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Breaking News:

Australian EVs Lag Hybrid Vehicle Sales

Energy / Energy-General

Locals Donate Hair To Help Soak Up Oil Spill Off Mauritius

Aug 12, 2020 at 16:29 | Tsvetana Paraskova

The island of Mauritius in the Indian Ocean is attracting tourists thanks to its pristine beaches, spectacular lagoons and coral reefs, and unique marine life. These days, however, Mauritius is…

Colombian Oil Major Reports Surprise Profits Despite Market Downturn

Aug 12, 2020 at 16:02 | Matthew Smith

The March 2020 oil price crash and COVID-19 pandemic has hit the global energy sector hard. In response oil companies are slashing capital spending, driving down costs and…

How COVID Relief Saved Texas Shale Jobs

Aug 12, 2020 at 13:58 | Alex Kimani

Four months ago, Congress approved the ambitious and unprecedented Paycheck Protection Program (PPP) as part of the $2 trillion pandemic rescue package, and now we’re starting to see the…

Aramco May Have To Cut Costs To Pay Out Big Dividend

Aug 12, 2020 at 12:12 | Tsvetana Paraskova

Saudi Arabia’s oil giant Aramco is considering additional cuts to its capital expenditure (capex) in order to be able to pay its massive dividends, the Financial Times reported on…

Has The Oil Market Finally Turned A Corner?

Aug 11, 2020 at 17:28 | Alex Kimani

August has historically been brutal for oil and gas stocks. According to data from Schaeffer Research, the energy sector has consistently underperformed in August, with returns coming in negative in…

How COVID-19 Completely Disrupted Car Markets

Aug 11, 2020 at 16:09 | Julianne Geiger

The coronavirus pandemic has already destroyed oil demand growth. It has dented oil demand. It has sent oil and gas companies under. It has stymied exploration and production the world…

Robinhood Investors Have A New Favorite Oil Stock

Aug 11, 2020 at 13:05 | Julianne Geiger

If COVID has solidified one thing, it is that playing the market must be democratic. And as always in a democracy, people get what they deserve: That means…

Oil Prices Rally On COVID Optimism

Aug 11, 2020 at 12:30 | Josh Owens

Oil prices got a boost on Tuesday on fresh hopes of progress in coronavirus vaccine trials, though the oil industry still has a long road ahead before seeing a full…

Alibaba, UAE-Backed Tesla Competitor Set To IPO In The U.S.

Aug 11, 2020 at 11:27 | Jon LeSage

Chinese electric carmakers continue savoring becoming Tesla-competitive in their home market — while keeping the door open to Tesla’s home court and stock market success. Chinese…

Oil Prices Rise On Renewed Stimulus Hopes

Aug 11, 2020 at 10:52 | Tsvetana Paraskova

Oil prices rose early on Tuesday as equity markets rallied on hopes that the U.S. is close to announcing another stimulus package to support the economy in response to the…

U.S. Oil Producers Take Their Crude Back From The Government

Aug 11, 2020 at 09:11 | Irina Slav

U.S. oil companies have started pulling their crude oil back from government storage tanks, suggesting that the glut that forced them to stash it there in the first place is…

Here’s How Oil Could Skyrocket By 138%

Aug 10, 2020 at 17:38 | David Messler

The market is gradually beginning to give credence to something I've been discussing in past OilPrice articles for a long time now. In a June, 2020 article entitled,…

Green Hydrogen Prices Are Set To Drop By 50% During The Next Decades

Aug 10, 2020 at 16:30 | Irina Slav

Hydrogen, the most abundant element in the universe, has been stealing the spotlight from EVs and renewables lately. From a sort of boutique car fuel a couple of…

Saudi Aramco Sticks With Big Dividend Despite Oil Crash

Aug 10, 2020 at 09:08 | Irina Slav

Saudi Arabia’s oil giant Aramco said it will distribute dividends of $18.75 billion for the second quarter despite taking a severe hit to its earnings from the oil price crash…

Libya's Oil Blockade Will Help Clear The Global Supply Glut

Aug 07, 2020 at 16:11 | Charles Kennedy

Libya's port blockade is set to keep the North African country's oil off the market until at least the fourth quarter of 2020, which, as devastating as it will be…

Alberta Missed Its Chance To Mint A Province Of Oil Millionaires

Aug 07, 2020 at 13:57 | Alex Kimani

Back in 2014, every citizen in oil-rich Norway became a theoretical millionaire after the country's oil fund - the world's largest sovereign wealth fund - crossed the $1…

Are Oil Majors Giving Up On Guyana?

Aug 07, 2020 at 13:57 | Viktor Katona

Guyana has become one of the main upstream stars of the past decade, rising from zero to hero in less than 5 years. Much of Guyana’s rise to…

Weak Oil Demand Could Spark Another Market Share Showdown

Aug 07, 2020 at 13:48 | Tsvetana Paraskova

Saudi Arabia, the world’s top oil exporter and the main force behind the OPEC+ production cuts, faces a too familiar dilemma just four months into the new collective…

Massive Losses Force Glencore To Slash Dividends

Aug 07, 2020 at 13:17 | MINING.com

Miner and commodities trader giant Glencore (LON: GLEN) posted a $2.6 billion loss for the first half of the year and scrapped its…

COVID Fears Cause Oil To Fall Back After A Brief Rally

Aug 07, 2020 at 12:40 | Tom Kool

Oil spiked on a larger than expected inventory draw this week, but fears of a second wave of COVID have caused crude prices to retreatFor Global Energy Alert…

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