Guest Blogs
Vehicles to be the major … vehicles for CO2 reduction
Oil refiners may soon find themselves the target of an effort to cut greenhouse gas emissions in the northeast US using a cap-and-trade program.
A number of northeast US states are revving up to create a cap-and-trade program to cut CO2 emissions from cars and trucks.
This effort could end up creating the largest carbon market in ...
Eureka! California strikes gold with carbon market
The landmark cap-and-trade program has helped put the Golden State on
track to meet its near-term greenhouse gas emissions goal – without
wrecking the economy. Will others follow?
California and market partner
Quebec easily sold off all of the carbon allowances offered at their
latest auction, continuing a run of success that state leaders in
Sacramento ...
The Oil Big Five: The Second Half Begins
The beginning of July is the beginning of the second half of the year, and just over the weekend I was looking at a calendar and marveling that we’d arrived here already. We started this feature a little over a year ago, but especially within the past 12 months, the oil industry seems like it’s ...
Quantifying Crude in Russia Proves Complicated: At the Wellhead
As global oil markets remain heavily oversupplied, Russia’s crude production has shown surprisingly strong growth from the start of 2015. This has sparked concerns its extra barrels could put additional pressure on prices when expected new volumes from other parts of the world, including Iran, flow to the market.
But as with many things in the ...
US Oil Exports Seen as Key to Security: Regulation and Environment
There’s an economic argument to be made for lifting US crude oil export restrictions, and then there’s the argument that American oil could go a long way toward providing security to the US and its allies. Brian Scheid explains in this week’s Oilgram News column, Regulation and Environment.
Rather than heralding the looming light oil glut ...
If Breaking Up is Hard to Do, Try Not Growing Oil
Someone had to do it, and it might as well have been one of the biggest names in US shale.
Having whittled its 2015 capital budget down to $5 billion, 40% lower than last year, US producer EOG Resources last week made the tough call of forfeiting production growth this year, saying it would drill but ...
Vitol’s CEO Sees Up-and-Down Oil Prices, but it Isn’t an Opportunity
The kind of crazy up-and-down movements of the oil markets in recent weeks and months is not a ripe opportunity for a major trading company like Vitol. In fact, its CEO and chairman Ian Taylor says that whipsaw activity is a nightmare for his company.
“A market that is up $3 in the morning, down at ...
IEA Predicts ‘New Chapter’ for Oil Markets, Sees Price Declines into 2015 as Likely
The 30% fall in oil prices since mid-June continues to dominate the oil market headlines, and anyone hoping for a swift recovery in prices could well be disappointed — especially if the most recent forecasts from the International Energy Agency are anything to go by.
The west’s energy watchdog said on Friday that global oil prices ...
LPG Demonstrates Modernity Comes from Consumption
The oil industry has often heard itself being criticized from within for not being bolder in sending a broadly positive message about what it does. Hydrocarbons make modern life possible; without them, we’re back to the mid-1800’s. And we should be telling the world that, pushing back against the naysayers. That’s the gist of the ...
Petrodollars: What do Russian Oil Companies Do in the Wake of Sanctions?
Sanctions against Russia are moving closer to the country’s big oil companies. In this week’s Oilgram News column Petrodollars, Rosemary Griffin looks at the choices that companies such as Rosneft face.
EU sanctions introduced Friday limit some state-owned Russian oil companies’ access to European financing in a move that could drive Rosneft, Transneft and Gazprom Neft ...
