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Namibia Racks Up Another Major Offshore Oil Discovery

Namibia Racks Up Another Major Offshore Oil Discovery

Shares of Portuguese integrated energy…

The AI Revolution Has a Problem: Energy

The AI Revolution Has a Problem: Energy

On the one hand, artificial…

Energy

Is The UK Doing Enough To Stimulate EV Sales?

Jul 02, 2020 at 10:52 | Irina Slav

Sales of plug-in hybrids and battery electric cars in the UK inched up to 7 percent of total sales in the first quarter of the year, Reuters’ John Kemp wrote this…

Goldman Sachs Expects Crude Prices To Rise In 2021

Jul 02, 2020 at 09:47 | Irina Slav

Goldman Sachs’ commodity analysts remain guarded about oil’s potential to rise over the near term, but in 2021, prices may start to improve, commodity chief Jeffrey Currie told Bloomberg’s Alix Steel.…

Citigroup: Oil Will Never Return To $100

Jul 02, 2020 at 09:00 | Irina Slav

Crude oil prices are unlikely to return to three-digit levels ever again, Citigroup commodity analysts said in a note, as quoted by Bloomberg. The idea of oil at $100 or higher,…

Are Oil Bulls In For A Disappointing July?

Jul 01, 2020 at 17:26 | Nick Cunningham

The oil market continues to tighten, but the surge of coronavirus cases in the U.S. could derail the rally in crude prices.  OPEC+ can claim most…

Gulf Oil Producer Oman Is Quickly Running Out Of Options

Jul 01, 2020 at 17:21 | Simon Watkins

Even before the latest Saudi-instigated oil war crashed oil prices, Oman had a budget breakeven price per barrel of Brent of over US$85, with a senior legal source in Abu…

$40 Oil Isn’t Enough To Prevent A Wave Of Shale Bankruptcies

Jul 01, 2020 at 17:01 | Tsvetana Paraskova

The coronavirus pandemic and the oil price collapse are accelerating the pace of bankruptcy filings in the U.S. shale patch this year. The number of filings had already started to…

Covid-19 Is Crushing This African Oil Exporter

Jul 01, 2020 at 14:14 | Viktor Katona

Stuck midway in reforming its energy sector by chopping down unnecessary assets and optimizing the national NOC’s role vis-à-vis the government, Angola has endured a lot of strain in the…

Oil Glut At Sea Starts To Shrink

Jul 01, 2020 at 12:51 | Charles Kennedy

The huge volumes of oil held at sea have started to shrink and are expected to continue declining into the second half of this year, thanks to recovering demand and…

Why Power Companies Can’t Ditch Coal Just Yet

Jul 01, 2020 at 12:45 | Leonard Hyman & William Tilles

We’ve always had difficulty understanding why US electric companies have not simply closed down old, smaller and least efficient coal-fired power plants quickly. From a simple bargaining perspective we thought…

3 Oil Stocks With Good Upside And 3 To Avoid

Jul 01, 2020 at 11:47 | Alex Kimani

The valuations of energy stocks have declined at one of their fastest clips this year thanks to a stubborn supply overhang, a price war, and massive demand destruction due to…

Venezuela’s Oil Production Continues To Plummet

Jul 01, 2020 at 10:59 | Tsvetana Paraskova

Venezuela’s crude oil production tumbled by nearly 200,000 bpd in June compared to May, to just 422,400 bpd on June 28, as Venezuela struggles to place its oil on the…

Oil Rallies On Bullish EIA Inventory Data

Jul 01, 2020 at 09:43 | Irina Slav

Crude oil inventories in the United States shed 7.2 million barrels in the week to June 26, the Energy Information Administration 

Saudi Arabia Eyes Total Dominance In Oil And Gas

Jun 30, 2020 at 17:14 | Julianne Geiger

Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydrocarbon producer “even” in 2050. “I can assure that Saudi Arabia will not…

Supermajors Are Flocking To This Booming Oil Frontier

Jun 30, 2020 at 17:00 | Charles Kennedy

Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic - of offshore Guyana fame…

Big Oil’s Nightmare Is Coming True

Jun 30, 2020 at 16:45 | Nick Cunningham

Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as…

Lithium Prices Are Set To Rally

Jun 30, 2020 at 15:00 | Irina Slav

Lithium used to be a frequent headline-hogger when the EV revolution first began, with all sorts of analysts expecting the metal’s price to skyrocket as the world wanted…

Oil Markets On Edge As Second Wave Hits

Jun 30, 2020 at 12:28 | Josh Owens

Oil is in the midst of a tug-of-war, with accelerating COVID-19 transmissions and a recovery in demand pulling prices in all directions. (Click to…

Aramco CEO Says The Worst Is Over For Oil

Jun 30, 2020 at 12:27 | Tsvetana Paraskova

The worst in the oil market is over, Amin Nasser, president and CEO of the world’s biggest oil company, Saudi Aramco, says, adding that he is “very optimistic” for the…

Why The World’s Central Banks Aren’t Fully Sold On Renewables

Jun 30, 2020 at 11:07 | Alex Kimani

With the global economy reeling, millions of jobs permanently destroyed, and more than half a million people dead, it’s hard to find anything positive…

Alberta Lays Out Plan To Recover From Oil Price Collapse

Jun 30, 2020 at 10:27 | Irina Slav

Alberta's Conservative government is taking steps to jumpstart an economic recovery with a blueprint it released yesterday, which involves billions in infrastructure investment and a tax cut, among other measures. Under…

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