Author Archive: AEN Staff

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Column: US heating oil market looks tight this winter

Column: US heating oil market looks tight this winter

Hedge funds amassed a net long position in heating oil futures, options equivalent to 46 million barrels By John Kemp LONDON, Sept 22 (Reuters) – US stocks of distillate fuel oil, which have been trending downwards all year, now look tight following disruption to major refineries caused by Hurricane Harvey. The position is a marked […]

By September 22, 2017 0 Comments Read More →
Mild hybrids quick fix for carmakers squeezed by CO2 cuts

Mild hybrids quick fix for carmakers squeezed by CO2 cuts

Mild hybrids add electric power to gasoline engines, without costly redesign Automakers looking to cut carbon emissions are turning to mild hybrids, which add some electric power to existing gasoline-powered engines without a costly redesign and cut CO2 emissions. Stricter government regulations as well as dieselgate, VW’s test-cheating scandal, have been a major drivers for […]

By September 22, 2017 0 Comments Read More →
OPEC defers deal extension decision, oil prices up

OPEC defers deal extension decision, oil prices up

Oil prices remain close to highest levels in months In trading on Friday, oil prices were mixed but remained close to their highest levels in months after OPEC announced participants in its supply cut pact may wait until January to decide if they will extend the deal beyond March. Benchmark Brent closed up 43 cents […]

By September 22, 2017 0 Comments Read More →
Improved fuel efficiency bigger threat to gasoline demand than EVs

Improved fuel efficiency bigger threat to gasoline demand than EVs

From 2016-2040, fuel efficiency gains will cut 11.3 million b/d from global gasoline consumption Improved fuel efficiency in internal combustion engine vehicles will have a bigger impact on gasoline demand than electric cars, according to energy consultant FGE. In a report by Reuters, Cuneyt Kazokoglu, head of oil demand at FGE said despite pledges made […]

By September 21, 2017 0 Comments Read More →
Oil prices mixed ahead of OPEC meeting on Friday

Oil prices mixed ahead of OPEC meeting on Friday

Oil prices up 15 per cent in last three months Oil prices mostly held steady on Thursday as investors and traders wait to see if participants in the OPEC supply cut pact will agree to extend the deal that is set to expire in March. By 1:19 p.m. EDT, Brent crude was up six cents […]

By September 21, 2017 0 Comments Read More →
Column: Mission accomplished? OPEC banishes contango

Column: Mission accomplished? OPEC banishes contango

OPEC efforts to rebalance market helped by strong demand By John Kemp LONDON, Sept 21 (Reuters) – “There is no doubt that the oil market is moving in the right direction,” the Organization of the Petroleum Exporting Countries noted with satisfaction in its most recent bulletin published on Wednesday. “The rebalancing process was never going […]

By September 21, 2017 0 Comments Read More →
Big oil cuts pollution, gets greener

Big oil cuts pollution, gets greener

Big oil faces growing pressure from stockholders Big oil companies are joining a number of large corporations that are reducing their greenhouse-gas footprints every year, according to a report by Bloomberg New Energy Finance. The report says 62 of the world’s 100 largest companies have consistently cut their emissions on an annual basis between 2010 […]

By September 20, 2017 0 Comments Read More →
The shift to electric vehicles will take time

The shift to electric vehicles will take time

New anti-pollution limits major force in move to electric vehicles The buzzword at this year’s Frankfurt Motor Show was “electrification” as automakers pledged to bring electrified versions of their cars to the market. But are electric cars really on track to push gasoline and diesel-powered vehicles to the scrap heap? Companies including Volkswagen, Daimler, Volvo, […]

By September 20, 2017 0 Comments Read More →
Oil prices on target for largest Q3 gain in 13 years

Oil prices on target for largest Q3 gain in 13 years

Oil prices on course for a rise of 15.5 per cent this quarter Oil prices were up almost 2 per cent on Wednesday and are on course for their largest third-quarter gain in since 2004 after Iraq’s oil minister said participants in the OPEC supply cut pact are considering extending or even deepening output cuts. […]

By September 20, 2017 0 Comments Read More →
French utility sees rapid growth in EV charging network

French utility sees rapid growth in EV charging network

EV charging stations along French highways tripled from last year French utility EDF says it hopes to increase the number of docking stations and see rapid revenue increases from its EV charging network, according to a report by Reuters. The company’s electric mobility business, Sodetrel, has seen its revenue grow by 50 per cent annually […]

By September 19, 2017 0 Comments Read More →