• OPEC’s Output Fell in March, While U.S. Shale Steamed Ahead

    • Date: 20/04/18
    • Christopher Alessi, The Wall Street Journal

    Surge in U.S. shale has eaten into OPEC’s total market share OPEC said Thursday its crude oil output fell last month amid compliance with the oil cartel’s agreement to cut production, even as the world’s total oil supply continued to rise on the back of burgeoning U.S. shale growth. In its closely watched monthly oil market […]

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  • Japan’s Solar Push Threatens Environment

    • Date: 19/04/18
    • The Guardian

    As the country rushes to cut carbon emissions by 26%, campaigners worry that forests and wildlife are being trampled The tens of thousands of solar panels resting on the surface of the Yamakura dam reservoir have finally begun to earn their keep. This floating solar farm in Chiba prefecture is the biggest of its kind […]

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  • Australia Aims To Replicate US Shale Revolution

    • Date: 18/04/18
    • Financial Times

    Australia’s Northern Territory has lifted a moratorium on fracking, the process of extracting gas from shale rock, to replicate the US shale revolution in a vast region with massive mineral resources. The decision on Tuesday was welcomed by the oil and gas industry, which is promising to invest billions of dollars in exploration and create […]

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  • Study: Battery Storage Far Too Costly For Practical Use

    • Date: 17/04/18
    • Daily Caller

    Exorbitant battery storage costs prevent rooftop solar installations from paying for themselves in the long run, making home energy storage an impractical use for average UK consumers in the foreseeable future, a new study determined. As the renewable energy industry continues to draw more interest from environmentally conscious consumers, battery storage technology is becoming more sought […]

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  • Second Shale Revolution Is On The Horizon

    • Date: 16/04/18
    • mrt news

    In less than two decades, Permian Basin operators have unleashed a shale revolution that has virtually tripled crude production from the region and upended global energy markets. Now a second revolution is on the horizon as operators prepare to re-enter those wells that launched the first revolution and implement secondary recovery projects. That can consist of […]

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  • OPEC Sees Oil Markets Tighten Further Even As U.S. Shale Booms

    • Date: 13/04/18
    • Reuters

    The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from rivals who have benefited from higher oil prices. U.S. shale oil output has been booming over the past year since OPEC reduced its own production […]

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  • OPEC Political Crises Threaten to Double Its Million-Barrel Cut

    • Date: 11/04/18
    • Bloomberg

    The deal OPEC struck in 2016 to clear a global glut by halting a significant chunk of oil production took almost a year of bargaining and brinkmanship. By year-end, the group may have lost the same amount of crude unintentionally.  The Organization of Petroleum Exporting Countries is already cutting daily production by much more than […]

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  • Shale Revolution Goes Global & Offshore

    • Date: 10/04/18
    • Bloomberg

    Bahrain discovered the first oil on the Arab side of the Gulf in 1932. It took a long time for the small island to find anything of similar significance, but its recent announcement of an enormous shale oil resource under its shallow waters should not be underestimated: Commercial offshore shale oil production would be a first for […]

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