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Article Archive | Page 669

Are Oil Prices Heading Back Into Negative Territory?

Apr 28, 2020 at 08:15

Oil slipped another 20 percent in early trading on Tuesday morning before paring some of its losses as the world continues to grapple with lockdown orders. The one-two punch of…

Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War

Apr 27, 2020 at 17:32

President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to…

The LNG Market Is “Imploding”

Apr 27, 2020 at 17:20

While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of U.S. liquefied natural gas…

Low Oil Prices May Kill Off The Next Nuclear Boom Before It Begins

Apr 27, 2020 at 16:33

After a decade-long bear market, uranium has suddenly turned into a raging bull in an otherwise dismal market for commodities.  Uranium prices have surged 35 percent…

Chinese Investors Burned On WTI Oil Price Crash

Apr 27, 2020 at 16:04

Last week’s collapse of WTI Crude futures to -$37 a barrel left a lot of individual investors burnt.   Well-known energy trader Pierre Andurand,…

Three Scenarios That Could Push Oil Back Above $30

Apr 27, 2020 at 14:26

Asia is home to 60 percent of the global population and is the largest consumer of total primary energy, oil, coal, and renewables. It is also the third-largest natural gas…

Canadian Drillers May Shut-In More Than 1.3 Million Bpd In Second Quarter

Apr 27, 2020 at 14:00

In light of recent guidance revisions and the wider collapse in drilling and completion activity in Western Canada, Rystad Energy now expects total 2020 Canadian upstream spending to fall below…

Saudi Arabia And Russia Fight Bitter Market Share Battle As Oil Prices Collapse

Apr 27, 2020 at 13:04

The Chinese word ‘crisis’ consists of the characters for ‘danger’ and ‘opportunity’. The unprecedented situation in global energy markets has provided traditional producers with an opportunity to displace incumbents in…

South Korea Has Run Out Of Oil Storage

Apr 27, 2020 at 11:51

South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg…

Russia Steals Chinese Oil Market Share From Saudi Arabia

Apr 27, 2020 at 11:04

China imported 31 percent more oil from Russia last month while its intake of Saudi crude slipped by 1.8 percent compared to March 2019, Reuters reported, citing calculations based on…

OPEC Sees Oil Rising To $40 In Second Half Of 2020

Apr 27, 2020 at 10:04

Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020, when oil prices “will be…

Oil Prices Crash 24% As Storage Fears Mount

Apr 27, 2020 at 07:58

Oil prices look to be facing yet another harrowing Monday, with the price of WTI sliding by more than 20 percent in early morning trading. Global oil…

Could Brent Crude Oil Prices Ever Fall Into Negative Territory?

Apr 27, 2020 at 06:35

The oil market is in freefall. The sector collapsed into pandemonium this week when the West Texas Intermediate (WTI) oil price benchmark fell below zero for this first…

Big Oil’s Dilemma: Cut Dividends Or Cut Operations

Apr 24, 2020 at 17:52

The oil majors are facing a financial vice like they never have before.  With oil prices hovering around $20 per barrel and no end in sight…

Could Low Oil Prices Spark A New War In The Middle East?

Apr 24, 2020 at 17:46

It may seem that the worst-case scenario has already come to pass, as United States crude prices plunged far below zero on Monday, with the West Texas Intermediate…

Low Oil Prices Won’t Hurt Tesla

Apr 24, 2020 at 17:25

Many times in the past, Tesla Inc. (NASDAQ:TSLA) has been labeled a 'cult stock' due to its vast investor interest despite the company's somewhat questionable or weak fundamentals.…

Is This The Most Innovative Power Company In The World?

Apr 24, 2020 at 17:18

We came to the conclusion that the future is a separate line of business when perusing the graphically flashy 2019 annual report issued by Enel S.p.A. the Rome-based…

Why The Oil Industry Can No Longer Rely On China

Apr 24, 2020 at 17:10

The global oil sector is reeling from a combination of negative oil prices, storage overload, demand destruction, and calls for a renewable energy revolution in the post-COVID-19 era.…

5 Reasons Why Mexico’s Oil Industry Is Destined For Disaster

Apr 24, 2020 at 17:07

Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020 – just when it seemed that Russia, Saudi Arabia, the…

Iran Reaches Production Milestone At World’s Largest Gas Field

Apr 24, 2020 at 17:03

Reaching natural gas production of one billion cubic metres per day (Bcm/d) has been one of the three core hydrocarbons resource strategies of Iran since the Islamic Republic…

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