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Energy

Saudi Aramco Restarts Projects To Boost Oil Production Capacity

Apr 16, 2021 at 13:42 | Tsvetana Paraskova

The world’s largest oil company and biggest oil exporter, Saudi Aramco, has resumed tendering and development work on major offshore oil expansion projects that would give Saudi Arabia another 1.15…

Oil Demand Is Finally Bouncing Back

Apr 16, 2021 at 12:45 | Tom Kool

Oil demand is finally bouncing back despite the fact that Covid cases are rising and additional travel restrictions have been put in place.For…

U.S. Rig Count Increases As Oil Prices Hold Above $60

Apr 16, 2021 at 12:17 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 7 this week, bringing the total rig count to 439. Last…

Russia: OPEC+ To Gradually Ease Production Cuts In May-July

Apr 16, 2021 at 11:08 | Tsvetana Paraskova

The OPEC+ alliance will gradually ease the collective production cuts between May and July, as the ministers agreed earlier this month, Russia’s Deputy Prime Minister Alexander Novak told reporters on…

U.S. Oil Bankruptcies Shoot Up In Q1 2021

Apr 16, 2021 at 10:01 | Tsvetana Paraskova

The number of North American producers that filed for bankruptcy protection in the first quarter of 2021 reached the highest number for a first quarter since 2016, yet the wave…

Oil Demand Could Peak By 2026: Goldman Sachs

Apr 16, 2021 at 09:09 | Irina Slav

Despite a bullish stance on the short-term future of oil demand, Goldman Sachs has a grimmer prediction for the longer-term future of the commodity: in a Bloomberg report, the investment…

3 Oil Stocks To Watch This Spring

Apr 15, 2021 at 16:51 | Alex Kimani

Oil bulls who have been praying for oil prices to cross the $70 per barrel mark to affirm a full recovery after a very encouraging 6 month-long rally have unfortunately…

Are Car Giants Right To Bet On The EV Revolution?

Apr 15, 2021 at 16:03 | Julianne Geiger

Big Auto is going all-in on EVs, but is their big bet on the electric vehicle revolution foolish given America’s reluctance to embrace it with the same gusto?…

Shell To Exhaust Dwindling Oil & Gas Reserves By 2040

Apr 15, 2021 at 13:13 | Tsvetana Paraskova

Shell expects to have produced 75 percent of its current proved oil and gas reserves by 2030, and only around 3 percent after 2040, the supermajor

This Strategic Shift Could Make Big Oil Much More Profitable

Apr 15, 2021 at 13:04 | Alex Kimani

At a certain point in its lifecycle, every industry faces its moment of reckoning with growing pressure to transform due to factors such as increasing competition, changing consumer…

The Permian Faces An Empty Pipeline Crisis

Apr 15, 2021 at 12:31 | Haley Zaremba

Just a few short years ago, the United States was producing more shale oil than ever, pumping as much and as quickly as…

Will Russia’s Oil Production Ever Return To Record Highs?

Apr 15, 2021 at 12:03 | Felicity Bradstock

According to Russia’s Ministry of Energy, the country is unlikely to return to pre-pandemic oil production levels.  Prior to the pandemic, Russia was

Shale Executive: US Production Rebound Will Lead To New Oil Price War

Apr 15, 2021 at 11:01 | Tsvetana Paraskova

The U.S. oil industry faces a new oil price war if shale production rebounds next year by rising 1 million bpd compared to this year, Scott Sheffield, chief executive at…

WoodMac: Oil Prices Could Drop To $10 In 2050

Apr 15, 2021 at 09:55 | Tsvetana Paraskova

Brent Crude oil prices could fall to $10 per barrel by 2050 if the world accelerates the energy transition with decisive action to achieve the Paris Agreement climate…

Macquarie: Lithium Prices May Double Over The Next 4 Years

Apr 15, 2021 at 09:14 | MINING.com

Lithium shares are on a roll after investment bank Macquarie (ASX: MQG)…

Could This Be One Of The Best Ways To Play The Electric Vehicle Boom?

Apr 14, 2021 at 16:34 | Ed Johnson

EV sales jumped 43% in 2020 while overall car sales decreased by 20%, and there’s still plenty of room to run on the electric playing field, according to some of…

The Permian Will Never Face A Pipeline Shortage Again

Apr 14, 2021 at 12:21 | Irina Slav

Just three years ago, the Permian shale oil boom was under threat: production was growing fast, but pipeline capacity wasn’t. At one point, over one two-week period, eight of…

U.S. Refiners Are Desperate For A Gasoline Demand Boom

Apr 14, 2021 at 12:17 | Tsvetana Paraskova

Meeting rising gasoline demand heading into the summer months is the best bet for U.S. refineries to stop the losses they had incurred last year and in the first quarter…

India’s Oil Demand Recovery Threatened By New Restrictions

Apr 14, 2021 at 11:34 | Felicity Bradstock

As the summer months draw nearer, usually meaning a rise in oil demand for India, increased pandemic restrictions threaten this trend in the world’s third-largest oil importer.

The Permian Basin Is Poised For A Production Boom

Apr 14, 2021 at 11:23 | Felicity Bradstock

As the U.S. and global economy recover, production in the Permian Basin is finally returning to pre-pandemic production levels as the American oil industry gets back on track.…

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