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Oil Moves Down on Crude Inventory Build

Oil Moves Down on Crude Inventory Build

Crude oil prices moved lower…

Shell Considers Leaving London Stock Exchange

Shell Considers Leaving London Stock Exchange

Shell's CEO has expressed dissatisfaction…

Small Banks Significantly Boost Loans to Oil And Gas Firms

Small Banks Significantly Boost Loans to Oil And Gas Firms

Regional banks BOK Financial, Citizens…

Energy

Can Sea Water Batteries Solve Our Energy Storage Problem?

Jan 12, 2021 at 12:57 | Irina Slav

The stakes are rising with each passing day for energy storage. The world needs it, and it needs it cheaply and urgently, given all the plans in Europe,…

Big Oil Is An Unsung Hero In The Fight Against COVID

Jan 12, 2021 at 11:42 | Felicity Bradstock

While the oil and gas industries experienced a difficult year in 2020, with decreased demand and a severe drop in prices, energy suppliers have continued to provide vital…

OPEC+ Compliance With Production Cuts Slips To 75%

Jan 12, 2021 at 10:52 | Tsvetana Paraskova

OPEC+ group’s compliance with the oil production cuts fell to 75 percent in December 2020—one of the lowest levels since the pact was enacted in May 2020, tanker tracking firm…

U.S. Oil Drillers To Face More Pain Despite Higher Prices

Jan 12, 2021 at 10:02 | Irina Slav

WTI is back above $50 a barrel, and things are looking up for the battered U.S. oil industry. Yet, although the worst may be behind drillers, they still face a…

Why The Last Leg Of The Oil Demand Recovery Is The Hardest

Jan 11, 2021 at 16:16 | Tsvetana Paraskova

Over the past six months, excess U.S. crude oil and product inventories have declined from their surplus at the start of the summer of 2020. Petroleum inventories have…

Are Clean Energy Stocks In Bubble Territory?

Jan 11, 2021 at 15:54 | Alex Kimani

The Age of Renewable Energy is upon us, with the global shift to renewable energy in full swing, but like any huge rally, the divide between the bulls…

Big Tech Isn’t As Clean As You Think

Jan 11, 2021 at 15:15 | Irina Slav

They are among the biggest—and most generous—backers of the renewable energy shift. They are advertising themselves as environmentally responsible companies that source their raw materials from ethical locations…

Renewable Energy Stocks See Record Investments

Jan 11, 2021 at 13:39 | Haley Zaremba

As a global community, we’re known for a long time now that it’s imperative for the worldwide economy to decarbonize rapidly and in earnest if we have any…

U.S. Sanctions Halve Iran’s Oil Revenues

Jan 11, 2021 at 13:09 | Tsvetana Paraskova

Iran’s oil revenues have halved since the U.S. imposed sanctions on the Islamic Republic in 2018, Turkish news agency Anadolu reported, citing an Instagram post of the governor of…

Why Asian LNG Prices Are Going Through The Roof

Jan 11, 2021 at 11:55 | Vanand Meliksetian

The year 2020 is already unforgettable in many ways. The Covid-19 pandemic brought the world to a standstill. With the economy on hold, energy consumption has plummeted including…

Shell Restarts Production At Huge Prelude Project As LNG Prices Soar

Jan 11, 2021 at 11:04 | Irina Slav

Shell has restarted production of liquefied natural gas at its Prelude offshore project in Australia after almost a year's suspension. "LNG cargoes have resumed from Shell's Prelude FLNG facility," Argus…

Oil Drops Amid Rising Chinese COVID Cases And Stronger Dollar

Jan 11, 2021 at 09:58 | Tsvetana Paraskova

The oil price rally fizzled out early on Monday as the U.S. dollar strengthened and as China further restricted movement amid doubled new COVID cases, prompting renewed concerns about oil…

India Oil Demand Falls For First Time In 20 Years Due To COVID

Jan 11, 2021 at 09:05 | Charles Kennedy

India's crude oil demand last year fell for the first time in more than 20 years because of the Covid-19 pandemic, Bloomberg has reported, noting that Asia's second-biggest oil…

How U.S. Shale Upended Global Crude Flows

Jan 08, 2021 at 18:23 | Tsvetana Paraskova

The U.S. removed the ban on American crude oil exports to countries other than Canada in 2015, unleashing a new force on the global oil market to be…

How Will Biden’s Presidency Impact South America’s Oil Boom?

Jan 08, 2021 at 17:51 | Matthew Smith

Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive a…

Can Tech Save The Oil Industry?

Jan 08, 2021 at 17:46 | Felicity Bradstock

As the outlook for oil is uncertain for 2021, following a turbulent 2020, companies look toward new technologies and innovation to drive the industry forward.  From…

Tesla Is Making A Major Push For Chinese Market Share

Jan 08, 2021 at 17:44 | Safehaven.com

Tesla (NASDAQ:TSLA) is shaking up the competition once again with the release of its new ModelY in China for a lower-than-expected price that’s…

Exxon’s Mega Oil Finds In Guyana Are Just The Beginning

Jan 08, 2021 at 17:42 | Matthew Smith

Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak…

Should You Follow Buffett's Energy Strategy Into 2021?

Jan 08, 2021 at 17:38 | Alex Kimani

For decades, Berkshire Hathaway (NYSE:BRK.B) chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, only buying shares of businesses he was well acquainted…

U.S. Foreign Policy Is Fueling Iran’s Interest In Venezuela

Jan 08, 2021 at 17:35 | Matthew Smith

After the Second World War crude oil and control of its production became an important driver of global geopolitics. Crude oil became an…

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