Overall, consumption and exports increased 2.7 Bcf/d over production and imports in the first half of 2018, which prompted withdrawals of natural gas from storage facilities. Encana photo. US natural gas supply up 12 per [Read more]
Members of the European Parliament are looking for a 35 per cent market share for electric and low-emission cars by 2030. AP Images/European Union-EP photo. MEPs set targets for cars, vans In a draft law voted [Read more]
US oil exports to China have stopped due to the ongoing trade war between the United States and China, according to an energy shipping executive. Bloomberg photo by Eddie Seal. US oil exports stopped in [Read more]
On Monday, LNG Canada said the $40 billion project will proceed. The announcement comes at a time when Big Oil executives admit they may need to boost spending to replenish reserves, cut output declines and [Read more]
US natural gas exports have increased primarily with the addition of new liquefied natural gas (LNG) export facilities in the Lower 48 states. Total photo. US natural gas exports outpace imports for five of first [Read more]
In its quarterly report on US coal production, the US Energy Information Administration showed production during the second quarter of 2018 totalled 180.8 million short tons, 3.7 per cent less than the previous quarter. The [Read more]
A report from the US Energy Information Administration shows that as Permian Basin production increases, US Gulf Coast refineries are processing the lighter crude. Total photo. More Texas oil used at Gulf Coast refineries By Corrina [Read more]
During the first half of 2018, US crude oil surpassed hydrocarbon gas liquids as the largest US petroleum export. 1.8 million barrels per day (b/d) of crude oil were exported in the first half of [Read more]
By 2020, most oil refiners will cut their production of high-sulphur fuel oil, or HSFO, to comply with new rules under introduced by the International Maritime Organization to curb air pollution. Currently, the global shipping [Read more]
US oil production rose to a record high of 10.964 million barrels per day (b/d) in July, mostly due to record output in Texas and North Dakota. Drones of Texas photo via YouTube. US oil [Read more]
Tesla shares fell over 14 per cent on Friday after company Chairman and Chief Executive, Elon Musk, was charged by the US Securities and Exchange Commission with fraud on Thursday. AP photo. Tesla shares plunge [Read more]
According to a report by Reuters, Saudi Arabia is set to quietly add extra crude to the market in the coming months, however, the kingdom is worried that rising US production will lead to an [Read more]
The elevated electricity demand this past summer contributed to the highest wholesale electricity prices in at least the past 10 years. And many western US states experienced drought conditions, which led to a decline in [Read more]
Just over half of Canadians polled say governments should offer more EV incentives, rather than leaving the price and popularity of such vehicles completely to the free market. Natural Resources Canada photo. More than half [Read more]
The Oil and Gas Climate Initiative, or OGCI, pledged on Monday to cut GHG emissions by one-fifth by 2025, or about 350,000 tonnes of methane annually. Total photo. GHG emissions reductions to fight climate change [Read more]
OPEC along with other participants in the cartel’s supply cut agreement have denied US President Donald Trump’s demand to boost crude production. Xinhua News photo. OPEC decision boosts oil prices Monday OPEC and its allies [Read more]
BP, Equinor, Shell and Total say they recognize the importance of working with suppliers that respect human rights, in line with the UN Guiding Principles on Business and Human Rights. Total photo. Companies to create framework [Read more]
Chinese oil trading company Unipec is reported to have suspended imports of US crude as the trade war between Washington and Beijing intensifies. AP photo. Unipec on track to buy $700 million in US crude [Read more]
General Electric reports that an “oxidation issue” has forced the shut down of four GE power turbines in the United States. The company says it expects the same issue to affect more of the 51 [Read more]
OPEC net oil export revenues are expected to increase 30 per cent in 2018. This forecast increase follows higher anticipated annual crude oil prices in 2018 and more than offsets slightly lower crude oil production [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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