Representatives from major US shale oil producing companies met with OPEC at least twice this year and are set to meet with the cartel in Vienna next week. Continental Resources photo. US shale billionaire Harold [Read more]
EIA expects OPEC crude oil production will average 32.0 million b/d in 2018, a decrease of about 0.4 million b/d from 2017 In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude [Read more]
Jaden Holle; Leonard Bastien, Elder, Blackfoot confederacy; Minister of Economic Development and Trade Deron Bilous; Jessica Wilson; Lindsay Lockwood welcome participants to the Global Petroleum Show. Government of Alberta photo. New investment, partnership opportunities as [Read more]
US oil prices rose slightly while Brent slipped just under 1 per cent in trading on Thursday as a rising US dollar and weakening euro pressured crude prices on Tuesday. BP photo. Brent oil prices [Read more]
Data from the US Energy Information Administration shows competitive power marketers supplied about 21 per cent of the retail electricity sold in the United States in 2016, up from 11 per cent in 2005. Inigo Skies [Read more]
According to the US Energy Information Administration, distillate fuel was the most exported US petroleum product in 2017 and averaged 1.4 million b/d of gross exports. Bloomberg photo by Eddie Seal. Distillate fuel exports were [Read more]
As 2020 deadline looms, shippers must commit to one of several costly compliance pathways or face fines, reputation damage, potential loss of insurance coverage Recent moves by the International Maritime Organization (IMO) have signaled a [Read more]
USA expected to add 6.05 Bcf/d of new liquefaction capacity by 2021, in addition to 3.5 Bcf/d already in operation Global trade in liquefied natural gas (LNG) reached 38.2 billion cubic feet per day (Bcf/d) [Read more]
Last month, US President Donald Trump the “highest level” of US sanctions would be implemented against Iran after the US abandoned the Iran sanction relief agreement. AP photo by Evan Vucci. OPEC asked to support [Read more]
Jet fuel prices have hit six-year highs. One reason for the increase is unique properties of US shale that refiners have to deal with when refining the plentiful crude. Alaska Airlines photo. Rise in use [Read more]
Norwegian oil and gas company Equinor says global oil demand could peak in the early 2020s if countries hit their climate goals or continue to grow into the 2050s in a “conflict-ridden world”. Equinor photo [Read more]
Competitors of Alberta heavy crude oils – Venezuela, Iran, Iraq – subject to risk caused by geopolitical tensions With global oil markets now largely rebalanced, risks to oil prices, including the geopolitical risks grabbing news [Read more]
Royal Dutch Shell and other oil majors are facing increasing shareholder pressure to tackle global warming and hit clean-energy targets outlined in the 2015 Paris climate accord. Shell photo. Royal Dutch Shell offering packages to [Read more]
Increasing demands by operators of wind turbines on service and maintenance providers creating cost pressures By Kai Eckert, SUN & WIND ENERGY The market for providing independent service and maintenance is moving ever-more strongly away from full [Read more]
ExxonMobil sent its global oil marketing team to China this week in an effort to gain access to independent, or teapot refiners who are big foreign crude buyers in the world’s largest oil importing country. [Read more]
According to the United States Energy Information Administration, US oil production reached a record high of 10.47 million barrels per day in March. Anadarko photo. US oil production up 215,000 b/d in March Data from [Read more]
In 2017, the EU was second largest market for renewables in the world As European Commissioner for Climate Action and Energy, Miguel Arias Cañete is tasked with accelerating the deployment of renewable energy in the [Read more]
Hedge funds and other money managers reduced their net long position in the six major petroleum futures and options contracts in each of the five weeks to May 22 by a total of 108 million [Read more]
Oil prices fell on Tuesday after Saudi Arabia and Russia announced that participants in the OPEC pact may boost their production by 1 million barrels per day to compensate for Venezuelan and Iranian supply shortfalls. [Read more]
Record high US crude exports to Asia are cutting into traditional Russian and OPEC markets and the widening discount between Brent crude and WTI prices is encouraging buyers to diversify. Bloomberg News photo by Eddie [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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