Article Archive | Page 843

May 15, 2019 at 09:45

The Energy Information Administration reported a crude oil inventory build of 5.4 million barrels for the week to May 10. This follows a 4-million-barrel draw a week earlier.…

May 14, 2019 at 17:57

Global energy investment “stabilised” at just over $1.8 trillion in 2018, ending three years of declines. Higher spending on oil, natural gas and coal was offset by declines in fossil…

May 14, 2019 at 17:12

Crude oil production in the Organisation of Petroleum Exporting Countries fell by just 45,000 bpd in April, according to the cartel’s latest Monthly Oil Market Report, despite continued deep…

May 14, 2019 at 16:59

More than a year ago, U.S. shale producers started to realize that investors were getting impatient about meager returns from the industry that was pumping record volumes of oil without…

May 14, 2019 at 14:13

As the trade war between the U.S. and China intensifies, with an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent and…

May 14, 2019 at 14:02

OPEC’s spare capacity may be put to the test as oil prices jumped on Tuesday after tensions in the Middle East rose on multiple reports of unrest, including four damaged…

May 14, 2019 at 13:12

Oil markets saw a volatile start of the week as additional tariff threats from the U.S. and China forced prices lower on Monday, but increasing tension in the Middle East…

May 14, 2019 at 11:31

The Trump Administration proposed last week to open more than 700,000 acres of federal land to new oil and gas drilling along California’s Central Coast.   The plan is…

May 14, 2019 at 10:59

The tensions between Saudi Arabia/UAE and Iran seem to be heading for a new showdown, as the media hype during the weekend has shown. Not only have unknown assailants attacked…

May 14, 2019 at 09:10

Two pumping stations on a Saudi Aramco oil pipeline in Saudi Arabia were attacked by explosive-laden drones in the early morning local time on Tuesday, the official Saudi Press Agency…

May 13, 2019 at 16:58

The U.S.-China trade war has now officially entered a new phase, and neither side is showing any sign of backing down. The Trump administration followed through on hiking tariffs…

May 13, 2019 at 16:06

Iraq regards the U.S.’s refusal to extend waivers for countries importing oil from Iran as a tacit endorsement for it to pump its own oil to the maximum. This dovetails…

May 13, 2019 at 15:37

Oil prices jumped on Monday on news that two Saudi oil tankers were supposedly attacked near the Persian Gulf, raising fears that supply may be at risk.…

May 13, 2019 at 12:31

Heightened trade tensions between the U.S. and China over the last few days, that seemed to catch many media outlets and pundits off-guard, were actually always lurking just beneath the…

May 13, 2019 at 12:00

U.S. liquefied natural gas exports have been on a steady rise over the past year, especially to Europe, where they surged by 272 percent since July last year. However,…

May 13, 2019 at 11:10

Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, according to Rystad Energy. Two Saudi Arabian…

May 13, 2019 at 10:16

Oman has made some major moves to diversify its energy mix, as indicated by the commissioning of new renewable energy (RE) projects. The sultanate has set a precedent by bringing…

May 13, 2019 at 09:15

Saudi Arabia has said two of its oil tankers were attacked by saboteurs near the United Arab Emirates, Reuters reports, adding a statement by the UAE that a total…

May 10, 2019 at 17:51

U.S. sanctions on Iran are now really starting to bite. In contrast to what European media portray, Iran’s oil and gas exports are plunging. Tehran’s ability to supply its Asian…

May 10, 2019 at 17:44

The world spent a staggering $4.7 trillion and $5.2 trillion on fossil fuel subsidies in 2015 and 2017, respectively, according to a new report from the International Monetary Fund.…