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Energy

Surprise Crude Inventory Build Forces Oil Prices Lower

Aug 04, 2021 at 09:40 | Irina Slav

Crude oil prices moved lower today after the Energy Information Administration reported an inventory build of 3.6 million barrels for the week to July 30. This compared with analyst…

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…

Is This The Next Major Threat For Natural Gas?

Aug 03, 2021 at 16:54 | Tsvetana Paraskova

From California to Massachusetts, some U.S. cities are enacting—or trying to enact—bylaws banning natural gas hookups in new homes, citing concerns over climate change and efforts to decarbonize energy supply.…

Iran Uses Iraq To Tie Lebanon Into Massive Power Plan

Aug 03, 2021 at 15:58 | Simon Watkins

Iran has spent a lot of its time, money, and lives of its direct and proxy military forces in building up its influence across the Shia Crescent of…

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’…

Will Biden's Infrastructure Plan Threaten The U.S. Oil Industry?

Aug 03, 2021 at 12:05 | Tom Kool

Much was made about the impact of Biden's infrastructure bill on the U.S. oil and gas industry, but details suggest there is nothing to worry about.

Nigeria Tries To Revive A Zombie Project

Aug 03, 2021 at 11:58 | Gerald Jansen

Nigeria’s oil industry has been confronted with a plethora of challenges – endless litigation, social unrest, majors regularly mulling a country exit, and all this against the background…

Merger Mania Paves The Way For A New Era In U.S. Shale

Aug 03, 2021 at 10:58 | Irina Slav

Mergers and acquisitions are how an industry normally handles tough times. Asset prices drop, some companies can no longer survive on their own and become targets for those…

WTI Falls Below $70 On Global Rise In COVID Cases

Aug 03, 2021 at 09:25 | Tsvetana Paraskova

The U.S. benchmark, WTI Crude, slumped below $70 per barrel early on Tuesday in the second day of sell-offs triggered by surging COVID cases worldwide, including in the biggest economies,…

Could Oil Still Hit $80?

Aug 03, 2021 at 08:59 | Irina Slav

Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet…

Shale Giants Hit Hard By Poor Hedging Decisions

Aug 02, 2021 at 16:17 | David Messler

The lack of growth in shale production, currently inching higher but primarily from DUC- Drilled but Uncompleted wells, has been largely attributed to capital discipline. Shale companies have…

Is The World’s Hottest Oil Play About To Surprise Markets Again?

Aug 02, 2021 at 16:15 | Tom Kool

Kavango Basin oil exploration is lighting up again with a series of big announcements on Friday by the junior explorer behind what we consider is the most exciting onshore…

Oil Prices Continue To Fall On Delta Variant

Aug 02, 2021 at 15:58 | Julianne Geiger

Oil prices started August in the red, and kept falling into the afternoon, with both benchmarks trading down more than 3% near Monday’s close. The price of…

The Fascinating Rise And Fall Of Bitcoin Mining In China

Aug 02, 2021 at 15:04 | ZeroHedge

For much of the past decade, the energy-intensive mining infrastructure that made bitcoin possible resided deep inside China's hinterlands, close to cheap if heavily polluting sources of energy,…

The U.S. Retains Its Crown As World’s Top Oil Producer

Aug 02, 2021 at 12:57 | Robert Rapier

Last month BP released its Statistical Review of World Energy 2021. The Review provides a comprehensive picture of supply and demand for major…

Venezuela’s Oil Production Plans Are Entirely Unrealistic

Aug 02, 2021 at 12:36 | Matthew Smith

Despite a near economic collapse, shattered petroleum industry infrastructure and empty government coffers, Venezuela’s oil minister Tareck El Aissami continues to talk-up the prospects of the OPEC members…

Santos, Oil Search Merger Creates $16 Billion Giant

Aug 02, 2021 at 11:05 | Irina Slav

Two Australian energy heavyweights are set to merge in a move that will create a company worth $16 billion that will rank among the 20 biggest in the industry globally.…

Oil Starts August With A Loss

Aug 02, 2021 at 10:09 | Tsvetana Paraskova

Oil prices fell early on Monday to start August with losses after posting a fourth consecutive month of gains in July.   Oil settled higher on Friday to end the…

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