In the News
Iraq violence threatens OPEC's precarious balance. The
upheaval in Iraq could throw the world's oil market out of
balance and cause oil prices to soar. Iraqi oil production is at
risk because of the outbreak of violence involving militant
groups who seized two cities this week and have pledged to march
on Baghdad. - 6/17/14
Russia cuts gas supply to Ukraine as tensions soar. Russia
halted natural gas deliveries to Ukraine on Monday, spurning
Ukraine's offer to pay some of its multi-billion dollar gas debt
and demanding upfront payments for future supplies. - 6/17/14
about the impact of the political turmoil in the Ukraine.
Ukraine: The Real Energy Crisis Starts in June - 5/27/14
"Natural Gas supplies
in North America will tighten up somewhat in the next few
years," according to Davis Swan of PennEnergy. This forecast is
in contrast to the EIA projection of "modest" price increases.
Read the article. - 5/26/14
Eagle Ford Shale News, a new resource available from Oil
& Gas Journal
California Oil Shale Bubble Just Burst - The EIA has
downgraded its estimate of the total amount of recoverable oil
in the Monterey Shale by 96% from 13.7 billion barrels to 600
million barrels. - 5/22/14
US legislators call
for sanctions against Gazprom. See
Why Hasn't the US Gone After Gazprom?
BP remains optimistic
about America's energy renaissance. 5/5/14
Crude oil rail
shipments remain concern after crude oil train derails near
Lynchburg, VA. - 5/1/14
Bakken field produces
first billion barrels of oil. - 4/29/14
Osaka Gas may invest
in US shale development. Company has agreed to buy 2.2 million
tons of LNG per year from Freeport LNG for next 20 years. -
companies making waves in the Gulf of Mexico. See
slideshow. - 4/17/14
ConocoPhillips has been approved to export 40 billion cubic
feet of LNG from the Nikiski plant on Alaska's Kenai Peninsula.
OPEC crude oil production falls in March to 29.65 MMBPD, the
lowest level since mid-2011. The total drop was 550,000 b/d and
three countries - Iraq, Saudi Arabia and Libya - account for
440,000 barrels of the decrease. - 4/14/14
updated with July 2014 data.
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