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Energy

Oil Market Even Tighter As 500,000 Bpd Come Offline In Canada

Mar 05, 2021 at 08:57 | Irina Slav

Maintenance at three oil sands upgraders in Canada will take off some 500,000 bpd in production offline, helping tighten supply amid a price rally, Bloomberg reports. Canadian Natural Resources, Suncor…

China’s Oil Demand May Be Overestimated

Mar 04, 2021 at 18:08 | Tsvetana Paraskova

Robust oil demand in Asia has supported the bullish sentiment on the oil market in recent weeks, but the higher oil prices may cool off crude purchases from the world’s…

Are America’s Largest Oil Companies Really Going Green?

Mar 04, 2021 at 17:41 | Alex Kimani

The oil markets are once again in an upbeat mood, with crude prices shooting up 5% on Wednesday after reports emerged that OPEC+ producers rolled over production cuts…

5 Blockchain Startups Disrupting The Energy Sector

Mar 04, 2021 at 16:52 | Alex Kimani

Despite its enormous potential to transform the global energy sector, blockchain technology has largely remained confined to the financial sector, with the energy industry consistently catalyzed by innovations in sub-sectors…

Clean Energy Investing Is Becoming A Bubble

Mar 04, 2021 at 14:58 | Irina Slav

Remember when EV and hydrogen truck maker Nikola listed last year? The stock soared in the first months of trading, only to slump heavily just a few months later after…

Gigafactory Demand Leads To Price Explosion In Battery-Grade Lithium

Mar 04, 2021 at 13:26 | MINING.com

Domestic Chinese battery-grade lithium carbonate prices assessed by Benchmark Mineral Intelligence are…

America's Largest ESG Fund Has No Direct Renewable Holdings

Mar 04, 2021 at 13:08 | ZeroHedge

Environmental, Social and Governance (ESG) - often referred to as 'Socially Responsible Investing' (SRI) or 'Sustainable Investing' (SI) - account for roughly 33% of total US assets under management, largely due…

Is $3 Gasoline Coming?

Mar 04, 2021 at 12:16 | Tsvetana Paraskova

The biggest gasoline draw since 1990 amid refinery shutdowns due to the Texas Freeze could push up the U.S. national average gasoline price to $3 a gallon for the first…

Oil Soars As OPEC+ Sources Suggest No Production Increase

Mar 04, 2021 at 10:34 | Tsvetana Paraskova

The U.S. oil benchmark, WTI Crude, jumped early on Thursday to above $64 a barrel, soaring by more than 5 percent, after OPEC+ sources began telling reporters that the coalition…

EV Startup Launches Battery-Replacement Charging Network

Mar 04, 2021 at 10:04 | Charles Kennedy

A California-based startup has revealed an EV charging network where drivers will only need to spend 10 minutes to get fully charged battery, Business Insider reports. The company, Ample,…

Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd

Mar 04, 2021 at 08:09 | Irina Slav

Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, the Wall Street Journal reported on Thursday, citing sources familiar with the…

Will Private Shale Firms Crush The OPEC Oil Rally?

Mar 03, 2021 at 17:20 | Tsvetana Paraskova

This year’s rally in oil prices brings back an all-too-familiar question for the oil market and the OPEC+ group: Will U.S. shale come back faster than expected to ruin the…

Is This The World’s Next Big Offshore Oil Region?

Mar 03, 2021 at 16:56 | Matthew Smith

The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South America’s massive offshore oil boom.…

The U.S. Grid Isn’t Ready For A Major Shift To Renewables

Mar 03, 2021 at 14:34 | Irina Slav

The blame game for the massive power outages in Texas last month continues. The dominant argument is that renewables had an ignorable part to play in the crisis, with natural…

Debt Stricken Mexican Oil Major Pemex Scrambles To Boost Production

Mar 03, 2021 at 13:43 | Felicity Bradstock

After decreasing production to match lower demand in 2020, Mexico plans to boost oil exports  in 2021 as worldwide demand gradually increases once again. OPEC members…

Turkey’s Perfectly Timed Gas Discovery

Mar 03, 2021 at 12:40 | Vanand Meliksetian

Turkey’s energy import bill has been a major drag on its economy for decades. In 2019, the country imported $41 billion worth of energy among which 45 billion cubic meters…

Wall Streets Sees 2,000% Growth For Booming EV Market

Mar 03, 2021 at 12:06 | Alex Kimani

To say that 2020 was an unusual year in markets would be a vast understatement. The last year not only went on record for the quickest and deepest bear market…

Oil Soars Despite Largest Ever Crude Build

Mar 03, 2021 at 10:51 | Tsvetana Paraskova

Oil prices jumped early on Wednesday, following reports that the OPEC+ group could be weighing the possibility not to increase collective oil production from April as widely expected.…

Oil Prices Falter On Colossal Crude Inventory Build

Mar 03, 2021 at 09:43 | Irina Slav

Crude oil prices dropped today after the Energy Information Administration reported what can only be described as a colossal crude oil inventory build of 21.6 million barrels for the…

OPEC+ Considers Keeping Oil Cuts Unchanged Through April

Mar 03, 2021 at 08:45 | Tsvetana Paraskova

The OPEC+ group is considering keeping their collective oil production cuts in April, given the still-fragile global demand recovery, three OPEC+ sources told Reuters on Wednesday. OPEC and its…

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