Hedge funds now hold fewer than four bullish long positions for every short bearish one in the oil market, down from more than 12:1 at the end of September and the lowest ratio since August [Read more]
Saudi crude shipments are expected to be reduced in December by 500,000 barrels per day next month, according to the kingdom’s energy minister. Bloomberg photo. Saudi crude shipments cut in response to lower seasonal demand [Read more]
Oil prices fell on Friday as the global crude supply increased and investors grew more concerned about slowing fuel demand. Repsol photo. Oil prices down about 20 per cent since beginning of October Oil prices [Read more]
Photo source: The Spokesman-Review “The Court’s decision to withdraw the permit and stop construction on the Keystone XL pipeline in Indigenous Environmental Network, et al. v. U.S. Department of State is a major blow to the ultimate completion [Read more]
Oil prices fell on Thursday as investors grew more concerned about bulging global oil supplies which are increasing faster than experts had forecast. Anadarko photo. Oil prices down over 1 per cent Oil prices dropped [Read more]
Tesla announced on Wednesday that Robyn Denholm, current finance chief at Telstra Corp., has been promoted to chairwoman at the electric vehicle company. The Australian photo. Robyn Denholm has been an independent director at Tesla [Read more]
In October, Chinese crude imports jumped by 32 per cent over this time last year, hitting 40.80 million tonnes, or 9.61 million barrels per day (b/d). AP photo. Chinese crude imports rise as teapot refineries [Read more]
Equinor and its partners, Husky and Suncor, were the successful bidders for new exploration parcels in the prolific Jeanne d’Arc basin, offshore Newfoundland. Company photo by Oyvind Hagen. Equinor has been active in Canada since [Read more]
US budget deficit hit $779 billion in Fiscal Year 2018 and climbed from 3.5 per cent of GDP in 2017 to 3.8 per cent of GDP. Government receipts increased by just $14 billion while outlays rose [Read more]
On Tuesday, Imperial Oil announced it is going ahead with its $2.6 billion Aspen oil sands project. Construction on the SAGD project is expected to begin before the end of the year. CP photo by [Read more]
Matt Chester writes about three ambitious renewable energy projects that are hoping to find startup capital through crowdsourcing. Renewable energy startups look to crowdsourcing for capital By Matt Chester This article is a re-hosting of [Read more]
According to a report by the US Energy Information Administration, space heating and water heating were the top two energy-consuming uses in U.S. homes in 2015. Yellow Dog Productions/Getty Images photo. Space heating, water heating [Read more]
According to TASS news agency, Russia and Saudi Arabia are in discussions to cut production next year to balance the oil market and stabilize prices. OPEC, allies’ goal to keep oil market close to balance [Read more]
Enbridge’s mainline pipeline system. Source; Enbridge. We were surprised to see Enbridge has this much additional expansion potential on its mainline to PADD II (Midwest) and it is even earlier than expected. – Dan Tsubouchi [Read more]
In its monthly report, the US Energy Information Administration says US crude output is expected to average 12.06 million barrels per day (b/d) by mid-2019. Anadarko photo. US crude output expected to average 12.06 million [Read more]
Oil prices fell almost 2 per cent on Tuesday, one day after the Trump administration announced it will grant waivers to some of Iran’s top crude buying customers. Nexen photo. Oil prices also impacted by [Read more]
South Africa is a major player in African energy markets representing the largest energy consumer on the continent, accounting for about half of Africa’s electricity capacity and possessing one of the highest electrification rates. Kuoni.co.uk [Read more]
Because of higher crude oil prices and lower fuel inventories, average heating oil and propane prices will be 18 per cent higher and 1 per cent higher than last winter, respectively. Smart Touch Energy photo. [Read more]
Most of the US, with the exception of California, Florida, Hawaii and Alaska is expected to experience colder than normal temperatures in the middle of November. The forecast has boosted natural gas prices. ACityMadeByPeople.com photo [Read more]
Oil prices were up slightly on Monday as the sanctions on Iranian crude exports formally began, however, the Trump administration granted eight countries temporary waivers to the sanctions which helped ease concerns about an oil [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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