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Article Archive | Page 858

Flurry Of Bearish News Sends Oil Lower

Mar 22, 2019 at 18:09

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday, threatening to erase this week’s gains just one day after the markets hit a four-month…

Could Massive Gas Find Help Boost South Africa’s Economy?

Mar 22, 2019 at 18:04

Total Exploration and Production Southern Africa recently made a massive offshore gas discovery off the coast of Mossel Bay. First reports of the newly discovered Brulpadda well speculate that the…

Can Summer Save LNG Demand?

Mar 22, 2019 at 18:03

In good news for buyers but dismal news for producers and traders, both Asian spot liquefied natural gas (LNG) prices, as well as European spot prices, continue to crash. According…

Poll Shows Americans Support Global Warming Action

Mar 22, 2019 at 18:03

The most recent opinion poll on climate change attitudes shows that the public may be more aware of climate issues than many think. Support for international treaties to limit greenhouse…

Are Commodities In Crisis?

Mar 22, 2019 at 17:54

Friday March 22, 2019 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…

Exxon Shale Deal With Algeria Falls Victim To Protests

Mar 22, 2019 at 17:43

Exxon’s negotiations with Algeria for the development of local shale gas resources are being delayed because of the widespread anti-government protests in the North American country, Reuters reported this…

Oil Prices Dive On Economic Fears

Mar 22, 2019 at 13:42

While it seemed like the bulls were in control of oil markets, prices crashed on Friday as poor economic signals boosted bearish sentiment.

U.S., Canadian Rig Count Plunges As Oil Retreats

Mar 22, 2019 at 12:16

The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, despite US oil production resuming highs this week that…

Oil Traders Use Controversial Methods To Track Refinery Runs

Mar 22, 2019 at 10:34

In the latest chapter of the ‘Big Data in the oil industry’ tale, oil traders now can monitor operations at oil refineries using geolocation data from cell phones to estimate…

India Stops Taking In Venezuelan Oil

Mar 22, 2019 at 10:20

A senior U.S. government official has told Indian media that private local refiners had stopped importing crude oil from Venezuela, noting the cooperation of Indian companies in this respect. "My…

Oil Is Set To Rise, But The Rally May Not Last

Mar 21, 2019 at 18:39

The United States is no longer over-supplied with oil. That sounds like good news. The bad news is that it may signal lower oil prices going forward. An unexpected 9…

Big Pivot In Energy Is Gaining Momentum

Mar 21, 2019 at 18:28

For years, the oil and gas industry has boasted about the longevity and durability of oil and gas reserves despite growing signs that peak oil demand is around the corner.…

A Paradigm Shift In The Permian

Mar 21, 2019 at 17:36

The U.S. shale industry is increasingly dominated by the oil majors, with small and medium-sized drillers under financial pressure. Shareholders, banks and other analysts are losing patience with unimpressive performances…

Rumors Of Chinese Subsidy Cuts Send Shockwaves Through Solar Markets

Mar 21, 2019 at 15:13

Last year, China sent a shockwave through the global solar market after it cut subsidies and stopped approving new solar installations in the middle of 2018, aiming to curb a…

Tesla Lagging Behind Competitors In European EV Markets

Mar 21, 2019 at 14:55

CEO Elon Musk and the Tesla team have succeeded in making their company the most widely used electric vehicle brand name, but this has not yet led to global EV…

U.S. Didn’t Import Venezuelan Oil Last Week—For The First Time Ever

Mar 21, 2019 at 14:20

The United States didn’t import any crude oil from Venezuela in the week to March 15, for the first time ever since the EIA began tracking weekly U.S. crude…

Qatar Leverages LNG In Geopolitical Stroke Of Genius

Mar 21, 2019 at 13:39

By now it should be evident that the Saudi-led economic and political boycott of tiny, gas-rich Qatar has caused Doha to push back and chart its own course. A Saudi-led…

Why No One Is Interested In Building EV Infrastructure

Mar 21, 2019 at 11:21

A driver planning to make the trek from Denver to Salt Lake City can look forward to an eight-hour trip across some of the most beautiful parts of the…

Canada’s Natural Gas Crisis Is Going Under The Radar

Mar 21, 2019 at 10:05

While Canada’s oil crisis has stolen much of the media spotlight in recent months, Canadian natural gas producers have been going through a similar predicament—not enough takeaway capacity amid growing…

One Last Warning For The U.S. Shale Patch

Mar 20, 2019 at 18:19

Oil price lost 44% of its value late last year. That price collapse was a signal to tight oil companies to stop over-producing. The message will be repeated until action…

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