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]
The four biggest refiners in the United States, Phillips 66, Valero, Marathon and Andeavor posted one-time tax gains of $7 billion combined in 2017 Q4, matching their net incomes for all of 2016, according to [Read more]
Methane emissions from oil and gas production and distribution is a widespread problem that persists up and down the supply chain. AP photo by Charles Rex Arbogast. Nearly 70 per cent of new methane emissions [Read more]
Elon Musk unveiled the Tesla Semi in mid-November. Since then, a number of companies, including Wal-Mart, PepsiCo and UPS have placed pre-orders for the electricity-powered big rig. Tesla photo. Tesla Semi charging stations to be [Read more]
Brent oil prices fell by over 2 per cent on Friday, but crude remains supported by strong demand and OPEC supply cut compliance. Apache photo. Oil prices pressured by rising US production, dollar Oil prices [Read more]
On Thursday, US oil prices gained almost 2 per cent. In January, both Brent and WTI increased for a fifth straight month. Apache photo. Oil prices rose as falling output in Venezuela offset higher production [Read more]
US oil production rising despite fewer rigs and producers focusing on “core” parts of the shale play, including the Permian basin. Apache photo. US oil production topped 10 million b/d in November: EIA By John [Read more]
CATL EV battery factory located in a small southeast China city will have enough capacity to surpass Tesla output. Bloomberg photo by Qilai Shen. Contemporary Amperex Technology Ltd., leader in EV battery market in China Contemporary [Read more]
Prime Minister Trudeau said during a radio interview on Thursday that the Trans Mountain pipeline will be built. Trans Mountain photo. BC gov’t proposed new restrictions against bitumen shipments via Trans Mountain pipeline In response [Read more]
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