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Crude
Asia Seen Adequately Prepared for Deeper OPEC Crude Output Cuts
Asia appears well prepared for OPEC's new crude production cut era as Chinese, South Korean and Japanese refiners' flexible feedstock procurement strategies wou…
No Oil Discovery After Staatsolie’s Six-Well Campaign Off Suriname
Staatsolie said earlier this week that it had drilled six exploration wells as part of its nearshore drilling campaign. While no commercial oil discovery was ma…
28 Years Ago, Big Oil Predicted Carbon Tax was Necessary to Stop Global Warming
As far back as 1991, the Canadian arm of Exxon Mobil Corp.’s empire anticipated that a high tax on carbon emissions would be necessary to maintain a stable cli…
Crude
OPEC Fails to Pin Down New Output Target after Marathon Talks
OPEC failed nail down the details of an agreement to adjust its official production target, as six hours of talks in Vienna found no resolution amid objections …
Coal Power
What does a Sunset Coal Industry Tell Oil Producers About Peak Demand?
Coal has been the main fuel of industrialization over the past century and a half. To this day, it remains a key feedstock for power generation and in making st…
Wind Capacity Exceeds Hydro, While Solar Tops Oil in US
New capacity placed into service that month included 359 MW of wind and 232 MW of solar but only 100 MW of natural gas.
Oil & Gas Trade
Oil Security Issues Remain Major Challenge for African Energy Industry
Security issues remain a major challenge for African energy industry, necessitating the urgency for African governments and oil companies to do more to protect …
Oil & Gas Trade
Gail India Offers Up to 10 LNG Cargoes for Loading from U.S.
Gail has offered up to 10 liquefied natural gas cargoes for loading in the United States over early 2020 to early 2021, two industry sources said on Thursday.
Crude
Crude Oil Futures in Consolidation Mode as Markets Await OPEC Meet
Crude oil futures were marginally lower during morning trade in Asia on Thursday amid some profit-taking after gaining more than $2/b during Wednesday's trading…
Oil & Gas Trade
In 2020 OPEC+ Faces Slowing Demand Growth in Rival Production
OPEC and its allies sent mixed signals about whether they were considering deeper production cuts, fanning oil-market speculation before crucial talks in Vienna…
CCS
UK Oil Industry Calls for Urgent Action for Carbon Capture, Use And Storage(CCUS)
Investment in the energy sector needs to double from £20-£25bn a year today to £40-£40m if the UK is to meet its net zero challenge.
Oil & Gas Trade
Iran Still Selling Oil Despite US Sanctions on Tehran’s Exports
Iran is still selling its oil despite US sanctions on Tehran’s exports, the country’s Vice President Eshaq Jahangiri was quoted on Monday as saying by state T…
Without the Enforcement of Environmental Laws, Oil Infrastructure Projects in Timor-Leste Come at a Cost
Ignoring environmental laws in Timor-Leste to build a petroleum infrastructure project could mean serious problems for communities including environmental destr…
As Climate Warnings Grow Dire, Energy Companies Face A 'New Frontier Of Threats'
But in the coming months, the Interior Department will sell leases to companies that intend to drill for oil and gas in the refuge's coastal plain.
Oil & Gas Trade
Does OPEC See U.S. Oil Output as Half Full or Half Empty?
Ahead of their meeting in Vienna later this week, OPEC’s oil ministers have done a good job of convincing themselves that they can simply decide to hold steady…
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