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Oil Prices Are Rallying Once Again

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Energy

The Billion Dollar Fuel Mandate Gone Wrong

Feb 21, 2018 at 12:48 | Robert Rapier

This year begins the ninth year of cellulosic ethanol mandates in the U.S. Today I want to give a brief review of cellulosic ethanol, review the original targets, and examine…

Toyota Finds A Way To Make Cheaper EVs

Feb 21, 2018 at 12:12 | MINING.com

Toyota Motor Corp, Asia’s No.1 carmaker, has found a way to make electric vehicles (EVs) more affordable and less vulnerable to shortages in supply of the key elements needed to…

Saudis Ready To Swing Oil Market Into Deficit

Feb 21, 2018 at 11:55 | Irina Slav

Saudi Arabia is undergoing a truly seismic shift in its economy, politics, and society, all thanks to the oil price crash of 2014. Crown Prince Mohammed bin Salman, commonly referred…

An Unlikely Challenger In The Electric Car Race

Feb 21, 2018 at 10:49 | Metal Miner

Initially, electric and now the development of autonomous cars has been a major disrupter for the auto industry, the effects of which we have only just begun to see. Traditional…

Frac Sand Shortage Threatens Shale Boom

Feb 20, 2018 at 16:57 | Nick Cunningham

Higher drilling costs could threaten the recent surge in United States shale production.  Halliburton said last week that its earnings could be negatively impacted because of bottlenecks related to the…

5 Record Breaking Gemstones Even Billionaires Can’t Buy

Feb 20, 2018 at 16:51 | Charles Kennedy

As Elizabeth Taylor once said: “I adore wearing gems, but not because they are mine. You can't possess radiance, you can only admire it.” It’s a good philosophy, because when…

Brazil’s Coming Oil Boom Will Weigh On Oil Prices

Feb 20, 2018 at 16:24 | Matthew Smith

It has been an appalling few years for Brazil’s energy patch. Weaker oil prices, sweeping corruption scandals and the worst economic downturn ever have sharply impacted the nation’s oil industry…

U.S. Crude Exports Hit A Major Milestone

Feb 20, 2018 at 14:45 | Tsvetana Paraskova

“There could not be a better time to offer this service as domestic production surpasses 10 million barrels per day in the ever-dynamic global crude oil market,” Tom Shaw, president…

Oil Prices Diverge On Mixed Data

Feb 20, 2018 at 13:33 | Tom Kool

WTI received a boost at the start of the week as Cushing inventories have dwindled amid greater pipeline connections and reduced flows from Canada. Exports are also up. Meanwhile, Brent…

Oil Price Rally May Not Be Enough To Help Canadian Drillers

Feb 20, 2018 at 11:59 | Lindsay Redifer

Oil producers in Alberta, Canada had the headache of high supply next to thin margins this week, but a quick price rally brought a moment of relief — though experts…

U.S., Canada Face Off For LNG Dominance

Feb 20, 2018 at 10:53 | Jude Clemente

Considering that the North American shale revolution is the key global energy development of the past decade, it’s surprising that Canada’s natural gas production has actually been falling. Canada is…

Payment Delays Could Jeopardize Libya’s Oil Production

Feb 20, 2018 at 09:23 | Irina Slav

Delays in budget payments to the National Oil Corporation of Libya could threaten the country’s oil production, NOC’s chairman Mustafa Sanalla said in a statement. “The entire sector is suffering…

Saudi Arabia Wants $70 Oil

Feb 19, 2018 at 16:50 | Nick Cunningham

As the global oil inventory surplus narrows and the goal of the OPEC cuts is within reach, the oil cartel is mulling a change in the way it defines success,…

India Will Lead Global Oil Demand By 2035

Feb 19, 2018 at 16:39 | Tsvetana Paraskova

Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts. But in…

Canada’s Oil Crisis Continues To Worsen

Feb 19, 2018 at 16:26 | Irina Slav

Canadian oil producers can’t get a break. First it was the pipelines — there are not enough of them to carry the crude from Alberta’s oil sands to export markets.…

Is Nigeria Breaking Its Promise To OPEC?

Feb 19, 2018 at 14:06 | Haley Zaremba

As OPEC allies push to restrict oil output in an international attempt to bolster crude prices, Nigerian producers are heading in the opposite direction, aspiring to increase output by 250,000…

Is The Yamal LNG Project Overhyped?

Feb 19, 2018 at 14:04 | Maria Shagina

In December 2017, Novatek launched its much-praised Yamal LNG in the Arctic Circle. Despite difficult permafrost conditions and financial limitations imposed by U.S. sanctions, Yamal LNG was finished on time…

The End Of The LNG Glut

Feb 19, 2018 at 10:55 | Alan Mammoser

Predicting Demand is Difficult Many reputable forecasters, who've anticipated an LNG supply glut for years, now expect a brief period of surplus at most, and gradual market tightening after 2020.…

U.S. Plans Largest Ever Oil & Gas Lease Sale In Gulf Of Mexico

Feb 19, 2018 at 09:18 | Zainab Calcuttawala

The largest oil and gas lease sale for waters in the Gulf of Mexico in U.S. history will occur on March 21st, according to an announcement by the Trump…

OPEC And Shale Keep Oil Prices Between $60-$75

Feb 16, 2018 at 17:16 | Nick Cunningham

The interaction between U.S. shale and OPEC will continue to be the dominant narrative in the oil market this year, and the opposing forces could end up trapping oil prices…

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