By Sri Jegarajah U.S. crude futures may draw some support this week from signs of improving gasoline demand and a pick-up in U.S. refinery activity, CNBC’s latest survey of market professionals showed — although a record supply overhang may restrain any move higher. Gasoline prices have now increased for 12 weeks in a row, gaining nearly… Keep reading →
The development of Arctic energy resources poses the potential for an energy security competition between the Great Powers and Arctic stakeholders that will alter the geopolitical climate. The hydrocarbon reserves – 25% of world deposits- available under the melting ice caps, and undiscovered oil and gas will see states shifting their economic and foreign policy… Keep reading →
Here’s an interesting discussion of ExxonMobil’s involvement in the “stranded asset” debate. Robert Rapier seeks to clarify Exxon’s worldview and the company’s response to recent climate action shareholder resolutions. He asks, how much time per day do you devote to planning how you’ll spend your lottery winnings? “You may fantasize about what you would do… Keep reading →
Scientists had been attempting to explain why climate change appeared to slow after 1998 and a new study suggests major volcanic eruptions could have played an important role in the trend. “Powerful volcanic eruptions send small sulphur droplets, or aerosols, high into the atmosphere where they act as a mirror to reflect the sun’s rays… Keep reading →
As the Sochi Winter Olympics comes to a close, we look at a different type of medal count. This list is by no means exhaustive, but it does paint a pretty clear picture about the biggest players in the market. Going for gold? Unlike curling or the bobsled, we aren’t saying it’s always good to… Keep reading →
Time and again when the prospect of exporting US crude oil is discussed, the issue of domestic gasoline price impacts surfaces. Will consumers pay more or less at the pump? There is no shortage of debate on the topic, but some analysts contend the increased volumes of light sweet crude US exports would feed into… Keep reading →
As part of its New Energy Architecture initiative to better understand the changes currently in full swing within the global energy system, the World Economic Forum recently published its Global Energy Architecture Performance Index Report 2014. The report identifies and examines various indicators across countries and regions that are significant for an effective global transition… Keep reading →
TransCanada’s CEO Russ Girling says they are not giving up on the Keystone XL Pipeline project and neither are producers seeking to ship their product through the line. The economic rationale of transporting oil via pipe rather than rail underpins the project and Girling is confident “the oil market transcends politics.” [The Hill] Eike Batista’s… Keep reading →
US Energy Secretary Ernest Moniz addressed the most prominent energy-related security issues facing the country during remarks made today at the Center for Strategic and International Studies in Washington DC. Here are the 4 main challenges Moniz highlighted: 1) US vulnerability to oil price volatility – “We are not disconnecting from oil price volatility,” said… Keep reading →
All oil and gas fields face natural decline rates as reservoir pressure decreases and continually declining production must be addressed by drilling more wells and injecting substances like natural gas, carbon dioxide or steam into the formation to maintain pressure and coax the remaining hydrocarbons toward production wells. This process is known in the industry… Keep reading →
