Hedge fund managers have gambled everything on a goldilocks scenario in which oil prices rise without damaging demand or spurring too much shale drilling. Anadarko photo. Hedge fund community’s positioning has become “exceptionally lopsided” By [Read more]
Despite a $312 million writedown on Halliburton Co assets in Venezuela, the company reported a 34 per cent jump in first quarter revenue, mostly due to strong North American demand. Reuters photo by Richard Carson. [Read more]
Oil prices were mixed on Monday after Iran’s oil minister, Bijan Zangeneh (pictured), said the OPEC supply cut agreement does not need to be extended if high oil prices continued. AP file photo by Vahid Salemi. [Read more]
Six-in-ten say Kinder Morgan could have done a better job earning the public’s trust on this project, brought trouble on itself Angus Reid has conducted a poll on Canadian’s thoughts on Kinder Morgan’s Trans Mountain [Read more]
Government says proposed legislation would help stabilize electricity prices The Alberta Government is introducing legislation called “An Act to Secure Alberta’s Electricity Future” to better protect consumers by empowering the Alberta Utilities Commission (AUC) to penalize [Read more]
Photo: Barry Caruth, Creative Commons license Gradual lowering carbon-intensity of crude oil, operations over long time-frame is real goal of new HSBC lending policy A press release from international banking giant HSBC caused a flutter on [Read more]
The Tesla/BP wind farm battery storage pilot project will be at BP’s Titan 1 wind farm in South Dakota. BP photo. Wind farm battery storage project will use 212kW/840kWhr Tesla battery BP Wind Energy and [Read more]
On Friday, Baker Hughes data showed the US oil rig count rose by five to 820, 132 more than this time last year. In Canada, the oil rig count is down by three to 38. [Read more]
Early on Friday morning, US President Donald Trump tweeted that “OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very [Read more]
In 2016, 36% of total US fuel cell capacity was in California At the end of 2016, the United States had 56 large-scale fuel cell generating units greater than 1 megawatt (MW), totaling 137 megawatts [Read more]
To achieve a truly sustainable energy system, renewables needs to more than double to 21% by 2030 The world is not on track to achieving energy-related Sustainable Development Goals, according to a new series of Policy [Read more]
Mexico moved away from regulated propane prices towards market-based wholesale prices throughout 2017 The value of Canada’s propane exports to Mexico totaled $204.7 million in 2017, an increase of nearly eight times from the $25.4 million exported [Read more]
Photo: American Chemical Society Government say amendments expedite restoration, protect environment The Ministry of Energy, Mines and Petroleum Resources is looking to improve the restoration of orphan wells in British Columbia and better protect the [Read more]
6 countries (Brazil, Japan, Ukraine, Canada, India, South Korea) importing metallurgical coal from U.S. accounted for over half of all metallurgical exports in 2017 The United States exported 97.0 million short tons (MMst) of coal [Read more]
Total SA to purchase 74.3 per cent of Paris-based Direct Energie for €1.4 billion as the European oil major shifts into natural gas and electricity distribution. Bloomberg photo. Total SA joins other European energy giants in [Read more]
An expanding middle class in India means more people are flying to their destinations, boosting demand for jet fuel to record highs this year. India Times photo. Indian government’s infrastructure overhaul has boosted demand for [Read more]
Chinese commercial well costs have fallen 25% since 2014, are more than 20% higher than comparable US wells Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells [Read more]
US oil prices hit $69.56 during trading on Friday, the highest since Nov. 28, 2014. Benchmark Brent touched $74.74/barrel, its highest since Nov. 27, 2014. Anadarko photo. Oil prices rise as global crude glut shrinks [Read more]
Strong demand growth for oil expected through 2020, as refiners enjoy extended “mini” golden age Short-term oil demand is still growing strong and will continue to do so through the end of 2020; a trend [Read more]
OPEC and its allies, as well as other oil producers, need to incorporate the increasing probability of a US recession and global slowdown when projecting oil consumption and prices in 2019 and 2020. 40 per [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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