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America Is Growing Wary of the Renewable Energy Boom

America Is Growing Wary of the Renewable Energy Boom

The US renewable energy sector…

New Bitcoin Whales Emerge in the Corporate World

New Bitcoin Whales Emerge in the Corporate World

MicroStrategy is the world's largest…

News

Daimler AG’s Hometown Steers Away From Fossil Fuel Investment

Daimler AG’s Hometown Steers Away From Fossil Fuel Investment

Aug 18, 2016 at 12:53 | Lincoln Brown

The city of Stuttgart, Germany, home of the automaker Daimler AG, has announced that it plans to divest itself from companies that are not environmentally compliant. Stuttgart…

Nigerian Oil Output Falls To 1,56 Mbpd – 4 Blends Remain Under Force Majeure

Nigerian Oil Output Falls To 1,56 Mbpd – 4 Blends Remain Under Force Majeure

Aug 18, 2016 at 11:31 | Lincoln Brown

Attacks by militant have caused a drop in the oil output from Nigeria. Oil Minister Emmanuel Ibe Kachikwu stated while in Lagos that production had fallen to 1.56 million…

Premier Oil Turns to Profit, But Debt-Deal Talks Drag On

Premier Oil Turns to Profit, But Debt-Deal Talks Drag On

Aug 18, 2016 at 09:43 | Tsvetana Paraskova

Boosted by asset acquisitions and weaker sterling after the Brexit vote, the UK’s biggest independent oil producer Premier Oil reported on Thursday a return to profit in…

Argentina Reneges on Lower Oil Prices Promise

Argentina Reneges on Lower Oil Prices Promise

Aug 18, 2016 at 08:31 | Irina Slav

The Argentine government has gone back on a promise to cut crude oil prices, after last week it emerged it had reached an unofficial agreement with oil…

South Sudan “At Peace” Aims For 500,000 Bpd Oil Production

South Sudan “At Peace” Aims For 500,000 Bpd Oil Production

Aug 18, 2016 at 07:06 | Irina Slav

The government of South Sudan is determined to ramp up crude oil production by November, so it can start exporting fuels to neighboring Ethiopia, Petroleum Minister Ezekiel Lol Gatkuoth

Economy Of Alberta Hit Hard By Low Oil Prices

Economy Of Alberta Hit Hard By Low Oil Prices

Aug 17, 2016 at 16:40 | Erwin Cifuentes

The Canadian province of Alberta has been hurt by the low price of oil that has fallen from at least US$105 per barrel in mid-2014 to current…

One Of The World’s Top Oil Traders Is An Olympic Hopeful

One Of The World’s Top Oil Traders Is An Olympic Hopeful

Aug 17, 2016 at 14:02 | Tsvetana Paraskova

A millionaire oil trader at Geneva-based Trafigura—the world's third-largest private oil and metals trader—is jumping for a medal in the Rio Olympics, competing for Argentina in an equestrian…

Moscow Delays Bashneft Privatization for 2017

Moscow Delays Bashneft Privatization for 2017

Aug 17, 2016 at 12:42 | Irina Slav

The planned sale of a majority stake in state-owned oil company Bashneft has been postponed until 2017. Among the reasons cited for the decision was the unfavorable…

Oil Pipelines In Louisiana May Soon Be Buried At Sea

Oil Pipelines In Louisiana May Soon Be Buried At Sea

Aug 17, 2016 at 11:11 | Lincoln Brown

Louisiana’s shrinking coastline is causing headaches for the oil industry in that state, as an eroding coast and rising sea waters are threatening oil infrastructure. The coastline…

ISIS Loses Sirte Stronghold, But Can Rival Governments Remain In Control?

ISIS Loses Sirte Stronghold, But Can Rival Governments Remain In Control?

Aug 17, 2016 at 10:15 | Zainab Calcuttawala

The Libyan military, supported by American airstrikes, announced the takeover of the last areas of Sirte under Islamic State control on Tuesday. Libya’s newly formed Government of National…

Oil Retreats Expecting Fed Minutes, Inventory Data

Oil Retreats Expecting Fed Minutes, Inventory Data

Aug 17, 2016 at 08:58 | Tsvetana Paraskova

Ending a several-day-running-streak, oil prices are retreating from five-week-highs on Wednesday as the U.S. dollar bounced back with traders betting on hawkish Fed minutes and awaiting the official…

API: Drop in US Crude Oil Stocks, But Surprise Gasoline Build

API: Drop in US Crude Oil Stocks, But Surprise Gasoline Build

Aug 16, 2016 at 17:01 | Charles Kennedy

U.S. crude oil inventories are down just over 1 million barrels for the week ended 12 August, according to the weekly American Petroleum Institute (API) report, but U.S.…

Native Americans Locked in Standoff with Dakota Access Pipeline

Native Americans Locked in Standoff with Dakota Access Pipeline

Aug 16, 2016 at 16:47 | Tsvetana Paraskova

Hundreds of Native Americans have been protesting against the construction of the Dakota Access pipeline in North Dakota, with the protests leading to arrests and the developers filing restraining…

UK Approves The World’s Largest Offshore Wind Farm

UK Approves The World’s Largest Offshore Wind Farm

Aug 16, 2016 at 16:36 | Tsvetana Paraskova

The UK’s Business and Energy Secretary, Greg Clark, approved on Tuesday the development of the world’s largest offshore wind farm, Hornsea Project Two, which will take up…

UBS Sees OPEC Production Falling This Month

UBS Sees OPEC Production Falling This Month

Aug 16, 2016 at 13:53 | Tsvetana Paraskova

Analysts at UBS warned on Tuesday that OPEC’s crude oil production may fall this month—after having hit an eight-year-high in July—as attacks and growing unrest in Iraq,…

The World’s Biggest Miner Just Posted Its Worst-Ever Loss

The World’s Biggest Miner Just Posted Its Worst-Ever Loss

Aug 16, 2016 at 13:32 | Tsvetana Paraskova

BHP Billiton (NYSE:BHP) reported on Tuesday a massive loss of US$6.385 billion for the fiscal year ended June 30, after multi-billion impairments on U.S. shale assets…

Nigeria Oil Losses Reach 900,000 Bpd Due to Militant Attacks

Nigeria Oil Losses Reach 900,000 Bpd Due to Militant Attacks

Aug 16, 2016 at 11:06 | Irina Slav

Nigeria’s losses in daily oil production due to militant attacks have hit 900,000 barrels, said Petroleum Minister Ibe Kachikwu, speaking to CNN. He added that the federal…

Gas Leaks Cause Methane Buildup in Southwest U.S.

Gas Leaks Cause Methane Buildup in Southwest U.S.

Aug 16, 2016 at 09:20 | Irina Slav

The U.S. Southwest has become the location of a significant buildup of methane, a popular greenhouse gas, and the buildup was caused by natural gas leaks, scientists…

Has T. Boone Pickens Timed the Oil Market Just Right?

Has T. Boone Pickens Timed the Oil Market Just Right?

Aug 15, 2016 at 17:46 | Charles Kennedy

It’s a tough business right now for oil and gas companies, with some companies faring better than others with most majors releasing in-the-red second quarter financials, but business…

Mexico Pursues World’s Largest Sovereign Petroleum Hedge

Mexico Pursues World’s Largest Sovereign Petroleum Hedge

Aug 15, 2016 at 17:19 | Zainab Calcuttawala

In what sources say could amount to the “world’s largest sovereign petroleum hedge,” Mexico has been buying oil contracts throughout this summer to lock in 2017 oil…

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