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Are Oil Prices Still Too High?

Are Oil Prices Still Too High?

With global oil demand growth…

News

Huge New Field Sends Norway’s Oil Production To 9-Year-High

Huge New Field Sends Norway’s Oil Production To 9-Year-High

Jan 17, 2020 at 16:32 | Tsvetana Paraskova

The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7 percent, data from the…

France Helps Saudi Arabia Protect Oil Facilities From New Attacks

France Helps Saudi Arabia Protect Oil Facilities From New Attacks

Jan 17, 2020 at 16:29 | Tsvetana Paraskova

France has deployed a radar system on Saudi Arabia’s eastern coast that faces the Persian Gulf to help the Kingdom protect its vital oil infrastructure, which was hit by attacks…

US Oil Production To Grow While Energy Emissions Are Set To Drop 

US Oil Production To Grow While Energy Emissions Are Set To Drop 

Jan 17, 2020 at 13:21 | Tsvetana Paraskova

While U.S. crude oil production is set to continue to rise, energy-related carbon dioxide (CO2) emissions in America are expected to have dropped last year and to continue falling through…

Japanese Only Operational Nuclear Reactor Shut, Increasing Fuel Costs

Japanese Only Operational Nuclear Reactor Shut, Increasing Fuel Costs

Jan 17, 2020 at 12:52 | Tsvetana Paraskova

A Japanese high court has ordered local utility Shikoku Electric Power Company to continue idling its only operational nuclear reactor until the company provides a satisfactory proof that the…

Angola Set To Finally Boost Its Oil Production

Angola Set To Finally Boost Its Oil Production

Jan 17, 2020 at 11:47 | Tsvetana Paraskova

After years of declines in crude oil production, one of OPEC’s largest African producers, Angola, is finally about to see its production rising in the coming years, with several new…

Gas Deliveries At Sabine Pass LNG Plant Fall Due of Fog

Gas Deliveries At Sabine Pass LNG Plant Fall Due of Fog

Jan 17, 2020 at 10:27 | Irina Slav

A dense fog in the area of the Sabine Pass LNG facility in Louisiana has suffered reduced supplies of natural gas and limited tanker movement, S&P Global Platts reports,…

Trans Mountain Expansion Scores Big Win In Court

Trans Mountain Expansion Scores Big Win In Court

Jan 17, 2020 at 09:50 | Irina Slav

Canada’s Supreme Court has dismissed an appeal by British Columbia that aimed to stop work on the controversial Trans Mountain pipeline expansion project, Bloomberg reports, adding that the decision…

India May Significantly Boost U.S. Oil Imports

India May Significantly Boost U.S. Oil Imports

Jan 16, 2020 at 15:34 | Tsvetana Paraskova

India and the United States will discuss India’s energy security and the Asian country buying increased volumes of U.S. crude oil when U.S. President Donald Trump and Indian Prime Minister…

Number Of DUC Wells Plunges In Latest Sign Of Shale Distress

Number Of DUC Wells Plunges In Latest Sign Of Shale Distress

Jan 16, 2020 at 12:15 | Tsvetana Paraskova

Over the past six months, the number of drilled but uncompleted (DUC) wells across the U.S. shale patch has been steadily declining in a fresh sign that shale producers have…

IEA: There Won’t Be A Low-Sulfur Fuel Oil Crisis

IEA: There Won’t Be A Low-Sulfur Fuel Oil Crisis

Jan 16, 2020 at 11:43 | Tsvetana Paraskova

Supply of shipping fuels compliant with the stricter, low-sulfur, regulations are growing at a fast pace and are at adequate levels at the key hubs around the world, the International…

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