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Oil Ticks Lower on EIA Inventory Report

Oil Ticks Lower on EIA Inventory Report

Crude oil prices moved lower…

Energy / Energy-General

Will A Federal Clean Electricity Standard Become Reality?

Aug 06, 2021 at 13:14 | Irina Slav

The energy transition has been enjoying center stage in the energy news flow for over a year now, and things are showing no signs of changing anytime soon.…

Why Big Oil And Environmentalists Need To Support This Climate Tech

Aug 06, 2021 at 13:11 | Felicity Bradstock

While the IEA and environmentalists around the world push for decarbonization and the shift to renewable alternatives, not enough is being done to improve carbon capture and storage…

The Electricity Crisis Is A Major Problem For California's Governor

Aug 06, 2021 at 13:06 | Leonard Hyman & William Tilles

Another electric utility transmission line has been implicated in a deadly California wildfire. Since mid-July, the Butte fire in Plumas County in the Sierra Nevadas has consumed over…

U.S., Canadian Rig Count Rise

Aug 06, 2021 at 12:14 | Julianne Geiger

The number of oil and gas rigs in the United States rose by 3 this week, according to Baker Hughes—after falling by 3 last week. a The total rig count…

Signs Of Demand Weakness Emerge In Oil Markets

Aug 06, 2021 at 12:01 | Tom Kool

Oil market sentiment is decidedly cautious this week as covid cases climb and U.S. crude inventories increase.

BofA: Saudi Aramco’s $75B Dividend Isn’t Enough

Aug 06, 2021 at 10:54 | Tsvetana Paraskova

Saudi Aramco will have to raise its already massive annual dividend of $75 billion if it wants to remain competitive with other oil giants and raise its dividend yield to…

Why Are Oil Stocks So Undervalued Right Now?

Aug 05, 2021 at 17:18 | Alex Kimani

Lately, the oil bulls just can't seem to catch a proper break. Just when oil prices were consolidating after OPEC+ reached an agreement on production quotas, the markets…

Saudi-UAE Spat Is Not Over Despite OPEC+ Deal

Aug 05, 2021 at 16:39 | Tsvetana Paraskova

The surprise resistance of the United Arab Emirates during the OPEC+ negotiations last month caught the oil market off guard, but the UAE-Saudi rift wasn’t much of a surprise to…

Big Oil Continues To Ramp Up Investments In South America

Aug 05, 2021 at 15:33 | Matthew Smith

The threat of peak oil demand arriving sooner than predicted and the aggressive push to decarbonize the world economy in a post-Paris Agreement world is creating considerable uncertainty…

Commodity Traders Eye Huge Payday After Major Rally

Aug 05, 2021 at 12:52 | City A.M

Glencore’s shareholders are looking at an around £2bn payday this year after commodity price surges hoisted the mining giant to a record performance in the past six months.…

Australia Takes Aim At The EU’s Carbon Tax Plan

Aug 05, 2021 at 12:43 | City A.M

The European Union seeking to impose a carbon tax on imports would be detrimental to Australia’s export industry, its Australian energy and emissions reduction minister has warned.

Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030

Aug 05, 2021 at 10:49 | Tsvetana Paraskova

U.S. President Joe Biden is signing on Thursday an executive order, setting a target to make 50 percent of all new vehicles sold in the United States in 2030…

U.S. Carmakers Eye Massive Jump In EV Sales

Aug 05, 2021 at 10:02 | Charles Kennedy

U.S. carmakers will seek to boost the share of electric vehicles in their total sales from single digits now to as much as 40-50 percent by 2030, according to several…

How France Secured Major Oil And Gas Projects In Iraq

Aug 04, 2021 at 12:53 | Simon Watkins

Even more so than Iran, Iraq remains the greatest relatively underdeveloped oil (and gas) frontier in the Middle East. It is little wonder, then, that it has been…

Big Oil Unjustly Under Fire For ‘Dirty’ Hydrogen

Aug 04, 2021 at 12:16 | Felicity Bradstock

Everyone’s talking about hydrogen, the magical clean energy that will propel us into a future beyond oil and gas. But is this all just big oil spinning a…

Top U.S. Negotiator: Iran Nuclear Deal May Be Impossible

Aug 04, 2021 at 11:21 | ZeroHedge

For every week that passes without any breakthrough between Tehran and Washington, the prospect of a restored JCPOA nuclear deal looks bleaker. Talks in Vienna have remained stalled for weeks,…

Oil Prices Slide For Third Day In A Row On Delta Fears

Aug 04, 2021 at 08:40 | Tsvetana Paraskova

Oil prices fell for a third straight day early on Wednesday as concerns about demand amid surging Delta COVID variant continue to weigh on market sentiment. As of 9:13 a.m.…

The Real Reason Big Oil Is Betting On The Hydrogen Boom

Aug 03, 2021 at 17:18 | Irina Slav

Japan has been making headlines with its plans to significantly increase its reliance on hydrogen to satisfy its energy needs. Right now, it is demonstrating its transformation into…

There’s A New Battery King And It’s Minting Billionaires Faster Than Google

Aug 03, 2021 at 14:49 | Alex Kimani

After an almost surreal 15-month stretch that saw its market value balloon 17-fold, Tesla Inc. (NASDAQ:TSLA) has come back to earth this year and appears in desperate need of some…

DUC Well Inventory Plunges As Drillers Frack More Than They Drill

Aug 03, 2021 at 12:27 | Rystad Energy

US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’…

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