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Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered has predicted global…

News

US Oil To The Rescue As Italy Runs Short On Libya/Iran Challenges

US Oil To The Rescue As Italy Runs Short On Libya/Iran Challenges

Jul 20, 2018 at 17:50 | Julianne Geiger

Libya’s oil disruptions would normally wreak havoc in Italy—one of Libya’s top oil consumers—but the United States is serving as a pinch hitter in the wake of civil unrest in…

Venezuelan Ambassador: Saudis Don’t Have Enough Spare Capacity

Venezuelan Ambassador: Saudis Don’t Have Enough Spare Capacity

Jul 20, 2018 at 17:39 | Julianne Geiger

Despite its supposed promise to the United States to ramp up its oil production in the face of a tightening oil market, Saudi Arabia does not have the capability…

Shell May Finally Get Rid Of Disputed Nigerian Licenses

Shell May Finally Get Rid Of Disputed Nigerian Licenses

Jul 20, 2018 at 13:49 | Damir Kaletovic

Royal Dutch Shell has reportedly started talks for the potential $2-billion sale of two disputed Nigerian oil licenses and their infrastructure assets, according to Bloomberg, after four years…

In Rare Move, Musk Reveals Weekly Production Numbers

In Rare Move, Musk Reveals Weekly Production Numbers

Jul 20, 2018 at 13:26 | Damir Kaletovic

It seems we didn't have to wait too long for Elon Musk's reaction after the note written by top Wall Street analyst Rajvindra Gill from Needham claiming that Tesla is…

New York Dismisses Mayor’s Case Against Big Oil

New York Dismisses Mayor’s Case Against Big Oil

Jul 20, 2018 at 12:06 | Damir Kaletovic

A Manhattan Federal Court judge has dismissed a federal lawsuit filed by mayor Bill de Blasio seeking damages from major oil companies for contributing to climate change, including Superstorm…

Lack Of Wind Leaves UK Turbine Investors Short-Changed

Lack Of Wind Leaves UK Turbine Investors Short-Changed

Jul 20, 2018 at 09:16 | Damir Kaletovic

It’s been a stifling summer of disappointment for investors in the UK’s wind farms, which a heatwave has put at a standstill that’s seen a major drop in power generation…

Tesla Stock Slips On Model 3 Cancellations

Tesla Stock Slips On Model 3 Cancellations

Jul 20, 2018 at 08:09 | Damir Kaletovic

Tesla (TLSA) stock price fell about 2.5 percent, after a Needham analyst, Rajvindra Gill, downgraded it with his concerns about an increasing rate of Model 3 cancellations, profitability concerns, and…

Houthis Say They Targeted Aramco Refinery In Riyadh With Drone

Houthis Say They Targeted Aramco Refinery In Riyadh With Drone

Jul 19, 2018 at 17:36 | Tsvetana Paraskova

The Iran-aligned Houthi rebels in Yemen say that they targeted Saudi Aramco’s refinery in the Saudi capital Riyadh with a long-range drone on Wednesday, Houthi-run media outlet Almasirah reported.…

Sudan, South Sudan Deploy Joint Forces To Protect Oil Fields

Sudan, South Sudan Deploy Joint Forces To Protect Oil Fields

Jul 19, 2018 at 14:36 | Tsvetana Paraskova

South Sudan and Sudan have deployed a joint military force along their border to protect oil fields and pipelines from criminal activity, South Sudan’s Minister of Petroleum Ezekiel Lol Gatkuoth…

Citgo CEO’s U.S. Visa Revoked In Latest Blow To Venezuela

Citgo CEO’s U.S. Visa Revoked In Latest Blow To Venezuela

Jul 19, 2018 at 13:33 | Tsvetana Paraskova

Citgo Petroleum, the U.S. refining unit of troubled Venezuelan state oil firm PDVSA, said that the United States had revoked the U.S. visa of Citgo’s chief executive Asdrubal Chavez,…

Greenpeace Daubs Barclays Logo In Oil Sands Protest

Greenpeace Daubs Barclays Logo In Oil Sands Protest

Jul 19, 2018 at 12:38 | Tsvetana Paraskova

Greenpeace activists staged on Thursday a protest outside the headquarters of UK bank Barclays in London, daubing the logo with a mock oil leak to protest against the lender’s…

U.S.-Backed Forces, ISIS Clash Over Oil-Rich Areas In Syria

U.S.-Backed Forces, ISIS Clash Over Oil-Rich Areas In Syria

Jul 19, 2018 at 11:16 | Tsvetana Paraskova

Clashes between Islamic State militants and U.S.-backed Syrian Democratic Forces (SDF) continue in eastern Syria, where the Islamist terrorists try to keep control over an oil-rich area between the provinces…

Vancouver Sends Its Biggest Oil Shipment To China Since 2015

Vancouver Sends Its Biggest Oil Shipment To China Since 2015

Jul 19, 2018 at 09:15 | Tsvetana Paraskova

A tanker loaded with around 514,000 barrels of oil has set sail from Vancouver en route to China in what is the largest shipment of oil from the Canadian port…

Production Restarting In Libya After Fields Come Back Online

Production Restarting In Libya After Fields Come Back Online

Jul 19, 2018 at 08:55 | Kayrros

Kayrros estimates that more production capacity started to come online at the Elephant oil field and the Sirte basin fields on July 13, reducing total shut-in production in Libya to…

Tesla’s Model 3 Is The Most Profitable EV, Says Early Critic

Tesla’s Model 3 Is The Most Profitable EV, Says Early Critic

Jul 18, 2018 at 15:07 | Tsvetana Paraskova

An automotive consultant who has been critical of the fit and finish of Tesla’s Model 3 is now praising the EV maker’s sedan as a “symphony of engineering” and the…

Meat, Dairy Industry Surpass Big Oil As World’s Biggest Polluters

Meat, Dairy Industry Surpass Big Oil As World’s Biggest Polluters

Jul 18, 2018 at 14:52 | Tsvetana Paraskova

Within the next few decades, Big Meat and Big Dairy could surpass Big Oil as the world’s biggest climate polluters, a new study by non-profit GRAIN and the Institute…

Houston Firm Plans Huge Oil Export Terminal Offshore Texas

Houston Firm Plans Huge Oil Export Terminal Offshore Texas

Jul 18, 2018 at 14:40 | Tsvetana Paraskova

To capitalize on the growing U.S. exports to Asia and Europe, Houston-based Enterprise Products Partners plans to develop an offshore crude oil export terminal off the Texas Gulf Coast…

Libya Declares Force Majeure On Another Oil Port

Libya Declares Force Majeure On Another Oil Port

Jul 18, 2018 at 13:14 | Tsvetana Paraskova

Just a few days after Libya reopened its eastern oil ports and started to ramp up production that had been offline for weeks, the National Oil Corporation (NOC) declared…

EV Sales Growth Is Slowing In Europe

EV Sales Growth Is Slowing In Europe

Jul 18, 2018 at 12:36 | Tsvetana Paraskova

Sales of electric vehicles (EVs) and plug-in hybrids in Europe’s top car markets rose by just 33 percent in the first half this year, compared to a 54-percent surge in…

LNG Projects Will Help Boost Canada’s Ultra Light Oil Production

LNG Projects Will Help Boost Canada’s Ultra Light Oil Production

Jul 18, 2018 at 10:25 | Tsvetana Paraskova

If liquefied natural gas (LNG) projects come on line in British Columbia by 2025, they will also help boost Canada’s production of condensate—the ultralight oil extracted with natural gas—and the…

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