Oil prices fell on Tuesday as the US dollar gained ground, however, losses were limited as investors’ concerns over US President Trump’s threat to pull out of the Iran sanction relief deal underpinned the market. [Read more]
The West Texas oil industry is booming thanks to new technology that has helped bring breakeven costs down to as little as $25/barrel. CNBC photo by Morgan Brennan. Unemployment rates sink as West Texas oil [Read more]
April’s OPEC output dropped to a one-year low mostly due to significantly lower production from Venezuela and reduced exports from the cartel’s African producers, according to a Reuters’ survey. Anadarko photo. OPEC output in April hit [Read more]
In this article, the author, Maximilian Auffhammer questions how effective offering subsidies on used electric vehicles would be for the environment. Energy Institute at Haas photo. Does a program to subsidize used electric vehicles make [Read more]
Oil prices steadied on trading in Monday after slipping early in the session on reports that US drillers added 5 oil rigs last week. BP photo. Brent oil prices up over 1 per cent Monday [Read more]
Managers of hedge funds are more cautious about increasing their exposure to oil, but are more optimistic about the outlook for refined fuels. BP photo. Hedge funds cut futures and options contracts by 6M barrels [Read more]
LNG Canada, a joint venture company comprised of four global energy companies, is in the planning stages of an LNG export terminal in Kitimat, British Columbia. Final decision on LNG Canada expected by end of [Read more]
Oil prices were mixed on Friday. Brent is on track for its third week of gains as investors consider possible consequences of the reimposition of sanctions on Iran by the Trump administration. BP photo. Oil [Read more]
One day after the Wisconsin refinery explosion, tens of thousands of people were allowed to return to their homes. The blast at the Husky Energy refinery injured at least 16 people. Twitter photo. Wisconsin refinery [Read more]
Some Chinese refineries will shut down in May and June for annual maintenance, which will cut China’s throughput by about 10 per cent and reduce global crude demand. At least six Chinese refineries are planning [Read more]
Oil prices were mixed on Thursday as investors considered rising US crude output against the possibility of US sanctions on Iran, tanking Venezuelan output and strong demand. Encana photo. Recent oil prices rally “overdone”: Some [Read more]
Local media reports 10 people were injured in a Husky refinery explosion and fire in Superior, Wisconsin on Thursday morning. Duluth News Tribune photo. Husky refinery explosion occurred as crews were preparing plant for repairs Ten [Read more]
The sale of Porsche EVs and hybrids by 2025 will amount to about half the companies overall deliveries, according to the luxury automaker. Porsche EVs, hybrids targets one of the auto industry’s most agressive By [Read more]
Deep cycles are a natural condition of oil prices and John Kemp says there is no reason to think the future will be any different. Anadarko photo. OPEC, major producers can influence oil prices in [Read more]
The chief executive of Cenovus Energy says Canadian rail companies have hired and are training crew and are reactivating a number of locomotives to handle increased oil by rail shipments in the second half of [Read more]
US energy shares lost ground and underperformed in 2017, but in 2018 as oil prices continue to climb, investors are putting their money back into energy stocks. ConocoPhillips photo. US energy shares rise alongside oil [Read more]
Oil prices remained steady on Wednesday, despite data from the US Energy Information Administration showing an increase in US crude inventories by 2.2 million barrels. Oil prices initially fell following release of EIA data On [Read more]
GE Renewable Energy signed an agreement with the British government to test the company’s Haliade-X 12 MW turbine in Blyth, Northumberland. GE photo. GE Renewable Energy and UK’s Offshore Renewable Energy Catapult sign five-year agreement [Read more]
John Kemp argues that if OPEC maintains its current output curbs through December, the market is set to become exceptionally tight, which will push prices and spreads towards unstable levels. Anadarko photo. By John Kemp [Read more]
Oil prices hit their highest level since November 2014 Tuesday on strong global demand, OPEC’s supply cut agreement and the possibility that US sanctions could be imposed on Iran. Anadarko photo. Oil prices could rise [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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