Kurds expected to drop production over 17 per cent in OPEC output cut deal BAGHDAD, Jan 3 (Reuters) – Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut. In November, OPEC agreed to cut […]
OPEC output cut: Iraqi PM says Kurds exporting more oil than allocated Read More »
Oil prices hit highest levels since July, 2015 By Scott DiSavino NEW YORK, Jan 3 (Reuters) – Oil prices turned negative after earlier hitting 18-month highs on Tuesday, the first trading day of 2017, as the U.S. dollar rallied to its highest since 2002. Traders said crude prices were buoyed earlier in the day by hopes
Oil prices turn negative on strong dollar after hitting 18-month highs Read More »
SM Energy transaction expected to close Q1 2017 SM Energy Company announced it entered an agreement with subsidiary of Venado Oil and Gas, LLC , an affiliate of KKR, for the sale of the company’s third party operated assets in the Eagle Ford, including its ownership interest in related midstream assets, for a purchase price of
SM Energy sells Eagle Ford assets for $800 Million Read More »
Though sales for electric trucks will increase during the decade, market expected to remain niche A new report from Navigant Research forecasts sales of medium and heavy duty trucks for each major world region, segmented by electrified powertrain type, including hybrid, plug-in hybrid, battery electric, and hydrogen fuel cell, through 2026. As local and national
Global electric trucks sales to reach 332,000 by 2026 – Navigant Read More »
Since May, crude oil prices generally remained between $40 per barrel (b) and low $50/b range The spot energy index in the S&P Goldman Sachs Commodity Index (GSCI) rose 48 per cent since the start of 2016, more than any other commodity group in the S&P GSCI, according to the US Energy Information Administration. The spot
Energy commodity prices rose more than other sectors in 2016 Read More »
Saudi oil output cut deal reached in November Saudi Arabia stressed on Monday the importance of co-operation among oil producers to abide by a decision in November to cut production. OPEC agreed in November its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production and dropped its demand
Saudi oil output cut importance stressed by government: statement Read More »
Russian oil output at to be cut by 300,000 b/d in 2017 H1 MOSCOW, Jan 2 (Reuters) – Russian oil output in December stood unchanged at 11.21 million barrels per day (b/d), flat month on month and at its highest in almost 30 years, energy ministry data showed on Monday. Russia is preparing to cut output by 300,000
Russian oil output in December stays at record highs Read More »
BP not on list – company concerned about possible US-Iran tensions after Trump takes office By Tom Arnold DUBAI, Jan 2 (Reuters) – Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, the oil
Iran certifies 29 international companies to bid for oil, gas projects Read More »
Report categorizes the market into the following segments, auditing/consulting, product and system optimization, monitoring and verification Global industrial energy-efficiency services market expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent during the forecast period, according to a study by Technavio. This market research report also includes up to date analysis
Industrial energy-efficiency market will exceed $10 billion by 2020 – study Read More »
The West produced and sold the least tonnage, with almost all going to domestic heating market During the first half of 2016, US manufacturers produced approximately 3.3 million tons of wood pellets and sold 3.1 million tons, mostly to foreign markets, according to data from EIA’s newly released Densified Biomass Fuel Report. Wood pellet fuel,
US plants selling wood pellets to Europe for power generation, home heating Read More »
