- Five Major Challenges Facing The Energy Industry
- Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head
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302019-09
- US 2019 crude output to rise by 300mbpd
- The US energy information adminstration expects US crude oil production in 2019 to rise by 300,000 barrels per day year-on-year,according to its monthly short term energy outlook released on Tuesday.
292019-09
- Me and my motherland Kolanky
- Celebrating the 70th anniversary of the country, the KOLANKY team’s song
282019-09
- Canadian drillers add most oil rigs in two years
- Energy firms in Canada more than doubled the number of rigs drilling for oil this week to the highest level in almost two years as producers returned en masse from Christmas breaks and crude prices remain near 18-month highs.
282019-09
- Venezuela publishes Oil Prices in Chinese Currency for First Time
- Venezuela on Friday published the price of its oil and fuel in Chinese currency for the first time, following President Nicolas Maduro's announcement that the government would ease off the U.S. dollar in respinse to sanctions by the United States.
Maduro last week said his government would shun the dollar after Washington blocked Americans from certain financial dealings with Venezuela on charges it is undermining democracy.
252019-09
- Lack of discoveries,offshore drilling pressure oil
- A lack of significant oil discoveries,coupled with the fact that very few ultra-deepwater rigs are currently contracted,means supply is likely to fall in the coming years,pushing up prices,according to Tudor Pickering Holt.
232019-09
- Citi: Oil prices likely stuck between $40 and $60 for next 5 years with some shocks along way
- Citi's commodities research team has tempered its outlook for oil prices over the next five years, but it sees room for price shocks if oil supply disruptions increase dramatically or fall off significantly in the coming years.
The bank had projected in February that U.S. crude prices would likely trade mostly in a range of $40 to $65 from 2017 to 2022. It now sees prices trading at $40 to $55 a barrel in the 2018 to 2020 period and then $50 to $60 through 2022.
202019-09
- Here's why oil’s future is grim
- What do auto manufacturers, utilities and oil companies have in common with Kodak, Blockbuster and Macy's? Their business models are rapidly vanishing under the pressure of technology innovation and societal norms.
192019-09
- Israel to Increase Gas Exports to Egypt via EMED Pipeline
- Israel is significantly increasing the amount of natural gas it plans to export via the EMED Pipeline to Egypt under a landmark deal, Israeli energy compani
182019-09
- Austria's OMV, AustroCel Cooperate to Supply Advanced Bioethanol
- Austria's OMV AG (OMV.VI) said it signed an agreement with AustroCel Hallein GmbH to supply advanced bioethanol in an effort to meet sustainability goals.Austro
172019-09
- US crude sinks 2%, settling at $47.43, as Storm Harvey heads into Gulf of Mexico
- Oil prices fell on Thursday amid concerns over demand as U.S. Gulf Coast refineries shut operations as Tropical Storm Harvey was forecast to turn into a major hurricane.
Benchmark Brent crude was down 59 cents, or 1.1 percent, a barrel at $51.98 by 2:15 p.m. ET (1815 GMT). U.S. light, sweet crude ended Thursday's session down 98 cents, or 2 percent, at $47.43 a barrel.
