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  Houston (UPI) Feb 2, 2017 A ceiling may be fast approaching for crude oil prices as U.S. supply pressures re-emerge in response to rising production, analysis find. The price for Brent crude oil, the global standard, topped $56 per barrel this week in a market upswing as traders express confidence about a return to an era of balance. Higher production from some members of the Organization of Petroleum Exporting Countries and from U.S. shale tipped the scales since the middle of the decade and eventually pushed crude oil ... read more |
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More corruption concerns emerge for U.S. energy sectorFurther concerns about possible corruption in the U.S. energy sector emerged after the Republican-led House moved to axe disclosure rules. ... more 
Russia could move quicker on oil production declinesRussia could move quicker than expected on trimming oil production under the terms of an OPEC-led agreement, the country's energy minister said Thursday. ... more 
Early rally in oil fizzles on Libyan reboundGeopolitical tensions in the Persian Gulf offered support to crude oil prices early Thursday, though renewed work in Libya could undermine the rally. ... more 
Weatherford says its strategy is paying offAn unbending commitment to improving finances after spending in oil and gas exploration and production declined will pay off, Weatherford International said. ... more |
| Previous Issues | Feb 02 | Feb 01 | Jan 31 | Jan 30 | Jan 28 |
 
 
 
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Kuwaitis seek roots in upmarket tents under the starsNostalgic for their Bedouin roots, Kuwaitis like Ahmad al-Shimmari are following in the footsteps of their desert-dwelling ancestors living in tents under the stars - but with a touch of modern luxury. ... more 
Average U.S. gas prices decline for 21 consecutive daysThe national average for gasoline prices declined for 21 consecutive days, buoyed by the increase in crude oil production in the United States and lower driving demand, according to retail analysis. ... more 
Easement imminent for final leg of Dakota Access pipelineConstruction of the Dakota Access oil pipeline will proceed, though the immediate timeline remains unclear, a state senator said. ... more 
Oil production responsible for more methane, ethane emissionsThe amount of methane and ethane emitted by the oil and gas industry in recent decades has been underestimated. ... more 
A tale of two shales in TexasThe Permian shale oil basin in the southern United States is among the few to show gains even during the market downturn, a federal report finds. ... more 
Market factors give boost to oil pricesCrude oil prices rallied again on signs of compliance with a managed decline deal, though emerging market factors may drag on the rally. ... more |
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 Iraqi oil player may be facing headwinds 
Surge in electric cars may blindside big oil: reportOil companies underestimating the global market for electric vehicles could be caught unaware by weakened demand for petrol within a decade, analysts said Wednesday. ... more 
Cuba oil potential estimate revised higherCuba-focused Melbana Energy said it more the doubled its reserve estimates for onshore oil, though recovery rates there are low so far. ... more 
Statoil completes sale of Alberta oil sandsNorwegian energy major Statoil said it closed on the sale of its entire oil sands operations in the oil-rich Canadian province of Alberta. ... more
Arctic oil production more than doubled, Russia saysRussian oil company Gazprom Neft said its production from a field in Arctic waters more than doubled from levels reported in 2015. ... more |
  
Scientists have long known of the potential of microalgae to aid in the production of biofuels and other valuable chemicals. However, the difficulty and significant cost of growing microalgae have in some ways stalled further development of this promising technology. Bendy Estime, a biomedical and chemical engineering Ph.D. candidate, has devoted his research to this area, and developed a new te ... more DuPont Industrial Biosciences to develop new high-efficiency biogas enzyme method Cathay Pacific to cut emissions with switch to biofuel Populus dataset holds promise for biofuels, materials, metabolites |
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Eltek has announced a contract with United Nations Development Programme (UNDP) to provide complete photovoltaic solar solutions for 104 hospitals in Zimbabwe.
Eltek will provide full delivery, installation, service and monitoring of the solar systems which use Eltek's breakthrough Rectiverter technology as a key component. The Rectiverter combines the functions of a rectifier and an inver ... more Saudi Arabia takes low-carbon energy approach NRDC: States should lead low-carbon economy Storing solar power increases energy consumption and emissions |
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Prysmian Group, world leader in the energy and telecom cable systems industry, has secured a Pounds 27 million contract with East Anglia One Limited to supply and install the land cable connection for the East Anglia ONE offshore wind farm. Comprising of 102 turbines, the Pounds 2.5 billion wind farm will generate sufficient electricity to power 500,000 homes.
The contract involves the ... more Russia's nuclear giant pushes into wind energy The power of wind energy and how to use it Largest US offshore wind farm gets green light |
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  Japan's Toshiba is set to dramatically reduce its nuclear operations and stop building new atomic power plants after suffering billion of dollars of losses on US projects, a report said.
The engineering conglomerate, a once proud pillar of corporate Japan, is undergoing major restructuring after an accounting scandal and huge losses in its nuclear business.
The company now intends to ann ... more International partnerships vital for UK nuclear energy Canada uranium supplier, Fukushima operator in contract fight Russia 'ready' to entirely fund Hungary nuclear plant |
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New research suggests that the capacity of the terrestrial biosphere to absorb carbon dioxide (CO2) may have been underestimated in past calculations due to certain land-use changes not being fully taken into account.
It is widely known that the terrestrial biosphere (the collective term for all the world's land vegetation, soil, etc.) is an important factor in mitigating climate change, a ... more EU ahead of the curve on climate fight Land-use change possibly produces more carbon dioxide than assumed so far 17 million face hunger in Horn of Africa due to drought |
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China's JAC Motors and a Mexican firm are teaming up to invest $212 million in a plant to produce sport-utility vehicles in central Mexico, officials said Wednesday amid trade tensions with the United States.
The deal will expand the capacity of a plant owned by the Mexican company, Giant Motors Latinoamerica, in Ciudad Sahagun, central Hidalgo state.
Giant Motors director Elias Massri s ... more Daimler to supply self-driving cars for Uber Dieselgate drags on for VW and Bosch with new payoutsGerman prosecutors say probing former VW CEO for fraud |
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Iraqi forces face a massive challenge as they press on to retake western Mosul, but the days of the Islamic State group are counted, a UN envoy said Thursday.
Iraqi Prime Minister Haider al-Abadi declared on January 24 that his forces had retaken east Mosul and the battle was now moving to the other side of the Tigris River.
"This steady progress should not conceal that fighting has ... more Trump's travel ban blocks Iraqi family's move to US Iraq family turned back by US says cleared for entryIraq calls on US to review 'wrong' travel ban |
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  US President Donald Trump and South Korea's Acting President Hwang Kyo-Ahn vowed Sunday to "strengthen" their joint defense capabilities against the belligerent North, the White House said.
"President Trump reiterated our ironclad commitment to defend the ROK, including through the provision of extended deterrence, using the full range of military capabilities," the White House said in a sta ... more S. Korea 'suspends visas' for Chinese teachers Iran rejects Trump missile warning as relations sour Trump on Iran: 'Nothing is off the table' |
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  The mystery over the reported abduction from Hong Kong of a Chinese billionaire deepened Wednesday after a newspaper advert appeared in his name pledging loyalty to China, in a case that has heightened fears over Beijing's meddling.
The whereabouts of financier Xiao Jianhua - one of China's richest men - are unclear after reports in overseas Chinese-language media that he was taken from Ho ... more Missing Chinese billionaire targeted over stocks crash: reportHong Kong leadership favourite testifies in corruption trial Trump to ruffle feathers in Year of the Rooster |
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  The west African force deployed in The Gambia to secure the nation's presidential transition said Monday it had recovered weapons from the former leader's home, and arrested a high-ranking Gambian general.
Senegalese General Francois Ndiaye, who leads military forces sent by the Economic Community of West African States (ECOWAS), said the arms and ammunition were found at ex-president Yahya ... more Shabaab attacks Kenya army base in Somalia 14 members of pro-govt militia killed in Mali attack The 5 previous West African military interventions |
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US Secretary of Defense James Mattis has ordered a review of the Lockheed Martin F-35 stealth fighter program after President Donald Trump assailed its $400 billion price tag, the Pentagon announced Friday.
At the same time, Mattis ordered a similar review of the $4 billion cost for developing a new aircraft for the US president, Air Force One, the ultra-high-tech and secure 747 built by Boe ... more Lockheed completes inlet coating repair on F-22 Advanced robotic bat's flight characteristics simulates the real thing State Dept. approves $525 million aerostat sale to Saudi Arabia |
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It is a utopian idea, literally, but is enjoying a renaissance as politicians and policy wonks grapple with technology-driven changes that could redefine our very understanding of work.
If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money?
Enter the concept of a "universal basic income", a flat sum paid to all regardle ... more China factory activity stabilises in January China trade cost 3.4 mn US jobs in 2001-2015: report Tech firms unite to challenge Trump on immigration |
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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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  President Rodrigo Duterte said Tuesday he has asked China to send sea patrols to help stop Islamic militants abducting sailors and attacking vessels off the southern Philippines.
Duterte said he would like Beijing to dispatch a fleet like it did in 2009 when it sent a naval convoy to the Gulf of Aden to protect Chinese ships from Somali pirates.
"I also asked China if they can patrol the ... moreIn one week, Trump shakes up Washington and the world NATO, Trump both want dialogue with Russia: Stoltenberg NATO 'very closely' watching Russian influence in Balkans |
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The Philippines on Thursday ordered the closure or suspension of more than two dozen mines after a government investigation found they had illegally cut down trees and polluted rivers.
Most of the mines targeted by the order produce nickel and account for half of the Philippines' world-beating exports of the raw material used to make steel.
Environment Secretary Gina Lopez, a staun ... more Increasing factory and auto emissions disrupt natural cycle in East China Sea Toxic mercury in aquatic life could spike with greater land runoff Synthetic chemicals: Ignored agents of global change |
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  Leidos has received a task order to provide modeling and simulation support for the U.S. Defense Threat Reduction Agency.
Under the contract, which contains two options with the potential to raise its value to $17 million, the company will provide simulation services for assessing chemical, biological, radiological, nuclear and explosive threats, or CBRNE.
The task order was awar ... more Hollande urges Trump to 'respect' principle of accepting refugees Climate change drove population decline in New World before Europeans arrived Rich? Scared about the Trumpocalypse? Try New Zealand |
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