Oil / Finance

'Pioneering' offshore windfarm set to open later today

May 17 7:32am Energy
A large windfarm off the coast of Liverpool Bay is set to be officially opened later today.
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#PUTAPRICEONIT: Combating Climate Change through Carbon Taxation

May 17 7:23am Resilience
Carbon taxes are witnessing a huge uptick in attention. The advent of the Trump era is causing clean energy and climate defenders to pursue alternative policy priorities to those of the Obama era. The post #PUTAPRICEONIT: Combating Climate Change through Carbon Taxation appeared first on Resilience.
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Oil dips on U.S. inventory build, defies OPEC-led cut efforts

May 17 5:30am Energy
Oil prices fell on Wednesday after industry data showed a surprise increase in U.S. crude inventories.
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Commodities, energy are finally bottoming: Strategist

May 17 3:01am Energy
Tim Hayes, investment strategist at Ned Davis Research Group, discusses investment in energy commodities.
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LNG global supply glut may persist until 2020, says Thailand's PTT

May 16 11:43pm Energy
A global supply glut in liquefied natural gas will persist for the next two to three years, the CEO of state-run oil and gas giant PTT told CNBC.
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Don't Stop 'Til You Get Enough (Capacity) - Natural Gas Projects Vie to Provide SCOOP/STACK Takeaway Capacity

May 16 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
Rising crude oil production in the SCOOP and STACK oil and NGLs shale plays is driving the development of processing and natural gas pipeline capacity for associated natural gas volumes from the region. Earlier this month (Wednesday, May 3), Enable Midstream announced Project Wildcat, a 400-MMcf/d rich gas takeaway project. On the same day, SemGroup Corp. announced the Canton Pipeline to provide an initial 200 MMcf/d (and up to 400 MMcf/d) of capacity between the STACK play and its processing facility in northern Oklahoma. Enable last month also announced a firm shipper commitment on another of its takeaway projects — the Cana and STACK Expansion (CaSE). At the same time, late last month (on April 27), NextEra withdrew plans for its 1.2-Bcf/d Sooner Trails Pipeline. Today, we provide an update of the various projects vying to move associated gas from the SCOOP/STACK to downstream demand markets.
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Oil drops on rising US crude inventory, defies expected supply cut extension

May 16 8:51pm Energy
Oil prices fell 1 percent on Wednesday after data showed an increase in U.S. crude inventories.
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Cautious progress in Libyas oil output

May 16 7:01pm The Barrel Blog
Rising Libyan oil production is primarily the result of the military success of General Khalifa Haftar, whose so-called Libyan National Army forces are wresting unitary control of the oil supply chain from a patchwork of local militias. These advances have forced the UN-backed Government of National Accord to the negotiating table, raising the prospect of […] The post Cautious progress in Libya’s oil output appeared first on The Barrel Blog.
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Report: Trump asked Comey to end FBIs Flynn-Russia investigation

May 16 6:12pm Energy News Headlines - Yahoo! News
A second consecutive day of bombshell stories sent the Trump administration scrambling after the New York Times reported Tuesday that President Trump implored FBI Director James Comey to drop the bureau’s investigation into former National Security Adviser Michael Flynn’s ties to Russia at a February meeting. The White House issued a response minutes after the story posted to the Times website, denying the president ever made such a request.
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Washington sets new sanctions on Syria regime

May 16 5:51pm Energy News Headlines - Yahoo! News
The Trump administration targeted five individuals for sanctions in response to Bashar Assad's “continuing violent attacks” on his own citizens.
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Kellyanne Conway rips Morning Joe hosts for saying she secretly hates Trump

May 16 3:37pm Energy News Headlines - Yahoo! News
The counselor to the president has responded to claims made by Joe Scarborough and Mika Brzezinski that she would privately complain about having to defend the Republican candidate during the 2016 campaign.
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Commodities tomorrow: Market seeks deeper production cut

May 16 3:20pm Energy
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
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Oil settles at $48.66, down 19 cents, as traders await data on US crude stockpiles

May 16 2:34pm Energy
Oil prices initially extended gains after Saudi Arabia and Russia pushed for an extension of supply cuts.
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OPEC Fail: Cartel is failing to shrink global oil supply and that might not change this year

May 16 1:46pm Energy
Crude stockpiles remain above OPEC's target, and output cuts may not be enough to achieve the goal in 2017, IEA said.
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Lawmakers demand Trump release transcript of Russia meeting if there is one

May 16 1:26pm Energy News Headlines - Yahoo! News
Members of Congress want President Trump to release the transcript of his meeting with Russia’s foreign minister and ambassador, assuming the meeting was recorded.
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Oil prices dip back below $49, despite growing support for extending supply cuts

May 16 11:09am Energy
Oil prices initially extended gains after Saudi Arabia and Russia pushed for an extension of supply cuts.
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Can the US Legally Weaken its Paris Agreement Climate Pledge?

May 16 8:14am Resilience
The Paris Agreement on climate change is designed to weather the peaks and troughs of political commitment, over time and from country to country, while ensuring that ambition ratchets inexorably upwards over time. The post Can the US Legally Weaken its Paris Agreement Climate Pledge? appeared first on Resilience.
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GE looks to develop renewable energy skills in Ethiopia

May 16 7:57am Energy
GE has partnered with an Ethiopian university to help boost renewable energy skills in the country.
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Heres why oil traders are so focused on the Iranian elections

May 16 7:39am Energy
Iranians will vote for a new President on Friday in an election being closely watched due to the implications for Iran's nuclear deal.
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Tetra Pak announces big boost in renewable electricity use

May 16 6:43am Energy
Tetra Pak now uses renewable electricity for over one third of its total yearly consumption.
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Oil market re-balancing is here and will continue, IEA says

May 16 4:23am Energy
The oil market has essentially reached a balance and will continue to accelerate in the near term, says the IEA.
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OPEC crude production rose by 65KB/D in April: IEA

May 16 4:12am Energy
Neil Atkinson, head of the oil industry and markets division at IEA, weighs in on how influential an extension of the OPEC output cut would be on the oil market.
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Oil prices rise on expectation of extended crude supply cut

May 16 3:51am Energy
Oil prices rose on Tuesday, extending gains after a joint announcement by Saudi Arabia and Russia to push for an extension of supply cuts.
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Investment in energy sector has been opportunity driven: DCC CEO

May 16 1:06am Energy
DCC CEO Tommy Breen speaks about his company's double-digit growth and its acquisition of companies in certain business sectors.
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Can electrification penetrate the heavy-duty vehicle sector?

May 16 1:01am The Barrel Blog
“Daddy, when I grow up, should I become a petroleum engineer?” As noted frequently in Platts monthly newsletter Energy Economist, the decarbonization of transport seems for many limited to the light passenger vehicle market. The general assumption is that battery density is insufficient for heavy-duty vehicles. The all-electric aeroplane, for example, has as much chance […] The post Can electrification penetrate the heavy-duty vehicle sector? appeared first on The Barrel Blog.
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The 'permanent' cap on oil markets

May 15 10:40pm Energy
Brett Ewing, First Franklin Financial Services, weighs in on what where oil prices and U.S. markets are headed.
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Bangladesh's energy needs

May 15 9:47pm Energy
Ayesha Aziz Khan, Summit Power International, talks about the projects being carried out to support power plant development in Bangladesh and other emerging markets.
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Oil prices build on gains on expectation of extended crude supply cut

May 15 9:35pm Energy
Oil prices rose on Tuesday, extending gains after a joint announcement by Saudi Arabia and Russia to push for an extension of supply cuts.
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Former SolarCity CEO Lyndon Rive will leave Tesla

May 15 9:22pm Energy
Lyndon Rive, the founder of SolarCity, will leave electric vehicle maker Tesla in June to turn his hand to starting and running his own unspecified ventures.
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We Can Work It Out - Moving Bakken and Other U.S. Crude on VLCCs from the Gulf to Asia

May 15 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
For the first time ever, a Very Large Crude Carrier (VLCC) carrying Bakken crude has sailed from the Gulf of Mexico to Asia, and more may follow.
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In close House race, Republican Karen Handel gets help from Paul Ryan

May 15 6:04pm Energy News Headlines - Yahoo! News
The word "Trump" is conspicuously absent in Karen Handel's fierce campaign against Democrat Jon Ossoff in Georgia's Sixth Congressional District.
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Rogue OPEC member could upset Russia and Saudi Arabia's 'new oil order'

May 15 5:18pm Energy
Saudi Arabia and Russia agreed to extend output cuts, but one of OPEC's biggest producers may object, Helima Croft said.
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Former Obama Justice Department official slams Sessions over drug sentencing reversal

May 15 5:10pm Energy News Headlines - Yahoo! News
Vanita Gupta, the former head of the U.S. Justice Department’s Civil Rights Division, called Attorney General Jeff Sessions’ harsh new sentencing policy “incredibly disappointing” in an interview Monday. Last week, Sessions directed all federal prosecutors to pursue “the most serious, readily provable offense,” including those that carry mandatory minimum sentences — effectively reversing course on Obama-era policies aimed at drug sentencing reform. Gupta, who also served as principal deputy assistant attorney general in the Obama administration, said the move was not entirely surprising given Sessions’ record in the Senate of resisting criminal justice reform.
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Trump thinks exercise is bad for you, depletes limited energy

May 15 3:52pm Energy News Headlines - Yahoo! News
President Trump has a peculiar theory about exercise which does not match the medical community’s conclusion that it’s healthful and worthwhile. Apparently, the president thinks that human energy resembles a battery’s energy in that it’s limited, and exercise depletes this resource.
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Washington Post Report Fuels Chaos in White House

May 15 3:20pm Energy News Headlines - Yahoo! News
Donald Trump's White House was thrown into further disarray with a new report that he shared classified information with Russian diplomats. Former Press Secretary Josh Earnest and former Clinton aide Neera Tanden join Ari Melber to discuss the fallout.
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Spiking inflation, spiraling violence bring Venezuela 'close to the bottom'

May 15 2:50pm Energy
The country's economy may have started the year on a much-worse note than the country's legislature has stated.
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Oil surges to nearly $49 a barrel on Saudi-Russia output deal. Here are the next levels to watch

May 15 2:49pm Energy
U.S. crude traded solidly above a key technical level after Saudi Arabia and Russia agreed to extend output cuts.
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US crude settles at $48.85, up 2.1% at 2-week high on Saudi-Russia output deal

May 15 2:39pm Energy
Oil rose more than 3 percent after Saudi Arabia and Russia said supply cuts needed to last into 2018.
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US shale oil drillers keep on pumping: EIA forecasts 122,000 barrels a day jump in June

May 15 2:06pm Energy
U.S. shale oil drillers are expected to raise output again in June, as OPEC and other exporters are poised to extend cuts.
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WaPo: Trump Shares Secret Info With Russians

May 15 2:00pm Energy News Headlines - Yahoo! News
Greg Jaffe, one of the Washington Post reporters who broke the news of Donald Trump sharing highly classified information with Russian officials while they visited the Oval Office, talks with Rachel Maddow about how the story came together.
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Oil prices surge above $49 a barrel on Saudi, Russian output agreement

May 15 1:34pm Energy
U.S. crude traded solidly above a key technical level after Saudi Arabia and Russia agreed to extend output cuts.
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Hot commodities: The best could be ahead for bouncing oil and silver

May 15 1:27pm Energy
There is reason to believe Monday's respective bounces will continue.
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European markets close higher; cybersecurity, oil stocks rally; OMV up 7%

May 15 11:49am Energy
European markets closed higher on Monday after hitting new record highs.
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Two Killed As Business Jet Crashes, Burns Near NJ Airport

May 15 11:39am Energy News Headlines - Yahoo! News
Two crew members were killed and several buildings were set ablaze when a Learjet carrying no passengers crashed Monday while trying to land at a New Jersey airport, authorities said.
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Op-Ed: Oil traders are getting ahead of themselves. Reality is about to 'rear it's ugly head'

May 15 11:30am Energy
Extending oil cuts to 2018 alone won't be enough to maintain higher oil prices, says trader Naeem Aslam.
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Oil prices are surging above $49 a barrel on Saudi, Russian output agreement

May 15 10:57am Energy
U.S. crude traded solidly above a key technical level after Saudi Arabia and Russia agreed to extend output cuts.
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Iranian election could drive oil prices

May 15 10:18am Energy
CNBC's Seema Mody reports the latest on crude prices, the OPEC meeting later this month and big movers in energy.
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European markets mixed; cybersecurity, oil stocks rally; OMV up 6.8%

May 15 9:36am Energy
European markets were trading in mixed territory on Monday afternoon as they take a breather from new record highs.
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Woodward and Bernstein say Comey firing is different than Watergate

May 15 9:26am Energy News Headlines - Yahoo! News
But the famed former Washington Post investigative reporters whose Pulitzer Prize-winning work ultimately led to the resignation of President Richard Nixon differ on their reasons.
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Brent crude oil rises to $52 as Saudi Arabia, Russia back longer supply cut

May 15 9:09am Energy
Oil rose more than 3 percent after Saudi Arabia and Russia said supply cuts needed to last into 2018.
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Are Solar and Wind Really Killing Coal, Nuclear and Grid Reliability?

May 15 8:37am Resilience
So, are wind and solar killing coal and nuclear? Yes, but not by themselves and not for the reasons most people think. Are wind and solar killing grid reliability? No, not where the grid’s technology and regulations have been modernized. In those places, overall grid operation has improved, not worsened. The post Are Solar and Wind Really Killing Coal, Nuclear and Grid Reliability? appeared first on Resilience.
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UK supermarket Tesco commits to a renewable future

May 15 8:01am Energy
Tesco has announced a commitment to 100 percent renewable electricity by the year 2030.
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Oil surges on output cut extension but analysts caution upside is capped

May 15 6:23am Energy
Oil prices surged Monday after a Saudi Arabia and Russia vowed to extend the oil production cut deal until March 2018.
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Putin says extending oil output cuts will deliver stable oil prices

May 15 6:10am Energy
Putin said on Monday that extending oil output cuts for a further nine months would ensure stable oil prices.
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Oil rises to $52 as Saudi, Russia back longer supply cut

May 15 5:37am Energy
Oil rose more than 2 percent to $52 a barrel after Saudi Arabia and Russia said supply cuts needed to last into 2018.
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European markets hit record highs; cybersecurity, oil stocks rally

May 15 3:40am Energy
European markets hit record highs Monday thanks to regional election win for German Chancellor Angela Merkel's party and oil output cuts.
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