OPEC keeps global oil demand forecast unchanged
Global oil demand will increase by 1.2 million barrels a day this year to 94.18 million a day, led by India, the group’s Vienna-based research department said in the monthly report.
Has OPEC won the oil price war?
OPEC isn’t yet in safe harbor. But ahead of a top-level meeting, the 13-nation oil cartel appears close to weathering the storm of slumping crude prices that threatened to bankrupt some members and called into question its relevance.
How significant are supply disruptions to rise in the price of oil?
Global crude oil supply has suffered significant disruption in recent weeks from sabotage in Nigeria, fires in Canada, and political failure in Venezuela, supporting a rise in prices to nearly $50 a barrel.
Utah’s energy summit highlights challenges, successes
The Governor’s Utah Energy Development Summit opened Tuesday amid an economic climate for fossil fuels dominated by uncertainty and pessimism — at least for the coming months.
The states where it pays to buy a new electric car
What’s the best place in the country to buy a new electric car? That honor arguably goes to Colorado, whose legislature just passed a bill that, starting in 2017, will effectively give consumers a $5,000 discount at the dealership.
A closer look at who is attacking renewable fuels
It is always disappointing to see Big Oil-funded “scholars” perpetuation of myths about the U.S. biofuels industry.
Obama’s modest biofuel quota for 2017 blasted by producers
The Obama administration tried to strike a cautious compromise Wednesday in setting quotas for a controversial renewable fuels program that pits Big Oil against Corn Belt interests.
Former Shell president: Can’t meet world fuel demand without alternatives
John Hofmeister went on CNBC on Thursday to talk about the current and future price of oil, and he gave viewers more to think about when he elevated the discussion to include the need for alternatives to meet the world’s growing appetite for transportation fuel.
Oil hits six-month highs on supply outages, Goldman forecast
Oil prices hit six-month highs on Monday on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market, although a stockpile build at the U.S. storage hub for crude futures limited gains.
Not-so-Big Oil
It has been a grim decade for investors in international oil firms—among them, many of the world’s biggest pension funds. In the past 18 months things have gone from bad to worse.
