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Are Oil Stocks Close To A Breakout?

Are Oil Stocks Close To A Breakout?

As oil markets continue to…

World Class Copper Auction Draws Major Interest

World Class Copper Auction Draws Major Interest

Peru’s mega Michiquillay copper is…

OPEC Favors 9-Month Extension Of Production Cut Agreement

OPEC Favors 9-Month Extension Of Production Cut Agreement

According to Reuters sources, OPEC…

News

Tesco Hope to Reduce Energy Consumption by 30% with Fully LED Store

Tesco Hope to Reduce Energy Consumption by 30% with Fully LED Store

Sep 12, 2012 at 17:15 | Joao Peixe

Tesco is set to open its first ever Express supermarket in which all light bulbs have been replaced with low energy LED lights. Tesco expect that using LED bulbs will…

Why Petroleum and Gasoline Usage have Fallen

Why Petroleum and Gasoline Usage have Fallen

Sep 12, 2012 at 17:14 | Editorial Dept

Another summer is gone. How much gasoline was used vs. the same months in prior years? These charts from Tim Wallace have the answer.Total Petroleum Usage

Masdar Looking to Invest in Solar Power in Saudi Arabia

Masdar Looking to Invest in Solar Power in Saudi Arabia

Sep 11, 2012 at 17:04 | Joao Peixe

Whilst top oil exporters from the Middle East are no rookies when it comes to investing in renewable energy projects, they very rarely develop installations in their own countries.

One Step Closer to Harvesting the Abundant Reserves of Methane Hydrates

One Step Closer to Harvesting the Abundant Reserves of Methane Hydrates

Sep 11, 2012 at 17:02 | James Burgess

The world of natural gas may be in for a big change; in fact the whole energy world could change.Methane hydrates are the most abundant source of fossil…

Israeli Prime Minister Says the US has No Right to Prevent a Strike Against Iran

Israeli Prime Minister Says the US has No Right to Prevent a Strike Against Iran

Sep 11, 2012 at 17:01 | Joao Peixe

Hillary Clinton recently stated that the US will not set any deadlines on its negotiations with Iran. This has led the Israeli Prime Minister, Benjamin Netanyahu, to reply with, “the…

Chevron Oil Refinery Fire: Air Monitoring Mistakes Delayed Public Warning

Chevron Oil Refinery Fire: Air Monitoring Mistakes Delayed Public Warning

Sep 11, 2012 at 17:00 | Charles Kennedy

Officials investigating the fire at Chevron’s California oil refinery last month, have stated that those in charge of monitoring the air quality, made mistakes which led to a failure of…

US Trade Deficit Increased to $42 Billion in July

US Trade Deficit Increased to $42 Billion in July

Sep 11, 2012 at 16:59 | Editorial Dept

The Department of Commerce reported: [T]otal July exports of $183.3 billion and imports of $225.3 billion resulted in a goods and services deficit of $42.0 billion, up from $41.9 billion…

BP Sell Gulf of Mexico Oil Fields for $5.55 Billion

BP Sell Gulf of Mexico Oil Fields for $5.55 Billion

Sep 10, 2012 at 17:38 | James Burgess

Following the Macondo Well oil spill in 2010 BP set itself the target of raising $38 billion in cash through divestitures before the end of 2013, they have just announced…

Afghanistan's Natural Resources Could Spark Civil War

Afghanistan's Natural Resources Could Spark Civil War

Sep 10, 2012 at 17:37 | Joao Peixe

It is estimated that Afghanistan contains reserves of natural resources, such as oil, gold, iron ore, copper, lithium, etc., which could be worth trillions of dollars, and offers hope for…

Shell Have Begun Preparatory Drilling in the Chukchi Sea

Shell Have Begun Preparatory Drilling in the Chukchi Sea

Sep 10, 2012 at 17:36 | Joao Peixe

Shell released a statement to announce that at the end of August it started preparatory drilling in the Chukchi Sea, about 90 miles off the Alaskan North Slope.“Today…

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