World’s largest nuclear reactor aims to power the Earth with unlimited energy

While it may sound like part of the Mandalorian creed, experts at ITER claim “The Way” here on Earth is headed to an unimaginable goal: everlasting energy. Experts at ITER, the International Thermonuclear Experimental Reactor (and also Latin for “the way,” per the agency) are working to harness fusion reactions, the same energy source that […]

Tanker transporting Russian oil attacked by Houthis

A tanker belonging to Trafigura company, which, according to the firm’s representatives, was carrying oil of Russian origin, has been attacked by Houthis in the Red Sea. Source: Bloomberg Details: A missile attacked the tanker on its way out of the Red Sea, becoming the largest Houthi attack ever. Yemeni Houthi rebels claimed responsibility for […]

IEA to expedite 2025 oil demand forecast after OPEC’s early move

The International Energy Agency plans to bring forward publication of its first 2025 oil demand forecast in its monthly report by two or three months to April, the agency told Reuters, after OPEC expedited its forecast by six months. The Organization of the Petroleum Exporting Countries and the IEA are the two most closely watched […]

Biden pauses liquified natural gas exports

 The Biden administration is delaying consideration of new natural gas export terminals in the United States, even as gas shipments to Europe and Asia have soared since Russia’s invasion of Ukraine. The election year decision by President Biden aligns with environmentalists who fear the huge increase in exports, in the form of liquefied natural gas, […]

World Oil Forecast: Upstream industry to grow moderately in 2024

On Friday, Jan. 26, 2024, World Oil hosted its 56th annual Forecast Breakfast at the Norris Conference Center in Houston, Texas. In an event described as a “first look” at upcoming upstream oil and gas trends, approximately 340 professionals from across the sector gathered for an early-morning meal to hear projections, data and analysis on […]

America Cracks Down on Methane Emissions from Oil and Gas Facilities

Friday America’s Environmental Protection Agency “proposed steep new fees on methane emissions from oil and gas facilities,” reports the Washington Post, “escalating a crackdown on the fossil fuel industry’s planet-warming pollution.” Methane does not linger in the atmosphere as long as carbon dioxide, but it is far more effective at trapping heat — roughly 80 […]

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy