Tag: oil

Commercialization, Conventional Fuels

OPEC chief says global oil demand will pass 100 million barrels per day by 2020

October 19, 2017

Via: CNBC energy

OPEC General Secretary Mohammad Barkindo said Thursday that oil markets are rebalancing at “an accelerating rate” and that he foresaw “no peak” for oil demand for “the considerable future.” Speaking at the Oil & Money conference in London, Barkindo said […]

Commercialization, Conventional Fuels

Oil will crash to $10 a barrel with electric vehicle revolution, strategist says

October 13, 2017

Via: CNBC energy

Oil prices are poised to crash to just $10 per barrel over the next six to eight years as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of Longview Economics, told CNBC on Friday. […]

Chemical, Conventional Fuels, News and Policies, U.S.

Princeton Grads’ Energy Startup Provides Power To Native Americans Protesting Oil Pipeline

October 12, 2017

Via: Forbes

The concept of using a pipeline to transport oil and gas isn’t complex. It’s not much different to the pipes that carry water from household to household. And for decades the oil and gas industry has used pipelines to transport […]

Commercialization, Conventional Fuels

OPEC pumped at the second-highest level this year in September, raises oil demand forecast again

October 11, 2017

Via: CNBC energy

OPEC’s production hit the second highest monthly level this year in September, returning to growth after the oil cartel’s output fell for the first time in five months in August. On a more bullish note, the producer group on Wednesday […]

Chemical, Conventional Fuels

ARC Energy Research Institute Report: How to Invest in Crude Oil in a Carbon Constrained World

October 4, 2017

Via: PR Newswire

CALGARY, Oct. 4, 2017 /PRNewswire/ – Responding to the need for more vigilant action on mitigating carbon emissions, the ARC Energy Research Institute (“ARC”) has released “Crude Oil Investing in a Carbon Constrained World: 2017 Update.” The report provides investors, […]

Energy Economics

End of a golden era for refiners?

September 22, 2017

Via: Petroleum Economist

Like upstream, the refining sector has been undergoing consolidation over the past decade. Bigger players are holding on to plum assets and smaller independents have adopted agile business models to eke out profits from what’s left. Those who stuck with […]

Chemical, Conventional Fuels

Oil industry now worried about peak demand not peak production, says strategist

September 12, 2017

Via: CNBC energy

Oil prices are being weighed down by concerns we have reached the limits of demand which is crippling valuations more than other factors such as the threat from electric cars and national policies geared at banning vehicles running on petrol […]

Commercialization, Conventional Fuels

Oil firms as US Gulf refineries restart, dollar softens

September 7, 2017

Via: CNBC energy

Brent oil prices firmed on Thursday, hovering near 3-1/2-month highs as U.S. refiners restarting after Tropical Storm Harvey increased their crude processing and the U.S. dollar declined. Brent crude futures were up 39 cents at $54.59 a barrel by 0921 […]

News and Policies, World

Commentary: Understanding and using the Energy Balance

September 5, 2017

Via: International Energy Agency

The authors of this commentary are Duncan Millard, IEA Chief Statistician and Roberta Quadrelli, Head of Energy Balances, Prices, Emissions and Efficiency. Energy data are generally collected independently across different commodities, such as oil, natural gas or coal. As such, […]

News and Policies, World

Oil Demand Is Growing Nearly Everywhere

September 1, 2017

Via: Forbes

Earlier today I delivered the keynote address at the Uintah Basin Energy Summit in Vernal, Utah. The Uintah Basin is an oil-producing region predominantly in the eastern portion of Utah. Like many other oil-producing states, Utah saw its oil production […]

Commercialization, Conventional Fuels

Oil prices rise as Hurricane Harvey heads for US Gulf coast

August 25, 2017

Via: CNBC energy

Oil prices rose on Friday as the U.S. petroleum industry prepared for potential output disruptions as Hurricane Harvey headed for the heart of the nation’s oil industry in the Gulf of Mexico. The storm has rapidly intensified since Thursday, spinning […]

Commercialization, Conventional Fuels

Oil steady as market conditions tighten despite rising US output

August 21, 2017


An oil pump jack in the oil town of Gonzales, Texas. Oil markets were stable on Monday, largely holding on to Friday’s big gains even though rising U.S. output weighed on hopes the market will tighten after a 13 percent […]

Commercialization, Conventional Fuels

Oil prices fall amid broader market selloff, despite tightening supplies

August 18, 2017


Oil prices fell early on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. Brent crude futures, the international benchmark for oil prices, were at $50.93 per barrel at 0031 GMT, down […]

Emerging Technologies, Renewable Energy

Offshore Oil and Gas Has Experience and Innovative Technology To Help US Offshore Wind

August 17, 2017

Via: Renewable Energy News

While last week’s Offshore Wind Executive Summit was formulated in order to illuminate the offshore wind business opportunities that offshore oil and gas supply chain companies could take advantage of, it was clear during the conference that the US offshore […]

Commercialization, Conventional Fuels

Oil edges up on falling US crude stocks

August 16, 2017


Oil prices edged up on Wednesday, lifted by declining U.S. crude inventories, although markets were still restrained by excess supply. Market focus was turning to the release of official U.S. Energy Information Administration data later on Wednesday for a further […]