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Tesla Prepares Massive Retail Expansion Worldwide

Tesla Prepares Massive Retail Expansion Worldwide

Tesla looks to significantly expand…

Energy

Cobalt Price Squeeze Could Derail The EV Boom

Aug 06, 2020 at 17:00 | Alex Kimani

Electric vehicle investors and enthusiasts tend to obsess about a single metric--EV sales--when trying to gauge the pace of global electrification. However, they tend to ignore another equally…

Big Oil’s Most Profitable Business Is No Longer Oil

Aug 06, 2020 at 16:04 | Haley Zaremba

It’s been a rough year for oil, to say that least. And the worst isn’t over yet. Even though oil demand, and therefore oil prices, have been slowly…

Will Low Prices Save Long-Term Oil Demand?

Aug 06, 2020 at 14:59 | Tsvetana Paraskova

It has already become crystal clear to analysts and the oil industry that global oil demand will not recover to pre-pandemic levels next year.  Some forecasters…

U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia

Aug 06, 2020 at 13:52 | Charles Kennedy

The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since…

Demand For Offshore Oil Rigs To Return In 2022

Aug 06, 2020 at 12:54 | Tsvetana Paraskova

Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activities, but the…

Leaked: China Quietly Helped Saudi Arabia Build A Secret Nuclear Site

Aug 06, 2020 at 12:09 | ZeroHedge

When it comes to America's allies in the Middle East, Washington has long "looked the other way" while they recklessly pursue questionable weapons technology. Think Pakistan's nuclear program at a…

Iraq Promises Major Oil Output Cuts To Offset Poor Compliance

Aug 06, 2020 at 11:00 | Tsvetana Paraskova

OPEC’s second-largest producer, Iraq, is promising additional cuts of around 400,000 barrels per day (bpd) this month in order to compensate for the lack of compliance with the OPEC+ agreement…

U.S. Companies Eye Venezuelan Oil Tankers As Debt Payment

Aug 06, 2020 at 09:55 | Charles Kennedy

O-I Glass Inc, a glass manufacturer, is trying to seize a Venezuelan oil tanker as part of efforts to secure the $500 million in arbitration compensation granted it by a…

Rig Count In Cowboy State Falls To Zero

Aug 06, 2020 at 09:09 | Irina Slav

The last active drilling rig in Wyoming was idled yesterday, leaving the state with no operating rigs for only the second time in its oil and gas history. The AP…

China Is Using The Pandemic As An Excuse To Not Buy U.S. Energy

Aug 05, 2020 at 17:33 | Alex Kimani

Back in June, we reported that China had begun ramping up imports of U.S. LNG ostensibly in a bid to fulfill the January trade agreement with Washington and possibly…

Is Natural Gas Still The Fuel Of The Future?

Aug 05, 2020 at 17:03 | Irina Slav

BP now says it will reduce its oil and gas production by 40 percent by 2030 as part of its pivot to low-carbon operations. But many will wonder…

Argentina Scrambles To Salvage Its Shale Boom

Aug 05, 2020 at 15:36 | Matthew Smith

Only two years ago analysts were hailing Argentina’s emerging shale oil boom, which many believed would be the next major petroleum frontier in Latin America. The vast Vaca…

Russia’s Largest Coal Mine Gets Unexpected New Owner

Aug 05, 2020 at 14:50 | Viktor Katona

It might not be a secret to anyone that Russia’s coal industry has been pivoting towards Asia – domestic utilization of the country’s vast coal reserves is stagnant…

Natural Gas Has Replaced Over 100 U.S. Coal Plants In The Last Decade

Aug 05, 2020 at 13:49 | Tsvetana Paraskova

A total of 103 coal-fired power plants were converted to natural gas or replaced by natural gas-fired plants in the United States since 2011, the Energy Information Administration (EIA)

China’s Crude Oil Imports Drop From Record Highs

Aug 05, 2020 at 13:01 | Tsvetana Paraskova

China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019, data…

How COVID Could Clean Up Airline Emissions

Aug 05, 2020 at 12:04 | Alex Kimani

It’s been nearly 12.5 years since Virgin Atlantic flew a Boeing 747 between London and Amsterdam partly powered by a biofuel made from…

Venezuela’s Rig Count Officially Falls To Zero

Aug 05, 2020 at 10:55 | Tsvetana Paraskova

Venezuela no longer has any operational oil rigs after the last oilfield services firm that was still drilling for oil in the country holding the world’s largest crude oil reserves…

Oil Prices Soar After EIA Reports Large Crude Draw

Aug 05, 2020 at 09:49 | Irina Slav

A week after it reported the heftiest crude oil draw in more than six months, the Energy Information Administration once again had good news for oil bulls: the authority

East Coast Oil Refiners At Risk As Tropical Storm Isaias Approaches

Aug 05, 2020 at 09:03 | Charles Kennedy

Tropical storm Isaias is threatening critical oil infrastructure along the U.S. East Coast as it barrels towards the Northeast, Bloomberg reports, noting that the risk has pushed up regional…

Oil Rallies Despite String Of Bearish News

Aug 04, 2020 at 17:49 | Irina Slav

On Monday, OPEC’s relaxation of its historic production cuts began—and oil prices responded by falling as the market braced for more oil. Monday morning’s price slide…

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