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U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

IEA Cuts 2024 Oil Demand Growth Forecast

IEA Cuts 2024 Oil Demand Growth Forecast

Global oil demand growth is…

Energy / Crude Oil

Oil Prices Rebound On Small Crude Draw

Oct 21, 2020 at 09:45 | Irina Slav

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16. The report came…

Trump Blasts Biden's Fracking Plans At Rally

Oct 21, 2020 at 08:56 | Charles Kennedy

President Donald Trump told supporters at a rally that Democratic candidate Joe Biden planned to ban all fracking, taking aim at his opponent's energy plans that would affect one of…

The Big Oil Side Hustle: Where 'Renewable' Money Is Really Going

Oct 20, 2020 at 17:38 | Alex Kimani

"It is unrealistic to suggest that renewables could replace conventional baseload fuels."--Gregory Boyce, former CEO Peabody Energy Corp., 2010. Every time an oil and gas major announces a major foray…

Oil Poised To Rebound, But What About The Long Term?

Oct 20, 2020 at 14:15 | Leonard Hyman & William Tilles

Oil bulls predict demand for oil will snap back quickly as global economic conditions improve. The International Energy Agency (IEA), on the other hand, expects a more muted recovery. Not…

Oil Demand Growth Won’t Be Saved By Petrochemical Boom

Oct 20, 2020 at 13:55 | Tsvetana Paraskova

The pandemic hit the chemical-driven profit margins of integrated oil companies and petrochemical manufacturers to the point that many firms slashed capital expenditures and deferred petrochemical projects for better times.…

Will OPEC+ Decide To Extend Oil Output Cuts?

Oct 20, 2020 at 12:14 | Yousef Alshammari

Oil markets retained strength over the past week despite many bearish factors influencing the global economy. COVID-19 cases spiked in Europe leading to new lockdown measures in France…

Prepare For More U.S. Shale Mergers And Acquisitions

Oct 20, 2020 at 10:58 | Tsvetana Paraskova

The consolidation in the U.S. shale patch is picking up pace after the crash in oil prices earlier this year.    The latest big transaction in the…

A Slow Motion Oil Crisis Is Unfolding In The Carribean

Oct 19, 2020 at 14:02 | Haley Zaremba

There’s nothing quite like the feeling of uncertainty and dread right in the moments before a disaster of gargantuan proportions unfolds in front of our eyes. We might…

IMF Sees Oil Prices At $40-50 Next Year

Oct 19, 2020 at 11:03 | Tsvetana Paraskova

Oil prices are not expected to rise much next year, and will stay in the $40-50 a barrel range, putting additional pressure on the oil exporters in the Middle East,…

Oil Prices Fall As OPEC+ Discusses Demand Developments

Oct 19, 2020 at 09:06 | Tsvetana Paraskova

Oil prices were slightly down early on Monday as an OPEC+ panel is meeting virtually to discuss the latest supply and demand developments, while underwhelming economic data from China and…

Is This Europe’s Newest Oil & Gas Hotspot?

Oct 16, 2020 at 17:12 | Viktor Katona

When Michelangelo Merisi (also known as Caravaggio) left continental Italy for Malta in 1607 to escape the ramifications of a lethal sword fight, little did he know what…

U.S. Oil Rig Count Leaps Higher

Oct 16, 2020 at 12:15 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 12 to 205—a gain that may push prices down further. The total number…

How Will Exxon’s Big Bet On Oil Play Out?

Oct 15, 2020 at 14:19 | Irina Slav

In a world of oil companies that are turning green to attract a new sort of investor, the world's once most valuable public oil company, Exxon, is somewhat…

Oil Giants Play It Cool As World’s Largest Crude Market Recovers

Oct 15, 2020 at 13:26 | Viktor Katona

The Asian market has moved into a state of cautious expectation. Although October is still only halfway through, one can state with a great degree of certainty that…

OPEC+ Discusses Stalled Demand Recovery, Return Of Libyan Oil

Oct 15, 2020 at 11:56 | Tsvetana Paraskova

A panel of the OPEC+ group is discussing on Thursday the current major downside risks to oil prices—the return of oil supply from Libya and the rising coronavirus cases that…

Iran’s Sanction Busting Pipeline Is Just Months From Completion

Oct 14, 2020 at 15:27 | Simon Watkins

With sanctions on Iran still in place following the U.S.’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in May 2018, Tehran has been relying on the tried-and-tested…

Russia: OPEC+ To Relax Oil Production Cuts Despite Second Wave

Oct 14, 2020 at 10:57 | Tsvetana Paraskova

The OPEC+ alliance is optimistic that it will be able to gradually ease production cuts from January as planned, despite surging coronavirus cases in many countries, Russia’s Energy Minister Alexander…

Could This Become The Next Big Shale Takeover?

Oct 14, 2020 at 10:05 | Irina Slav

ConocoPhillips is reportedly in talks with Concho Resources for a possible acquisition, which could become the third major deal in U.S. shale this year, after Chevron’s takeover of Noble Energy…

Saudi Aramco Sees Tighter Oil Markets In 2022

Oct 14, 2020 at 09:03 | Irina Slav

Aramco expects oil demand to rebound to pre-pandemic levels by 2022 while supply tightens, creating a deficit, the chief executive of the Saudi state energy giant told Energy Intelligence.…

Will Libya's Fragile Oil Truce Fall Apart This Week?

Oct 12, 2020 at 16:52 | Simon Watkins

The prospect of the return of the 1.2 million barrels per day (bpd) of crude oil that Libya was producing before the broad-based blockade of its energy infrastructure caused it…

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