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Energy / Energy-General

Top Oil Trader Still Sees Higher Prices In 2019

Oct 18, 2018 at 16:44 | Tsvetana Paraskova

Three weeks ago, when Brent Crude prices hit $80 a barrel on fears of an imminent supply crunch with the Iran sanctions, one of the world’s top oil traders—Trafigura—was…

Saudi Aramco Pulls The Trigger On $25 Billion Megaproject

Oct 18, 2018 at 13:18 | Tsvetana Paraskova

Saudi Aramco signed on Thursday an agreement to invest in a 400,000-bpd refinery and associated petrochemical plants in eastern China as part of Saudi Arabia’s push to expand its…

Canadian Oil Patch Grapples With Cannabis Legalization

Oct 18, 2018 at 11:01 | Haley Zaremba

As of today, recreational cannabis consumption is legal in Canada. While many Canadian citizens and companies will be celebrating the reform, not to mention preparing to capitalize on this…

What Killed The Oil Price Rally?

Oct 17, 2018 at 17:03 | Nick Cunningham

Oil prices fell to a one-month low on Wednesday, pushed down by a rather bearish report from the EIA that showed a large increase in crude inventories. Brent briefly dipped…

Germany Clashes With The U.S. Over Energy Geopolitics

Oct 17, 2018 at 14:07 | Tsvetana Paraskova

The United States and the European Union (EU) are at odds over more than just the Iran nuclear deal – tensions surrounding energy policy have also become a flashpoint for…

U.S. And Europe Divided On The Future Of Oil

Oct 17, 2018 at 12:31 | Vanand Meliksetian

Several energy revolutions have, over the centuries, changed the world: first, man learned to transform fire into kinetic energy during the Industrial Revolution with the invention of the steam engine.…

Elon Musk Plans First Commercial Flights To Mars

Oct 17, 2018 at 10:28 | Jon LeSage

While Elon Musk’s Tesla, Inc., is struggling to recover from its toughest year ever, Musk's SpaceX is seeing a better year in gaining business and striding forward on its grand…

China’s CNPC Boosts Global Oil, Gas Ties

Oct 17, 2018 at 09:01 | Tsvetana Paraskova

China National Petroleum Corporation (CNPC) is advancing a strategic partnership with Brazil’s Petrobras and agreed to cooperate with Norway’s Equinor in oil and gas projects, in a push to boost…

The Dark Horse Of The Oil Price Rally

Oct 16, 2018 at 13:49 | Irina Slav

Vietnam’s economy is this year set to exceed the government’s growth forecast, which was predicting a healthy rise of 6.7 percent, VOA reported recently, citing a government statement. The…

Oil Prices Under Pressure As U.S. Shale Supply Soars

Oct 16, 2018 at 13:33 | Tom Kool

The big story in oil markets this week has been the escalating tension between the United States and Saudi Arabia, with many analysts suggesting that crude prices could head even…

Carbon Pricing Won't Kill Big Oil

Oct 15, 2018 at 13:10 | Tsvetana Paraskova

Investors in Big Oil are becoming more and more vocal about the negative effects of the industry on the planet. No longer is it just about profits. Investors are demanding…

Saudis Lash Out At U.S. In Complete Deterioration Of Relations

Oct 15, 2018 at 09:26 | Irina Slav

Saudi Arabia will retaliate “with even greater action” if the U.S. president goes through with a threat of “severe punishment” should it be proven that Saudi agents killed dissident journalist…

Why Crypto Miners Are Paying Attention To The Permian

Oct 12, 2018 at 17:30 | Crypto Insider

Bitcoin miners have become energy hunters, scouring the world for cheap electricity. When most people think about bitcoin mining operations, they imagine hydro-powered warehouses in Canada or the Sichuan Mountains,…

Disappearance Of Saudi Journalist Could Rock Oil Markets

Oct 12, 2018 at 17:30 | Cyril Widdershoven

In the “World is Not Enough”, British spy James Bond takes on international oil cartels and illegal operators. The fiction of the story is clear to all, but the underlying…

Hurricane Michael’s Impact On Gasoline Demand

Oct 12, 2018 at 17:28 | Genscape

Gasoline demand increased in the Florida Panhandle, southern Georgia, and South Carolina ahead of Hurricane Michael’s arrival to the areas, but repercussions to demand appeared to focus on rack cities…

How A Carbon Tax Would Be Implemented

Oct 12, 2018 at 17:28 | Llewellyn King

There are no solutions to complex problems – except when the problem becomes so complex it must have a simple solution. That is the paradox thrown up by global warming…

Will China’s “Debt Diplomacy” Backfire?

Oct 12, 2018 at 17:27 | Tim Daiss

Angola, Africa’s second largest oil producer, has ramped up its financial ties with Beijing, but perhaps to its own detriment, The country’s state newspaper Jornal de Angola said on…

How Tight Are Physical Oil Markets? Time Spreads Offer Hints

Oct 12, 2018 at 17:27 | Editorial Dept

Macroeconomic concerns pushed oil lower this week as the recent rise in interest rates spilled bearishly into the stock market and ultimately pushed risk assets lower across the board. In…

Libya, Italy, France, EU: Where It All Comes Together

Oct 12, 2018 at 17:23 | Editorial Dept

Libya’s self-fulfilling prophecy Libya is one of those venues where Western oil majors are not only willing to risk insecurity, but they’re hedging on that very insecurity to get better…

Are Oil Majors Returning To Libya?

Oct 12, 2018 at 17:14 | Editorial Dept

The ever-volatile Libya has been hitting headlines the past month, this time around against a quite upbeat atmosphere of rising output. The Libyan NOC chairman Mustafa Sanalla boasted of Libyan…

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