Flights Canceled, Waivers Issued as Super Typhoon Mangkhut Barrels Toward Philippines

Flights Canceled, Waivers Issued for Super Typhoon Mangkhut Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include […]

Oil spikes after US production hits record 11 million barrels per day

Reuters/Jim Urquhart Oil rose as much as 1% on Wednesday. US production rose to a record high and stockpiles jumped unexpectedly. Watch oil trade in real time here. Oil prices rose Wednesday after data showed record US crude production and an unexpected build of supplies last week. West Texas Intermediate was up 0.3% to $ […]

Tomb of oil barrels floats on London Lake

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Trump said Saudi Arabia will bring 2 million barrels per day to the market — here’s why that’s unlikely

Trump said Saudi Arabia will boost oil production by 2 million barrels per day. But analysts have predicted Saudi Arabia will add as much as 800,000 to 1 million barrels per day.  Saudi Arabia is unlikely to use up most of its spare capacity, and an output increase of that size would take a long […]

Electric buses are avoiding hundreds of thousands of barrels of oil per day

Enlarge / Electric buses are avoiding the need for a lot of barrels of oil. (credit: Getty Images) The global fleet of electric buses is already helping cities avoiding the purchase of 279,000 barrels of oil per day, according to Bloomberg New Energy Finance (BNEF). Diesel buses consume an extraordinary amount of fuel compared to a […]

Barrels, ballots & ISIS: Why Iraq is taking back Kirkuk, and what the US will do about it

Baghdad’s military incursion into Kurdish-controlled Kirkuk shows that the carve-up of the post-Islamic State landscape in the Middle East is in full swing, and leaves the US bemoaning its repeated failure to influence the region as two of its sponsored allies face off against each other. READ MORE: Iraqi forces taking over Kirkuk ‘a declaration of […]

‘Life threatening’ Category 5 hurricane Maria barrels into Puerto Rico

Published time: 20 Sep, 2017 04:02 Hurricane Maria’s winds hit a sustained 175 mph as the the storm rolled through the northeastern Caribbean in route toward the Virgin Islands and Puerto Rico. Residents of the territories have been warned to prepare for the worst. On Tuesday, the eye of Maria was seen moving towards St. […]

Foreign oil has its eyes on 44 billion barrels in Cuba

Thomson Reuters One of the few foreign energy companies with a presence in Cuba is now seeking funding for a 2018 exploration drilling campaign for Block 9, which is expected to hold over 44 billion barrels of in-place potential oil reserves. Melbana Energy, an Australia-based oil and gas explorer, has announced a funding round to finance its […]

Dakota Access pipeline leaks 2 barrels of oil before becoming operational

Published time: 11 May, 2017 06:34 The Dakota Access pipeline already had its first leak – 84 gallons of oil – at a pump station in South Dakota in early April, sparking outrage and calling into question its environmental safety. Read more The long-debated pipeline leaked crude oil on April 4 in Tulare Township in […]