courtesy International Energy AgencyThe International Energy Agency (IEA) today released a special report in its World Energy Outlook series that anticipates an enormous boost in global unconventional natural gas production provided that “governments, industry…
The Organization of Petroleum Exporting Countries (OPEC) produced an average of 31.8 million barrels/day of crude in May, the cartel’s highest level of production since September of 2008 and about 2 million barrels/day above…
Oil prices have stopped their rapid decent. Concerns about arms negotiations in Iran pushed crude back to $91. Any breakdown in those talks is unlikely to help WTI to recapture $100. Gas reserves in…
Anyone looking for a sad story to tell need search no further than the solar PV sector. Manufacturing over-capacity and lower government subsidies led to a price collapse of about -50% last year. Solar…
Negotiations between Iran and the P5+1 — the US, the UK, France, China, Russia, and Germany — ended in failure yesterday. The six-nation team sought an end to Iran’s nuclear enrichment program in exchange…
Natural gas producer Chesapeake Energy Corp. (NYSE: CHK) has reportedly struck a deal to sell about 504,000 net acres of leasehold in the northern part of the Denver-Julesburg (DJ) basin, which stretches across parts…
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 77 billion cubic feet, in line with a 75-79 billion cubic feet increase that analysts had expected.…
The sixth-largest crude refinery in the US, in Whiting, Indiana, has the capacity to turn more than 400,000 barrels/day of crude into useful products like gasoline and jet fuel. BP plc (NYSE: BP) has…
The rise in US natural gas production from shale has cut the use of coal as a power generation fuel by about 20%. Natural gas, which emits about half the CO2 of coal, has…
Oil has hit an extraordinarily low price, below $90 for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from Europe and China may…
Oil is tanking behind Europe, commodity inventories are up, and refineries are running at very high historic levels. And guess what, airplanes are full, fares are up, carriers are passing on endless costs to…
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 900,000 barrels last week, bringing the total US commercial crude inventory to 382.5 million…
The string of losses in the solar PV industry is really not news any longer. Stock prices have been hit hard by collapsing panel prices and vanishing margins. Today is really no different. Chinese…
NYMEX Crude keeps listing lower and lower. This seems odd considering that the Memorial Day weekend ahead is supposed to mark the official start of the summer driving season. The drop in normal NYMEX…
The month-long slide in crude oil prices has chopped the share price of many of the biggest names in the oil patch. Exxon Mobil Corp. (NYSE: XOM) is about -4% in the past month,…