As China’s energy imports rise, so energy security climbs up the political agenda.
In 2014 Xi Jinping, General Secretary of the Communist Party of China, outlined a long-term energy strategy that included strengthening the domestic and overseas supply of oil and gas.
More recently, external pressures, notably a more bellicose United States, China’s key strategic competitor, have only heightened China’s ...
Source: Platts - The Barrel Blog News Feed
The best path forward for Diamond Offshore and its stakeholders is to seek Chapter 11 protection, according to the company's president and CEO.
Source: Rigzone.com: Company Operations News
Crude extended its slide below $11 a barrel after the biggest oil exchange-traded fund unexpectedly began selling all its holdings of the most active contract amid rapidly dwindling storage capacity.
Source: Rigzone.com: Latest News Headlines
(Tue, 28 Apr 2020) Five energy flow diagrams with data for 2019 show U.S. production and consumption of total energy, petroleum, natural gas, coal, and electricity. EIA’s U.S. energy consumption by source and sector chart shows the distribution, by both energy source and sector, of the 100.2 quadrillion British thermal units (Btu) of U.S. primary energy consumed in 2019.
President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to the U.S. oil industry With last month having seen the indignity of the principal U.S. oil benchmark, West Texas Intermediate (WTI), having fallen into negative pricing territory, U....
Regular Gasoline Retail Price
(Dollars per Gallon)
1.773 .. U.S.
1.810 ... East Coast
1.833 .... New England
1.997 .... Central Atlantic
1.684 .... Lower Atlantic
1.478 ... Midwest
1.508 ... Gulf Coast
1.809 ... Rocky Mountain
2.454 ... West Coast
2.216 ... West Coast less California
2.652 .... California
1.677 .... Colorado
1.755 .... Florida
Emissions from venting and flaring, as well as fugitive emissions, decreased significantly since 2005, according to Canada’s 2020 greenhouse gas inventory.
From 1990 to 2018, data show that the oil and natural gas industry saw declines of 49 percent and 43 percent for venting and flaring emissions, respectively. Meanwhile, fugitive emissions – or emissions from leaks or other unintended ...
Source: Energy In Depth
While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of U.S. liquefied natural gas (LNG) have been cancelled by buyers in Asia and Europe, according to Reuters. The global pandemic and the unfolding economic crisis have slashed demand for gas worldwide. Cheniere Energy, ...
The United States Oil Fund (USO) is once again shaking up oil markets, and WTI is now down more than 21% on the day. The USO Fund’s administration, USCF, announced on Monday that it intends to sell off all of its WTI contracts for June delivery—that’s all its front-month contracts that the fund was designed to invest in. Instead, the ...
The United States Oil Fund (USO) that was responsible for last Monday’s oil crash into negative territory is once again shaking up oil markets, and WTI is now down more than 21% on the day. The USO Fund’s administration, USCF, announced on Monday that it intends to sell off all of its WTI contracts for June delivery—that’s all its front-month ...
After a decade-long bear market, uranium has suddenly turned into a raging bull in an otherwise dismal market for commodities. Uranium prices have surged 35 percent over the past 30 days to trade at $33.30/pound - a level they last touched four years ago - thanks to shutdowns of critical mines at Canada's Cameco and Kazakhstan's Kazatomprom, suppliers of more than ...