Renewable energy fund announcement in London on Friday By Ron Bousso LONDON, Nov.2 (Reuters) – Top oil companies including Saudi Aramco and Shell are joining forces to create a renewable energy fund to develop technologies to promote clean energy technologies, as they seek an active role in the fight against global warming, sources said. The […]
Oil majors join forces in climate push with renewable energy fund Read More »
Colonial pipeline explosion in Alabama killed one worker, injured five Gasoline prices at the pump in some southeastern U.S. states inched up on Wednesday, two days after the fatal Colonial pipeline explosion in Alabama shut down the company’s main gasoline line, crucial to fuel supplies on the East Coast. Monday’s blast, which killed one worker and injured five
Retail gas prices in some states climb after Colonial pipeline explosion Read More »
US coal miners seen slow to respond to price rally By Nicole Mordant US coal miners specializing in steel-making coal will be slow to lift output, even with prices tripling so far this year, as they need to renew operations shuttered during a five-year price collapse that pushed many into bankruptcy court, industry watchers say. Delays in bringing
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US crude stocks up by over 14 million barrels By David Gaffen Nov. 2 (REUTERS) – US crude stocks soared more than 14 million barrels last week, the largest weekly build since the U.S. Energy Department started keeping records in 1982, bolstered by hefty imports and a decline in refining runs. Oil prices fell after
EIA reports largest US crude stocks build on record Read More »
Pioneer Natural Resources CEO gives output deal 40 per cent chance Pioneer Natural Resources Chief Executive Scott Sheffield says he has little hope that OPEC members will agree to a deal to reduce production output, which would ultimately lead to an increase in oil prices. During a conference call on Wednesday, Pioneer’s CEO said “I
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Shell Deer Park refinery maintenance shutdown extended to repair thin piping The facility was shut down for repairs after thin piping was found last week at the end of the planned overhaul. The 70,000-b/d, gasoline-producing fluidic catalytic cracking unit was shut down on Sept. 12 for a scheduled overhaul which was expected to end last
Shell Deer Park refinery gasoline unit to restart Wednesday Read More »
$250 billion/year oil and gas contribution to GDP, immature clean energy tech were real obstacles to Obama energy activism With Barack Obama headed out of the White House in a few months, the punditocracy is turning its attention to his legacy, including energy policy, which featured prominently in his second term. The central idea of
Obama’s energy legacy a lesson in constraints of activist policy making Read More »
Oil prices down three per cent By Barani Krishnan NEW YORK Nov.3 (Reuters) Oil prices tumbled 3 per cent on Wednesday after a record weekly build in U.S. crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output. The U.S. Energy Information Administration (EIA) said crude
Oil prices fall on record U.S. crude stock build Read More »
Dakota Access pipeline runs through sacred Native American land By Valerie Volcovici WASHINGTON, Nov 2 (Reuters) – President Barack Obama said the U.S. government is examining ways to reroute an oil pipeline in North Dakota as it addresses concerns raised by Native American tribes protesting against its construction. Obama’s comments late on Tuesday to online
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Dakota Access pipeline protestors may move to heated buildings during winter By Timothy Mclaughlin Nov 1 (Reuters) – The head of a Native American tribe that has led months of demonstrations against the construction of the Dakota Access pipeline in North Dakota said on Tuesday the group would keep up its protests through the state’s bitter
Dakota Access pipeline protestors plan to stay and fight despite North Dakota winter Read More »
