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Energy

The U.S. Is Not Ready For An All-Electric Future

May 19, 2021 at 14:56 | Tsvetana Paraskova

The setting of a net-zero target by the Biden Administration was the first step toward decarbonization of the energy system and industry. But having a target is the easiest part…

Venezuela’s Crumbling Oil Industry Is An Environmental Nightmare

May 19, 2021 at 14:14 | Matthew Smith

The near failure of the Venezuelan state, caused by the breakdown of the country’s oil industry, has triggered the second worst humanitarian crisis of the 21st century. While…

The Remarkable And Unstoppable Growth Of Clean Energy

May 19, 2021 at 12:50 | Haley Zaremba

To say that 2020 was a record-breaking year for renewable energy investment would be an extreme understatement. Clean energy went gangbusters last year as the spread of the…

Inflation Fears Send Oil Plunging

May 19, 2021 at 11:34 | Tsvetana Paraskova

Oil prices dropped for a second consecutive day early on Wednesday as the markets were spooked by concerns about above-target inflation and participants showed risk aversion to commodities. As of…

EV Metal Index Jumps 85% In One Month

May 19, 2021 at 10:49 | MINING.com

MINING.COM’s EV Metal Index set a new record in March with a surge in…

Oil Prices Tumble As Crude Inventories Rise

May 19, 2021 at 09:40 | Irina Slav

Crude oil prices moved further down today after the Energy Information Administration reported a crude oil inventory build of 1.3 million barrels for the week to May 14. This…

Heavy Rains Reduce Gulf Coast Refinery Output

May 19, 2021 at 09:03 | Charles Kennedy

Four refineries on the U.S. Gulf Coast have reduced their processing rates because of heavy rains and flooding in East Texas and Louisiana. The severe weather conditions are forecast to…

The IEA’s Latest Proposal Is Both Reckless And Impossible

May 18, 2021 at 17:05 | Cyril Widdershoven

The International Energy Agency,  which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as…

Colombia’s Oil Industry Is On The Brink Of Collapse

May 18, 2021 at 16:06 | Matthew Smith

Colombia’s oil industry is yet again under considerable pressure, despite the national government in Bogota attempting to reactivate the economically crucial sector. The March 2020 oil price crash,…

$70 Oil Could Put The Brakes On China’s Crude Buying Spree

May 18, 2021 at 14:14 | Charles Kennedy

China’s accelerated crude oil stockpiling could be coming to an end with oil at $70 and the possibility that strategic reserves are close to capacity, suggesting that the world’s largest…

IEA Drops Bombshell Report On Oil And Gas

May 18, 2021 at 12:11 | Josh Owens

The IEA made headlines today when it suggested that there should be no new oil and gas investments after 2021... If that were to happen - with a supply crunch…

Oil Rebounds After BBC Spooks Market With News On Nuclear Deal

May 18, 2021 at 12:06 | ZeroHedge

Update (1245ET): Well that didn't last long. After oil prices plunged on Iran nuclear deal optimism, they have surged back higher again now after Russian Envoy Ulyanov clarified his earlier remarks, noting…

Oman Plans Massive $30 Billion Green Hydrogen Project

May 18, 2021 at 11:15 | Tsvetana Paraskova

Middle Eastern oil producer Oman plans to build one of the largest green hydrogen plants in the world. The plant will be powered by 25 gigawatts (GW) of renewable energy…

Prices At The Pump Stuck At 7-Year Highs

May 18, 2021 at 10:05 | Irina Slav

Gasoline prices remained elevated, with many stations staying shut despite the restart of operations at the Colonial Pipeline network following the May 7 cyberattack. Reuters reports prices were at…

IEA: Net-Zero Goal Means No More New Oil And Gas Investment Ever

May 18, 2021 at 09:01 | Tsvetana Paraskova

The world doesn’t need any new investments in oil and gas beyond what is already approved if it hopes to achieve net-zero emissions by 2050, the International Energy Agency (IEA)…

Why A Shale Comeback Could Be Disastrous For Oil Markets

May 17, 2021 at 18:04 | Alex Kimani

After having a year to forget in 2020, the energy sector has this year emerged as the best-performing of all 11 U.S. market sectors. Energy Select Sector SPDR ETF (NYSEARCA:XLE)…

Oil Markets Will Face A Supply Crisis Before Demand Peaks

May 17, 2021 at 17:07 | Alex Kimani

The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks, and a shift towards renewable energy, experts warned that nearly…

Russia Is Making A Comeback In This Growing Gas Market

May 17, 2021 at 15:29 | Gerald Jansen

Second year into the pandemic-triggered limbo, many statements that would have seemed quite uncontroversial before COVID pummeled Europe’s energy markets today might seem questionable. Before 2020, Russia was the leading…

Quick Rise In U.S. Natural Gas Prices To Boost Coal Demand

May 17, 2021 at 15:08 | Tsvetana Paraskova

U.S. coal-fired power generation is set for a short-term recovery this summer as higher prices of coal’s main fossil fuel competitor, natural gas, will discourage parts of gas-fired electricity generation.…

Iran Is Planning An Oil Export Boost

May 17, 2021 at 14:02 | Irina Slav

Iran is preparing to boost production and exports of crude oil as talks on the nuclear deal with the United States continue to progress, government officials said, as quoted…

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