Article Archive | Page 863

Mar 27, 2019 at 14:04

The global crude oil benchmark Dated Brent is set to change once again this November as S&P Global Platts, the benchmark’s custodian, introduces trade in North Sea grades delivered on…

Mar 27, 2019 at 14:03

Amid oil prices reaching some sort of temporary equilibrium and trading volatility being significantly lower than in the previous weeks, the oil market now expects new impulses that would indicate…

Mar 27, 2019 at 15:14

While China may be the world’s largest market for electric vehicle sales, Chinese car buyers have a new love affair: pickup trucks. As in the U.S., pickups are ideal for…

Mar 27, 2019 at 12:45

Although nuclear is often touted as an ultra-efficient and therefore affordable as well as clean alternative to fossil fuels, some states are beginning to discover that this is not necessarily…

Mar 27, 2019 at 12:06

Venezuela’s largest oil-exporting terminal Jose is not working after a power outage that happened on Monday. Reuters reports the port has yet to resume normal operations, noting the last…

Mar 27, 2019 at 10:03

Crude oil prices fell slightly after the Energy Information Administration reported a moderate build in U.S. crude oil inventories for the week to March 22. These added 2.8 million…

Mar 26, 2019 at 18:39

Venezuela is once again finding itself in the dark in another massive power outage, according to Aljazeera, weighing further on the South American country that is struggling to maintain…

Mar 26, 2019 at 18:31

The Trump administration has two assessments of the impact of the IMO 2020 marine fuel sulfur regulation to consider. The first was issued in January by the Energy Information Administration…

Mar 26, 2019 at 17:55

Hedge funds are buying oil once again after a pause earlier in March, signaling returning optimism about U.S. - China relations and subsiding concern about the global economy, Reuters’ John…

Mar 26, 2019 at 15:40

For countries who have complete control over their oil industry through their state-run oil behemoths, it’s easy to order them to increase oil output—costs be damned. But sinking money into…

Mar 26, 2019 at 15:09

Developments are unfolding that continue to put the U.S. at odds with much of the Arab world, including Saudi Arabia. On Monday, Trump recognized Israel’s 1981 annexation of the Golan…

Mar 26, 2019 at 14:57

Data released by the Chinese energy bureau this week shows that the country added a whopping 194 million tonnes of coal mining capacity over the course of 2018. This revelation…

Mar 26, 2019 at 13:08

The percentage of renewables in the global energy mix has risen significantly over the years due to, for example, lower costs for photovoltaic cells. The improved financial position of…

Mar 26, 2019 at 11:59

China is taking advantage of steep discounts for Iranian and Venezuelan crude to increase its imports from the two countries sanctioned by the United States, Bloomberg reports, adding that…

Mar 26, 2019 at 10:24

Texas will need an additional 10,950 miles of oil and gas pipelines to accommodate rising production over the years to 2050, an IHS Markit study quoted by S&P Global…

Mar 25, 2019 at 18:24

Saudi Arabia has been signaling for weeks that it is and will be doing whatever it takes to rebalance the oil market by slashing exports and pumping well below its…

Mar 25, 2019 at 18:05

When Alberta’s government announced obligatory oil production cuts last December, it was a desperate attempt to arrest a price slide of the local crude benchmark that had led to…

Mar 25, 2019 at 17:46

On February 15 President Andrés Manuel López Obrador (AMLO) announced the launch of Pemex’s Strengthening Programme, a six-year plan designed to improve the company’s financial position through the liquidation of…

Mar 25, 2019 at 15:26

As Washington and Beijing try to reach a deal after months of disagreement and trade tensions that have impacted not only both countries but the global economy as well as…

Mar 25, 2019 at 15:09

China’s liquefied natural gas (LNG) imports increased in February compared to the same month last year, but fell from the record highs from January as the winter heating season approaches…