In its latest World Energy Outlook, the IEA’s scenario for oil prices forecast that the oil market would rebalance at $80 a barrel by 2020. [CNBC] The El Nino weather system, combined with a relatively warm winter in the Midwest and on the East Coast, could keep a lid on energy prices and potentially cap stock… Keep reading →
On stage only a short time after the United Arab Emirates said it would increase its oil production despite low worldwide prices, the oil and gas minister of neighboring Oman offered a different opinion. [US News] Thousands gathered across Israel in protest to speak out against PM Benjamin Netanyahu’s natural gas deal with US energy… Keep reading →
Michigan Democrats have won amendments adding more energy efficiency and a renewable goal to the energy overhaul package passed out of the House Energy Policy Committee. [MLive] Austria’s largest state said Thursday that 100 percent of its electricity is now generated using renewable sources of energy. [The Guardian] Oil prices were down for a third… Keep reading →
Trick or treat? It’s almost Halloween, and it looks like at least one law firm decided to forgo giving candy to its associates and force them to start turning tricks instead.
The question Americans should be asking right now: Why is the Obama administration actively working to clear the way for Iran to resume trading its crude oil on the global market while it opposes legislation that would do the same for U.S. oil? It’s a great question for which the administration can offer no good… Keep reading →
Energy stocks rose this Monday morning along with the price of oil. [ABC] One of the most eroded Native Alaskan villages is being considered as a possible national model for moving entire communities whose futures are threatened by climate change. [The NY Times] Suncor Energy is making a $4.3 billion bid to acquire Canadian Oil… Keep reading →
A review of federal records has revealed cyber attackers successfully compromised U.S. Department of Energy computer systems more than 150 times between 2010 and 2014. [USA Today] A strong morning for stocks turned into an afternoon sell-off on Wednesday, reminding investors that energy market remains volatile. [LA Times] The largest U.S. electric company and the… Keep reading →
Commodity price volatility has thrust cost management to the top of the boardroom agenda as global oil and gas companies have grappled with how to improve margins in a low-price environment. In fact, EY’s recent Capital Confidence Barometer revealed a more than threefold increase over the last two years in the number of oil and… Keep reading →
Crude prices rose as much as 4 percent on Thursday amid optimism over equity markets helped offset a surprise increase in U.S. oil inventory levels. [CNBC] A new report released Wednesday highlights the gains the energy storage industry is making, and predicts its continued growth in the coming year. [The Washington Post] A court in the Netherlands has ruled… Keep reading →
The collapse of oil prices in the latter half of 2014 has led to SEC scrutiny of exploration and production (E&P) company compliance with rules regarding the calculation and reporting of proved reserves.
