Strong fundamentals have discouraged aggressive short-selling and convinced many managers of hedge funds to retain (most of) their existing long positions despite the recent pull back in crude prices. Apache photo. Hedge funds hold over [Read more]
A Russian self driving car took on icy roads during recent snowstorm to gather data to help autonomous vehicles travel in wintery conditions. Getty Images photo by Mikhail Svetlov. Russian self driving car test part of [Read more]
Last year, Enbridge identified non-core assets worth US$8 billion that it could sell to reduce its debt load. Enbridge accumulated more debt in merger with Spectra Energy in February 2017 The Globe and Mail reports [Read more]
Oil prices rose on Friday. Benchmark Brent was on track to end the week up over 3 per cent after a drop of over 8 per cent last week. Oil prices up as US dollar [Read more]
Harsh winter conditions as well as Canadian railways’ recent volume growth have stranded some Alberta oil shipments. CP Rail photo. Stranded Alberta oil shipments have led to plummeting crude prices Bloomberg reports a shortage of [Read more]
Trump offshore drilling plan announced in late January would see federal waters off nearly every state opened to oil and gas drilling. Getty Images photo by David McNew. Trump offshore drilling plan not “in the [Read more]
One analyst says high US production, rising gasoline stocks and a shrinking price premium of Brent over WTI paints a bearish picture for oil prices. Statoil photo. Oil prices mixed, premium of Brent over WTI [Read more]
OPEC’s Secretary General Mohammad Barkindo floated the idea of institutionalizing the OPEC supply cut agreement in October, 2017. OPEC photo. OPEC supply cut agreement began in January 2017 United Arab Emirates’ Energy Minister Suhail Al [Read more]
Developers of new deepwater oil projects are looking to keep their operations cheap and simple. Shell photo. Some deepwater oil projects rejuvenating existing fields Royal Dutch Shell says Penguins, its latest British North Sea oil [Read more]
The Netherlands offshore solar farm, similar to the Kagoshima Nanatsujima Mega Solar Power Plant in Japan (shown), will help the Dutch cut their fossil fuel use and meet their GHG emissions targets. Kyocera Corporation photo. Netherlands [Read more]
Oil prices rose slightly on Wednesday after the US Energy Information Administration reported US crude stocks rose by 1.8 million barrels, 1 million barrels less than anticipated. Oil prices rebound from earlier losses Oil prices [Read more]
OPEC will review progress towards its goal of eliminating excess global inventories at its next regular meeting in June, but ministers have downplayed suggestions the review could lead to an early exit from the accord. [Read more]
Critics are concerned the sale of petro crytocurrency nothing more than a debt issuance by Venezuela. Venezuelan government hopes Petro Cryptocurrency will help relieve economic crisis Venezuelan President Nicolas Maduro said on Tuesday that next [Read more]
Oil prices rose slightly on Monday after benchmark Brent hit two-month lows early in the session. Anadarko photo. Seasonal factors may also be factor in declining oil prices Oil prices rebounded slightly from earlier losses [Read more]
Along with participating in the OPEC supply cut pact, Russian Energy Minister Alexander Novak says Russia and Saudi Arabia are also working together on energy projects, including oil services and petrochemicals. Lukoil photo. Russia looking [Read more]
Commentators have identified several possible triggers for the correction in oil prices, including the sharp drop in U.S. equities, recent dollar strengthening and the unexpectedly rapid increase in U.S. shale production. Shell photo. Near-record net [Read more]
Oil prices were up slightly on Monday, helped by weaker US dollar and strong demand for crude. Nexen photo. US oil prices up almost 1 per cent On Monday, slightly higher oil prices regained some [Read more]
The federal government’s announcement of new legislation for consideration of energy projects addresses competitiveness of the Canadian energy sector. This article was released by the C.D. Howe Institute and posted in the Globe and Mail [Read more]
Protestors gathered outside the California state legislature in Sacramento to protest the Trump administration’s changes to the US offshore oil drilling plan. CALmatters.org photo. Trump administration expanded its offshore oil drilling plan last year At [Read more]
Oil prices fell on Friday. US WTI fell below the $60 mark for the first time since late December. Seven Generations photo. Oil prices down over 9 per cent from 2018 high in late January [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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