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Energy / Energy-General

Elon Musk Eyes A $750 Million Payday

Apr 30, 2020 at 12:31 | Jon LeSage

Tesla's Elon Musk could soon be taking $750 million through his unique pay structure offering him zero in salary or cash bonus. Tesla's stock has been breaking the shackles…

Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues

Apr 30, 2020 at 12:00 | Tsvetana Paraskova

Oil and gas exploration and production (E&P) companies around the world are set to see their total annual revenues plunge by a whopping US$1 trillion this year, due to the…

Shell Announces First Dividend Cut Since WWII

Apr 30, 2020 at 10:05 | Tsvetana Paraskova

The coronavirus pandemic will change the world and the oil industry forever, oil and gas supermajor Shell said on Thursday as it slashed its dividend for the first time since…

U.S. Oil Storage May Have Room For ‘’Several Hundred Million Barrels’’

Apr 30, 2020 at 09:05 | Irina Slav

The U.S. is working on ways to expand storage space to add several hundred million more barrels to it, Treasury Secretary Steven Mnuchin said at a White House briefing, as…

Oil Pirates Have A New Favorite Hotspot

Apr 29, 2020 at 15:25 | Alex Kimani

Gone are the days when Somalia's Gulf of Aden was considered the most dangerous piracy zone for oil companies and other seafarers. But now, with offshore oil storage bursting at…

Why Is So Much Oil Still Being Produced If No One Wants It?

Apr 29, 2020 at 13:37 | Haley Zaremba

The spread of the novel coronavirus has ravaged the global energy industry. Even before the spectacular oil price crash that sent the West Texas Intermediate benchmark to nearly…

How Bad Are Big Oil’s Earnings?

Apr 28, 2020 at 17:13 | Nick Cunningham

BP’s first quarter earnings plunged by two-thirds, and its debt levels rose to a record high. The global pandemic and the collapse of oil prices will hit U.S. shale…

This Historic Oil Price Crash Will Create A New Era For Energy

Apr 28, 2020 at 16:46 | Haley Zaremba

In the last couple of months, the global energy industry has been flipped on its head. As the novel coronavirus pandemic ravaged economies around the world, the energy…

Brent Oil Price Could Double By December

Apr 28, 2020 at 14:59 | Tom Kool

WTI is witnessing wild price swings as U.S. producers send their crude to the Strategic Petroleum Reserve because commercial storage tanks are close to reaching capacity.Oilprice.com’s Michael Kern…

Earnings Season Will Be A Bloodbath For Oil Producers

Apr 28, 2020 at 13:30 | Josh Owens

(Click to enlarge) (Click to enlarge) (Click to…

Oil Major BP Looks To Break Even At $35 Per Barrel

Apr 28, 2020 at 12:04 | Irina Slav

BP will seek to slash its breakeven oil price from $56 a barrel in 2019 to $35 a barrel by 2021, chief executive Bernard Looney told Reuters. The supermajor has announced…

How COVID-19 Will Change Oil Markets Forever

Apr 28, 2020 at 10:04 | Irina Slav

Oil is cheap, demand is gone, and nothing will ever be the same. These are the facts in oil today that experts seem to agree on, although opinions…

Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War

Apr 27, 2020 at 17:32 | Simon Watkins

President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to…

Low Oil Prices May Kill Off The Next Nuclear Boom Before It Begins

Apr 27, 2020 at 16:33 | Alex Kimani

After a decade-long bear market, uranium has suddenly turned into a raging bull in an otherwise dismal market for commodities.  Uranium prices have surged 35 percent…

Three Scenarios That Could Push Oil Back Above $30

Apr 27, 2020 at 14:26 | Salman Ghouri

Asia is home to 60 percent of the global population and is the largest consumer of total primary energy, oil, coal, and renewables. It is also the third-largest natural gas…

South Korea Has Run Out Of Oil Storage

Apr 27, 2020 at 11:51 | Tsvetana Paraskova

South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg…

Low Oil Prices Won’t Hurt Tesla

Apr 24, 2020 at 17:25 | Alex Kimani

Many times in the past, Tesla Inc. (NASDAQ:TSLA) has been labeled a 'cult stock' due to its vast investor interest despite the company's somewhat questionable or weak fundamentals.…

Is This The Most Innovative Power Company In The World?

Apr 24, 2020 at 17:18 | Leonard Hyman & William Tilles

We came to the conclusion that the future is a separate line of business when perusing the graphically flashy 2019 annual report issued by Enel S.p.A. the Rome-based…

Why The Oil Industry Can No Longer Rely On China

Apr 24, 2020 at 17:10 | Cyril Widdershoven

The global oil sector is reeling from a combination of negative oil prices, storage overload, demand destruction, and calls for a renewable energy revolution in the post-COVID-19 era.…

The Shale Suffering Has Only Just Begun

Apr 24, 2020 at 16:58 | Tsvetana Paraskova

A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to contain…

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