With the US unable to commit, Canada is looking to China and India to sell it's vast oil and gas resources.
North American oil markets are pulling away from foreign market because of increased domestic production. Still, OPEC producers should still hold a key stake in a changing oil game, according to the International Energy Agency.
The government shutdown has a direct impact on America’s overall capacity to drive global energy innovation, Peixe writes. The short-term lack of a federal government means that many of the nation’s top energy innovation institutions and laboratories must scale down their operations, or be completely shutdown.
China's power generation capacity will more than double by 2030, according to a new report. Half of China's new plants will run on renewable energy but coal will continue to dominate the mix.
Thousands of gallons of oil have spilled as a result of mass flooding across the state of Colorado. The state has recently experienced a boom in oil and gas drilling and production due to the development of hydraulic fracturing and horizontal drilling technologies.
With Europe finding new sources of natural gas, and Asian economies looking at Canadian markets, the Russian economy is starting to retreat behind the former Iron Curtain, Graeber writes.
Attention in the run-up to Brazil’s inaugural pre-salt auction has been strikingly dissimilar to the tectonic-shifting announcements of the pre-salt several years ago, Arthur writes. Yet with a mix of emerging market and European players, the list of bidders is perhaps a reflection of the nature of exploration and production in the Americas today.
Iranian President Hassan Rouhani addresses the UN General Assembly Tuesday in speech that may have wide-ranging repercussions across the global energy sector. Rouhani's speech may be heralded as a sea change for the Islamic Republic, its nuclear work, and the oil market's reaction, Graeber writes.
The Keystone pipeline was first proposed five years ago. A lot has changed since then and the Canadian economy is starting to ponder a future that's less coupled to the US energy market, Graeber writes. TransCanada, with its domestic pipeline proposal, is already hedging its bets on the Keystone pipeline.
Colorado flooding has submerged the state's fracking sites underwater. At least one pipeline has already been confirmed to be broken and leaking, and as the Colorado flooding subsides, it is only expected that more broken infrastructure and leaks will begin to surface.
The oil industry is quickly mobilizing to make the most of a new play in the Gulf of Mexico said to contain 15 billion barrels of oil, or more than $1.5 trillion worth based on current prices.
In a legal battle that has continued for two decades, the case against Chevron in Ecuador was led by New York lawyer Steven R. Donziger, who is now the target of another lawsuit alleging misconduct and fraud.
With the fate of the Keystone XL pipeline up in the air, the company behind the controversial pipeline is pushing forward with a separate pipeline to refineries in Canada.
While the realignment of the energy map could bring short-term birth pangs to the European economy, Graeber writes, by the time the eurozone is in full swing, producers from the Caspian Sea may have taken Russia's place as the exporter of choice.
The prevailing opinion is that any American intervention in Syria will send the price of crude oil skyward, Johnston writes. But, some claim that the opposite will happen.
While marine and hydrokinetic energy may be quite literally the wave of the future, its moment may be beyond the current horizon, Graeber writes. That said, it's predictable, it's easy to get to, and some of the world's most densely populated areas are coastal communities, which means it's cheap to connect to the grid.
Conversations surrounding last week's oil markets centered on Libyan production issues and the possibility that U.S. military strikes on Syria may have broader implications for crude oil, Graeber writes.
Fracking has drawn the ire of environmentalists but new reports document the economic benefits of tapping shale gas resources. They also suggest that many of the environmental concerns are either overstated or unfounded.
Although Latin America’s oil production has grown steadily in recent years, the region’s refineries have been unable to keep pace with rising demand, Arthur writes. US Gulf Coast refineries have responded quickly to rising global demand, and Latin America has become their largest overseas market.
The US is becoming less dependent on Arab oil, Salhani writes, making it less of an issue when it comes to decisions about Syria and the Middle East.