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Oil Prices Gain 2% on Tightening Supply

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India Launches Biggest Its Biggest Ever Oil Tender

India Launches Biggest Its Biggest Ever Oil Tender

Dec 20, 2021 at 09:08 | Charles Kennedy

India launched a tender for 75 oil and gas blocks—the biggest oil and gas tender in the history of its industry. The tender is for so-called discovered small fields, or…

Lukoil: Here's How Oil Could Hit $380 Per Barrel In 2050

Lukoil: Here's How Oil Could Hit $380 Per Barrel In 2050

Dec 17, 2021 at 17:19 | Tsvetana Paraskova

Oil prices are set to exceed $100 per barrel in all three scenarios for global energy developments through 2050, with inflation and carbon prices potentially sending oil to $380 a…

Russian Lawmaker: Nord Stream 2 Could Become Operational Next Month

Russian Lawmaker: Nord Stream 2 Could Become Operational Next Month

Dec 17, 2021 at 13:00 | Tsvetana Paraskova

The Russia-led Nord Stream 2 pipeline could start shipping natural gas to Germany as early as next month, as Europe would not want to drag its feet with the certification…

France Closes Two Nuclear Plants After Finding Cracks In The Infrastructure

France Closes Two Nuclear Plants After Finding Cracks In The Infrastructure

Dec 17, 2021 at 10:58 | ZeroHedge

Électricité de France S.A., commonly known as EDF, a French electric utility company primarily owned by the state, shuttered two nuclear power plants after routine safety inspections found…

Chinese Teapot Refineries Ramp Up Oil Imports From Iran

Chinese Teapot Refineries Ramp Up Oil Imports From Iran

Dec 17, 2021 at 10:13 | Irina Slav

Independent Chinese refineries increased its crude oil imports from Iran last month as the government issued a new batch of import quotas. Total crude imports were up by almost 40…

Big Oil Bids For Brazilian Oil Blocks

Big Oil Bids For Brazilian Oil Blocks

Dec 17, 2021 at 09:13 | Charles Kennedy

Big Oil majors will bid for two exploration blocks in Brazil's prolific pre-salt zone today, with the eleven competitors including Exxon and Shell, as well as Brazilian companies. This will…

Oil Prices Rise On Record U.S. Oil Demand

Oil Prices Rise On Record U.S. Oil Demand

Dec 16, 2021 at 15:44 | Julianne Geiger

The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights. U.S. implied petroleum…

U.S. Gasoline Prices Continue To Fall Ahead Of Christmas

U.S. Gasoline Prices Continue To Fall Ahead Of Christmas

Dec 16, 2021 at 15:37 | Tsvetana Paraskova

U.S. gasoline prices have dropped by $0.10 since Thanksgiving and are set to fall further until Christmas, although the holiday prices could be close to the highest Christmas gasoline prices…

Texas Weighs Electricity Market Reforms To Avoid Blackouts

Texas Weighs Electricity Market Reforms To Avoid Blackouts

Dec 16, 2021 at 15:00 | Charles Kennedy

The Public Utility Commission of Texas is discussing major reforms to the state’s electricity market with the purpose to avoid a repeat of the power failures and blackouts in February…

Europe’s Energy Crisis Just Got Worse

Europe’s Energy Crisis Just Got Worse

Dec 16, 2021 at 13:29 | Tsvetana Paraskova

On top of an ongoing natural gas crunch, Europe faces the winter season with reduced nuclear output in France, exacerbating the energy crisis and leaving large parts of the continent…

Tesla Looks To Silence Critics In China

Tesla Looks To Silence Critics In China

Dec 16, 2021 at 11:13 | ZeroHedge

It looks as though Tesla is leaning on China's judicial system to try and hamper complaints about its brand and bad press in the country.  Tesla…

Germany Pushes Back Nord Stream 2 Decision To July

Germany Pushes Back Nord Stream 2 Decision To July

Dec 16, 2021 at 09:52 | Tsvetana Paraskova

The German regulator reviewing the certification of the Nord Stream 2 gas pipeline will not make a decision before July 2022, the president of the regulator said on Thursday, in…

Warren Wants Big Oil Executive Pay Investigated

Warren Wants Big Oil Executive Pay Investigated

Dec 16, 2021 at 08:56 | Irina Slav

Senator Elizabeth Warren has asked the Securities and Exchange Commission to launch an investigation into the remuneration of executives at several oil companies, including Marathon Petroleum, Chevron, and Occidental Petroleum.…

The Oil Tycoon Creating An Energy Institute For The Next Generation

The Oil Tycoon Creating An Energy Institute For The Next Generation

Dec 15, 2021 at 17:29 | Julianne Geiger

Oil and gas industry tycoon Harold Hamm has a dream. In that dream, the Harold Hamm Foundation and Continental Resources Inc. (NYSE: CLR), donate $50 million to Oklahoma State University…

Oil And Gas Industry To Spend $15 Billion On A Tech Transformation

Oil And Gas Industry To Spend $15 Billion On A Tech Transformation

Dec 15, 2021 at 14:28 | Michael Kern

The oil and gas industry is set to spend $15.6 billion on digital transformation by the end of this decade to enhance cybersecurity, maintain safe operations, and create sustainable performance,…

Moody's: Higher Costs Could Cap Oil Company Earnings

Moody's: Higher Costs Could Cap Oil Company Earnings

Dec 15, 2021 at 14:22 | Tsvetana Paraskova

Oil prices are likely to stay higher than $60 per barrel over the medium term, Moody’s said on Wednesday, as reported by LiveSquawk. According to the credit rating agency,…

The UK Is Slashing EV Grants Once Again

The UK Is Slashing EV Grants Once Again

Dec 15, 2021 at 13:25 | Tsvetana Paraskova

For the second time this year, the UK is slashing the grants available to buyers of electric vehicles (EVs) as it looks to curb spending and targets less expensive models.…

China’s Oil Imports Are Set To Slow In Q1

China’s Oil Imports Are Set To Slow In Q1

Dec 15, 2021 at 13:18 | Tsvetana Paraskova

A combination of China’s policies to curb pollution in time for the Winter Olympics, its crackdown on illegal practices at independent refiners, and its zero-COVID policy with intermittent lockdowns are…

Gazprom’s Export Growth Slows As Europe’s Energy Crisis Worsens

Gazprom’s Export Growth Slows As Europe’s Energy Crisis Worsens

Dec 15, 2021 at 11:06 | City A.M

The pace of Gazprom’s natural gas exports’ growth to Europe has slowed in recent months to just under five percent, according to data published by the Kremlin-backed gas…

The EU Unveils A New Plan To Curb Methane Emissions

The EU Unveils A New Plan To Curb Methane Emissions

Dec 15, 2021 at 10:19 | Charles Kennedy

The European Commission unveiled on Wednesday proposals to curb methane emissions and reduce leaks in the energy sector in the European Union (EU) as part of efforts to put…

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