Looming Gas Shortage: “Imports Can’t Make Up For This”
The East Coast will start feeling the effects of Hurricane Harvey as the gasoline supplied from the Gulf Coast starts to dry up. One of the most important pipelines that…
An Energy Independent North America Needs NAFTA
NAFTA talks continue. Goods like milk, lumber and auto parts are all under the negotiators’ microscopes. Oil is clearly visible too. Last year, the bilateral trade of energy (including natural…
How Long Can U.S. Refineries Remain Offline?
When Hurricane Harvey blew into Texas last weekend, it dumped more than 30 inches of rain, flooding Houston and large areas of southeastern Texas, while leaving thousands homeless or without…
Trump To Block Russian Ownership Of Venezuelan Subsidiary In US
Trump’s White House will block attempts by the Kremlin to acquire large portions of Venezuela’s Citgo, a U.S. subsidiary of the state-owned PDVSA. Rosneft agreed to acquire half of Citgo’s…
OPEC Compliance Hits 89 Percent In August
Output from the Organization of Petroleum Exporting Countries (OPEC) fell by 170,000 barrels per day this month, down from a year-long high in July, according to feedback from a new…
Libya Thwarts Suspected Oil Smugglers For Second Time This Week
A medium-sized oil tanker that was smuggling crude oil in the Mediterranean Sea was apprehended by the Libyan coastguard on Thursday, according to a new report by The New Arab.…
Russia To Fund Arctic Oil, Economy Development With $2.75B
Russia will be financing the development of the Artic continental shelf and the economy of the local areas with more than US$2.75 billion (160 billion rubles) by 2025, Russia’s Prime…
Activists Protest Kinder Morgan’s Westridge Crude Oil Terminal
On a sparsely populated island off the coast of the northwestern United States, more than a hundred environmental activists gathered last weekend to practice seaborne drills to disrupt construction on…
Aramco Is Using Advanced Tech To Search For New Oil Reserves
Saudi Aramco is deploying advanced seismic testing technology to explore again areas of the desert known as the Empty Quarter, a move that could help it to raise its proved…
Angola Needs Oil At $60
Angola, Africa’s second-largest crude oil exporter, is finding it hard to make ends meet with oil prices at their current levels, according to Petroleum Minister Jose Maria Botelho de Vasconcelos.…