OPEC data shows oil inventories in developed OECD economies are now 74 million barrels over their five-year average. In January 2017, crude stocks were 340 million barrels over the five-year average. Financial Tribune photo. Participants [Read more]
The Toyota EV motor magnet will use lanthanum and cerium which are cheaper than neodymium, demand of which is expected to exceed supply after 2025. Toyota EV magnet development expected to be in use in [Read more]
Luis Almagro, head of the Organization of American States, says Venezuelan sanctions targeting oil industry would be in response to the South American country’s repressive political climate. El Comercio photo. Proposed Venezuelan sanctions on oil [Read more]
Oil prices were mixed on Tuesday with Brent slightly down and US WTI up by over 1 per cent. The discount between the two futures contracts is now at a six-month low. Statoil photo. Canadian [Read more]
US refiners exported more than 1.1 billion barrels of finished petroleum products in the first 11 months of 2017, an increase of almost 12 per cent compared with the same period in 2016. Valero photo. [Read more]
Oil prices rise, but concerns over higher US production tempered Monday gains. Apache photo. Oil prices rise as border incidents in Syria bring Israel and Iran closer to direct confrontation Oil prices rose slightly in [Read more]
Strong fundamentals have discouraged aggressive short-selling and convinced many managers of hedge funds to retain (most of) their existing long positions despite the recent pull back in crude prices. Apache photo. Hedge funds hold over [Read more]
A Russian self driving car took on icy roads during recent snowstorm to gather data to help autonomous vehicles travel in wintery conditions. Getty Images photo by Mikhail Svetlov. Russian self driving car test part of [Read more]
Last year, Enbridge identified non-core assets worth US$8 billion that it could sell to reduce its debt load. Enbridge accumulated more debt in merger with Spectra Energy in February 2017 The Globe and Mail reports [Read more]
Oil prices rose on Friday. Benchmark Brent was on track to end the week up over 3 per cent after a drop of over 8 per cent last week. Oil prices up as US dollar [Read more]
Harsh winter conditions as well as Canadian railways’ recent volume growth have stranded some Alberta oil shipments. CP Rail photo. Stranded Alberta oil shipments have led to plummeting crude prices Bloomberg reports a shortage of [Read more]
Trump offshore drilling plan announced in late January would see federal waters off nearly every state opened to oil and gas drilling. Getty Images photo by David McNew. Trump offshore drilling plan not “in the [Read more]
One analyst says high US production, rising gasoline stocks and a shrinking price premium of Brent over WTI paints a bearish picture for oil prices. Statoil photo. Oil prices mixed, premium of Brent over WTI [Read more]
OPEC’s Secretary General Mohammad Barkindo floated the idea of institutionalizing the OPEC supply cut agreement in October, 2017. OPEC photo. OPEC supply cut agreement began in January 2017 United Arab Emirates’ Energy Minister Suhail Al [Read more]
Developers of new deepwater oil projects are looking to keep their operations cheap and simple. Shell photo. Some deepwater oil projects rejuvenating existing fields Royal Dutch Shell says Penguins, its latest British North Sea oil [Read more]
The Netherlands offshore solar farm, similar to the Kagoshima Nanatsujima Mega Solar Power Plant in Japan (shown), will help the Dutch cut their fossil fuel use and meet their GHG emissions targets. Kyocera Corporation photo. Netherlands [Read more]
Oil prices rose slightly on Wednesday after the US Energy Information Administration reported US crude stocks rose by 1.8 million barrels, 1 million barrels less than anticipated. Oil prices rebound from earlier losses Oil prices [Read more]
OPEC will review progress towards its goal of eliminating excess global inventories at its next regular meeting in June, but ministers have downplayed suggestions the review could lead to an early exit from the accord. [Read more]
Critics are concerned the sale of petro crytocurrency nothing more than a debt issuance by Venezuela. Venezuelan government hopes Petro Cryptocurrency will help relieve economic crisis Venezuelan President Nicolas Maduro said on Tuesday that next [Read more]
Oil prices rose slightly on Monday after benchmark Brent hit two-month lows early in the session. Anadarko photo. Seasonal factors may also be factor in declining oil prices Oil prices rebounded slightly from earlier losses [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!
