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  London, UK (SPX) Jan 03, 2017 Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the U.S. shale industry became cash flow neutral for the first time ever. That isn't a typo. For years, the drilling boom was done with a lot of debt, and the revenues earned from steadily higher levels of output were not enough to cover the cost of drilling, even when oil prices traded above $100 per barrel in the go-go drilling days between 2011 and 2014. Even when ... read more |
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Texas oil survey reveals OPEC pessimismLess than half of oil industry survey respondents expect OPEC to make good on its promise to cut production in 2017, the Federal Reserve Bank of Dallas found. ... more 
Russia's finance minister sees growth aheadWith oil prices recovering, growth in the Russian economy may be twice as high as official government estimates, the country's finance minister said. ... more 
Last day for fabled New York 'outcry' commodity tradingIt's the end of an era and another sign of digital dominance: Friday is the final day screaming, gesturing traders can buy and sell commodities, including oil, on a trading floor in New York. ... more 
More drilling scheduled offshore NorwayOffshore Norway continued its trajectory for expanded oil and gas exploration work, with the government signing off on two new programs. ... more |
| Previous Issues | Jan 01 | Dec 30 | Dec 29 | Dec 28 | Dec 27 |
 
 
Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review |
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Denmark's largest gas field to closeThe lack of a viable economic solution for the largest natural gas field in the Danish North Sea means production will end in late 2018, Maersk Oil said. ... more 
More oil possible from NigeriaA minority player in OPEC-member Nigeria said it was able to stimulate crude oil production at one of its operating areas by about 15 percent. ... more 
Prospects for Irish explorer Circle Oil dwindleIrish exploration company Circle Oil said its listing on the London stock exchange will be canceled by the end of the week amid financial strains. ... more 
Chinese oil metric paints mixed demand pictureA metric used to gauge Chinese oil demand was slightly higher than last year, though there are signs economic performance is slowing, an industry report said. ... more 
Divestment streak for Petrobras continuesBrazil's state-run oil company said it closed on the sale of a refinery on the Japanese island of Okinawa as its divestment streak continues. ... more |
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 Gazprom offers loan for Turkish gas pipeline 
Economy strained for OPEC-member AngolaThe steady decline in crude oil prices from 2014 peaks above $100 per barrel has left lasting impacts on the economy of OPEC-member Angola, the International Monetary Fund said. ... more 
Poland on defense against Russian gas supplierA Polish natural gas company said it would use any means necessary to ensure its energy sector is secured from the domination of Russian suppliers. ... more |
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The use of residual forest biomass for rural development faces significant economic hurdles that make it unlikely to be a source of jobs in the near future, according to an analysis by economists at Oregon State University.
In a model of the forest industry, researchers in the College of Forestry combined an evaluation of costs for collecting, transporting and processing biomass with the p ... more Biomass operations aren't currently feasible in rural communities Molecular Velcro boosts microalgae's potential in biofuel, industrial applications Ultrafast lasers reveal light-harvesting secrets of photosynthetic algae |
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A new concept in energy harvesting could capture energy currently wasted due to its characteristic low frequency and use it to power next-generation electronic devices, according to a team of Penn State materials scientists and electrical engineers.
The project, funded by Samsung, designed a mechanical energy transducer based on flexible, organic, ionic diodes that points to scalable energ ... more Tesla, Panasonic team up for solar power First movie of energy transfer in photosynthesis solves decades-old debate Ohio keeps renewable energy standards |
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The amount of energy generated by renewables fluctuates depending on the natural variability of resources at any given time. The sun isn't always shining, nor is the wind always blowing, so traditional power plants must be kept running, ready to fill the energy gap at a moment's notice. Because the grid has no storage, and unlike coal or nuclear, there is no control over the fluctuating producti ... more New rules for micro-grids in Alberta Offshore wind makes U.S. debut Apple invests in China wind farms |
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Pakistan's fourth nuclear power plant went online Wednesday, a joint collaboration with China that adds 340 megawatts to the national grid as part of the goverment's efforts to end a growth-sapping energy deficit.
Pakistan is one of the few developing countries pursuing atomic energy in the wake of the Fukushima nuclear disaster in Japan in 2011, as it seeks to close an electricity shortfall ... more Report finds additional radioactive materials in gas-well drill cuttings Chemistry research breakthrough that could improve nuclear waste recycling technologies Researchers model the way into a nuclear future |
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Exxon Mobil CEO and U.S. secretary of state nominee Rex Tillerson should testify before the inauguration on his climate change knowledge, lawyers said.
Lawyers representing more than a dozen U.S. teens called on Tillerson to testify in a case arguing there is a "fundamental constitutional right to a climate system capable of sustaining human life." A notice to testify was served on Sidl ... more Seizing environmental opportunities under a Trump presidency Climate report says 2016 on pace to be hottest year yet Glee to gloom: Climate and the 'Trump effect' |
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Charging stations along the U.S. highway system and advances for school bus fleets are getting the bulk of new alternative vehicle funding, the government said.
The U.S. Energy Department said it was putting $18 million in support forward for projects aimed at developing electric and other hybrid vehicle technology.
"Public investment in advanced, energy efficient transportation ... more China fines GM unit $29 million for 'price-fixing' Volkswagen reaches emissions agreement with 3-liter car owners Uber puts brakes on self-driving cars in California |
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  Iraqi forces have retaken more than 60 percent of eastern Mosul from the Islamic State group since the battle for the city began in mid-October, a top commander said Sunday.
"From east Mosul... more than 60 percent" has been recaptured from IS, Staff Lieutenant General Abdulwahab al-Saadi, a top commander in Iraq's Counter-Terrorism Service (CTS), told AFP.
He was speaking in an area sou ... more IS gunmen attack police station in Iraq's Samarra Iraq forces fight muddy street battle against IS in MosulIraq forces in 'second phase' of east Mosul battle: commander |
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India's Defense Research and Development Organization completed a test for its Agni-V ballistic missile, leading China to question the country's intentions.
The test marked the fourth demonstration of the weapon, which is capable of carrying a nuclear warhead at a range of over 3,100 miles The Hindu reported. The Defense Research and Development Organization hailed the event as a "huge ... more N. Korea plans nuclear push in 2017: top defector Final U.S. ship transferred to South Korean navy decommissioned Kim says N. Korea in 'final stages of test launching ICBM' |
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  Faith has always been at the heart of Tibetan culture. As practitioners of the country's unique form of Buddhism face increasing obstacles to their worship, Beijing has sought to cultivate a different kind of true believer: the football fan.
China, which has fully controlled Tibet since the 1950s, has been accused of political and religious repression in the mainly Buddhist region.
It co ... more As thousands march China says Hong Kong must not subvert mainland Hong Kong's ousted anti-China lawmakers make final appeal over ban Born again: baby boom after China ends one-child rule |
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  A US market regulator is probing the sale of $850 million in Mozambique government bonds used to purchase military equipment, which involved three major banks, according to a person with knowledge of the matter.
The Securities and Exchange Commission is seeking information from investors on the 2013 bond issue which was arranged by Credit Suisse and the Russian bank VTB Group on behalf of a ... more Guinea soldier wanted over stadium massacre appears in court Nigerian army 'crushes' Boko Haram in key stronghold UN cancels controversial Gambia army chief's Darfur visit |
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  Russian rescuers working round the clock have found the main black box from the Syria-bound military plane that crashed into the Black Sea with 92 people on board, authorities said Tuesday.
The defence ministry said the box, which could provide vital clues as to why the Tu-154 jet crashed, was discovered early Tuesday only 1,600 metres from the shore and 17 metres under the surface and was i ... more South Korea deploys AH-64E Apache helicopters for training Sikorsky funded for Phase III of DARPA's ALIAS program Lockheed Martin contracted for South Korean F-35 integration work |
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China had "real cause for concern" after US President-elect Donald Trump chose outspoken China critic Peter Navarro for a top trade position, Chinese media reports said Friday, as they warned of a potential trade war.
Trump has picked Navarro to head the White House National Trade Council, a new office that will oversee trade and industrial policy, in the latest sign he is moving ahead with ... more China manufacturing growth slows US returns Alibaba website to counterfeits blacklist Toshiba shares fall 20% after it flags one-off loss |
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Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world's second-largest economy.
But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks.
The economy grew 6.7 percent in Jul ... moreChina data and US banks propel equities higher No debt-for-equity cure for zombie firms, says China China's ranks of super-rich rise despite economic slowdown |
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Incoming UN Secretary-General Antonio Guterres said he wants to meet Donald Trump "as soon as possible" and is "determined to establish a constructive dialogue with the new US administration".
Guterres, who met with Russian President Vladimir Putin at the end of last month, said he hoped for a similar outcome with the American President-elect.
The former Portuguese prime minister takes o ... more India bans foreign funds of 20,000 charities: official McCain calls for permanent US troops in Baltics Duterte seeks 'strategic shift' from US to China: envoy |
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Madrid on Thursday lifted an unprecedented ban on half of most private cars as pollution in the Spanish capital eased up.
A day earlier and for the first time in Spain, authorities decided to implement a measure already used in other cities abroad by ordering vehicles with even-number registration plates to drive on even-number days, and cars with odd-number plates on odd-number days.
Th ... more Obama criticized after monument designation Beijing starts 2017 under a cloudIn Spain first, Madrid bans half of cars to fight smog |
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Cypriot President Nicos Anastasiades on Saturday urged Turkey to live up to its responsibilities and help to reunify the divided island when crucial peace talks resume next month in Switzerland.
Anastasiades and Turkish Cypriot leader Mustafa Akinci are to hold talks in Geneva from January 9 after negotiations broke down last month.
If all goes well they will be joined on January 12 by t ... more A 2016 love story: the Macedonian cop and the Iraqi refugee US prosecutors ask Alexa: whodunit? 'Tiny earthquakes' help scientists predict mountain rock falls |
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