Now the market is embarking on the next stage of the cycle, with high and rising oil prices beginning to stimulate an increase in production, restrain fuel use, and eventually create conditions for the next [Read more]
OPEC says the recent oil rally that saw prices close in on $80/barrel is a short-term spike mostly due to geopolitics, more than a supply shortage. Getty Images photo by Akos Stiller. Oil rally not [Read more]
A decline in spending in the LNG sector since 2014 due to weak energy prices will create a supply gap beginning in the mid-2020s, unless new investments in the super-chilled fuel are made. World Maritime [Read more]
New MARPOL (International Convention for the Prevention of Pollution from Ships) limits on sulfur content in marine fuels starting in 2020 could result in 1-1.8MMb/d of additional refinery runs to produce higher volumes of marine [Read more]
Syncrude, provincial and federal governments, Nature Conservancy of Canada and Tallcree First Nation join forces to create Birch River Wildland Provincial Park, a protected boreal forest in Northern Alberta. Nature Conservancy of Canada photo. Syncrude [Read more]
Oil prices were mixed in trading on Wednesday as investors weighed the strengthening US dollar against falling US crude stocks and slowing global demand. Shell photo. Oil prices impacted by strength of US dollar Oil [Read more]
Canada’s Finance Minister Bill Morneau blamed the government of British Columbia for the delay in the construction of the Kinder Morgan Trans Mountain pipeline expansion project. Reuters photo by Chris Wattie. Kinder Morgan stopped non-essential work [Read more]
The Energy Council of Canada named Chief Jim Boucher of the Fort McKay First Nation, and Chairman of the Fort McKay Group of Companies, the 2018 Canadian Energy Person of the Year. The Globe and [Read more]
Oil prices were steady on Tuesday with both Brent and US WTI rising slightly. Analysts say concerns over US sanctions restricting Iranian crude exports buoyed oil prices, but concerns that China’s economic growth may be [Read more]
Senior market analyst, John Kemp says the impact of oil prices on the U.S. trade deficit and the exchange rate is becoming much less significant than before. Statoil photo. Higher oil prices will help US producers, [Read more]
Oil prices rose on Monday after OPEC released a report showing the global glut of crude oil has been virtually eliminated on dropping Venezuelan production along with the OPEC supply cut pact. The Politician photo. [Read more]
Swedish researchers are testing an electrified road located near Stockholm’s Arlanda airport. Project success could mean electric vehicles in the future would need smaller batteries which would cut down the cost of EVs. eRoadArlanda photo [Read more]
Managers of hedge funds, concerned about a significant downside risk as rising costs cut crude demand and stimulate increased production, appear to be locking in some profits after the recent bull run in oil prices. [Read more]
Abu Dhabi National Oil Company, or ADNOC, says it has plans to invest $45 billion in the coming five years to expand its refining and petrochemicals operations. Company photo. ADNOC looking to double its refining [Read more]
Reuters’ sources say that under the Trump administration’s soon-to-be-unveiled overhaul of the US Renewable Fuel Standard (RFS), the number of biofuels waivers for small refineries will be cut and ethanol exports could rise. Des Moines [Read more]
To celebrate his 1000th Twitter follower, on his Chester Energy and Policy blog, Matt Chester published an article on May 10 describing the six different ways that the number 1,000 is weaving through energy trends today. [Read more]
It is not exactly clear how the US and Saudi Arabia plan to avoid a significant oil price rise following the Trump administration’s decision to opt out of the Iran sanction relief pact. Getty Images [Read more]
Oil prices dipped slightly on Thursday as investors took profit after Wednesday’s rally which began after US President Donald Trump announced he was abandoning the Iran sanctions relief agreement. Statoil photo by Harald Pettersen. Oil [Read more]
The California Energy Commission ruled on Wednesday that new homes built after 2020 will have to be equipped with solar panels. California is the first US state to implement such a regulation. 180SolarPower.com photo. Installation [Read more]
US oil imports are expected to hit their lowest levels in over 60 years as crude production in the United States continues to rise to record levels. Statoil photo. US oil imports forecast to drop [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
Get the eBook, The New Alberta Advantage: Technology, Policy, and the Future of the Oil Sands, written by our founder and publisher, Markham Hislop, for FREE.
Sign up now and get exclusive access to your FREE download in the next newsletter and receive Energi Media Weekly Update straight to your inbox too!
