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StanChart: Oil Demand Set for All-Time High in May

StanChart: Oil Demand Set for All-Time High in May

Standard Chartered: global demand will…

Breakthrough Catalyst Turns Sewage Into Clean Energy

Breakthrough Catalyst Turns Sewage Into Clean Energy

Scientists developed a catalyst that…

Energy

Statoil Sues Researcher For Allegedly Stealing Secret Frack Tech

Feb 23, 2017 at 16:36 | Tsvetana Paraskova

As the no-holds-barred race to advance fracking technology intensifies, Norway’s Statoil finds itself on the front line as it sues its former researcher for allegedly stealing trade secrets in the…

Gasoline Glut Remains The Biggest Red Flag For Oil Markets

Feb 23, 2017 at 15:44 | Nick Cunningham

In a sign that the gasoline glut is not going away, U.S. refiners are succumbing to poor market conditions, reluctantly moving to cut back on production as they drown in…

The U.S. Nuclear Energy Dream Is Dying

Feb 23, 2017 at 15:06 | Michael McDonald

The United States was once a projected leader in the nuclear energy race. In the 20th century, the world dreamed of finding a way to provide safe, cheap, and renewable…

Why Oil Demand Forecasts Have Become A Guessing Game

Feb 23, 2017 at 15:04 | Peter Tertzakian

Get yourself a ruler, a pencil and a piece of paper. Place the ruler at about 45 degrees and draw a line upward across the page. That’s what a chart…

Goldman Sachs: Global Oil Inventories To Continue Dropping

Feb 23, 2017 at 14:15 | Tsvetana Paraskova

Although crude oil inventories in the U.S. are expected to rise, the global oil market is showing signs of tightness and will continue to see crude stocks draw down, Goldman…

Did Oil Inventories Just Peak?

Feb 23, 2017 at 13:28 | Matt Smith

After a bullish-tilted weekly EIA report, crude is holding onto gains - and once again bumping its head on the top of its trading range. As OPEC cuts and rising…

Why A Weaker Dollar Won’t Boost Oil Prices

Feb 23, 2017 at 11:27 | Rakesh Upadhyay

The U.S. dollar, along with a variety of other factors, used to be an important component in deciding the direction of oil prices. This was true for the period between…

EIA Reports Minor Build In Crude Inventories, Draw In Gasoline Stocks

Feb 23, 2017 at 10:22 | Irina Slav

After three straight weeks of builds in commercial oil inventories, today, the EIA had some more bad news for traders. The authority reported a build of 600,000 barrels, a…

Non-OPEC Compliance Rate Rises To 60%

Feb 23, 2017 at 09:50 | Tsvetana Paraskova

The non-OPEC producers that have signed up to the supply-cut deal forged by OPEC to boost oil prices and rebalance the market have been improving on their initially low compliance…

Oil To $70? Or Down To $30?

Feb 22, 2017 at 16:55 | Nick Cunningham

Will oil prices rise to $70 per barrel this year or fall to $30? Depends on who you ask. Oil price forecasts are always all over the map, but the…

Can The U.S. Dominate LNG Markets?

Feb 22, 2017 at 16:33 | Gregory Brew

American energy exports hit a new high in early 2017, contributing 7 million barrels of crude to markets abroad in the first week of February. Meanwhile,

The Discounts Are Over: U.S. Shale Is About To Get More Expensive

Feb 22, 2017 at 15:54 | Nick Cunningham

The U.S. oil rig count has surged for the better part of three quarters, rising by 281 rigs since bottoming out in May 2016, an increase of nearly 90 percent.…

Record Gasoline Glut Is Causing Problems On The East Coast

Feb 22, 2017 at 14:13 | Tsvetana Paraskova

The U.S. East Coast traditionally relies on imports from east Canada and Europe to fill in its gasoline demand. However, these days the gasoline glut in the New York area…

Battery Wars – China Beating Tesla In The Gigafactory Race

Feb 22, 2017 at 14:00 | MINING.com

Tesla’s Gigafactory 1 has been a center of attention for people interested in the growing momentum behind green energy, electric cars, and battery production. Therefore, it is no surprise that…

Unsatisfied With Oil Prices, Iraq Calls For New OPEC Meeting

Feb 22, 2017 at 13:38 | Tsvetana Paraskova

Iraq thinks that OPEC should hold a new meeting to discuss the cartel’s oil production cuts, given the fact that the current oil prices are still below expected levels, according…

Oil & Gas M&A Just Broke All Records

Feb 22, 2017 at 12:01 | Dave Forest

I talked yesterday about prime oil and gas assets coming for sale in Asia. And some new data this week shows it’s not just that part of the world…

Oil Prices Fall As Gasoline Glut Takes Its Toll

Feb 22, 2017 at 09:41 | Matt Smith

Crude prices are selling off today while gasoline holds up relatively better, as refiners playing 'pass the parcel' betwixt the two. As refiners make economic run cuts due to lower…

Natural Gas Bulls Crushed As Prices Tank

Feb 21, 2017 at 16:11 | Nick Cunningham

Natural gas prices plunged to their lowest level since November on mild weather in the U.S., which has caused storage levels to decline at a much slower pace than…

As Haftar Moves Closer To Russia, Will Libya Become The Next Syria?

Feb 21, 2017 at 16:04 | Zainab Calcuttawala

Libya’s returning oil wealth could bring back cheap fuel, food and foreign goods in a subsidy-based system in the most optimistic scenario. But as oil prices and production rise, the…

Oversupply Fears Grow As U.S. Oil Exports Hit Record High

Feb 21, 2017 at 14:13 | Michael McDonald

U.S. oil producers contributed a record 7 million barrels of crude oil to international markets during the Week of February 5th, 2017, approximately one million barrels per day. This…

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