Energy

  Bloomberg US crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and maximize output. The world’s largest oil-consuming country could sell as much as 800,000 barrels a day of crude overseas this year, according to four analysts surveyed by Bloomberg. ...

  Reuters OPEC and non-OPEC producer Russia are shielding Asia from supply cuts agreed in a landmark deal last year as they fight to protect their share of the world’s biggest and fastest growing oil market. Instead, they have reduced deliveries to Europe and the Americas as they implement a coordinated agreement to cut supply by about 1.8 million barrels ...

  Bloomberg West African oil producers this month will send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace supplies cut by OPEC’s Middle East producers. Shipments on the trade route, among the longest for supertankers, are set to soar to ...

  HONOLULU / AP Hawaii has the most aggressive renewable energy targets in the nation, aiming for its utilities to get 100 percent of their electricity from renewable sources by 2045. Now advocates want to extend that goal to the transportation sector to urge all forms of ground transportation to fuel up using renewable sources by 2045. “The majority of ...

  Bloomberg Oil traded below $53 a barrel in New York after an industry report was said to show an US crude supply gain while the dollar dropped. vUS crude inventories rose 5.83 million barrels last week in an American Petroleum Institute report on Tuesday, people familiar with the data said. The Energy Information Administration will probably report that supplies ...

  Bloomberg India’s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts. The sharp increase propelled Iran into fourth place among India’s suppliers in 2016, up from seventh position ...

  Bloomberg Oil-services giant Halliburton Co. told employees to stay put. Another global oil company is reconsidering whether to place a crude trader in Houston. And universities that train energy workers across the country estimated that hundreds of students may be affected. Of all the energy sectors that may feel the pain of President Donald Trump’s order to temporarily ban ...

  Bloomberg Oil is set for its first monthly decline since October as signs that US supply is expanding offset OPEC’s production curbs. Futures lost 0.5 percent in New York and are down 2.3 percent in January. US oil production could increase to as much as 9.5 million barrels a day this year, near its 2015 peak, as rising prices ...

  Bloomberg OPEC appears to have persuaded investors that it’s making good on promised production cuts. Money managers are the most optimistic on West Texas Intermediate oil prices in at least a decade as the Organization of Petroleum Exporting Countries and other producers reduce crude output. Saudi Arabia has said more than 80 percent of the targeted reduction of 1.8 ...

  Bloomberg In the increasingly competitive world of Japan’s energy market, there may be safety in numbers. Gas sellers from the nation’s smaller utilities to even its biggest oil refiner are considering clubbing together to get cheaper fuel from their suppliers and help them undercut competitors in the 2.4 trillion yen ($21 billion) retail gas market, which the country is ...