Category: Commercialization

August 12, 2019

Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude. International benchmark Brent crude futures were at $58.65 a barrel, up 10 cents […]

August 9, 2019

A United Nations mandate on the shipping industry to remove up to 85% of the sulfur content from its fuel to cut 3% of global carbon dioxide emissions could throw the industry into massive disruption. Some analysts argue it could […]

August 8, 2019

Oil prices have tumbled in the past month well into bear-market territory. The market-opening price for WTI on Thursday was slightly above $52 a barrel. The Brent international benchmark price was just above $57 a barrel. The oil sector is […]

August 7, 2019

The US Energy Information Administration (EIA) has released its Short Term Energy Outlook for 2019 and we have summarized the key highlights for you below. Electricity, coal, renewables and emissions EIA expects the share of U.S. total utility-scale electricity generation […]

August 7, 2019

The “Chemical Enhanced Oil Recovery (EOR / IOR) – Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering. Chemical Enhanced Oil Recovery (EOR / IOR) market worldwide is projected to grow by US$329.2 Thousand, guided by a […]

August 5, 2019

The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) selected five projects to receive approximately $39.9 million in federal funding for cost-shared research and development projects under funding opportunity announcement (FOA), Advanced Technologies for Enhanced Oil Recovery. DOE […]

July 30, 2019

Energy giant BP reported better-than-expected second-quarter net profits on Tuesday, saying it is “right on target” at the midpoint of its five-year plan. U.K.-based BP posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.8 […]

July 22, 2019

The United States and Iran both say they want to avoid war. Even without one, the drama we’ve seen the last two months in the Persian Gulf still presents a threat to the global energy industry. That risk is incredibly […]

July 12, 2019

The International Energy Agency (IEA) expects the return of an oversupplied oil market next year, despite the recent rollover of an OPEC-led pact designed to restrain any glut. The energy agency said the “main message” of its closely-watched report was […]

July 2, 2019

The success, or failure, of trade talks between the U.S. and China will be a decisive factor in the oil price outlook this year, despite OPEC’s decision to extend production cuts, oil market expert Amrita Sen told CNBC on Tuesday. […]

July 1, 2019

OPEC and its allies looked all but certain to extend oil supply cuts by nine months, after several members of the Middle East-dominated producer group endorsed a policy designed to support oil prices amid a weakening global economy. Saudi Arabia’s […]

June 24, 2019

Oil traders are under-prepared for another flare-up in U.S.-Iran tensions, energy analysts have told CNBC, as President Donald Trump’s administration prepares to impose “major ” new sanctions on the Islamic Republic. Six oil tankers and a U.S. spy drone have […]

June 19, 2019

Oil prices turned around on Wednesday after a surprise draw down in U.S. supply lifted sentiment in the market. U.S. crude inventories decreased by 3.1 million barrels last week, according to Energy Information Administration. Brent crude futures traded 22 cents […]

June 17, 2019

I have written about this topic before, but it deserves a review at this crucial point in time where the oil markets are concerned. Just half a year after they agreed to implement significant new cutbacks in their crude oil […]

June 11, 2019

It’s no secret that the long term outlook for coal power in the global market is rather gloomy these days, and the decline could accelerate as the money pipeline dries up. According to one recent analysis, since 2013 more than […]