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The Novel Material Revolutionizing Energy Storage

The Novel Material Revolutionizing Energy Storage

Washington University in St. Louis…

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

U.S. supermajors ExxonMobil and Chevron,…

Energy

Oil Prices Hold Steady As U.S., Canadian Oil Rig Count Take Steep Dive

Dec 07, 2018 at 12:20 | Julianne Geiger

Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week—a loss in rigs for the second week in a row, with a 10-rig decrease…

Libyan Oil Production Falls 300,000 Bpd In December

Dec 07, 2018 at 09:30 | Irina Slav

Libya’s crude oil production has fallen by about 300,000 bpd since the start of this month on the back of oil export terminal shutdowns amid harsh weather and full storage…

Oil Soars After OPEC And Partners Reach Deal

Dec 07, 2018 at 09:21 | Tsvetana Paraskova

Oil prices shot up on Friday after the stubborn holdout Iran agreed to have OPEC reduce oil production by a total of 800,000 bpd, while non-OPEC nations, led by…

Oil Price Slide Puts The Brakes On U.S. Shale Growth

Dec 06, 2018 at 17:21 | Tsvetana Paraskova

While U.S. President Donald Trump continues to call on OPEC to keep oil prices low, because “The World does not want to see, or need, higher oil prices!”, one…

Why Iraq Is Crucial To U.S. Sanctions On Iran

Dec 06, 2018 at 17:11 | Irina Slav

Iraq, OPEC’s second-largest oil producer and one of Iran’s largest trade partners might come to enjoy even longer sanction waivers from Washington than the eight countries that scored a 180-day…

U.S. Becomes Net Oil Exporter For First Time In 75 Years

Dec 06, 2018 at 15:35 | Tsvetana Paraskova

The United States became a net oil exporter last week for the first time in 75 years, and even if it is likely to be for just one week,…

Is This The Next Big Petrochemical Hub In The U.S.?

Dec 06, 2018 at 13:47 | Nick Cunningham

The U.S. government wants to help build a petrochemical hub in Appalachia, one that could rival, or complement, the concentration of petrochemical facilities on the Gulf Coast. The shale gas…

The Race Is On For Philippines’ First LNG Terminal

Dec 06, 2018 at 13:41 | Tim Daiss

News coming out of the Philippines is that yet another group of companies is trying to be the first to build a working liquefied natural gas (LNG) receiving terminal in…

Oil Prices Crash As OPEC+ Scrambles At 11th Hour

Dec 06, 2018 at 11:46 | Nick Cunningham

Oil prices crashed early Thursday, as OPEC failed to reveal a solid agreement in Vienna, at least not yet. After hours of meetings, OPEC cancelled its news conference,

Oil Prices Tank Despite Large Crude Draw

Dec 06, 2018 at 10:12 | Irina Slav

As oil markets hold their breath for OPEC+’s announcement of the final production cuts to take place starting next year, the Energy Information Administration served a nice surprise to oil…

Joint OPEC+ Committee Recommends Cuts

Dec 06, 2018 at 08:59 | Irina Slav

The joint ministerial committee of OPEC and non-OPEC ministers that oversaw the production cuts from 2017 and the first half of this year has once again recommended that the cartel…

Is This The Most Crucial Factor For Oil In 2019?

Dec 05, 2018 at 16:10 | Nick Cunningham

The oil market is understandably in a state of suspense this week, eagerly fixated on the events unfolding in Vienna. But regardless of what happens, the market is in for…

Could Iraq Be The Next OPEC Member To Exit?

Dec 05, 2018 at 16:04 | Tim Daiss

Even more cracks may be forming within OPEC, even as market pundits continue to analyze Qatar’s decision two days ago to withdraw from the oil producing cartel. Michael Cohen,…

U.S. Shale Struggles As Oil Prices Drop

Dec 05, 2018 at 14:02 | Nick Cunningham

The explosive production growth in the U.S. shale patch has surprised even the most optimistic forecasters, but the huge jumps in output belies and obscures the financial state of the…

World Bank Warns Of Extreme Volatility In Oil Markets

Dec 05, 2018 at 13:16 | Irina Slav

After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year because of…

U.S. Oil Majors To Break “The Contract Of The Century”

Dec 05, 2018 at 12:49 | Tsvetana Paraskova

Since the oil industry started to recover from the 2014 price crash, U.S. supermajors ExxonMobil and Chevron have been re-aligning their global operations with their longer-term priorities, betting more on…

Libya Closes All Oil Ports, Expects To Shut-In 150,000 Bpd

Dec 05, 2018 at 11:11 | Tsvetana Paraskova

Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half of the oil production…

The U.S. Pipeline Industry Is Booming

Dec 05, 2018 at 10:48 | Vanand Meliksetian

Every once in a while, a new technological development shakes up a conservative sector. In the oil and gas industry, the shale revolution has changed the business in multiple ways.…

Iran: Don’t Count On A New OPEC Deal

Dec 05, 2018 at 10:31 | Irina Slav

OPEC’s meeting this Thursday in Vienna may not lead to an agreement to start reducing production, Iran’s OPEC governor said, as quoted by S&P Global Platts. Hossein Kazempour Ardebili…

Alberta Production Cuts Send Canadian Crude Soaring

Dec 05, 2018 at 09:08 | Irina Slav

Canadian crude oil shot up by 35 percent on Monday, narrowing the huge gap with West Texas Intermediate thanks to a controversial decision by the Alberta government to impose production…

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