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News

US petroleum, natural gas production hits record high in 2018

August 21, 2019 Energi Staff

By Bill Brown, Ari Kahan  This article was published by the US Energy Information Administration on Aug. 20, 2019. US petroleum and natural gas production increased by 16 per cent and by 12 per cent, [Read more]

oil market
Opinion

Opinion: Oil market power ebbs from OPEC to the troika: USA, Russia, Saudi Arabia

November 26, 2018 Energi Staff

The troika, which is made up of the United States, Russia and Saudi Arabia, has been the driving force behind critical decisions concerning the oil market, pushing out OPEC. Troika production decisions determine if the [Read more]

oil market
Opinion

Opinion: Russia and Saudi Arabia’s oil market challenge

November 7, 2018 Energi Staff

According to TASS news agency, Russia and Saudi Arabia are in discussions to cut production next year to balance the oil market and stabilize prices.   OPEC, allies’ goal to keep oil market close to balance [Read more]

US crude
News

US crude production tops Russia, Saudi output

September 18, 2018 Energi Staff

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]

OPEC
News

OPEC, non-OPEC may formalize oil policy cooperation: Reuters

September 5, 2018 Energi Staff

On Wednesday, Reuters reported that OPEC and some non-cartel countries, including Russia, are looking to formalize their cooperation by a enacting a charter that will allow further joint action on production.  Organization of Petroleum Exporting [Read more]

Opinion

Opinion: Oil market balance of power shifts to Saudi Arabia and Russia

August 8, 2018 Energi Staff

John Kemp argues that most of the changes in the power behind the oil market can be traced back for 20 years or more, though some of them have recently accelerated, such as the recent [Read more]

Opinion

Opinion: Oil market enters post-OPEC era

August 7, 2018 Energi Staff

The real negotiations now take place between Riyadh and Moscow, behind closed doors and far away from OPEC headquarters in Vienna, reflecting their market calculations, and relationships with the United States.  AFP/Getty Images photo by [Read more]

US LNG
News

Trump trying to bully Europe into buying US LNG: Kremlin

July 12, 2018 Energi Staff

The Kremlin took a swing at US President Donald Trump’s assertion that Germany was a “captive” of Russia because it relies on Russia for some of its natural gas needs.  NBC News photo. US LNG [Read more]

OPEC output
News

Russian, OPEC output may increase by about 1M barrels per day

May 25, 2018 Energi Staff

After US President Donald Trump complained about rising oil prices, Saudi Arabia and Russia are considering boosting Russian and OPEC output by about 1 million barrels per day.  Anadarko photo.   Russian, OPEC output curbed by [Read more]

USA

United States remains world’s top producer of petroleum and natural gas hydrocarbons

May 21, 2018 Markham Hislop

Russian and Saudi natural gas production expanded significantly in 2017, at 8% and 6% year-on-year growth The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record [Read more]

middle east
News

Countries in and around Middle East adding 41 gigawatts of coal-fired electricity

May 11, 2018 Markham Hislop

Out of Middle East countries, Turkey uses more coal powered electricity than most others Planned coal-fired capacity additions from a number of countries in and around the Middle East will add 41 gigawatts (GW) of [Read more]

OPEC pact
News

Post OPEC pact, Russia considers working with cartel to control crude supplies

April 3, 2018 Energi Staff

Russia and the Organization of Petroleum Exporting Countries are looking at forming a joint organization after the OPEC pact to curb global crude supplies expires at the end of the year.  Financial Tribune photo. OPEC [Read more]

Exxon
News

Exxon opts out of some Rosneft JVs over western sanctions

March 1, 2018 Energi Staff

Citing an early exit from some projects with Rosneft due to 2014 sanctions imposed on Russia by the US and European Union, Exxon recorded a $200 million after-tax loss in the final quarter of 2017.  Sputnik [Read more]

russian self driving car
Innovation

Russian self driving car tackles winter conditions in Moscow

February 16, 2018 Energi Staff

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]

OPEC
News

Russia looking at long-term relationship with OPEC

February 13, 2018 Energi Staff

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]

canada
Opinion

Is $70 oil enough? Volatile year expected for oil prices

January 19, 2018 Markham Hislop

Possible US crude production could soon overtake Saudi Arabia and rival Russia’s International Energy Agency commentary The price of Brent crude oil closed earlier this week above $70/bbl for the first time since Dec. 2 [Read more]

No Picture
Markham on Energy

Saudis roll the dice, hope production deal doesn’t awaken slumbering American shale giant

October 3, 2016 JZadmin

Even if OPEC, Russia deal works as hoped, uptick in US shale production could keep prices depressed Crude oil prices rose Friday on news that OPEC agreed to stabilize global markets. Somewhere in Riydah, Deputy Crown Prince [Read more]

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In the Spotlight

Alberta needs a Plan B

by Markham Hislop in Markham on Energy

Oil finally has a competitor (electricity) Alberta already has a Plan A. It’s called the Emissions Reduction and Energy Development Plan. To understand how risky it is, you need to understand OPEC’s “Oil and Gas [Read more]

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