• 35 mins Whitefish Energy Suspends Work In Puerto Rico
  • 2 hours U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 14 hours Thanksgiving Gas Prices At 3-Year High
  • 18 hours Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 20 hours South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 23 hours Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 23 hours Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 1 day Iraq Steps In To Offset Falling Venezuela Oil Production
  • 1 day ConocoPhillips Sets Price Ceiling For New Projects
  • 4 days Shell Oil Trading Head Steps Down After 29 Years
  • 4 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 4 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 4 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 4 days Venezuela Officially In Default
  • 4 days Iran Prepares To Export LNG To Boost Trade Relations
  • 4 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 4 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 5 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 5 days Rosneft Announces Completion Of World’s Longest Well
  • 5 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 5 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 5 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 5 days Santos Admits It Rejected $7.2B Takeover Bid
  • 5 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 6 days Africa’s Richest Woman Fired From Sonangol
  • 6 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 6 days Russian Hackers Target British Energy Industry
  • 6 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 6 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 6 days Lower Oil Prices Benefit European Refiners
  • 6 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 7 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 7 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 7 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 7 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 7 days OPEC To Recruit New Members To Fight Market Imbalance
  • 7 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 7 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 8 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 8 days GE Considers Selling Baker Hughes Assets
Alt Text

Copper Prices Ignited By Chinese Demand Growth

Copper prices saw some gains…

Alt Text

Will Ecuador’s Mining Sector Return To Its Golden Days?

Despite the recent political problems…

Another Nuclear Setback

Another Nuclear Setback

Japan's beleaguered nuclear sector has yet to re-start any reactors damaged by the Tohoku earthquake.

And the country just lost its one remaining operating nuclear plant.

The Oi power plant in western Japan shut down for maintenance last month. Meaning that Japan will be completely without nuclear power during October. The first time this has happened since the 1970s.

Oi is likely to remain offline until at least the end of year. Likely meaning some shifts ahead for global energy demand.

The nuclear outage could give a boost to LNG imports into Japan. Although energy experts Bentek recently said they believe Japanese gas-fired power generation is running at more or less maximum capacity already.

Bentek predicted that Japan's nuclear gap will probably be filled by another fuel: coal.

Indeed, data show that Japan's coal consumption hit a two-year high in August. At nearly 5.7 million tonnes.

If Japanese demand stays brisk, this could be the push the thermal coal market needs to break out of its funk. Interestingly, an increasing number of stories have emerged lately on the phenomenal growth in Indian coal imports. Buyers and investors alike seem to awakening to the fact that supply may be a lot tighter than current prices suggest.

Any firming in prices would likely trigger a rise in beat-up mining stocks. Watch for the beginnings of a rally over the next few months.

Here's to going cold turkey,

By. Dave Forest




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News