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Oil Moves Higher on Inventory Draw

Oil Moves Higher on Inventory Draw

Crude oil prices ticked higher…

$2-Trillion Funding Gap Casts Shadow over Energy Transition

$2-Trillion Funding Gap Casts Shadow over Energy Transition

Blackrock's Michael Dennis said that…

Energy

Saudi Energy Minister: Getting Rid Of Oil And Gas Is ‘’Unrealistic’’

Oct 26, 2020 at 10:00 | Tsvetana Paraskova

Getting rid of oil and gas is “far-fetched and unrealistic,” Saudi Energy Minister, Prince Abdulaziz bin Salman, said on Monday, adding that companies and governments should be thinking about how…

Big Profits Are No Longer The Top Priority For Oil Investors

Oct 23, 2020 at 17:48 | Irina Slav

For years, the oil industry drew in investors with sizable—and regular—returns. Even when oil prices fell, Big Oil found ways to keep paying dividends, even if it had…

North American Oil And Gas Bankruptcy Debt Has Hit An All-Time High

Oct 23, 2020 at 17:44 | Rystad Energy

The associated debt from North American oil and gas bankruptcies in 2020 has already reached an all-time high and is set to grow even further this year as…

Tesla Sets Its Sights On India

Oct 23, 2020 at 17:41 | Haley Zaremba

India has some major plans in store for developing the traffic- and smog-choked subcontinent’s electric vehicles market. Just last week, India’s Department of Heavy Industries released an expression…

2021 Could Be A Much Better Year For Canadian Oil

Oct 23, 2020 at 17:39 | Haley Zaremba

It’s been a really tough year for oil nations around the globe, but nearly no one has had it worse than poor Canada. On that infamous day, April…

The U.S. Has A Major EV Problem

Oct 23, 2020 at 17:36 | Tsvetana Paraskova

Even a battery with a million-mile lifespan can’t overcome one of the key hurdles to mass adoption of electric vehicles (EVs) in the United States and elsewhere—the insufficient…

The Energy Revolution Needs A $1 Trillion Investment In Key Metals

Oct 23, 2020 at 17:32 | Tsvetana Paraskova

The energy transition will not be possible without the key metals used for storing electricity and for electrification of transport. Today’s technologies for low-carbon energy need lithium, nickel,…

Solar Breakthrough Could Be A Game Changer For Energy Efficiency

Oct 23, 2020 at 17:27 | Haley Zaremba

Until a few years ago, carbon capture was an industry darling, popping up in headlines and meeting notes across the energy sector as the new it thing for…

Oil Prices Slip Again As COVID Cases Surge

Oct 23, 2020 at 13:11 | Tom Kool

COVID cases are now surging around the globe, threatening oil demand and sending oil prices back below $40.For Global Energy Alert members there are now

U.S. And Canadian Oil Rig Counts Continue To Rebound

Oct 23, 2020 at 12:20 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 6 to 211. The total number of active oil and gas rigs increased…

Soaring Number Of COVID Cases Caps Oil Prices

Oct 23, 2020 at 11:27 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are trading nearly flat on Friday while heading for their first weekly losses in three. The market is feeling pressure from both the…

The Consolidation Of U.S. Shale

Oct 23, 2020 at 11:25 | Editorial Dept

1. Demand stalls on COVID resurgence - “We think that the oil market would mount…

Why ISIS Is Calling For Attacks On Saudi Arabia

Oct 23, 2020 at 11:23 | Editorial Dept

Politics, Geopolitics & Conflict - ISIS is calling on its supporters to attack Westerners and oil pipelines and economic infrastructure in Saudi Arabia, based on a recorded message carried by…

An Election Warning For Energy Traders

Oct 23, 2020 at 11:20 | Editorial Dept

I have said and written many times, in many different contexts, that one of my core investing beliefs is that politicians have a lot less effect on the market than…

How Hydrogen Will Reshape Global Power Dynamics

Oct 23, 2020 at 11:18 | Editorial Dept

Peace in the Middle East may be fostered by natural gas, beginning with Israel's new-found energy leverage, but that peace will simply be shifted to a war of different alliances…

Biden Says He Would “Transition From The Oil Industry”

Oct 23, 2020 at 10:08 | Charles Kennedy

“I would transition from the oil industry, yes,” Democratic presidential candidate Joe Biden said during last night’s debate with President Donald Trump in response to a question from his opponent. “Would…

Alberta Set To Lift Mandatory Oil Production Cuts In December

Oct 23, 2020 at 09:29 | Tsvetana Paraskova

Alberta is lifting the mandatory curtailment of oil production as of December 2020 since there is enough space on pipelines to allow producers to utilize available pipeline capacity and create…

Venezuela’s Oil Major Sees Oil At $35 Through 2021

Oct 23, 2020 at 08:46 | Irina Slav

Venezuela’s state oil company has made a pessimistic estimate for next year’s oil prices, expecting to make just $35 per barrel for the crude it exports, Reuters has reported.…

Another Permian Giant May Be Forced To Consolidate Or Die

Oct 22, 2020 at 16:54 | David Messler

One by one they are starting to fall. The long predicted consolidation wave in U.S. shale players, particularly those with assets in the Permian stacked play, is in…

The End Of Venezuela’s Oil Era

Oct 22, 2020 at 16:22 | Matthew Smith

Venezuela, once Latin America’s largest oil producer and a founding member of OPEC, has seen its economically vital oil industry collapse triggering one of the worst economic and…

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