Drexel University researchers successfully tested…
In an exclusive interview with…
This week, the Environmental Protection…
Declining oil production from Venezuela is all but assured this year, but another OPEC member presents another supply risk to the market: Iran. Conflict between the U.S. and Iran is…
The White House is looking at slapping sanctions on a Venezuelan oil services company while also restricting insurance for oil shipments from the South American country, among other possible measures,…
A black box has been sitting on the roof of a Massachusetts Institute of Technology building for the last few months. Beside it sits a weather monitoring system and a…
In 2017, American gasoline consumption fell for the first time in five years, according to a new report by Bloomberg. While it was a fall, the fall was quite…
Oklahoma has witnessed a surge in earthquakes over the past decade. Regulators and scientists largely agree that the higher seismic activity is associated with the injection of wastewater from oil…
Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose…
Exxon has decided to withdraw from most of its joint oil and gas exploration activities with Russian Rosneft, giving in to the pressure of U.S. and EU sanctions against…
Just a few years ago, hardly anyone expected that that the U.S. would be competing with the world’s top oil producers for the number 1 spot. Yet, thanks to the…
The International Air Transport Association has set an ambitious goal for its members: transporting a billion passengers on flights using biofuel by 2025. The goal is a demonstration of…
Iraq’s oil production could begin to rise after a tentative deal was agreed to by the Kurdish Regional Government and the central government in Baghdad. The two sides reached an…
Oil and gas is a trillion dollar industry, and every actor within it, be it national oil companies, multinationals, independents or oilfield services companies, has a stake in oil and…
While the oil boom continues into 2018, investors who got into shale in time for the jump are anxious about their future payout – a payout that doesn’t seem to…
Once unthinkable, in December 2015 the U.S. decided to lift the nation’s 40-year ban on crude oil exports driven by a boom in domestic shale, tight oil production. Until then, crude…
Analysts polled by Reuters expect higher oil prices this year, confident that OPEC and Russian cuts will offset growing U.S. production. Brent crude, analysts expect, will now average US$63…
A day after the American Petroleum Institute gave oil bulls a cold shower by reporting a 933,000-barrel build in crude oil inventories on top of a gasoline build, the…
In the increasingly topsy-turvy world of liquefied natural gas (LNG) markets, the world’s largest LNG importer could soon be exporting the super-cooled fuel to the world’s second largest LNG exporter…
No one likes to hear news about higher taxes. Californians got just that kind of news last year, when Governor Jerry Brown signed a 40-percent increase in the state gas…
In the world of growing oil demand, lower oil prices, and increased digitalization, oil traders and oil firms continue to push for efficiency gains—the favorite buzzword during the downturn. Energy…
The UK’s biggest energy retailer, Centrica had another bad year. Earnings and operating profits declined. And since 2015 Centrica’s share price has almost halved. So, what is the problem? Selling…
Last week’s surprise drawdown in crude inventories may be the last for a while, as analysts are expecting a reversal in stocks this week.