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Breaking News:

ExxonMobil Underwhelms With Q1 Earnings

Energy

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…

Quiet Roads In China Are Concern For Oil Markets

Aug 05, 2021 at 09:07 | Irina Slav

Traffic congestion in Beijing has declined by 30 percent over the past week, and is falling in other parts of the country as well, as the spread of a new…

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…

Gazprom Boosts Gas Exports To Europe In H1 2021

Aug 04, 2021 at 12:52 | Tsvetana Paraskova

Russia’s gas giant Gazprom boosted its natural gas exports to Europe by 23 percent annually in January to July 2021, Gazprom Export said this week. In the first seven…

Exxon’s Falling Production Is Highly Bullish For Oil Prices

Aug 04, 2021 at 12:27 | Alex Kimani

Last week, ExxonMobil (NYSE:XOM) reported Q 2 2021 earnings in one of Big Oil's most anticipated scorecards this earnings season. The United States' largest oil and…

Has The Oil Market Learned To Live With Covid?

Aug 04, 2021 at 12:22 | Felicity Bradstock

After a few uncertain months, as OPEC oil cuts continued and Covid restrictions came back into place, oil demand for 2021 finally seems stable, with price and demand…

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,…

Saudi Aramco Hikes Oil Prices To Asia For Second Consecutive Month

Aug 04, 2021 at 10:59 | Tsvetana Paraskova

The world’s largest oil exporter, Saudi Arabia, raised on Wednesday its official selling prices for crude oil loading for Asia in September in a widely expected move tracking stronger Middle…

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,…

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