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Energy

The Pandemic Will Not Crush Guyana’s Oil Boom

Oct 05, 2020 at 15:50 | Matthew Smith

There are growing fears that the COVID-19 pandemic will sharply impact deeply impoverished Guyana’s economy and fiscally vital oil boom. Newly

Tighter Markets Cause Natural Gas Prices To Jump Almost 10%

Oct 05, 2020 at 13:40 | Julianne Geiger

Natural gas prices on Monday rose nearly 10 percent as lofty hopes of an economic stimulus deal in the United States persist, an increase in LNG exports, and positive reports…

Oil Majors Hit Hard By Canada's Energy Stock Selloff

Oct 05, 2020 at 13:03 | Tsvetana Paraskova

Canada’s oil industry is suffering the consequences of the global oil demand and price crash, just like every company in the sector anywhere in the world.  

Libya’s Oil Production Jumps To 300,000 Bpd As Exports Rise

Oct 05, 2020 at 12:38 | Irina Slav

Libya continues to ramp up crude oil production with the daily total now getting closer to 300,000 bpd and exports on the rise, too. By the end of last week,…

70% Of Lost U.S. Oil Jobs May Not Return Anytime Soon

Oct 05, 2020 at 12:10 | Tsvetana Paraskova

As much as 70 percent of the more than 100,000 jobs lost in the U.S. oil, gas, and chemicals industries due to the pandemic may not return by the end…

Oil Prices Soar As Trump’s Condition Improves

Oct 05, 2020 at 10:53 | Julianne Geiger

Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursday evening. At 11:06 a.m. EDT, the…

China’s Oil Imports Slowly Return To Normal Levels

Oct 05, 2020 at 10:08 | Tsvetana Paraskova

China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the…

Saudi Arabia Sees Oil At $50 Until 2023

Oct 05, 2020 at 09:04 | Irina Slav

Saudi Arabia appears to be more upbeat about the immediate future of oil prices than fundamentals warrant, according to Goldman Sachs analysts. These have calculated that the Saudi budget plan…

Why Energy Investors Are Pivoting Towards ESG Funds

Oct 02, 2020 at 17:14 | Alex Kimani

After years of just bubbling under, the ESG megatrend has finally opened the afterburners. At a time when the reminders of past flameouts by the fossil fuel sector…

Venezuela’s Crude Oil Industry May Never Recover

Oct 02, 2020 at 17:14 | Matthew Smith

Despite President Maduro’s claims of a looming recovery for Venezuela’s economically crucial oil industry in early 2020 production keeps declining. Even measures aimed at revitalizing the industry and…

Is Venezuela’s Oil Production Poised For A Comeback?

Oct 02, 2020 at 17:13 | Viktor Katona

The flow of positive news regarding the future of PDVSA, Venezuela’s national oil company and cash cow, has been almost non-existent since February 2018. Rightly so, given that…

Does Cryptocurrency Really Run On Clean Energy?

Oct 02, 2020 at 17:05 | Haley Zaremba

In the past, cryptocurrency mining operations, especially that of Bitcoin, have gotten a lot of flack

China Doubles Down On Nuclear Energy To Cut Carbon Emissions

Oct 02, 2020 at 17:05 | Haley Zaremba

Around the world, there is a sweeping movement toward a global green energy transition. While world leaders have been urged by experts for years to start lowering greenhouse…

Russia Plans To Revamp Its Oil Tax Policy

Oct 02, 2020 at 17:05 | Viktor Katona

Constrained by the OPEC+ production cuts and the necessity to balance its 2020 federal budget, Russia has started to play with one of the most dangerous policy instruments…

Has Trump Helped Or Hurt The U.S. Ethanol Industry?

Oct 02, 2020 at 17:00 | Robert Rapier

Last week at a campaign rally in Jacksonville, Florida, President Trump made a puzzling claim. Near the end of a story about Kamala…

Why China Can’t Quit Its Coal Addiction

Oct 02, 2020 at 16:58 | Haley Zaremba

At the moment, the energy news out of China is a deluge of reports and think pieces about the government's recently unveiled an extremely ambitious plan to become…

Oil Companies Cut More Jobs As Demand Recovery Remains Uncertain

Oct 02, 2020 at 15:59 | Julianne Geiger

Suncor Energy is cutting as much as 15 percent of its workforce—a total of 2,000 jobs—as demand destruction and low prices have created an adapt or die scenario for oil…

Souring Fundamentals Force Brent Crude Oil Below $40

Oct 02, 2020 at 13:34 | Tom Kool

Both the President and First Lady of the United States have tested positive for COVID-19 on a day when Brent oil prices crash below $40 and the U.S. rig count…

U.S. Oil Rig Count Rises As WTI Prices Slide

Oct 02, 2020 at 12:27 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 6 to 189—a gain that may push prices down further. The total number…

Why Oil Prices Continue To Fall

Oct 02, 2020 at 12:05 | Editorial Dept

U.S. West Texas Intermediate crude oil futures fell nearly 5% early on Friday after President Donald Trump tested positive for COVID-19 and negotiators failed to agree on a U.S. fiscal…

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