• Oil Drops Below $49 As U.S. Shale Boom Threatens OPEC’s Efforts

    • Date: 14/03/17
    • Jessica Summers, Bloomberg

    Oil settles at the lowest level since November as record U.S. crude inventories and a boost in drilling activity threaten OPEC’s efforts to reduce a global glut. Futures slipped 0.2 percent in New York after fluctuating between slight gains and losses during the session. U.S. crude inventories probably rose by 3 million barrels last week, […]

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  • Has China Faked Its Coal Data?

    • Date: 13/03/17
    • Radio Free Asia

    China has cut coal production for the third year in a row, according to government figures, despite a host of reasons to doubt that it did. A truck unloads coal at a coalyard in Huaibei, eastern China’s Anhui province, Nov. 11, 2016. Based on official data, China’s mines produced 3.36 billion metric tons of coal […]

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  • Massive Oil Discovery In Alaska: U.S. Poised For Record Oil Production

    • Date: 12/03/17
    • Next Big Future

    Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades. The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.The new discovery was […]

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  • OPEC Is Losing The Shale Battle

    • Date: 11/03/17
    • Jesse Snyder, Financial Post

    The prospect of rising US shale production threatens to undermine the efforts of OPEC, which now looks at risk of having ceded market share for no substantial price gain. The feeling of restrained optimism that imbued a major energy conference last week was short-lived. Oil and gas executives in Houston for CERAWeek, an annual conference […]

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  • Peter Thiel Sees More ‘Economic Progress’ From Fracking Than Silicon Valley

    • Date: 08/03/17
    • Michael Bastasch, The Daily Caller

    Peter Thiel, a tech billionaire and confidante to President Donald Trump, said something you don’t often hear from Silicon Valley moguls: hydraulic fracturing did more for progress than the tech boom. “What’s very striking is that on some level I think fracking represents a bigger economic form of progress for our society as a whole […]

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  • The Next Energy Revolution: Tanker’s U-Turn Shows How Shale Is Changing World Gas Trade

    • Date: 08/03/17
    • Naureen Malik, Bloomberg

    A cargo of chilled natural gas hauled from Louisiana in late December has become a symbol of how global trade is changing for a fuel increasingly seen as a cheap, cleaner-burning option for countries from Latin America to China and India. The tanker Maran Gas Achilles passed through the Panama Canal and was headed toward […]

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  • U.S. Shale Production Growing At An Unprecedented Pace

    • Date: 06/03/17
    • Nick Cunningham, OilPrice

    The oil markets have long expected that U.S. shale production would rebound once oil prices started to rise. But the comeback of shale could be much faster and stronger than many once anticipated. As Bloomberg Gadfly points out, the rise in U.S. oil production since output bottomed out at the end of last summer has been swift. […]

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  • China Bans Wind Power Projects In 6 Regions

    • Date: 06/03/17
    • China Daily

    The National Energy Administration (NEA) has issued red alerts, or the highest warning, in six provincial regions where new wind power projects will be prohibited this year, Securities Daily reported. The six restricted regions include Heilongjiang, Jilin and Gansu provinces, as well as Inner Mongolia, Ningxia Hui and Xinjiang Uygur autonomous regions. In these regions, […]

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