Archive for May, 2016
Will ambitious Iranian oil policy succeed?
With US primary sanctions still in place, many countries are cautious about buying from Iran or investing in oil production International sanctions have had a strong impact on Iran’s oil revenues, halving crude oil exports to 1.1 million b/d and forcing the NIOC to shut down production at many of its southern fields, according to international […]
Oil prices dip but notch fourth straight monthly gain
Oil prices up, US consumer spending rebounds By Barani Krishnan NEW YORK, May 31 (Reuters) – Oil prices dipped on Tuesday as a stronger dollar and slide in equity prices sparked profit-taking, but crude futures posted a fourth straight monthly gain as investors bet that the global glut was slowly easing. Crude futures had gained early […]
90 climate experts call on Canadian govt to reject Petronas’ Pacific Northwest LNG project
Ottawa set to make final decision on controversial proposal within 90 days VANCOUVER, British Columbia – A group of 90 climate scientists have written a letter to Canadian Prime Minister Justin Trudeau demanding that Ottawa not approve the $37 billion Pacific Northwest LNG project. Leading experts on climate change – including former NASA scientist James Hansen, and […]
Fractivists enlist help from Hollywood celeb Mark Ruffalo after 5 failed ballot measures
“[I]f a town goes bankrupt trying to defend one of our ordinances, well, perhaps that’s exactly what is needed to trigger a national movement.” By Jackie Stewart, Energy In Depth Youngstown voters have rejected the Community Environmental Legal Defense Fund’s (CEDLF) so-called Community Bill of Rights five consecutive times, and efforts are underway to bring […]
Return of 2,000 Fort McMurray evacuees delayed by ash, debris
Fort McMurray evacuees forced from homes in early May By Nia Williams CALGARY, Alberta, May 30 (Reuters) – Some 2,000 Fort McMurray evacuees will not be able to return home this week as planned because of the risks posed by debris and contaminants including “caustic” ash, Alberta Premier Rachel Notley said on Monday. The city of 90,000 […]
French oil workers, pilots strike, France seeks way out of crisis
French oil workers protest labor reforms By Emmanuel Jarry and Ingrid Melander PARIS, May 30 (Reuters) – Air France pilots voted on Monday to go on strike and oil storage workers extended a job walkout, compounding the French government’s woes as it scrambled to calm rolling protests against labour reforms ahead of the Euro soccer tournament. […]
Sakhalin oilfield maintenance to curb exports in Aug – sources
Sakhalin oilfield maintenance work to take two-and-a-half weeks SINGAPORE/MOSCOW, May 30 (Reuters) – Scheduled maintenance at Russia’s Sakhalin-1 oilfields, operated by Exxon Mobil , is expected to reduce Sokol crude exports by more than half in August, two sources with knowledge of the matter said on Monday. Maintenance work at the fields is expected to take […]
Norway oil wage talks break down, will go to mediator
Norway oil strike in 2012 cut output by 13 per cent OSLO, May 30 (Reuters) – Wage talks between Norwegian oil companies and their employees broke down on Monday and the two sides must now go to a state mediator to try to resolve their differences, the Industri Energi labour union said on Monday. If no […]
US natural gas speculators switch from net long to net short -CFTC
Low natural gas prices pressure power generators to burn gas instead of coal May 27 (Reuters) – U.S. natural gas speculators switched their positions to net short after being net long since the start of April, betting prices will have to remain low to encourage generators to burn more of the fuel left in inventories […]
Antarctic seas defy global warming thanks to chill from the deep
Helps explain Antarctic chill in contrast to Arctic thaw By Alister Doyle OSLO, May 30 (Reuters) – A persistent chill in the ocean off Antarctica that defies the global warming blamed for melting Arctic ice at the other end of the planet is caused by cold waters welling up from the depths after hundreds of years, […]
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