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Extreme Cold Weather Freezes US Fuel Supply
The US has been recently hit with cold weather that has broken records in many states, including in New York where the minus 16 Celsius managed to break a record that had stood since 1896.
10 Things To Consider About The Marcellus Shale
The Marcellus Shale is the largest natural gas shale play in the U.S. and the most attractive target for energy development.
Prices At The US Pump Expected To Stay Flat
As Americans enjoyed the cheapest average gas prices last year since 2010, the prognosis is that prices at the pump will decrease further or remain flat for 2014 and beyond.
Lukoil Deal Makes Bulgaria Largest Eastern Europe Refiner
Lukoil’s Bulgarian subsidiary has secured a $570 million line of credit to finance the modernization of the Black Sea Burgas refinery and add a hydro-cracking unit to boost refining output.
New EPA Rules Seek To Usher In Coal-less Era
The Environmental Protection Agency (EPA) has published new regulations that aim in the long-term to shut down old polluting coal plants and prevent the building of new ones.
Is This Major Coal Source Gone Until March?
Supply may be tightening in the thermal coal market. That's because authorities have issued a surprise shut-down order for one of the world's largest coal mining centers in Colombia.
Buffett Looks At Pipelines After North Dakota Train Wreck
Amid fears that regulators may move to tighten rules for crude oil shipments after the fiery derailment last week of an oil train, Warren Buffett’s Berkshire Hathaway has announced plans to acquire the pipeline development unit of Philips 66.
Kurdish Crude Exports Stop In Turkey
Crude oil has started flowing from Kurdistan to Turkey, but it’s stuck in the purgatory of Turkey’s Ceyhan export hub and will not be exported any further until Turkey reaches a deal with Iraq’s central authorities in Baghdad.
Oman And BP Finalize Gas Deal, Signaling Regional Change
Oman and British oil giant BP have agreed to jointly develop a large, untapped natural gas field in Oman’s central desert region, further bolstering the Sultanate’s regional influence in the Gulf, and providing the means to meet growing demand for electricity.
Kurdish Oil Export Deal May Seal Iraq's Fate
The Turkish Energy Ministry said crude oil from the north of Iraq would be stored at a port to cater to Baghdad's stake in Iraq's oil future. With the Iraqis distracted by Sunni grievances further south, it's oil, not violence, that may eventually split the country.
Oil Money Supports Middle East Uprising
Saudi Arabia has long played a major role in the region’s politics, using the leverage of their oil and their clout within the Arab world and OPEC when needed.
Oil Market Forecast & Review
February crude oil futures sold off sharply the week-ending January 2. The selling pressure drove the market through a December bottom at $96.52, turning the main trend to down on the daily chart.
Saudi Arabia Ups The Ante As It Opens Up A New Pipeline
Saudi Arabia has established a new pipeline linking the Lebanese military to its bank accounts. The kingdom has promised to pump some $3 billion of its oil revenue to fund the Lebanese military.
State Involvement Key For Decommissioning Old Nuclear Plants
The beginning of 2014 marks the final year of operation for the Vermont Yankee Nuclear Power Plant, ending a contentious battle between the state and the plant’s owner.
Algeria: The Dynamic Threat
Algeria is the largest and most powerful nation in the Sahara region, and the third-largest producer of natural gas in the world. Now officials are saying that oil and gas production should increase in the next five years.
European Energy Security And The Quiet Close To The Pipeline Opera
What explains the limited support across Europe and in Washington for building the Trans-Adriatic Pipeline (TAP) ahead of the Nabucco West project? According to William Hudec, it's because almost everybody recognizes the geopolitical realities that underpin the Central and Eastern European energy market.
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