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Geopolitical Tensions Fail to Spark Oil Price Surge

Geopolitical Tensions Fail to Spark Oil Price Surge

The fluctuating prices in response…

Energy Efficiency is Critical for a Sustainable Future

Energy Efficiency is Critical for a Sustainable Future

Governments must prioritize energy efficiency…

Energy

Bank Of America: Oil Demand Growth To Hit Zero Within A Decade

Feb 05, 2019 at 17:07 | Nick Cunningham

By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although…

Hedge Funds Drop Shorts On Crude Oil

Feb 05, 2019 at 17:01 | Tsvetana Paraskova

Hedge funds and other money managers have started to shake off the gloomy expectations of a global recession and waning oil demand growth that had seized market participants for most…

China Faces An Uphill Battle For Energy Independence

Feb 05, 2019 at 16:15 | Tim Daiss

A Reuters report last week examining China's renewed oil and gas exploration and production push should make the country’s oil majors, Beijing energy planners, and just about everybody else…

Kazakhstan’s Oil Dilemma

Feb 05, 2019 at 13:52 | Eurasianet

It was a hot July morning in 2000 when a helicopter carrying Kazakhstan’s President Nursultan Nazarbayev landed on a drilling barge on the Caspian Sea. An anxious-looking Nazarbayev emerged from…

Oil Rally Halts On Economic Concerns

Feb 05, 2019 at 13:26 | Tom Kool

Oil prices have been choppy in recent days, although WTI and Brent are holding onto their gains near multi-month highs. (Click to enlarge)

BP Beats Estimates, Posts Highest Profit In Five Years

Feb 05, 2019 at 11:48 | Tsvetana Paraskova

Thanks to growing oil and gas production and higher prices, supermajor BP (NYSE:BP) more than doubled its 2018 earnings, beating expectations to post the highest annual profit in…

Iran Puts ‘Recoverable Reserves’ At 160 Billion Barrels

Feb 05, 2019 at 10:26 | Irina Slav

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…

5 Things To Watch In Natural Gas

Feb 05, 2019 at 09:31 | Rystad Energy

A new report from Rystad Energy identifies five vital themes that will shape global gas markets in 2019. Significant LNG production growth, the rise of US gas to challenge Russian…

Venezuelan Oil Exports Plunge On ‘Harsher’ Sanctions

Feb 04, 2019 at 17:18 | Nick Cunningham

Venezuela’s oil production could be disrupted to a greater degree than most analysts first thought, as the U.S. government seeks essentially shut in the country’s oil sector.…

Big Oil Defies 40% Price Plunge, Posts Best Results In Years

Feb 04, 2019 at 17:08 | Tsvetana Paraskova

Despite the nearly 40-percent oil price slide in the fourth quarter, supermajors booked solid sets of Q4 and 2018 results, suggesting that they have learned to raise profits even when…

The Permian Has A Flaring Problem

Feb 04, 2019 at 16:56 | Nick Cunningham

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…

Could This Material Kill Lithium-Ion Batteries?

Feb 04, 2019 at 14:47 | Irina Slav

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…

Sanctions Cut Off Venezuelan Crude Supply To U.S. Refiners

Feb 04, 2019 at 14:26 | Tsvetana Paraskova

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…

Can Venezuela Revive Its Oil Industry Like Iraq Did?

Feb 04, 2019 at 13:51 | Vanand Meliksetian

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,…

Why Are Asian Spot LNG Prices Plunging?

Feb 04, 2019 at 11:50 | Tim Daiss

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…

Wood Mac: Venezuela’s Oil Output To Fall Below 1 Million Bpd

Feb 04, 2019 at 09:31 | Irina Slav

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…

Oil Prices Drop After Touching 2019 High

Feb 04, 2019 at 09:30 | Tsvetana Paraskova

Oil prices turned sharply down on Monday, after having reached 2019 highs earlier in the day, as concerns about the global economy resurfaced and a firmer U.S. dollar reduced investors’…

Exxon Goes All-In On The Permian

Feb 01, 2019 at 17:23 | Nick Cunningham

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…

Are Automakers Overestimating EV Demand?

Feb 01, 2019 at 17:19 | Irina Slav

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…

U.S. Energy Exports To See Significant Increase

Feb 01, 2019 at 17:16 | Robert Rapier

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…

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