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Energy

Why The Suez Crisis Failed To Disrupt LNG Markets

Apr 05, 2021 at 12:43 | Vanand Meliksetian

On the morning of March 23, the world was shaken by the unfortunate news of the Suez Canal being blocked. At 07.40 local time, the Ever Given ran aground when…

Is The U.S. Finally Embracing Wave Energy?

Apr 05, 2021 at 12:06 | Tsvetana Paraskova

The United States has made the first step toward harnessing the potential of wave energy, a powerful source of renewable energy which researchers have been studying for decades.    The…

Goldman Sachs Sees Large Oil Demand Rebound This Summer

Apr 05, 2021 at 11:03 | Tsvetana Paraskova

Goldman Sachs is still bullish on oil and anticipates strong demand that would require OPEC+ putting another 2 million barrels per day (bpd) on the market in the third quarter,…

Saudi Arabia Angers Asian Buyers As It Hikes Oil Prices

Apr 05, 2021 at 09:55 | Irina Slav

Saudi Arabia has hiked its crude oil prices for Asian buyers by $0.40 per barrel and cut those for European and U.S. buyers by $0.20 and $0.10 per barrel, respectively,…

U.S. Oil Dips Below $60 On Renewed Demand Concerns

Apr 05, 2021 at 09:02 | Tsvetana Paraskova

Oil prices dropped early on Monday, as renewed concerns about oil demand had the market rethink whether last week’s OPEC+ decision to ease the production cuts by more than 1…

Forget OPEC Production Cuts, It’s Exports That Matter

Apr 02, 2021 at 18:30 | Irina Slav

Oil prices went on a rollercoaster ride this week ahead of the April OPEC+ meeting to discuss how production control is going and what their next steps would…

World’s Largest Lithium Producer: Get Ready For A Mega-Rally

Apr 02, 2021 at 18:27 | Alex Kimani

Several months ago, Chile’s second-largest lithium producer, Albemarle Corp. (NYSE:ALB), warned that global supplies of lithium were on course for a…

U.S. Oil Production Is About To Climb

Apr 02, 2021 at 18:20 | Tsvetana Paraskova

Over the past quarter, U.S. oil producers have turned much more optimistic about oil prices and demand and have already increased drilling activity from last year’s trough.

Russia Is Being Left Behind In The Energy Transition

Apr 02, 2021 at 17:53 | Haley Zaremba

When it comes to climate change and the need to update and innovate in the face of changing weather patterns, Russian President Vladmir Putin’s strategy is simple: deny,…

This Tiny Country Could Become Europe’s Newest Oil Producer

Apr 02, 2021 at 17:47 | Viktor Katona

It is rather rare to see enthusiasm for completely new exploration projects in Europe. The overwhelming majority of OECD countries are either in terminal decline or are looking into ways…

Blackrock Investment Guru Busts The ESG Investing Myth

Apr 02, 2021 at 17:29 | Alex Kimani

Over the past few months, one of the most influential investors on Wall Street has been throwing its full weight behind ESG and the clean energy transition.

Alaska Won’t Let Biden Stop Its Oil Boom

Apr 02, 2021 at 17:10 | Felicity Bradstock

New discoveries in Alaska by an Australian independent could provide hope for bigger oil finds yet to come in the country’s National Petroleum Reserve. Australian independent…

The Most Anticipated Licensing Round Of 2021

Apr 02, 2021 at 16:54 | Viktor Katona

The energy markets have seen several major upsets during the 21st century yet one can state fairly confidently that the market slump of 2020-2021…

France Pushes To Make Nuclear Power Mainstream In Europe

Apr 02, 2021 at 16:44 | Tatiana Serova

Together with Eastern European leaders, French President Emmanuel Macron co-signed a letter calling on the European Commission to include nuclear energy in its Green taxonomy. The letter was…

Energy Billionaires Became $51 Billion Richer From 2021 Oil Rally

Apr 02, 2021 at 13:01 | Charles Kennedy

The world’s oil billionaires became even richer in the first quarter of 2021, adding a combined net worth of US$51 billion to their fortunes as oil prices rallied and…

U.S. LNG Exports To Asia Hit Record Highs

Apr 02, 2021 at 11:35 | Tsvetana Paraskova

Since the fall of 2020, the United States has significantly boosted its liquefied natural gas exports to the top LNG-importing region, Asia, to the point of setting record highs in…

OPEC's Surprise Decision Bodes Well For Oil Demand

Apr 02, 2021 at 11:22 | Tom Kool

Oil prices climbed on Thursday despite the surprise decision by OPEC+ to increase production, a decision that has been seen as promising for…

Shale Giant Pioneer Buys Texas Oil Company For $6.4 Billion

Apr 02, 2021 at 11:04 | Charles Kennedy

Pioneer Natural Resources has inked a deal to acquire energy independent DoublePoint Energy for a consideration of $6.4 billion, including the assumption of some $900 million in debt, Pioneer

Recovering Demand Sparks Optimism In Oil Markets

Apr 02, 2021 at 10:34 | Editorial Dept

U.S. West Texas Intermediate crude oil futures finished higher this week following some friendly news from OPEC+ on Thursday. The market was poised to finish the week lower until OPEC…

Renewable Energy Set To Reshape The U.S. Power Sector

Apr 02, 2021 at 10:27 | Editorial Dept

1. Renewables shift to accelerate- The shift towards renewable energy in the U.S. will accelerate…

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