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Article Archive | Page 952

The Latest Battlefield In Asia’s Energy War

Jul 24, 2018 at 13:04

Last week, Chinese President Xi Jinping reportedly offered Sri Lanka a new grant of 2 billion yuan ($295 million). According to media reports, Sri Lankan President Maithripala Sirisena made the…

Colorado’s Shale Boom Threatened By Ballot Initiative

Jul 24, 2018 at 12:47

There’s a good chance that a ballot initiative to significantly expand the buffer zones between oil and gas wells and homes and other buildings could be up for voting by…

Is This The Next Coal Megaproject?

Jul 24, 2018 at 12:33

Some 80km from the Chinese border, the tiny Russian village of Yerkovtsy might provide the setting for a new Russo-Chinese megaproject. The 38 BCm/year Power of Siberia (and its potential…

Oil Prices Spike Again After Brief Respite

Jul 24, 2018 at 12:13

After trading relatively flat on Monday, crude oil prices crept a bit higher on Tuesday morning due to escalating tensions between the United States and Iran.

The Three Best Oil Majors Of 2018

Jul 24, 2018 at 09:32

Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn. A Rystad Energy review of the performance of their recent projects…

Can China Replicate The U.S. Shale Boom?

Jul 24, 2018 at 09:08

The world’s largest gas importer is also home to the world’s largest reserves of shale gas—gas that is just sitting there, at least for now. China has been struggling to…

Iran Vows ‘Equal Countermeasures’ If U.S. Tries To Block Oil Exports

Jul 24, 2018 at 08:31

Iran’s foreign ministry said on Tuesday that Tehran would respond with “equal countermeasures” if the United States tries to block Iranian crude oil exports. “If America wants to take…

Trump’s Iran Tweet Fails To Send Oil Prices Soaring

Jul 23, 2018 at 16:55

President Trump seemed to hint at war with Iran on twitter on Sunday, in an all caps tweet directed at Iran’s president. To Iranian President…

Has Saudi Arabia Fooled Oil Analysts?

Jul 23, 2018 at 15:50

There is never a dull moment in the Desert Kingdom when looking at the ongoing economic changes taking place inside Saudi Arabia. The world’s largest oil company Saudi Aramco, the…

Can Oil Demand Rise Much Further?

Jul 23, 2018 at 13:45

Last month the 2018 BP Statistical Review of World Energy revealed that global oil production has now grown for eight straight years. Oil consumption rose to a new high…

Oilfield Service Majors See Bright Future Ahead

Jul 23, 2018 at 13:15

The first second-quarter results from the oilfield service sector are in, and despite some missed expectations, the future looks bright for two of the top three global oilfield service providers.…

Anti-OPEC Bill Could Be A Game-Changer For Oil Markets

Jul 23, 2018 at 12:51

In its effort to wrest more control over global oil markets away from foreign producers, Congress has been pushing a bill that would let the U.S. sue OPEC for oil…

Sri Lanka Looks To Pay For Iranian Crude With Tea

Jul 23, 2018 at 12:39

Sri Lanka will pay down its oil debt held by Iran with tea in response to new regulations that Sri Lanka has issued in order to comply with a UN…

Guyana’s Oil Reserves Are Larger Than Expected

Jul 23, 2018 at 11:53

Guyana’s recoverable offshore oil reserves are larger than expected—by almost a billion barrels, Hess Corp CEO John Hess said in a Monday press release. Gross discovered recoverable resources for…

Iranian President Threatens U.S. With “Mother Of All Wars”

Jul 23, 2018 at 10:56

Iran’s President Hassan Rouhani has threatened the United States with “the mother of all wars” if Washington continues pressuring it with sanctions and attempts to foment unrest among the already…

Rosneft Sees Oil At $80 By Christmas

Jul 23, 2018 at 08:48

Rosneft’s chief executive Igor Sechin expects Brent could reach US$80 a barrel by this year’s end, Interfax reports citing a TV interview of the oil tycoon. The company’s budget…

Is The Oil World In Panic Mode?

Jul 22, 2018 at 09:57

Oil markets have shown tremendous weakness in recent days, losing nearly seven dollars before rallying back a bit on Thursday. What’s causing it? Market analysts have been struggling to find…

IEA: World Is Not Spending Enough On Energy

Jul 20, 2018 at 14:32

Global energy investment fell by 2 percent in 2017, the third consecutive year of a decline, according to the International Energy Agency, which sounded the alarm this week, warning…

India And China Could Mitigate Damage For Iran

Jul 20, 2018 at 14:31

How much oil from Iran will be disrupted because of U.S. sanctions? American officials have gone back and forth on this, but many of the people who decide how much…

Saudis To Invest $10B In South Africa’s Energy Sector

Jul 20, 2018 at 14:27

Saudi Arabia has pledged to chip in $10 billion in funds to South Africa’s ailing power sector, according to a South African government spokesperson cited by CNBC. The funds…

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