Article Archive | Page 1097

Jul 21, 2017 at 16:35

U.S. responsible for 40 percent of the world’s new gas production by 2022: IEA A report by the EIA indicated that coal exports—for both steam coal, used for power…

Jul 21, 2017 at 16:33

Barely a week passed after Kyrgyzstan triumphantly declared it had struck a deal with an international company willing to take up one of its ambitious hydropower projects for the agreement…

Jul 21, 2017 at 16:33

Early last month BP and its Spanish partner Repsol announced that their joint venture, BP Trinidad and Tobago (BPTT), had made significant gas finds in fields off the coast of…

Jul 21, 2017 at 16:28

A new World Bank report released today highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals. Using…

Jul 21, 2017 at 16:26

Mexico’s National Center for Natural Gas Control (CENAGAS) conducted its first open season for capacity rights to its natural gas pipeline grid. The auction took place in May 2017. In…

Jul 21, 2017 at 16:11

The dog days of summer seem to be bringing on even more dog days for OIL. From my perch, there now seems to be very hard caps on where oil…

Jul 21, 2017 at 16:09

This morning, oilfield services giant Schlumberger (SLB) announced results for Q2 2017. SLB has dropped around twenty-five percent since the beginning of the year as the effects of the capex…

Jul 21, 2017 at 16:08

Friday July 21, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Jul 21, 2017 at 16:05

Ecuador has announced plans to start increasing its oil output, effectively breaking off its engagement with OPEC in the cartel’s production cut deal. Ecuador is a small producer and it…

Jul 21, 2017 at 16:04

Crude oil and natural gas futures posted similar moves this week. Both markets surged to the upside to levels not seen since June. Both of their rallies came close to…

Jul 21, 2017 at 15:57

WTI has traded in a $3.90 range so far in July ($43.65 / $47.55) and the sideways price action has lead to waning market enthusiasm for bulls, bears and option…

Jul 21, 2017 at 15:07

Despite the oil industry being arguably the most vital and influential sector in the world, the average member of the public knows relatively little about its inner workings. Oil prices…

Jul 21, 2017 at 14:39

Oil prices fell on Friday after preliminary reports showed that OPEC’s July output has increased once again while deeper cuts remain unlikely  (Click to…

Jul 21, 2017 at 12:38

The number of active oil rigs in the United States fell this week by 1 rig—it’s second loss in four weeks, and its third loss this year—in a sign…

Jul 21, 2017 at 11:11

Saudi Arabia is following through on cuts to its crude oil exports to the United States, weekly EIA crude import data show, after Riyadh stated a couple of months ago…

Jul 21, 2017 at 09:30

Kuwait’s Oil Minister Essam al-Marzouq has delivered an anticlimactic statement regarding the upcoming OPEC ministerial meeting in St. Petersburg: the ministers will discuss compliance levels with the November oil output cut…

Jul 20, 2017 at 17:13

The most recent report on the U.S. oil market offers a mix of data, providing ammunition for both oil bulls and bears alike. One can find whatever they want in…

Jul 20, 2017 at 17:08

The on-going diplomatic feud in the Persian Gulf pitting Qatar against a coalition of Arab states led by Saudi Arabia has already disrupted regional affairs to a significant extent: economic…

Jul 20, 2017 at 16:57

Bitcoins do not magically appear out of nowhere. Each one is “mined” in a blockchain process that eats enough electricity to power an American household for 1.57 days. This…

Jul 20, 2017 at 15:24

Many oil majors have steered their strategies and investments into natural gas, aiming to seize the projected global gas demand growth as the world shifts away from coal-fired power generation.…