Oil prices rose on Friday, despite concerns over an interview on “60 Minutes” featuring the crown prince of Saudi Arabia where he said Iran’s Ayatollah Khamenei is “very much like Hitler.” Anadolu Agency/Getty Images photo. [Read more]
Several risk factors could cause an upsurge in oil price volatility in the next few months, including the unwinding of concentrated hedge fund positions, uncertainty surrounding future growth of U.S. shale production and macroeconomic risks [Read more]
The Trump administration says it is looking to make a quick sale of Alaska oil leases in the Arctic National Wildlife Refuge. Meanwhile, opponents warn against rushing the process to permit drilling in the sensitive [Read more]
On Thursday, the Trump administration accused the Russian government of conducting cyber attacks against the US power grid, including nuclear facilities. Bloomberg/Getty Images photo. Russians gained access to US power grid through small commercial facilities [Read more]
Oil prices rose slightly in seesaw trading on Thursday, supported by gains in the equity markets, but pressured by rising US crude stocks and concerns that supply will exceed demand this year. Anadarko photo. Oil [Read more]
A shipment of Alberta oil sands crude shipped by rail to terminal in Portland Oregon sailed to China last January. Northwest Engineering photo. Nearly all Alberta oil sands crude exports go to the US According [Read more]
TransCanada’s Cameron Access improvements include a new compressor station and an additional 27 miles of pipeline in Southwest Louisiana. TransCanada image. Cameron Access pipeline improvements valued at US$300 million On Wednesday, TransCanada announced the completion [Read more]
Failure to re-certify the Iran deal could lead to the re-imposition of secondary sanctions and pressure from the US on other countries to reduce their purchases of Iranian crude again. Yonhap/EPA photo. Trump will face [Read more]
The Trump steel tariff would add 25 per cent to the cost of imported steel and 10 per cent to imported aluminum. Trump steel tariff could significantly impact US energy pipeline industry A number of [Read more]
An official with Exxon told Reuters that the global oil giant has plans to expand its Beaumont refinery as well as boost refining capacity at other US Gulf Coast plants. The Examiner photo. Exxon plans [Read more]
Oil prices fell on Wednesday despite rising demand from Chinese factories. Investors remain concerned about the rising supply of crude from the US and other producing nations. Anadarko photo. Oil prices down by pennies Oil [Read more]
VW says it plans to continue to produce cars and trucks with conventional drive systems, as well as Volkswagen EVs. Volkswagen image. 16 locations globally will produce Volkswagen EVs by the end of 2022 Speaking [Read more]
Oil prices fell over one per cent on Tuesday as investors grew more concerned about rising US production wiping out OPEC’s efforts to cut the global crude glut. Anadarko photo. US oil prices impacted by [Read more]
Increased US shale production is expected to overwhelm refining capacity. Last October, the Port of Corpus Christi signed an agreement with the US Army Corps of Engineers to expand the shipping channel to accommodate larger [Read more]
US shale production is set to rise by 131,000 barrels per day next month to a record high of 6.95 million b/d, according to the US Energy Information Administration. Anadarko photo. US shale output gains [Read more]
The Trump administration plans to broadly expand US offshore drilling, but is facing opposition from many coastal states and indifference from oil majors. US Coast Guard photo. Current US offshore drilling rules in place from [Read more]
Hedge funds, other money managers cut their combined net long position in six most important futures and options contracts linked to petroleum prices by 50 million barrels last week. Shell photo. Hedge funds liquidation mostly [Read more]
Oil prices fell over one per cent on Monday on waning enthusiasm for crude due to increasing US crude supply. Anadarko photo. Oil prices pressured by higher US supply Oil prices fell on Monday, dropping [Read more]
Energy IPOs could reach their highest in four years and with pressing financial needs, oilfield services companies will likely lead the recovery. Dome Energy photo. Canadian energy IPOs could include Canbriam Energy, Velvet Energy According [Read more]
Oil prices jumped over 2 per cent on Friday after strong US jobs data boosted Wall Street and investors found hope in the proposed meeting between President Trump and Kim Jong Un of North Korea. [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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