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Breakthrough Catalyst Turns Sewage Into Clean Energy

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Scientists developed a catalyst that…

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Will Waning Gasoline Demand Drag Oil Prices Down?

Oil markets were looking forward…

Energy

The Race To Complete The World’s Most Controversial Pipeline

Jul 14, 2020 at 14:38 | Viktor Katona

It all started when leading European politicians, towering amongst them the German chancellor Angela Merkel, openly criticized the extraterritorial nature of U.S. sanctions against Nord Stream 2, stating that the…

OPEC+ News Is Holding Oil Prices Back

Jul 14, 2020 at 12:43 | Josh Owens

Despite easing COVID-19 lockdown restrictions in some regions, new data suggests that oil demand may be approaching its peak for 2020. 

Will Oil Ever Recover To Pre-COVID Levels?

Jul 14, 2020 at 12:43 | Costis Stambolis

Last May, Bernard Looney, the CEO of BP, said that "the coronavirus hit to crude consumption was likely to endure beyond the pandemic- and may have even ushered in "peak…

Tesla’s China Gamble Is Paying Off

Jul 14, 2020 at 11:48 | Haley Zaremba

Over the last several years, China has slowly but surely taken over the global electric vehicles industry. The country has indirectly controlled EV…

The Middle East Nation Reopening Its Doors To Iraqi Oil

Jul 14, 2020 at 10:23 | Simon Watkins

The resumption of crude oil imports from Iraq by Jordan announced last week by the Kingdom’s Energy Minister, Hala Zawati, will give Baghdad’s (and Tehran’s) beleaguered finances a much-needed boost…

Chinese Oil Imports Surged In H1 2020 Despite COVID-19

Jul 14, 2020 at 10:08 | Irina Slav

Despite the devastating coronavirus pandemic that locked down China for weeks, the country’s overall crude oil imports during the first half of the year…

OPEC+ To Discuss Oil Production Cuts This Week

Jul 14, 2020 at 09:05 | Tsvetana Paraskova

Panels of the OPEC+ groups begin their monthly meetings on Tuesday to discuss the state of oil market and how to proceed with the record production cuts, with analysts widely…

Extending Production Cuts Would Be ‘Suicidal’ For OPEC

Jul 13, 2020 at 17:07 | Nick Cunningham

OPEC+ will hold a committee meeting this week to assess the status of the oil market and decide on its next steps. For now, the group appears ready…

Is This The End Of The American Pipeline Boom?

Jul 13, 2020 at 15:23 | David Messler

The Dakota Access Pipeline, (DAPL) was built to transport Bakken crude oil from its point of origin in far North Dakota to a terminus in Patoka, Illinois. Patoka…

Tighter Oil Market Could Trigger Supply Surge

Jul 13, 2020 at 14:46 | Yousef Alshammari

Despite a reported rise in oil inventories last week, bullish trading returned to oil markets with Brent closing at $43.24, up by 10.02…

Tesla’s Million-Mile Battery Will Fuel A New Green Energy Boom

Jul 13, 2020 at 14:12 | Tsvetana Paraskova

The million-mile battery for electric vehicles (EVs) could hit the market very soon, giving a boost not only to zero-emission vehicle ownership but also to renewable energy generation. …

OPEC Looks To Boost Production By 2 Million Bpd

Jul 13, 2020 at 13:54 | ZeroHedge

In retrospect, it's impressive that it lasted as long as it did. Four months after OPEC cobbled together a record production cut to offset the demand…

The Wave Of Big Oil Write-Downs Is Far From Over

Jul 13, 2020 at 12:32 | Irina Slav

BP was first. The supermajor said last month that it could book asset writedowns of up to $17.5 billion as a result of…

Saudi Arabia Has No Plans To Increase Oil Exports Just Yet

Jul 13, 2020 at 11:29 | Charles Kennedy

Saudi Arabia is set to keep its crude oil exports in August at the levels from July, although the OPEC+ group is expected to…

Libya Declares Force Majeure On Oil Exports Again

Jul 13, 2020 at 11:06 | Charles Kennedy

Just two days after it lifted the force majeure on all oil exports, Libya’s National Oil Corporation has declared force majeure again, citing a renewed blockade on its oil export terminals and…

Houthi Rebels Target ‘Giant Oil Facility’ In Saudi Arabia

Jul 13, 2020 at 10:05 | Tsvetana Paraskova

The Iran-aligned Houthi rebels in Yemen said on Monday that they had hit a large oil facility in Saudi Arabia’s southern city of Jizan…

Is OPEC+ Ready To Relax Oil Output Cuts?

Jul 13, 2020 at 09:11 | Irina Slav

OPEC+ is likely to ease its crude oil production cuts from 9.7 million bpd to 7.7 million bpd starting next month as the extended oil group saw signs of improving…

Libya Is On The Brink Of A Major Military Conflict

Jul 10, 2020 at 17:00 | Cyril Widdershoven

Global oil market analysts are carefully watching the latest news emerging from Africa’s (potentially) largest oil producer. In an unexpected move, Libya's National Oil Corporation (NOC) stated lifted…

Oil Price Crash Sparks A Wave Of Banking Mergers In The Middle East

Jul 10, 2020 at 17:00 | Alex Kimani

The historic oil price crash and Covid-19 pandemic have left major producers of the commodity in a deep economic crisis. Dramatic production cuts by OPEC+ has exacerbated the…

The Most Desirable Crude Oil On The Market

Jul 10, 2020 at 16:53 | Haley Zaremba

China bought up so much oil during April and May’s oil price crash that now they don’t know what to do with it all. A huge volume of…

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