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Oil Price Volatility Soars Amid Geopolitical Uncertainty

Oil Price Volatility Soars Amid Geopolitical Uncertainty

Oil price volatility has climbed…

Tesla to Lay Off Over 10% of Global Workforce

Tesla to Lay Off Over 10% of Global Workforce

Tesla is laying off over…

Iraq Has No Intention of Restarting Kurdish Oil Pipeline

Iraq Has No Intention of Restarting Kurdish Oil Pipeline

Baghdad is repairing the Kirkuk-Ceyhan…

Energy

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…

Oil Rally Stumbles On OPEC+ Uncertainty

Mar 02, 2021 at 17:30 | Irina Slav

A rally that pushed oil prices higher than they were immediately before the pandemic struck has faltered on uncertainty around OPEC+ and a stronger dollar. Hedge fund oil buying reflected…

Iran To Join LNG Race In Asia With Huge North Pars Development

Mar 02, 2021 at 16:47 | Simon Watkins

With Asian spot liquefied natural gas (LNG) prices having risen to unprecedented levels in January and the outlook remaining extremely robust Iran believes now is the time to move full…

Australia Boosts LNG Spending To Compete With Qatar

Mar 02, 2021 at 16:05 | Tsvetana Paraskova

Australia’s LNG operators are set to approve gas drilling and LNG infill projects worth more than US$10 billion this year in a bid to stay competitive in a very dynamic…

Bloomberg’s Hottest Energy Picks For 2021

Mar 02, 2021 at 14:21 | Felicity Bradstock

Bloomberg Intelligence has announced its 50 companies to watch 2021 and several energy firms from different backgrounds and power sources made the cut.  NextEra, Repsol, Sunpower,…

What To Expect From The Upcoming OPEC+ Meeting

Mar 02, 2021 at 13:33 | Yousef Alshammari

After breaking the $50 barrier last year, oil prices are currently trading above $60. The major drivers behind this rally include the rise…

Oil Markets On Edge Ahead Of OPEC+ Meeting

Mar 02, 2021 at 11:59 | Josh Owens

Investor Alert! Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to…

Everything You Need To Know About Musk’s New Passion Project

Mar 02, 2021 at 11:38 | City A.M

Elon Musk is nothing if not divisive. But if there’s one thing about the world’s richest man that people tend to agree on, it’s that he’s good at…

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