Reforms won’t come easy for Mexico’s new leader
Mexican President-elect Enrique Peña Nieto vowed Monday to quickly push for promised economic and social policies that include energy reforms favorable to U.S. and Texas investors. More »
New life for North Sea oil hinges on coal, gas
The mud, shin deep and soot gray, squelches and tugs at John Murray’s work boots, holding them fast. More »
Oil falls on weaker U.S., China data
Oil fell by $1.21 to end the day at $83.75 per barrel.
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Iran-oil sanctions risk biggest OPEC export loss since Libya
European Union sanctions on Iran entered into full force yesterday after exemptions on some contracts and insurance ended, adding pressure on crude prices to rise and on the Persian Gulf nation to halt its nuclear- enrichment program. More »
Iraq’s oil revenues drop by 17.6 percent in June
Iraq’s oil revenues dropped by 17.6 percent from May to June due to plummeting prices in the international market and the diversion of some production to meet domestic needs, the government said Monday. More »
Oil soars as Europe moves to bolster banks
The price of oil climbed after European leaders took unexpectedly aggressive steps to support the region’s beleaguered banking sector. More »
Oil is up, but a declining trend could curb shale rush
Although oil prices jumped today after an encouraging European policy decision, a recent trend of declining oil prices could put a damper on rapid shale drilling in the United States, according to analysis from Simmons & Company International. More »
Federal energy data chief says crude exports would boost economy
The U.S. Energy Information Administration projects domestic crude oil production will grow by as much as 1.6 million barrels per day by 2035. More »
China, Singapore exempted from U.S. Iran oil sanctions
The U.S. said China and Singapore have “significantly reduced” their purchases of Iranian oil, earning exemptions from U.S. financial sanctions that otherwise would have been imposed yesterday. More »
Venezuelan oil company to drill off Cuba
Venezuela’s national oil company will join in exploratory drilling for crude in deep waters off Cuba, the company’s president said. More »
To Be Or Not To Be: Global Energy And Cellulosic Ethanol (And Unicorns)
Well, no it isn’t (the question, that is). It is more of a statement or affirmation, as this post takes a look at two charts from two recent releases, BP’s Statistical Review of World Energy and the EIA’s Annual Energy Outlook , to show two contrasting themes. One chart illustrates key consumption levels, and the other illustrates [...] More »
Oil above $80 amid signs of improving US economy
Oil hovered above $80 a barrel Thursday in Asia amid signs the U.S. economy, the world’s largest crude consumer, may be improving. More »
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