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U.S. Fossil Fuel Production Set To Hit Record Highs In 2023

Jan 21, 2022 at 13:57 | Tsvetana Paraskova

America’s production of fossil fuels is expected to hit a record high in 2023, as continued improvements in drilling efficiency in oil and gas and high enough oil prices will…

U.S. Rig Count Climbs As Shale Prepares For Takeoff

Jan 21, 2022 at 12:41 | Julianne Geiger

The number of active drilling rigs in the United States rose by 3 this week, bringing the total rig count to 604, as oil prices linger just under 7-year highs.…

Oil Prices Fall Back Despite Bullish Predictions

Jan 21, 2022 at 12:01 | Tom Kool

Oil prices rallied this week on a set of bullish predictions from major investment banks but may have climbed too high too fast.

A Nightmare Start To The Year For Clean Energy Stocks

Jan 21, 2022 at 11:51 | Editorial Dept

1. OPEC+ Underproduction Sparks $100 per Barrel Hype- With crude oil prices breaking the $90…

Things Are Looking Grim For Colombia’s Oil Industry

Jan 21, 2022 at 11:21 | Felicity Bradstock

Colombia’s dwindling supplies and failure to attract new foreign investment means its oil industry is unlikely to reach pre-pandemic levels this decade according to Rystad Energy. Despite being…

Russia’s Oil Output Could Peak In 2023

Jan 21, 2022 at 11:19 | Matthew Smith

Russia, the world’s third-largest oil producer, has long been an unknown when it comes to the OPEC+ production agreement which caps the petroleum output of participants to support…

Canadian Oil Companies Are Spending On Dividends Rather Than Expansion

Jan 21, 2022 at 11:16 | Alex Kimani

About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S.…

A Tale Of Two Shipping Markets

Jan 21, 2022 at 11:11 | ZeroHedge

It’s a tale of two shipping markets. Spot rates remain near historic highs for container shipping; the boom shows no sign of ending. But over in commodity shipping…

Are America’s Drilling Hotspots Preparing For A Pivot To Renewables?

Jan 21, 2022 at 11:05 | Haley Zaremba

Thanks to the United States shale revolution of the last decade or so, natural gas has become an increasingly cheap and abundant source of power in global energy…

Why Are Oil Prices And Stock Markets Diverging?

Jan 21, 2022 at 11:02 | Editorial Dept

For most of this admittedly still young year, oil and the broad stock market have been moving in opposite directions. Crude futures (CL), even after a couple of down days,…

Oil Prices Under Pressure As Crude Inventories Rise

Jan 21, 2022 at 10:24 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are under pressure on Friday, amid an unexpected rise in U.S. crude and fuel inventories, according to a government report released the previous…

Russia's Increasingly Aggressive Geopolitical Maneuvering

Jan 21, 2022 at 10:21 | Editorial Dept

Politics, Geopolitics & Conflict Ukraine: While the Ukraine-Russia conflict seems to be escalating, it’s still a lot of hot air at the moment. There are Russian war games in Belarus,…

Why Geopolitical Tensions Have Spiked In The Middle East

Jan 21, 2022 at 10:19 | Editorial Dept

Picking up from where we left off last time on geopolitical drivers that could send oil prices higher, the Iranian-backed Houthis in Yemen have upped the ante with…

Canada Sees Oil Investment Rise 22% In 2022

Jan 21, 2022 at 08:31 | Irina Slav

Investments in crude oil this year in Canada could rise by as much as 22 percent, according to the Canadian Association of Petroleum Producers. While this is an improvement over…

IEA ''Loses'' 200 Million Barrels Of Crude Oil

Jan 21, 2022 at 08:07 | Irina Slav

The International Energy Agency is looking for 200 million barrels of oil. The crude has not been displaced, it seems. Rather, there is a 200-million-barrel gap between the agency’s own…

New South American Energy Alliance Could Be A Gamechanger For Oil Markets

Jan 20, 2022 at 11:59 | Charles Kennedy

The hottest oil countries in South America—Guyana, Suriname, and Brazil—are set to discuss later this week the setting up of a new energy alliance and building infrastructure across the countries…

How Realistic Are Libya’s 2022 Oil Production Goals?

Jan 20, 2022 at 11:40 | Simon Watkins

Although Libya’s crude oil production is now re-approaching the 1 million barrels per day (bpd) level, according to various industry reports, the outlook…

Iran’s Oil Industry Is Preparing For Life After Sanctions

Jan 20, 2022 at 11:34 | Felicity Bradstock

Iran is taking its oil future into its own hands, despite ongoing sanctions from the U.S. With higher oil sales and revenues in 2021, Iran is planning to…

Is $100 Oil On The Horizon?

Jan 20, 2022 at 11:31 | City A.M

OANDA’s senior analyst Craig Erlam has told City A.M. that oil prices could reach $100 per barrel during the first quarter, following intense rallies…

Nuclear Energy Investments Are Set To Soar

Jan 20, 2022 at 11:30 | Rystad Energy

Nuclear power can be a polarizing energy source, but as countries seek greener, low-carbon alternatives to fossil fuels, investments in nuclear are projected to soar in the coming…

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