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Record Surge in Global Coal Capacity Led by China

Record Surge in Global Coal Capacity Led by China

China’s massive annual additions of…

Argentina Taps Waste Gas To Mine Bitcoin

Argentina Taps Waste Gas To Mine Bitcoin

Crypto companies are tapping into…

Energy

How China Took Control Of Exxon’s Supergiant Iraqi Oilfield

Dec 02, 2020 at 17:13 | Simon Watkins

Various reports that Chinese oil giants, China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are ‘considering acquiring’ U.S. oil titan ExxonMobil’s 32.7 per cent stake in…

Big Oil Is Shedding Assets To Focus On Key Projects

Dec 02, 2020 at 17:01 | Irina Slav

Exxon this week did something unprecedented: it wrote down its gas assets by a massive $17 to $20 billion. In evidence that the crisis has finally gotten to…

An Energy Trade War Is Brewing Between China And The U.S.

Dec 02, 2020 at 16:46 | Haley Zaremba

It may be a lame duck session, but Donald Trump’s presidency is far from over, and neither is his trade war with China. Just a few days ago…

India Desperate To Diversify Oil Imports

Dec 02, 2020 at 14:14 | Felicity Bradstock

India has announced its intention to resume oil imports from Iran and Venezuela, as part of its objective to diversify its oil suppliers.  Imports from Iran…

Is OPEC Finally Making Progress Towards An Oil Output Deal?

Dec 02, 2020 at 13:55 | Julianne Geiger

OPEC+ is making progress toward a deal that would lay out the plan for the group’s oil production in 2021. The official meeting has been delayed until Thursday, after it…

How To Play The Chinese Energy Market

Dec 02, 2020 at 13:29 | Alex Kimani

With China stocks looking increasingly attractive, and analysts urging investors to restructure their portfolios to be at least 20%, Chinese oil stocks are the exception due to last-minute trade war…

India Hopes To Restart Oil Imports From Iran, Venezuela

Dec 02, 2020 at 12:54 | Tsvetana Paraskova

India would like to have more opportunities to work for diversifying its sources of crude, including by resuming oil imports from Venezuela and Iran under President Biden, according to India’s…

China's Big Plastic Ban Is A Massive Failure

Dec 02, 2020 at 12:07 | Alex Kimani

Back in 2008, Beijing introduced a nationwide ban on ultra-thin plastic bags in a bid to tame the plastics menace that had earned the nation the reputation as…

Brazil's Oil Major Believes Net Zero Emissions Is A 'Fad'

Dec 02, 2020 at 11:01 | Tsvetana Paraskova

Petrobras continues to bet on oil and is not going for the net-zero emission "fad" as all European oil majors have done, Roberto Castello Branco, the chief executive of Brazil's…

Oil Prices Hold Steady Despite Rising Fuel Stocks

Dec 02, 2020 at 09:43 | Irina Slav

Crude oil prices hesitated today after the Energy Information Administration reported an oil inventory draw of 700,000 barrels for the week to November 27 but a sizeable build in…

Traders Haven’t Been This Bullish On Oil Since August

Dec 02, 2020 at 08:45 | Tsvetana Paraskova

Since pharmaceutical companies started announcing vaccine breakthroughs three weeks ago, the oil market has seen the gloom from the soaring coronavirus cases turn into optimism that vaccine availability would help…

Why An Air Travel Recovery Won’t Spark An Oil Rally

Dec 01, 2020 at 16:56 | Julianne Geiger

Oil demand isn’t going to see a bump from air travel demand anytime soon, or so the International Air Transport Association (IATA) said in a recent press release.  And when…

How 3D Printing Will Reshape The Oil And Gas Industry

Dec 01, 2020 at 16:34 | Felicity Bradstock

With multiple new technologies being introduced to the suffering oil and gas industry in 2020, 3D printing is the latest fad to gain traction in the space. Additive…

Oil Price Crash Crushes New Mexico’s Hope For Free College

Dec 01, 2020 at 15:52 | Irina Slav

New Mexico was, until recently, a lucky state. Despite being one of the states with the weakest economies—and high unemployment—New Mexico had the Permian, and oil revenues from…

Norway To End Oil Production Cuts On December 31st

Dec 01, 2020 at 13:21 | Tsvetana Paraskova

Western Europe’s largest oil producer, Norway, will be ending the government-imposed oil production cuts at the end of the year, the Ministry of Petroleum and Energy said on Tuesday,…

Oil Prices Drop On OPEC+ Uncertainty

Dec 01, 2020 at 12:30 | Josh Owens

Oil prices fell on Tuesday morning as OPEC+ failed to reach an agreement regarding production cuts in 2021, with the three most influential members all disagreeing on how to proceed.

Venezuela Triples Oil Exports Using Ghost Tankers

Dec 01, 2020 at 11:28 | Tsvetana Paraskova

Venezuela boosted its crude oil exports nearly threefold in November to more than 500,000 barrels per day (bpd), including by hiding the true identity of tankers to avoid detection, Bloomberg…

Tackling The Natural Gas Industry’s Biggest Problem

Dec 01, 2020 at 11:01 | Haley Zaremba

It’s undeniable that the global energy sector is trending toward decarbonization. Catalyzed by the rough blows that the novel coronavirus pandemic dealt to the oil industry, the global…

Japan And Kuwait Strike Major Oil Storage Deal

Dec 01, 2020 at 10:03 | Charles Kennedy

Japan and Kuwait have struck a deal to store crude oil for Southeast Asia in Japan in a bid to boost the region’s oil supply network, which is currently…

Exxon Breaks With Tradition, Announces $20 Billion Oil Asset Write-Down

Dec 01, 2020 at 09:00 | Irina Slav

Exxon has finally broken with its tradition to never write down its assets. Exxon has announced massive writedowns of between $17 billion and $20 billion due to the pandemic…

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