Tag: news

December 5, 2018

Ministers from the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC partners like Russia descend on Vienna this week with the idea of taming an oil market whipsawed by extreme volatility. But any notion that the cartel can successfully “manage” […]

October 15, 2018

Is $100 a barrel (bbl) inevitable? Brent crude is now trading at $82/bbl, a four-year high, and most analysts believe it won’t stop there. The geopolitical and global financial climate is certainly hospitable to rising oil prices: Saudi Arabia’s Jamal […]

October 15, 2018

States that want to keep their aging nuclear power fleet from retiring now have a court-approved roadmap for doing so. That’s because two federal courts of appeals last month upheld very similar state laws in Illinois and New York aimed […]

June 21, 2018

De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel and its allied partners to increase crude production by 1 million barrels per day (bpd) this week. Saudi Arabia’s Energy Minister Khalid al-Falih said Thursday that the world […]

June 20, 2018

President Donald Trump’s attempt to politicize the oil market should be castigated by OPEC, according to Iran’s energy minister. The U.S. president has sought to publicly intervene in OPEC’s policymaking ahead of a key meeting for the 14-member oil cartel […]

January 2, 2018

Oil prices appear poised to level off after a nearly six-month rally pushed futures to 2½-year highs at the close of 2017, analysts say. But several geopolitical hot spots could keep the run-up in the energy complex alive. The oil […]

October 31, 2017

Changes abound in the Middle East and North Africa, but the pace of economic and social reforms needs to increase, according to one senior voice at the International Monetary Fund (IMF). Global growth will be 3.6 percent for the fiscal […]

September 1, 2017

Crystalline-silicon solar manufacturer SolarWorld Americas announced Thursday that it has supplied 14.2MW of its solar panels for a project in Nevada that combines both complementary solar and geothermal power generation. The project at Patua, located about 40 miles east of […]

August 29, 2017

Crude traded in a narrow but volatile range on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States, the world’s largest oil consumer, after a hurricane ripped through the heart […]

August 22, 2017

Having succeeded in making the first ever solar-powered round-the-world trip in 2012, the team behind PlanetSolar, the largest solar-powered boat in the world, have now set their sights on another solar-powered first — a journey into space. To further demonstrate […]

August 16, 2017

It’s been over three years since New York’s Reforming the Energy Vision effort began. Under the initiative, regulators, utilities and third-party technology companies are coming together to recalibrate and optimize New York’s electricity market with distributed energy resources. There are […]

August 15, 2017

Duke Energy Renewables has purchased its first renewable energy project in New York. The 24.9-MW Shoreham Solar Commons project on Long Island, currently under construction in Brookhaven by Invenergy, is one of the largest solar projects in the state. When Shoreham […]

August 15, 2017

Proponents of nuclear power are pushing to revive a failed project to build two reactors in South Carolina, arguing that the demise of the $14 billion venture could signal doom for an industry that supplies one-fifth of the nation’s electricity. Even […]

August 14, 2017

Is offshore wind the next big thing? It could be for the United States. As global project costs continue to drop, America is building on the momentum of its first commercial offshore wind farm. The Block Island Wind Farm, off the […]

August 14, 2017

U.S. crude oil output is now closing in on 9.5 million b/d, the highest levels in two years and almost double what we were producing a decade ago. But, while our demand has basically been flat, oil is a global commodity and imports […]