Category: News

Reposted from Bloomberg https://www.bloomberg.com/news/articles/2017-09-17/oil-holds-advance-near-50-as-u-s-drillers-idle-more-crude-rigs By Jessica Summers Oil hovered below $50 a barrel as oil demand is seen decreasing with refiners set to begin seasonal maintenance. Futures slipped as much as 1.4 percent in New York after a 5.1 percent gain last week. Crude demand typically takes a hit when refineries shut down key units … Continue reading Oil Trades Near $50 as Demand Seen Dropping Amid Refinery Work

Reposted from Bloomberg https://www.bloomberg.com/news/articles/2017-05-22/why-the-permian-basin-is-opec-s-new-headache-quicktake-q-a By Mark Shenk May 21, 2017, 11:00 PM CDT A dry expanse straddling the Texas-New Mexico border has become such a bounty of energy that it’s now a threat to OPEC. Surging output from the Permian Basin, which has been described as a layer cake of oil and natural gas, is projected to … Continue reading Why the Permian Basin Is OPEC’s New Headache: QuickTake Q&A

Reposted from The Guardian In one of the more entertaining moments of COP22, the global climate conference held in Marrakech last week, the Chinese vice-foreign minister Liu Zhenmin, gave the absent US president-elect a short lesson in the history of climate diplomacy. Climate change, he explained, was not a Chinese hoax. In fact, long before the … Continue reading China emerges as global climate leader in wake of Trump’s triumph

Re-posted from The Diplomat http://thediplomat.com/2017/01/chinas-ambitious-new-clean-energy-targets/ By Ma Tianjie January 14, 2017 China’s 13th Five Year Plan on Energy Development (Energy 13FYP) might be one of the most anticipated energy blueprints in the world for its far-reaching implications for the carbon trajectory of the planet’s largest emitter. On January 5, 2017, the National Energy Administration finally unveiled the … Continue reading China’s Ambitious New Clean Energy Targets

Reposted from https://www.cnbc.com/2017/07/31/oil-rises-above-50-for-first-time-in-2-months--then-retreats.html U.S. crude closed above $50 a barrel for the first time in more than two months. WTI crude initially turned lower after touching the $50 milestone, but surged into the close of Monday's trading session. Traders have been raising their bullish bets on oil in recent weeks. Tom DiChristopher | @tdichristopher Monday, 31 … Continue reading Oil surges into the close to settle above $50, posts best monthly gain since April 2016