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A Dose of Reality: Breaking Our Plastics Habit Is Easier Said Than Done

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, US News / By

There are alternative sources of energy for coal, gas and oil, but there are few substitutes for polymers. By David Fickling David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. Could our unshakeable addiction to plastics be broken? …

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U.S. Offshore Oil Industry Reawakens After Francine Shut-Ins

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region’s output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers. Hurricane Francine shut in up to 42% of the region’s offshore oil …

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The Spirit of Fracking Comes to U.S. Lithium Mining

Energy Topics & Technology, Latest, Minerals, US News / By

By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.   “Fracking” is an expletive in environmental circles. Yet the spirit of shale is creeping into a business with transformational potential for …

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Why Fracking Remains a Political Lightning Rod for Controversy

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Hydraulic fracturing, or fracking, has been thrust back into the public spotlight as Vice President Kamala Harris’ change of position on it comes under scrutiny given her campaign for the White House. The groundbreaking technique for oil and gas extraction that vaulted the US to energy independence has for years been a lightning rod for controversy. …

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COMMENTARY: Oil Market Balances Only Get Worse From Here

Conventional Energy, Energy Commentary, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Stockpiles have been declining, but a flood of supply will push them back up next year. Despite oil’s recent foray below $70 a barrel, market balances aren’t currently that bad. The problem is, this is as good as things get for quite some time. In its monthly report Thursday, the International Energy Agency said stockpiles contracted in …

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U.S. Oil Boom Turns Kamala Harris Into an Unlikely Fracking Supporter…But For How Long?

Conventional Energy, Energy Topics & Technology, Latest, Oil, US News / By

The candidate touts the benefits of energy independence even as she pledges to continue Biden’s decarbonization push. Kamala Harris has a claim to serving in one of the greatest presidential administrations for the US fossil fuel industry in history. Domestic oil and gas output, refining margins and company profits have all hit record highs during her …

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IEA Cuts 2024 Oil Demand Growth Forecast on China Slowdown

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil / By

Summary IEA’s 2024 demand growth forecast cut by 7.2% Projection for 2025 remains unchanged Oil prices pare gains after report (Reuters) – The International Energy Agency (IEA) has cut its 2024 oil demand growth forecast by 70,000 barrels per day (bpd), or about 7.2%, to 900,000 bpd, it said in its monthly oil market report …

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India Wants OPEC+ to Raise Oil Output, Oil Secretary Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation’s oil secretary Pankaj Jain said on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, last week agreed to delay a planned oil …

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U.S. Gasoline Prices Set to Fall Under $3/gallon as Election Nears

Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, Oil, Pinned Primary, US News / By

Summary US avg. gasoline price set to dip to $2.99/gal by late Oct. Lower fuel prices could help Democrats in election Pump prices down sharply in competitive ‘swing states’ Wild Card: Hurricane Francine churns through oil patch (Reuters) – U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in …

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