US crude inventories down 7.1 million barrels last week By David Gaffen Jan 5 (Reuters) – US crude inventories fell sharply as higher refining runs prompted a surge in gasoline and distillate stocks in the last week of 2016, the Energy Information Administration said on Thursday. Crude inventories fell 7.1 million barrels in the week to […]
US crude inventories slump, fuel inventories surge at year end Read More »
Small US E&P peer group continues to have the most hedging and weakest balance sheets North American E&P companies have more than tripled the hedging protection for their 2017 production since April 2016—with 24 per cent of total 2017 production now hedged, according to new analysis from IHS Markit. “Companies hedge their production to provide a
E&P companies triple 2017 hedging to 24% of production, hedging income set to plummet Read More »
Oil prices up recently on news of OPEC supply cut By David Gaffen NEW YORK, Jan 5 (Reuters) – Oil prices rose on Thursday in an up-and-down session, lifted by news that Saudi Arabia had cut production to meet OPEC’s agreement to cut output after falling on data showing a surprisingly large increase in U.S. gasoline and
Oil prices rebound as Saudi output cuts offset U.S. products build Read More »
Saudi Aramco cuts to vary among customers By Florence Tan and Rania El Gamal Jan 5 (Reuters) – Saudi Aramco has started talks with customers globally to discuss possible cuts of 3 per cent to 7 per cent in February crude loadings as it moves to implement an agreement on curbing global oil output, sources said
Saudi Aramco explores Feb oil supply cuts of 3-7 per cent to meet OPEC target Read More »
Tesla battery cell production factory in Nevada Jan 4 (Reuters) – Electric car maker Tesla Motors Inc has started mass production of lithium-ion battery cells at its gigafactory in Nevada along with Japan’s Panasonic Corp, the company said on Wednesday. The cylindrical “2170 cells,” which will be used to power Tesla’s energy storage products and the
Tesla battery cell production starts at gigafactory Read More »
Democrats call for delay on Rex Tillerson hearing By Patricia Zengerle WASHINGTON, Jan 4 (Reuters) – Rex Tillerson, President-elect Donald Trump’s nominee for secretary of state, won over Republicans during meetings at the U.S. Senate, but Democrats – who want to delay his confirmation – said on Wednesday they want more information about his record.
U.S. Republicans positive on Rex Tillerson, Democrats have questions Read More »
Tesla Motors blames short-term production hurdles Jan 3 (Reuters) – Tesla Motors Inc said on Tuesday fourth-quarter deliveries fell 9.4 per cent due to short-term production hurdles from the transition to a new autopilot hardware. Deliveries fell to about 22,200 vehicles in the fourth quarter from 24,500 vehicles in the preceding quarter. Total deliveries for 2016
Tesla Motors posts 9.4 per cent fall in quarterly deliveries Read More »
Former US Attorney General Eric Holder “brings us a lot of firepower”: State Senate Democratic leader LOS ANGELES, Jan 4 (Reuters) – Democratic lawmakers in the California legislature have retained former U.S. Attorney General Eric Holder to help in any legal battles with President-elect Donald Trump’s administration, the New York Times reported on Wednesday. The move
California lawmakers hire Eric Holder for fights with Trump: NY Times Read More »
Vitol deal first since sanctions lifted By Julia Payne and Rania El Gamal LONDON/DUBAI, Jan 4 (Reuters) – The world’s largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with
Vitol clinches 1 billion euros pre-finance oil deal with Iran-sources Read More »
Drivers behind net zero energy projects include regulation, operating cost reductions, energy security, consumer demand A new report from Navigant Research analyzes the global market for net zero energy (ZNE) buildings in the residential and commercial sectors, examining major market changes, as well as drivers and barriers, key technology and design trends, and related regulation and
Technology to achieve Net Zero Energy ready for most buildings, cost remains a challenge Read More »
