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Energy

100-Year Old Tech Could Accelerate Electric Vehicle Boom

Jun 27, 2018 at 15:27 | Tsvetana Paraskova

Electric vehicle makers and legacy automakers have launched in earnest the race to make such EVs so as to win over the public with increased range and powerful batteries. In…

China To Become Most Influential Player In Natural Gas Markets

Jun 27, 2018 at 12:53 | Vanand Meliksetian

The unprecedented economic development of China created serious environmental problems starting in December 1978 after Deng Xiaoping’s ‘opening up policy’. The Asian country transformed from a developing nation into a…

Tesla And GM Close To Capping Out On EV Tax Incentives

Jun 27, 2018 at 10:07 | Jon LeSage

Tesla and General Motors are seeing the beginning of the end for crucial U.S. federal tax incentives needed to transition interested car shoppers into electric vehicle owners. The federal government…

Tehran: Taking Iran’s Oil Out Of The Market Is ‘Impossible’

Jun 27, 2018 at 09:43 | Tsvetana Paraskova

The removal of Iranian oil exports from the global market by November, as the U.S. has asked from its allies, is impossible, an oil official in Iran told the…

Hefty Inventory Draw Boosts Oil Prices

Jun 27, 2018 at 09:41 | Irina Slav

A day after the American Petroleum Institute helped push crude prices even higher by estimating a 9.228-million-barrel draw in U.S. crude oil inventories, the EIA confirmed the draw,…

Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil

Jun 26, 2018 at 17:36 | Nick Cunningham

The Trump administration is going to extreme lengths to disrupt as much oil from Iran as possible, and the implications for the oil market could be severe. When the Obama…

Is The Eagle Ford About To Boom Again?

Jun 26, 2018 at 16:59 | Irina Slav

When the U.S. Geological Survey published its updated resource estimate for the Wolfcamp Basin in the Permian a couple of years ago, it added fresh fuel to an already major…

Saudi Arabia, Kuwait Halt Oil Production In Neutral Zone

Jun 26, 2018 at 15:38 | Tsvetana Paraskova

Oil production the neutral zone between Saudi Arabia and Kuwait has stopped until the parties reach an agreement, Kuwaiti state news agency KUNA reported on Tuesday, citing Kuwait’s Oil…

China Is About To Disrupt Natural Gas Markets

Jun 26, 2018 at 13:11 | Tim Daiss

The Paris-based International Energy Agency (IEA) said in its Gas 2018 annual report on Tuesday that China will become the world’s top natural gas importer, boosted by liquefied natural…

Oil Bulls Are Back On Outages

Jun 26, 2018 at 13:08 | Tom Kool

Fears of another downturn in prices in the lead up to the OPEC meeting are now in the rearview mirror, with oil prices continuing to climb since the announcement. 

Oil Prices Spike Despite Saudi Plan For Unprecedented Oil Export Surge

Jun 26, 2018 at 12:01 | ZeroHedge

Update: So much for any drop in the price after the Saudi production boost report: the market appears far more focused on the news of a potential sharp drop in Iran…

Iran Blames OPEC For Vague Output Agreement

Jun 26, 2018 at 10:48 | Tim Daiss

OPEC and its non-OPEC partners, including Russia, have agreed to increase oil production after meetings on Friday and Saturday. The production increase will start in July by “measurable” supply…

Power Grab In Libya Threatens Oil Industry

Jun 26, 2018 at 09:06 | Irina Slav

The Libyan oil plot jut thickened after the Libyan National Army said it had passed control of the country’s oil ports to a non-officially recognized National Oil Corporation affiliated…

The Bullish Truth Of OPEC’s Agreement

Jun 25, 2018 at 16:17 | Nick Cunningham

Oil prices jumped 5 percent on Friday after the OPEC+ group announced its vague decision to maintain its collective target while lifting country-specific limits on oil production. The result was…

WTI-Brent Spread Narrows On Canada Oil Crisis

Jun 25, 2018 at 15:56 | Nick Cunningham

The difference between WTI and Brent narrowed significantly over the past few days, as the forces driving the two benchmarks apart seemed to have reversed course. For the past few…

Gasoline Price Set To Soar Despite OPEC+ Deal

Jun 25, 2018 at 15:37 | Irina Slav

Nearly everyone expected the OPEC+ decision to start raising oil production on Friday, with U.S. drivers excited to get some relief from high gas prices at the start of driving…

Norway’s Oil Discoveries On Track For Best Year Since 2010

Jun 25, 2018 at 15:37 | Tsvetana Paraskova

Higher oil prices and increased efficiency have made companies more optimistic that they could spend more on exploration on the Norwegian Continental Shelf (NCS) this year than they did in…

The Best Solution For Climate Change

Jun 25, 2018 at 12:55 | Leonard Hyman & William Tilles

If our longer-term goal is to reduce the accumulation of carbon dioxide in the atmosphere (which produces climate change) — there are only four ways to do it. 1) Reduce…

Saudi Oil Minister: OPEC+ Agreement Is Just The Beginning

Jun 25, 2018 at 11:20 | Irina Slav

OPEC’s decision to rein in compliance rates with the 2016 oil production cut deal is “interim”, Saudi Arabia’s Oil Minister Khalid al-Falih said after the meeting as quoted by…

Goldman Blames Canada For WTI Price Spike

Jun 25, 2018 at 10:26 | Tsvetana Paraskova

While all eyes watched the OPEC saga last week, there was an outage in Canada’s oil sands that will cut production at least through July, supporting the U.S. benchmark prices,…

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