Oil prices rose on Friday after reports that OPEC and its allies would increase production by a total of 500,000 barrels per day to avoid global crude shortages due to the Trump administration’s reimposition of [Read more]
The White House is anxious to avoid being blamed by US motorists for any further oil price escalation, especially in the run-up to a tough mid-term election on Nov. 6. Trump trying to control oil [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]
Oil prices fell Thursday, slowing a recent wave of price increases, after a tweet from US President Donald Trump called for OPEC to “get prices down now!”. Oil prices expected to be in $80/barrel range [Read more]
US Refiners have carried on processing at elevated rates well after the end of the normal summer driving season and into September in order to rebuild previously depleted distillate stocks. Phillips 66 photo. US refiners will [Read more]
Since mid-2017, East Coast refiners have been receiving as much crude oil by tanker and barge from the Gulf Coast as they have by rail from the Midwest. Bloomberg photo. Shipments to East Coast refiners [Read more]
According to the most recent results from EIA’s Residential Energy Consumption Survey (RECS), about one in five households reported reducing or forgoing necessities such as food and medicine to pay one of their energy bills, and 14 [Read more]
On Monday, the Audi electric SUV was unveiled in San Francisco to an enthusiastic crowd. The company also announced a deal with Amazon.com that it says will make it easier to charge the company’s e-tron [Read more]
One thousand Hyundai hydrogen powered commercial trucks will be sold by the South Korean automaker and its partners in Switzerland in the coming five years. Hyundai image. Hyundai hydrogen powered trucks to launched at the [Read more]
West Texas Intermediate oil prices topped $70/barrel Wednesday after data released by the US Energy Information Administration showing a decrease in US crude stocks and strong demand for gasoline. Nabors photo. Oil prices up as [Read more]
Canadians support a balanced, pragmatic approach to new pipelines – not Canada Action’s shrill tub thumping Jonathan Teghtmeyer points out that Alberta teachers are informed, discerning folks quite capable of hearing both sides of a [Read more]
Most traders see little prospect of a sustained rise in natural gas prices. Hedge fund managers hold a net long position in natural gas futures and options equivalent to 1,336 bcf, down from 2,223 bcf [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]
In February, US crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the US surpassed Russia in crude oil production for the first [Read more]
According to a study by PricewaterhouseCoopers, the negative impact of US tax reform on Canada’s economy could be 1o times greater than the potential fallout from a NAFTA termination. US tax reform puts a number [Read more]
The Pembina Institute supports establishing a target for the reduction of freight pollution by 30 per cent by 2030 compared to 2015. Istock photo. Freight pollution accounts for about half of BC’s transportation emissions By [Read more]
Oil prices rose on Tuesday after OPEC signalled it is not interested in changing its current output despite looming US sanctions on Iranian crude exports. Equinor photo by Ole-Jørgen-Bratland. Saudi Arabia comfortable with oil prices [Read more]
While renewable energy has made great strides recently, they still lagged well behind fossil fuels in total electricity generation and also collectively trail nuclear power. Repsol photo. Natural gas the most common fuel source for [Read more]
Investors are growing more concerned about the ongoing and growing trade war between the Trump administration and Beijing, though looming US sanctions on Iranian crude exports continue to support the market. Repsol photo. Oil prices [Read more]
Hedge funds and other money managers cut their combined net long position in the six most important petroleum futures and options contracts by 29 million barrels in the week to Sept. 11. Repsol photo. Hedge [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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