A number of oil majors say they will boos their capital spending in 2018 after oil topped $70/barrel in January. Anadarko photo. Capital spending fell to $200 billion in 2016 According to a report by [Read more]
Australia accounts for the highest amount of China’s coal imports at 79.91 million tonnes. EndCoal.org photo by Max Phillips. China’s coal imports from North Korea banned in February 2017 In 2017, China’s coal imports from [Read more]
Rising political unrest in Venezuela is fuelling the recent oil price rally. AP photo by Fernando Llano. Oil price rally could mean $80/barrel crude The oil price rally that boosted prices over $70/barrel this month [Read more]
US President Donald Trump imposes a solar panel tariff on imports. The decision could cost thousands of jobs in the United States and billions of dollars in lost investments. Shutterstock photo. 30 per cent solar [Read more]
Chinese EV makers will be able to take advantage of international partner’s technology, operation expertise Under heavy subsidies from the government, China’s electric vehicles (EV) market has grown exponentially to overtake the United States as [Read more]
Saudi Arabia’s Energy Minister Khalid al-Falih said he thinks participants in the OPEC supply pact should continue to work together on rebalancing the oil markets beyond the end of 2018. Reuters photo by Heinz-Peter Bader. [Read more]
Mood at World Economic Forum 2018 in Davos to be one of broad-based optimism Momentum behind the world economy remains strong despite continued political and policy uncertainties, according to new analysis released today at the [Read more]
Economic growth fuels business confidence and investment intentions in Canada Higher-than-expected economic growth in 2017 will fuel Canadian business confidence in 2018, leading to a jump in planned investments by small and mid-sized enterprises (SMEs), says a new study. The [Read more]
Photo: TransCanada Qualification focuses on leadership skills and community involvement, not solely academic performance TransCanada Corporation announced it is expanding its community scholarships program to further help hundreds of North Americans gain skills to realize [Read more]
OPEC producers continue to match and better pledges made to cut their crude output. CNBC photo. OPEC producers cut output by 1.8 million b/d to rebalance market OPEC producers are concerned rising US shale production [Read more]
China coal use has risen significantly, despite pledges by Beijing to cut back on the carbon intense fuel. ChinaFotoPress/ChinaFotoPress via Getty Images. China coal mining ramped up to highest levels in years China coal miners [Read more]
NOAA, NASA scientists confirm Earth’s long-term warming trend continues After three consecutive years of record-high temperatures for the globe, Earth was a slightly cooler planet in 2017. But not by much, according to the U.S. [Read more]
Venezuelan oil output has fallen significantly and experts say the decline could continue. AFP/Getty Images photo. Venezuelan oil output down nearly 13 per cent last year OPEC data released on Thursday showed Venezuelan oil output [Read more]
Strong commercial support advances Keystone XL pipeline project to construction preparation TransCanada Corporation announced it has successfully concluded the Keystone XL pipeline open season, securing approximately 500,000 barrels per day of firm 20-year commitments, positioning [Read more]
Washington and Oregon states both have put forward pollution pricing plans to their legislatures for approval this year. BP photo. Pollution pricing already in place in California, British Columbia By the end of 2018, California, [Read more]
US net pipeline imports from Canada continued to decline in 2017 In 2017, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units (MMBtu), about 50 [Read more]
New technologies will help keep energy costs low and offer more sustainable and greener energy future, says US energy group Industry association Consumer Energy Alliance (CEA) says that advancements in new technology and innovation through techniques [Read more]
Alberta has utilization rate of 47% for first week of January Fifty-two per cent of drilling rigs are active in Western Canada, levels not seen since Jan. 2015, one more sign that the Canadian oil and [Read more]
Record auto sales behind rapidly growing oil consumption, estimated to reach 101 million b/d by 2019 As final light vehicle sales figures for the month of Dec. are now fully reported from major markets, 2017 [Read more]
US fuel economy expected to be higher for 2017 models US fuel economy for 2016 car and truck models hit a record high of 24.7 miles per gallon (mpg), according to a report released by [Read more]
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