Money managers, a category which includes many hedge funds and other investors, have accumulated record positions in crude, gasoline and distillates since the middle of last year, according to regulatory data. Anadarko photo. New generation [Read more]
Mayor of Rome Virginia Raggi said “If we want to intervene seriously, we have to have the courage to adopt strong measures”. Nearly all of the pollution in Rome is caused by motor vehicles On [Read more]
US crude production hit an all time high in November, rising to 10.057 million barrels per day, before retreating slightly in December, according to the US Energy Information Administration. Anadarko photo. November 2017 US crude [Read more]
Oil prices fell on Wednesday despite high compliance by OPEC pact participants. US production rose to 10.3 million barrels per day, putting pressure on oil prices. Apache photo. Oil prices down over 1 per cent [Read more]
Oil prices fell on Tuesday, mostly on concerns of rising US crude inventories. On Tuesday afternoon, the American Petroleum Institute will release data on US oil stocks and on Wednesday morning, the US Energy Information [Read more]
OPEC Secretary General Mohammad Barkindo, other OPEC officials will meet with US shale companies in Houston to talk about the global oil glut. OPEC photo. Rising US shale production helped boost overall US output to [Read more]
Exxon Papua New Guinea LNG plant had to be shut down after power infrastructure on the southwestern Pacific island was damaged in a 7.5 magnitude earthquake early Monday morning. Papua New Guinea Today photo by [Read more]
Exxon says it is selling its entire stake in the Terra Nova project, but will keep its other assets in the region. Wikipedia photo by Ice Specialist. Exxon has 19 per cent ownership in Terra [Read more]
The hedge funds’ net long position has been cut in each of the four most recent weeks by a total of 263 million barrels, in what has been the largest drawdown for more than seven [Read more]
A decline in spending since 2014 due to weak energy prices could create an LNG demand boom beginning in the mid 2020s. Shell photo. LNG demand expected to hit 500 million tonnes per year by [Read more]
Papua New Guinea earthquake struck early Monday morning, causing landslides, damaging buildings and closing oil and LNG operations in the southwestern Pacific country. Storyful photo by Baundo Mereh. Papua New Guinea earthquake shuts down Exxon Hides [Read more]
Libyan oil smugglers are driving instability in the OPEC nation, according to the US Treasury Department. Reuters photo by Aidan Lewis. Libyan oil smuggling sanctions imposed against six people, 24 companies, seven vessels The United [Read more]
Charging a price on emissions ensures we appropriately weigh costs and benefits. According to Trevor Tombe, one can argue for high or low carbon taxes, but that is where the debate should be. The price [Read more]
Oil prices rose after Saudi Arabia’s energy minister, Khalid al-Falih, made comments during a trip to India that the kingdom will lower its production to well below output caps during the first quarter of 2018. [Read more]
The real consequence of a shortage of Canadian pipelines may be the impact on investor confidence, and that value may never be known. Trans Mountain photo. Pipelines are running near capacity as output grows By [Read more]
After suffering heavy losses and retreating from markets, including China and Russia, Uber says it is looking to build partnerships with automakers and taxi companies to establish itself in global markets. PAP photo by Will [Read more]
The permits from the California Department of Motor Vehicles for testing autonomous cars with remote operators could be issued as early as April 2. Spectrum.ieee.org photo by Mark Harris. Remote control for autonomous cars already [Read more]
Oil prices rose on Friday by well over one per cent after reports of a drop in Libyan production and OPEC’s Energy Minister Khalid al-Falih (left) said, while in India, “the oil markets, its clear, [Read more]
Encana RAB Davidson is spread over 16 acres and is made up of over 1 million pounds of drilling rigs, bulldozers, tanker trucks and other oilfield equipment. Encana photo. “Cube development” by Encana taps multiple [Read more]
US oil prices rose nearly two per cent on Thursday after US Energy Information Administration data showed US crude stocks fell by 1.6 million barrels last week. Phillips 66 photo. Oil prices rally on Thursday [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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