Oil / Finance

Standing Rock activists dig in ahead of deadline, brace for 'dangerous' situation

Feb 22 9:26am Energy
Anti-Dakota Access Pipeline activists face a deadline to leave a flood-prone area near the Standing Rock reservation.
Read More

Oil prices slip on dollar strength, but OPEC optimism cushions the fall

Feb 22 9:22am Energy
Crude futures traded near multi-week highs after OPEC signaled optimism over its deal to curb output.
Read More

US shale, forex and a price war could push oil back down to $50: BofA Merrill Lynch

Feb 22 9:20am Energy
The investment bank lowered its price forecast for Brent crude through 2022 to an average of $50-$70.
Read More

Synthetic clothing and tires could be polluting the oceans in a big way

Feb 22 8:55am Energy
A report has found that as much as 31 percent of the plastic that enters oceans could be from sources such as tires.
Read More

Oil prices slip as dollar strengthens, but remain near multi-week highs

Feb 22 8:14am Energy
Crude futures traded near multi-week highs after OPEC signaled optimism over its deal to curb output.
Read More
5

In-depth: The Whole System Costs of Renewables

Feb 22 7:15am Resilience
Dramatic cost reductions mean wind and solar can now compete on price with conventional sources of energy in many parts of the world, including the UK. This turns the spotlight onto the so-called “whole system costs” of integrating renewables into the electricity system, which include backing up intermittent generation and strengthening grids.
Read More
6

New York sees almost 800 percent growth in solar power over five years

Feb 22 6:46am Energy
New York state-supported solar power increased by almost 800 percent from December 2011 to December 2016.
Read More
5

Oil slips but close to multi-week highs

Feb 22 5:47am Energy
Oil prices slipped as the dollar in which payments for crude are made, rose but they traded broadly at multi-week highs.
Read More
6

Saudi Aramco taps JPMorgan, Morgan Stanley for IPO; HSBC a contender

Feb 22 5:44am Energy
Saudi Aramco has asked JPMorgan Chase and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank with access to Chinese investors.
Read More
6

Unleashed in the (North)East - New Natural Gas Processing and Fractionation Capacity in Marcellus/Utica

Feb 21 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
Anticipating renewed growth in natural gas and natural gas liquids production in the Marcellus and Utica plays, midstream companies active in the region are planning new gas processing plants and fractionators, as well as new NGL takeaway capacity and in-region NGL storage. And Shell Chemicals has made a Final Investment Decision to build a $6 billion, ethane-consuming steam cracker in western Pennsylvania by the early 2020s. In today’s blog, “Unleashed in the (North)East—New Gas Processing and Fractionation Capacity in Marcellus/Utica,” Housley Carr continues our series on on-going efforts by midstreamers and others to keep pace with NGL growth in the epicenter of U.S. gas and NGL production.
Read More
12

US oil holds near seven-week high; OPEC upbeat on output curbs

Feb 21 8:00pm Energy
U.S. oil prices held near seven-week highs on Wednesday after OPEC signaled optimism over its deal with other producers.
Read More
9

Mass funeral held for 20 Haitians who died in dismal prison

Feb 21 6:30pm Energy News Headlines - Yahoo! News
PORT-AU-PRINCE, Haiti (AP) — Relatives wailed in grief or stared stoically as flowers were placed on 20 caskets at a mass funeral Tuesday for the latest group of inmates who died miserably in Haiti's largest prison, most without ever having been convicted of any crime.
Read More
6

After-hours buzz: TXRH, FSLR, TRCO & more

Feb 21 6:03pm Energy
These are the stocks posting the largest moves after the bell.
Read More
7

Toronto confirms it's in the hunt for Saudi Aramco listing

Feb 21 4:19pm Energy
The Toronto Stock Exchange is vying for the massive Saudi Aramco initial public offering, exchange parent TMX confirmed to CNBC.
Read More
10

Pruitt's first EPA address

Feb 21 4:16pm Energy
CNBC's Kayla Tausche reports the latest on newly-confirmed EPA Administrator Scott Pruitt and his first speech to EPA employees.
Read More
7

Commodities tomorrow: Crude jumps on OPEC expectations

Feb 21 4:00pm Energy
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Read More
12

Q&A: Becoming a US citizen _ who can do it, and how?

Feb 21 3:45pm Energy News Headlines - Yahoo! News
LOS ANGELES (AP) — Immigrant advocates say they've seen a huge spike in calls and questions about how people can become U.S. citizens since President Trump's executive orders on immigration and travel.
Read More
5

US crude settles at $54.06, up 1.2%, as OPEC chief sees higher compliance with cuts

Feb 21 2:47pm Energy
Oil prices rose to near three-week highs on Tuesday after OPEC said it was sticking to its agreement to cut production.
Read More
10

Iraqi forces fighting Islamic State set to storm airport, clear way to western Mosul

Feb 21 2:31pm Energy News Headlines - Yahoo! News
By Isabel Coles and Maher Chmaytelli SOUTH OF MOSUL, Iraq/BAGHDAD (Reuters) - U.S.-backed Iraqi forces closing in on the Islamic State-held western half of Mosul prepared on Tuesday to storm the airport and a nearby military base on its southern outskirts to create a bridgehead for a thrust into the city. Since ousting the militant group from eastern Mosul last month, Iraqi forces have advanced in sparsely populated outlying areas but fighting will intensify as they near the teeming inner city of western Mosul and the risk to roughly 750,000 civilians there will rise. The U.S. military commander in Iraq has said he believes U.S.-backed forces will retake both of IS's urban bastions - Mosul and Raqqa in neighboring Syria - within the next six months, which would end the jihadists' ambitions to territorial rule three years after they declared a caliphate .
Read More
6

EPA's Scott Pruitt enters a hotbed of anti-Trump resistance: his own agency

Feb 21 2:27pm Energy News Headlines - Yahoo! News
Usually, new administrators at the Environmental Protection Agency (EPA) are welcomed at headquarters without too much fanfare. That is, until today.  Scott Pruitt — the new EPA administrator nominated to the position by President Donald Trump — gave his welcome address to his agency Tuesday after garnering more "no" votes on the Senate floor than any other EPA nominee since the agency was founded in 1970.  SEE ALSO: One of the shortest bills ever was just introduced in Congress, it's basically just 'KILL THE EPA' In taking on the job, Pruitt is facing a daunting challenge: stiff resistance from within the agency itself, with current and former employees having protested his nomination, with some taking the nearly unheard of step of openly advocating for senators to vote "no" when it was brought to the Senate floor.  For some scientists in the age...
Read More
6

Trump is making promises on coal mining jobs he cant possibly keep

Feb 21 2:23pm Energy
Trump has promised to repeal some Obama-era environmental rules, but that's not enough, Vox reports.
Read More
10

Oil prices rise as OPEC chief sees higher compliance with cuts

Feb 21 1:39pm Energy
Oil prices rose to near three-week highs on Tuesday after OPEC said it was sticking to its agreement to cut production.
Read More
11

Castellini: Energy & financials will be futher catalyst in overall market

Feb 21 1:03pm Energy
Jerry Castellini, President & CIO CastleArk Management, weighs in on the market as it continues to rally to new highs.
Read More
10

Le Pen refuses headscarf, nixes talks with Lebanon cleric

Feb 21 12:48pm Energy News Headlines - Yahoo! News
BEIRUT (AP) — France's far-right presidential candidate Marine Le Pen refused to don a headscarf for a meeting with Lebanon's top Sunni Muslim cleric on Tuesday and walked away from the scheduled appointment after a brief squabble at the entrance.
Read More
12

EPA chief Scott Pruitt says regulators 'exist to give certainty' in first speech to agency

Feb 21 12:46pm Energy
President Donald Trump's divisive pick to lead the EPA, Scott Pruitt, will gives a speech to agency employees on Tuesday.
Read More
12

Iraqi forces on Mosul hilltop gird for fierce fight ahead

Feb 21 12:16pm Energy News Headlines - Yahoo! News
ABU SAIF, Iraq (AP) — Iraqi troops worked to secure a strategic hilltop overlooking Mosul's international airport and a nearby military base on Tuesday, fearing the Islamic State group, which still holds both facilities, may launch another wave of nighttime counterattacks.
Read More
6

EPA Administrator Scott Pruitt delivers his first speech to agency staff

Feb 21 12:12pm Energy
President Donald Trump's divisive pick to lead the EPA, Scott Pruitt, will gives a speech to agency employees on Tuesday.
Read More
7

Trump plans executive orders to scale back Obama-era coal, carbon and water actions: Report

Feb 21 12:05pm Energy
Donald Trump plans to order agencies to revamp the Clean Power Plan and other rules, The Washington Post reports.
Read More
11

Battery Power Boost to Renewables

Feb 21 10:04am Resilience
Researchers at the John A Paulson School of Engineering and Applied Sciences at Harvard University in the US say in an article published in ACS Energy Letters that they have now developed a long-lasting flow battery capable of storing renewable power that­ could operate for up to 10 years, with minimum maintenance required.
Read More
11

Resistance Report: More than 1 million sign White House petition for Trumps tax returns, breaking record

Feb 21 9:56am Energy News Headlines - Yahoo! News
President Trump has taken to saying that no one cares about his taxes. White House petitions need to draw more than 100,000 signatures within 30 days to be considered for an official response from the White House.
Read More

OPEC chief sees higher compliance with oil cut, says confidence returning

Feb 21 9:32am Energy
OPEC countries are aiming to boost compliance with agreed oil output curbs further from January's high levels.
Read More
12

Its been one month. Here's how's the Trump agenda is doing

Feb 21 9:08am Energy
Trump has been confronted with a series of administrative crises while struggling to move the ball on key policy priorities, NBC News reports.
Read More
5

Oil prices rise as OPEC chief talks up output cuts

Feb 21 8:33am Energy
Oil rose after exchange data showed hedge funds placing record bets on North Sea and US crude as OPEC cuts tightened supply.
Read More
13

Ponds that warm up could accelerate climate change, study shows

Feb 21 7:18am Energy
Research has shown that a rise in temperatures could increase the amount of methane released by ponds.
Read More
11

Oil rises as OPEC aims for deeper output cuts

Feb 21 7:05am Energy
Oil rose after exchange data showed hedge funds placing record bets on North Sea and US crude as OPEC cuts tightened supply.
Read More
13

OPEC aims for higher compliance, sees 2017 stock fall

Feb 21 6:54am Energy
OPEC countries are aiming to boost compliance with agreed oil output curbs further from January's high levels.
Read More
11

As he turns 93, Mugabe dismisses corruption allegations

Feb 21 6:46am Energy News Headlines - Yahoo! News
By MacDonald Dzirutwe HARARE (Reuters) - As he celebrated his 93rd birthday on Tuesday, Zimbabwe President Robert Mugabe brushed aside persistent allegations of corruption against senior officials, saying rumour-mongers were merely targeting big fish in his administration. In comments to be aired on state media on Tuesday, the world's oldest leader said he would act if shown evidence - even though graft scandals involving ministers and even members of his own family are regular fare in local newspapers. People have not come out and actually said here is a case against a big fish, Mugabe said in the pre-recorded interview.
Read More
10

Saudi favors New York for blockbuster trillion-dollar Aramco IPO

Feb 21 6:36am Energy
Saudi Arabia is favoring New York to list state oil giant Saudi Aramco, while also considering London and Toronto for the prospect of floating the firm.
Read More
11

Years of failed efforts to end Syrian conflict

Feb 21 5:56am Energy News Headlines - Yahoo! News
Since the start of Syria's war in 2011, several diplomatic initiatives have stumbled over the future of President Bashar al-Assad. In January 2012, two months after an initial bid to end the violence, leading Arab diplomats adopt a fresh plan that would transfer power from Assad to a coalition cabinet. On June 30, 2012 in Geneva, global powers draw up a plan that would install a transition government, but which does not spell out what would happen to Assad.
Read More
5

Oil rises towards top of recent trading range as OPEC cuts output

Feb 21 5:44am Energy
Oil rose after exchange data showed hedge funds placing record bets on North Sea and US crude as OPEC cuts tightened supply.
Read More
11

Bullish Citi analysts call for crude oil to hit $70 by year end but elsewhere skepticism grows

Feb 21 5:33am Energy
Crude oil prices could jump to $70 a barrel as the market continues to rebalance in coming months, say Citi analysts.
Read More
13

EIA response to false claims in recent articles from ProPublica and The Atlantic

Feb 21 1:50am EIA: Press Releases
A recent web article by ProPublica (Child’s Play: Team Trump Rewrites a Department of Energy Website for Kids, February 17, 2017) that was republished by The Atlantic on its website (A Government Website for Kids Scrubbed Its Climate Warnings, February 17, 2017) alleges that the U.S. Energy Information Administration (EIA) changed the information on its website as a result of political pressure from the new administration.
Read More
11

Beijing banned North Korean coal, and traders are scrambling

Feb 21 12:22am Energy
A announcement from Beijing last weekend that it had banned coal imports from NKorea is causing a fracas in China’s coal market.
Read More
13

Iraqi troops advance on western Mosul as Mattis holds talks

Feb 21 12:09am Energy News Headlines - Yahoo! News
SOUTH OF MOSUL, Iraq (AP) — Iraqi forces advanced Monday into the southern outskirts of Mosul on the second day of a push to drive Islamic State militants from the city's western half, as the visiting U.S. defense secretary met with officials to discuss the fight against the extremists.
Read More
6

Kenyas bottom-up electrification: African Energy

Feb 21 12:01am The Barrel Blog
Kenya is proving an excellent testing ground for initiatives that prove successful elsewhere in Sub-Saharan Africa. It was the home of the pay-as-you-go model of mobile telecoms services and still has the highest penetration of mobile banking anywhere in the world. It is now seeking to do the same with electrification. At present, the only […] The post Kenya’s bottom-up electrification: African Energy appeared first on The Barrel Blog.
Read More
15

You Keep Me Hangin' On - Will U.S. Natural Gas Avoid A Collapse This Year?

Feb 20 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
After ending 2016 on a bullish note, the U.S. natural gas market has been hammered so far in 2017 by relentlessly mild weather—January 2017 ranked as the fifth warmest in 40 years. The prompt CME/NYMEX Henry Hub futures contract, which had climbed to nearly $4.00/MMBtu by late December 2016, has come off more than $1.00 since then to settle at $2.834/MMBtu as of last Friday (February 17, 2017). With every balmy winter day that passes, the chances of sustained $3-$4 natural gas prices seem to be fading away. Nevertheless, there are still some bulls out there hanging on in hopes of a rebound. Prices are still well above year-ago levels and the underlying supply/demand balance continues to carry the implied potential for tightening if given even normal weather. In today’s blog, we provide an update of the gas supply/demand balance, starting with a recap of how we got here.
Read More
25

US crude prices rise as investors bet big on oil strength

Feb 20 7:55pm Energy
U.S. crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets.
Read More
14

N. Korean envoy blasts Malaysians, calls for joint probe

Feb 20 7:10pm Energy News Headlines - Yahoo! News
KUALA LUMPUR, Malaysia (AP) — North Korea's ambassador to Malaysia denounced the country's investigation into the death of the exiled half brother of North Korea's ruler, calling it politically motivated and demanding a joint probe amid increasingly bitter exchanges between the once-friendly nations.
Read More
5

Russia's U.N. envoy Churkin dies suddenly in New York

Feb 20 6:54pm Energy News Headlines - Yahoo! News
By Jack Stubbs MOSCOW (Reuters) - Russia's combative ambassador to the United Nations, Vitaly Churkin, died suddenly in New York on Monday after being taken ill at work, the Russian Foreign Ministry said. It declined to comment on reports that Churkin had been taken to a hospital shortly before his death. A U.S. government official, who was not authorized to speak publicly on the case, said that Churkin had died of an apparent heart attack.
Read More
6

Petronas considers $1 bln stake sale in offshore gas project: Sources

Feb 20 6:25pm Energy
Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a local gas project.
Read More
8

Tesla Update Allows Drivers to View Supercharger Availability Through Nav System

Feb 20 3:32pm Energy News Headlines - Yahoo! News
Now you don't have to guess if there's room at the inn, erg, supercharger.
Read More
2

Police expand search for suspect in 2 Indiana girls' deaths

Feb 20 1:50pm Energy News Headlines - Yahoo! News
DELPHI, Ind. (AP) — Authorities said Monday they are expanding the search for a suspect in the killings of two girls who were found dead near a northern Indiana trail last week.
Read More
6

GM Partnership With Lyft Could Result In a Ton of Autonomous Bolt EVs

Feb 20 12:26pm Energy News Headlines - Yahoo! News
The manufacturer and ride-hailing service are looking to set the pace.
Read More
4

US Defense Secretary Mattis: US will stay in Iraq a while

Feb 20 11:07am Energy News Headlines - Yahoo! News
BAGHDAD (AP) — U.S. Defense Secretary Jim Mattis said Monday he believes U.S. forces will be in Iraq and in the fight against Islamic State militants for a while, despite some rocky times between the two nations.
Read More
4

Not My Presidents Day protests pop up in NYC, D.C. and L.A.

Feb 20 7:59am Energy News Headlines - Yahoo! News
Thousands of people in cities around the country turned out in protest of President Trump on Monday — a federal holiday that organizers have dubbed “Not My President’s Day.” Yahoo News dispatched reporters to cover the major demonstrations planned in New York City, Washington, D.C., and Los Angeles. For a recap of the day’s events, scroll through our coverage in the blog below.
Read More
4

Oil rises, but faces prospect of growing US output

Feb 20 5:41am Energy
Oil prices rose but gains were limited on Monday.
Read More
15

Peak Oil Review Feb 20 2017

Feb 20 5:21am Resilience
A weekly roundup of Peak oil news. Oil prices have moved little since they jumped from the mid-$40s to the mid-$50s in late November. Last week was no exception.
Read More
13

Philippines' Duterte ordered murders: ex-police aide

Feb 20 5:08am Energy News Headlines - Yahoo! News
Philippine President Rodrigo Duterte ran a death squad that killed many people, including a journalist and a pregnant woman, when he was mayor of a southern city, a retired policeman who claimed to be part of the group said Monday. Arthur Lascanas, sitting alongside three prominent human rights lawyers, broke down in tears as he listed a series of murders in Davao city that he alleged Duterte ordered either to eliminate critics or fight crime. Lascanas said he even killed his two brothers, who were involved in drug trafficking, due to blind loyalty to Duterte as well as cash rewards.
Read More
10

Appropriate Civilization versus New Despotism: State of Play on 20th February 2017, one month into the Trump presidency

Feb 20 5:00am Resilience
Suddenly believers in the possibility of a better civilization, one rooted in increasing human co-operation and harmony, find ourselves in a world where demagogues can now realistically plot the polar opposite: a new despotism rooted in rising isolationist nationalism and human conflict. The more we dig into how the demagogues and their supporters have organised their recent successes, in particular in using technology to manipulate voter beliefs on an industrial scale, the more terrified many of us find ourselves.
Read More
29