The U.S. shale gas boom has given consumers cheaper heating and power bills, but it is also fueling a chemical manufacturing renaissance.
Comments from OPEC’s Secretary General this week signal a fundamental misunderstanding of how the U.S. oil industry works.
Exports of U.S. petroleum and petroleum products have surged in recent years. Here were the biggest buyers of these exports in 2016.
U.S. crude oil exports are surging, even as we continue to import millions of barrels per day. The reasons for that come down to logistics and refinery economics.
Recent data from the International Energy Agency provides some reasons to believe the three-year bear market in the energy sector may finally be coming to an end.
According to the latest OPEC report, China’s oil demand is growing more than twice as fast as it did a year ago.
Even if you don’t accept that human activity is altering the climate, the relationship between warmer oceans and extreme weather events is undeniable.
Gasoline prices are on the rise in the wake of Hurricane Harvey, leading to charges of price gouging from angry consumers. But the alternative to rising prices may be worse.
Over the past five years, oil demand grew in every major region of the world except for one.
Tropical Storm Harvey’s impact to the nation’s energy infrastructure will likely be the largest the country has experienced in decades.
California is home to 40% of the nation’s solar PV systems. Here’s how utilities there are preparing for the solar eclipse that will reduce output across the state by 6 gigawatts.
Some people use the phrases “peak oil” and “peak demand” interchangeably, but the two scenarios lead to entirely different outcomes.
Peak demand is all the rage, which is odd considering that U.S. gasoline consumption has just reached a new all-time high.
The Bakken isn’t quite booming again, but on a recent trip there I saw plenty of signs that drilling activity is heating up.
Sanctions on Venezuelanoil imports would impact Citgo the most, while other U.S. Gulf Coast refiners could benefit if Citgo has to curtail operations. Here is the full list of refiners that used Venezuelan crude oil in 2016.
Norway leads the world in the adoption of electric vehicles. Oddly, it lags its neighbors in reducing oil consumption.
Oil and gas companies got hit pretty hard in the first half, but the solar sector turned in a stellar performance.
Thenewest BP Statistical Review shows coal losing market share, while oil and natural gas both set new consumption records.
Coal consumption fell in 2016, and renewables picked up the slack. But global energy consumption continues to be dominated by fossil fuels.
There are many factors influencing oil prices, but the immediate cause can be distilled down to record levels of crude oil in storage.
The newest BP Statistical Review shows that demand for oil has never been higher, despite continued exponential growth in electric vehicle sales.
President Trump’s recent decision to pull out of the Paris climate agreement is short-sighted and may have significant ramifications for the U.S.
Consumers are saving a lot of money due to the new energy supplies brought on by hydraulic fracturing. But most don’t realize that’s the primary reason gasoline prices were so low this Memorial Day.
What’s it like to be an oilfield worker in the Bakken in North Dakota? I spoke with someone who provides a firsthand account.
U.S. energy security has improved as domestic oil production has surged. It may be time to rethink our emergency supply of crude oil.
Every week a new article declares that the end of the oil age is upon us, but petroleum demand continues to set new records.
With resilient U.S. shale producers ramping up production, OPEC is now conceding that the threat from shale oil is far greater than the cartel previously estimated.
Had former Venezuelan President Hugo Chávez managed the country’s oil industry differently, the country might not find itself in its current dire predicament.
During his first 100 days in office, President Trump’s energy policies pleased most Republicans and horrified most Democrats.
In 2005, it seemed clear that the U.S. was about to enter a long-term energy crisis. But that’s not exactly how things turned out.
U.S. crude oil inventories have reached record highs this year, but U.S. crude oil imports have turned upward as well. This may be partially a response to one of the proposals President Trump has floated.
OPEC meetings next month, and if it continues the production cuts enacted last November, one of the biggest beneficiaries will be U.S. shale oil producers.
President Trump will fulfill his promise to repeal President Obama’s Clean Power Plan, but the impact will be merely to slow the coal industry’s decline.
After years of foot-dragging, President Obama rejected TransCanada’s application to build the Keystone XL pipeline. Now it’s back, and approval of the project is imminent.
U.S. shale oil producers continue to be a thorn in the side of OPEC, which once again finds itself in a no-win situation.
U.S. crude oil prices plunged following a weekly inventory report that wasn’t actually as bearish as it seemed.
U.S. refiners are reportedly about to get a change in the country’s biofuel rules that they have long sought.
The U.S. ended a long-standing crude oil export ban in 2015, and crude oil exports are soaring in response.
Advanced biofuel company Gevo has outlasted most of its advanced biofuel competitors, largely at the expense of its shareholders.
Activity in the Permian Basin is booming, with crude oil production doubling there in the past six years.
Electric vehicle sales continue to grow at a blistering pace, but it will take years to make a meaningful dent in the world’s oil demand.
Could an increase in U.S. shale oil production ultimately offset OPEC’s recent production cuts? Today that possibility is investigated.
The fossil fuel industry has mostly cheered the actions of the Trump Administration, but they are likely concerned about the repercussions of placing import tariffs on goods arriving from Mexico.
Although President Trump has spoken in favor of the ethanol industry, his choice to lead the EPA – which is charged with implementing the policy – has not. This has some biofuel advocates concerned about the future.
Last week Sen. Jeff Merkley challenged Rex Tillerson on the issue of climate change leadership. But Sen. Merkley doesn’t seem to appreciate the actual results of China, India, and the U.S. in reducing carbon dioxide emissions.
Energy policy is going to sharply shift direction in 2017. Here’s what to expect.
A lot happened in the energy sector in 2016. Here are some of the biggest energy stories of the year.
A recent announcement that the city government of Las Vegas was buying enough renewable electricity to completely power its facilities has morphed into a new energy myth.
The EPA has released a final report on the safety of hydraulic fracturing, which attempted to address concerns in an earlier draft report that stated there was no evidence that fracking systemically contaminates water supplies.
Despite President Obama’s reputation as an anti-energy president, he has presided over the greatest expansion of domestic energy in U.S. history.
OPEC’s announcement a week ago that it would cut crude oil production has sent the crude oil markets soaring. Still, some are skeptical. Here’s what the skeptics are missing.
OPEC’s decision to cut production marks the end of a costly two-year experiment.
The latest IEA projections are bullish on oil prices in the near-term, and warns of an oil price shock if recent investment trends continue in 2017.
Earlier this month the IEA released its influential World Energy Outlook 2016. The report highlights the challenges the world faces in getting carbon dioxide emissions under control.
The U.S. Geological Survey just announced its largest ever assessment of oil — 20 billion barrels in the Permian Basin. Here’s what you need to know.
Energy policies usually take years to produce results, but there is one area that Donald Trump is likely to immediately impact.