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Column: US natural gas prices rise as traders reassess gloomy outlook

Column: US natural gas prices rise as traders reassess gloomy outlook

US natural gas prices up by almost 10 per cent since beginning of November By John Kemp LONDON (Reuters) – US natural gas prices have bounced by almost 10 per cent since the start of the month as traders reassess their earlier bearish view this winter amid signs sentiment had become far too gloomy. Futures […]

By November 10, 2017 0 Comments Read More →
Oil prices dip as weekly US rig count rises most since June

Oil prices dip as weekly US rig count rises most since June

Oil prices on track to rise for week Despite expectations that OPEC will extend their supply cut pact to the end of 2018, oil prices fell on Friday on concerns that US crude production will continue to rise. By 1:46 p.m. EST, benchmark Brent was down 34 cents to $63.59/barrel and US WTI dipped 36 […]

By November 10, 2017 0 Comments Read More →
Uber, NASA developing flying taxis system

Uber, NASA developing flying taxis system

Flying taxis could be available by 2023 At the Web Summit conference in Lisbon, Portugal this week, Uber announced it hopes to launch a fleet of flying taxis by 2020.  The ride-hailing service says it is developing project Elevate, which will offer commuters relief from congested roadways. The San Francisco-based company says it faces many […]

By November 10, 2017 0 Comments Read More →
US exports of crude, gasoline, distillates, LPG booming

US exports of crude, gasoline, distillates, LPG booming

US exports of crude over 2 million b/d recently As US exports of crude topped 2 million barrels per day (b/d) in recent weeks, gasoline, distillate and LPG exports have also increased. Enterprise’s Morgan’s Point terminal located on the Gulf Coast came online last year along with Sunoco’s Marcus Hook terminal on the East Coast.  […]

By November 9, 2017 0 Comments Read More →
Column: US gasoline and diesel markets look tight

Column: US gasoline and diesel markets look tight

US gasoline and diesel stocks fall despite record refinery runs By John Kemp LONDON, Nov 9 – US stocks of gasoline and diesel continue to fall, despite record refinery runs, in a sign of strong demand at home and in export markets. U.S. refineries processed a seasonal record 16.3 million barrels per day (b/d) of […]

By November 9, 2017 0 Comments Read More →
Oil prices up on Saudi supply cuts, political tensions

Oil prices up on Saudi supply cuts, political tensions

Oil prices “may have reached a short-term peak”: Analyst Oil prices rose slightly on Thursday on Saudi Arabia’s proposed export cuts for next month as well as political unrest in the kingdom. Brent crude was up by 56 cents to $64.05/barrel by 1:32 p.m. EST and US WTI rose 50 cents to $57.31/barrel.  The Canadian […]

By November 9, 2017 0 Comments Read More →
Chinese coal imports fall in Oct. on air anti-pollution campaign

Chinese coal imports fall in Oct. on air anti-pollution campaign

Chinese coal imports down to 21.28 million tonnes from 27.08 million tonnes in Sept. Chinese coal imports fell in October as Beijing continues its campaign to reduce air pollution by replacing coal with cleaner burning fuels in the northern part of the country. According to data from the General Administration of Customs, coal imports hit […]

By November 8, 2017 0 Comments Read More →
CCS technology a possible profit maker for oil majors

CCS technology a possible profit maker for oil majors

Carbon capture and storage (CCS) development has been held back due to high costs Carbon capture and storage, or CCS, technology could help industries known for having large carbon footprints reduce their CO2 emissions even though demand for their products is on the rise. The International Energy Agency forecasts the demand for steel, chemicals and […]

By November 8, 2017 0 Comments Read More →
Oil prices lower on rising US crude stocks, Middle East tensions

Oil prices lower on rising US crude stocks, Middle East tensions

Oil prices slip in Wednesday trading Oil prices dipped in volatile trading Wednesday on rising tensions in the Middle East and despite US Energy Information Administration data that shows an increase in US production and a surprising increase in US crude stocks. By the end of the session, Brent crude was down 20 cents to […]

By November 8, 2017 0 Comments Read More →
Lamborghini, MIT work on electric supercar using supercapacitors

Lamborghini, MIT work on electric supercar using supercapacitors

Best batteries too bulky and heavy for electric supercar CNN reports that Lamborghini is working alongside engineers from the Massachusetts Institute of Technology on an electric supercar that won’t use batteries. The body of the Lamborghini Terzo Millennio concept car, will made from exotic carbon nanotubes, and will also be used as a supercapacitor. Supercapacitors […]

By November 7, 2017 0 Comments Read More →