunningham

Several new oil and gas pipelines have drawn the ire of the Democratic presidential candidates, and a few major pipelines could be at risk after the 2020 election. Ahead of…

Alberta Extends Oil Production Cuts

Aug 21, 2019 at 10:50 | Irina Slav

Alberta has announced an extension of the obligatory oil production cuts approved by the previous government on the grounds that it is uncertain when new pipeline capacity would come on…

Oil Prices Steady As EIA Reports Small Crude Draw

Aug 21, 2019 at 09:45 | Irina Slav

Oil prices held steady on Wednesday morning after the Energy Information Administration today reported a draw of 2.7 million barrels in crude oil inventories. Analysts had expected a…

The Toughest Challenge For Any Energy Company In 2019

Aug 20, 2019 at 16:58 | Tsvetana Paraskova

Volatile oil and gas prices, sudden price slumps, and concerns about future oil demand have combined over the past year or two to make investors shun oil and gas stocks,…

How Much Crude Oil Has The World Really Consumed?

Aug 20, 2019 at 16:50 | Julianne Geiger

The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, with the top 10 consumers accounting for 60 percent of the total…

Shale Bleeds Cash Despite Best Quarter In Years

Aug 20, 2019 at 16:27 | Nick Cunningham

The second quarter earnings results are complete, and it was another rough three-month period for U.S. shale. Oil prices climbed in the second quarter, with Brent topping out in the…

U.S. Is Now Largest Oil… And Gas Producer In The World

Aug 20, 2019 at 13:19 | Tsvetana Paraskova

Petroleum and natural gas production in the United States jumped by 16 percent and 12 percent, respectively, in 2018, setting new production records and placing the United States as the…

Wind And Solar Gaining Edge Over Natural Gas

Aug 20, 2019 at 13:19 | Jon LeSage

A new U.S. Dept. of Energy study shows that the cost of generating more power through wind turbines is cheaper now than buying fuel at an expected price from an…

Oil Markets On Edge Over Trade War Uncertainty

Aug 20, 2019 at 13:19 | Tom Kool

Investor Alert: The world’s richest man has just gone all-in on the space race And now the opportunity…

Rampant Corruption In The World’s Last Oil Frontier

Aug 20, 2019 at 11:58 | Simon Watkins

It seems that as fast as any positive news appears about the massive and under-developed oil and gas resources of the semi-autonomous region of Kurdistan in northern Iraq, more…

Oil & Gas Industry Leads Forbes Profit Growth List In 2019

Aug 20, 2019 at 09:32 | Tsvetana Paraskova

The oil and gas sector on the Forbes 2019 list of the world’s biggest public companies saw the largest profit growth among the top 10 sectors on the list, data…

U.S. Oil Exports Become Victim Of Their Own Success

Aug 19, 2019 at 16:58 | Nick Cunningham

U.S. oil exports surged to record levels earlier this year as more oil flows to the Gulf Coast, but the recent narrowing of WTI to Brent could slow shipments, unless…

Aramco IPO Could Spell Disaster For Big Oil

Aug 19, 2019 at 16:32 | Philip Verleger

Saudi Arabia is again discussing selling a small share of its national oil company, Aramco, to the public. The announcement has attracted little attention from those who…

Tanker Turmoil And Drone Attacks Barely Move Oil

Aug 19, 2019 at 16:23 | Nick Cunningham

Gibraltar released the seized Iranian tanker that had been held up for several weeks, a move that could de-escalate tensions between Iran and the West. The tanker set sail for…

Global Renewables Investment To Hit $13.3 Trillion By 2050

Aug 19, 2019 at 15:55 | Tsvetana Paraskova

Global investments in renewable energy generation capacity will vastly outnumber investment in new fossil fuel-fired plants by 2050, as the share of renewables in the world’s generation capacity will grow…

Is Renewable Hydrogen A Threat To Natural Gas?

Aug 19, 2019 at 13:30 | Irina Slav

Oilprice.com recently reported on a renewable natural gas project in progress in Vermont, a rare sort of a project that collects methane from manure and other waste. Now, another…

What Caused The Recent Surge In Oil & Gas Bankruptcies?

Aug 19, 2019 at 12:14 | ZeroHedge

According to a new report from law firm Haynes and Boone LLP, bankruptcies in the upstream sector are increasing this year as energy spot prices remain subdued amid…

Diesel Car Sales Plunge In The World’s Hottest Electric Car Market

Aug 19, 2019 at 09:57 | Rystad Energy

Sales of certain diesel models are in free-fall as Norwegians turn to Tesla and other makers of premium electric vehicles (EV), Rystad Energy finds. Norway is leading…

OPEC Turns Bearish On Oil

Aug 16, 2019 at 15:20 | Nick Cunningham

OPEC sees a “somewhat bearish” outlook for the rest of 2019, even as supplies remain tight in the short run. In its latest report, OPEC only slightly downgraded its forecast…

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