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Article Archive | Page 700

Canada Prepares Multi-Billion Dollar Bailout For Its Oil Industry

Mar 20, 2020 at 10:02

The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could announce it as soon as next week, the Globe…

The Inevitable Outcome Of The Oil Price War

Mar 19, 2020 at 18:20

One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices…

Saudi ‘Shock And Awe’ Is Crushing Shale Drillers

Mar 19, 2020 at 18:02

WTI dropped into the low $20s on Wednesday, and the near-term outlook is grim. Oil lobbyists have pushed Congress for help, and a group of Republican Senators

The Lesson U.S. Shale Refuses To Learn

Mar 19, 2020 at 18:00

It feels like 2014 for the oil industry all over again, except this time, things could get even worse.  Most U.S. shale wells have a breakeven…

Will Putin Risky Oil Gamble Pay Off?

Mar 19, 2020 at 16:44

Every gambler knows That the secret to survivin’ Is knowing what to throw away And knowing what to keep ‘Cause…

U.S. Oil Industry Could End Up Losing More Than 200,000 Jobs

Mar 19, 2020 at 14:06

With West Texas Intermediate below $30 a barrel and Saudi Arabia’s plans to keep pumping as much as it can for as long as it…

Oil Crash Could Destroy Global Biofuels Market

Mar 19, 2020 at 13:32

This month’s unprecedented oil crash has sent shockwaves through the entire energy industry and beyond. It’s even gotten to industries that, in theory should be dancing on oil’s…

How 'Smart Water' Could Revolutionize Shale

Mar 19, 2020 at 12:46

Conventional wisdom dictates that water and oil do not mix--at least for those of us who are not MIT engineers. But a new…

WTI Rallies 24% In Panic Stricken Markets

Mar 19, 2020 at 12:45

Oil prices may still be trading down by double digits from the start of the year, but WTI rallied on Thursday for what is probably its best day ever, increasing…

How Chevron Could Win Big On “The Worst Oil Deal Ever”

Mar 19, 2020 at 11:09

Last week someone commented to me that Chevron could now buy Occidental Petroleum cheaper than it offered to acquire Anadarko. There is an element of truth to the statement, but…

The New Saudi Plan To Send Oil Prices Lower

Mar 19, 2020 at 11:03

Saudi Arabia continues to signal to the market that it is not backing down from the oil price war despite the crumbling oil prices amid coronavirus-hit demand and promises of…

Oil Could Crash To $10 As World Runs Out Of Storage

Mar 19, 2020 at 10:24

The growing supply glut in oil markets could end up filling all storage tanks worldwide, potentially causing prices to drop even further Global oil storage could overflow in the coming…

April Could Be Worst Month Ever For Oil

Mar 18, 2020 at 18:24

Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts. The millions of barrels of additional supply promised…

Russia Needs Higher Oil Prices, But Won't Surrender

Mar 18, 2020 at 16:48

With WTI crude seeing its third-worst trading day on record, Russia is beginning to feel the squeeze as it sees its oil and gas income tumble while it…

Is Green Hydrogen The Future Of Energy Storage?

Mar 18, 2020 at 16:48

The United States and China are in a race to the top of the energy storage game. Last year, the energy storage industry exploded in China, with Wood…

Coronavirus Could Derail The Electric Vehicle Revolution

Mar 18, 2020 at 16:39

In just one month, the coronavirus outbreak blew out to a full-on pandemic, threatening to tip the global economy into recession and affecting every country, industry, and supply chain.  …

Have These High-Reward Oil Plays Become Too Risky?

Mar 18, 2020 at 14:41

Pipeline Master Limited Partnerships, (MLPs) were once the darlings of the energy industry. The CEO’s of companies like Kinder Morgan, (NYSE:KMI), Energy Transfer, (NYSE:ET), and Enterprise Products Partners,…

Russia Sees Oil & Gas Income Fall By Almost $40 Billion

Mar 18, 2020 at 13:14

Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Anton Siluanov said on…

Coronavirus Is Wiping Out Billions In Clean Energy Investments

Mar 18, 2020 at 11:32

Deep in the throes of a deadly pandemic, nations everywhere are grappling with the grim reality of a global community on lockdown. Travel bans and…

Saudi Arabia Doubles Down On Production As Prices Crash

Mar 18, 2020 at 11:28

Saudi Arabia will continue to supply a record 12.3 million barrels per day (bpd) to the oil market in the coming months, as per order from the energy ministry, the…

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