Along with participating in the OPEC supply cut pact, Russian Energy Minister Alexander Novak says Russia and Saudi Arabia are also working together on energy projects, including oil services and petrochemicals. Lukoil photo. Russia looking [Read more]
Commentators have identified several possible triggers for the correction in oil prices, including the sharp drop in U.S. equities, recent dollar strengthening and the unexpectedly rapid increase in U.S. shale production. Shell photo. Near-record net [Read more]
Oil prices were up slightly on Monday, helped by weaker US dollar and strong demand for crude. Nexen photo. US oil prices up almost 1 per cent On Monday, slightly higher oil prices regained some [Read more]
The federal government’s announcement of new legislation for consideration of energy projects addresses competitiveness of the Canadian energy sector. This article was released by the C.D. Howe Institute and posted in the Globe and Mail [Read more]
Protestors gathered outside the California state legislature in Sacramento to protest the Trump administration’s changes to the US offshore oil drilling plan. CALmatters.org photo. Trump administration expanded its offshore oil drilling plan last year At [Read more]
Oil prices fell on Friday. US WTI fell below the $60 mark for the first time since late December. Seven Generations photo. Oil prices down over 9 per cent from 2018 high in late January [Read more]
The ban on US oil exports was lifted by the Obama administration in 2015, opening up global crude market to US producers. Getty Images photo. In 2015, the Obama administration lifted a 40-year ban on [Read more]
Oil prices on track to fall for fifth consecutive day after EIA data showed US crude production hit 10.25 million b/d and the Forties pipeline restarted following a shutdown. Nexen photo. Oil prices down over [Read more]
The Seoul Spirit, a crude tanker filled with US shale oil sailed from Houston and arrived in the Persian Gulf in January. Teekay.com photo. Energy economist Ed Hirs says political conflict between UAE and Saudi [Read more]
The United States says it is considering imposing Venezuelan oil sanctions in an effort to pressure President Nicolás Maduro to return the South American country to full constitutional order. AFP/Getty Images photo by Luis Robayo. Venezuelan oil [Read more]
A decline in incentives, concerns over tariffs and steep losses in mature markets led to a drop in employment in the US solar industry. eSolar photo. Jobs lost in US solar industry due to a [Read more]
Oil prices fell on Wednesday due to rising US crude stocks and a surprising increase in distillates inventories. Repsol photo. US oil prices down over 3 per cent Wednesday Oil prices dropped to a one-month [Read more]
Forties pipeline was shut down on Wednesday due to unexpected closure of the feed control valves. Total photo. Oil prices rose about 50 cents/barrel on news of Forties pipeline shutdown The 450,000 barrels per day [Read more]
If the forecasts prove correct, US shale producers will capture all or most of the predicted growth in global oil consumption this year. Repsol photo. OPEC pact participants conceding market share to US shale producers [Read more]
Tesla’s virtual power plant system will begin testing in 1,100 public housing properties. Tesla image. Virtual power plant will generate ‘significant’ portion of households’ electricity needs Months after Tesla built the world’s largest lithium-ion battery [Read more]
Oil prices fell on Monday as a rising US dollar made crude more expensive for non-US investors to buy greenback-dominated assets. Nexen photo. Oil prices drop for third straight day Oil prices were caught in [Read more]
The province must also require utility companies to assess and pursue more aggressive local energy efficiency programs, beyond those implemented on a system-wide basis. CJOCFM.com photo. Energy efficiency includes cost effective alternatives to power generation [Read more]
Oil prices have risen 52 per cent since June 2017 and have put a squeeze on airlines will likely result in higher airfares. Airlines say airfare increases have not kept pace with increasing oil prices [Read more]
US oil prices fell over 2 per cent on Monday while price of North Sea oil hit its lowest in eight months. Apache photo. Oil prices pressured Monday on market sell-off Oil prices dipped significantly [Read more]
Hedge funds had built record net long position in Brent, NYMEX and ICE WTI, U.S. gasoline, U.S. heating oil and European gasoil a week earlier. Anadarko photo. Hedge funds cut long position in six most [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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