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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Self-Heating Concrete Paves the Way for Easier Winters

Self-Heating Concrete Paves the Way for Easier Winters

Drexel University researchers successfully tested…

EPA’s New Car Emission Standards Doom the Gasoline Car

EPA’s New Car Emission Standards Doom the Gasoline Car

This week, the Environmental Protection…

Energy

Iran Could Lose 500,000 Bpd If Trump Trashes Deal

Mar 01, 2018 at 17:35 | Nick Cunningham

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…

U.S. Sanctions Could Be The Final Nail In The Coffin For Venezuelan Oil

Mar 01, 2018 at 17:04 | Nick Cunningham

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,…

MIT's Miracle Energy Breakthrough

Mar 01, 2018 at 14:55 | Irina Slav

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…

U.S. Gasoline Consumption Falls For The First Time In Five Years

Mar 01, 2018 at 14:50 | Zainab Calcuttawala

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 Bolsters Earthquake Protocol For Frackers

Mar 01, 2018 at 13:37 | Tsvetana Paraskova

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…

EIA’s Shocking U.S. Oil Production Predictions

Mar 01, 2018 at 10:59 | Robert Rapier

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 Withdraws From Most Russian Exploration Projects

Mar 01, 2018 at 09:16 | Irina Slav

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…

U.S. Looks To Dethrone Russia As Top Oil Producer

Feb 28, 2018 at 17:40 | Tsvetana Paraskova

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 Aviation Industry Is Backing Biofuels

Feb 28, 2018 at 16:50 | Irina Slav

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…

Kurdish-Iraqi Deal Could Restore Oil Production

Feb 28, 2018 at 14:21 | Nick Cunningham

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…

Should OPEC And U.S. Shale Collaborate For Survival?

Feb 28, 2018 at 13:49 | Salman Ghouri

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…

Investors Demand A Payday: Do Shale Companies Agree?

Feb 28, 2018 at 13:36 | Lindsay Redifer

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…

The Endless Opportunities For U.S. Oil Exports

Feb 28, 2018 at 11:45 | Jude Clemente

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 Expect Oil Prices To Rise This Year

Feb 28, 2018 at 10:29 | Irina Slav

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…

Oil Prices Head Lower As Crude, Gasoline Inventories Rise

Feb 28, 2018 at 09:40 | Irina Slav

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…

Something Unexpected Just Happened In LNG Markets

Feb 27, 2018 at 17:23 | Tim Daiss

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…

Trump’s Gas Tax Hike Could Make Californian Fuel Cheaper

Feb 27, 2018 at 17:00 | Irina Slav

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…

How Oil Trade Is Getting An Efficiency Boost

Feb 27, 2018 at 16:01 | Tsvetana Paraskova

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…

Is Centrica’s Business Model Sustainable?

Feb 27, 2018 at 14:11 | Leonard Hyman & William Tilles

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…

OPEC Looks To Dial Back Production Cuts

Feb 27, 2018 at 13:06 | Tom Kool

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.

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