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Big Tech Still Loves The Oil Business

Big Tech Still Loves The Oil Business

Several big tech companies have…

Citi Bank Sees $60 Oil In 2021

Citi Bank Sees $60 Oil In 2021

Oil prices are set to…

Energy

Shell May Cut Upstream Oil Operations By 40%

Sep 21, 2020 at 13:01 | Tsvetana Paraskova

Oil and gas supermajor Shell is looking to slash as much as 40 percent of its upstream oil and gas operations as it is redesigning its business toward a greener…

The Two Crucial Factors For Global Oil Demand Recovery

Sep 21, 2020 at 11:59 | Yousef Alshammari

Market sentiment has been generally bullish over the last week supported by (i) supply disruption caused by Hurricane Sally in the Gulf of Mexico (ii) a draw in commercial crude…

Natural Gas Prices Plunge On Souring Demand, LNG Exports

Sep 21, 2020 at 10:48 | Julianne Geiger

Natural gas prices plunged on Monday by more than ten percent as the outlook for demand and LNG exports worsened as multiple Hurricanes caused disruptions in the U.S. Gulf of…

Gulf Of Mexico Oil Drillers Evacuate As Another Storm Approaches

Sep 21, 2020 at 09:56 | Tsvetana Paraskova

Oil producers in the western Gulf of Mexico are bracing for yet another storm this week as Tropical Storm Beta is moving toward west and northwest, threatening storm conditions along…

Oil Prices Slide As Libya Restarts Production

Sep 21, 2020 at 09:09 | Irina Slav

Libya’s National Oil Corporation will restart production from certain fields and some exports of crude oil, the company said, as quoted by local media, adding that it will only…

High Diesel Inventories Weigh On Oil Markets

Sep 20, 2020 at 09:54 | Tsvetana Paraskova

While most of the market’s attention has been focused on how fast gasoline demand will recover, lower economic and manufacturing activity in all regions of the world has…

LNG Powered Shipping Fleet Could Double This Decade

Sep 18, 2020 at 17:36 | Irina Slav

The world’s first Very Large Containership fueled by LNG left the shipyard of Hyundai Samho Heavy Industries earlier this month to be delivered…

Energy Innovation Desperately Needed To Meet Climate Change Goals

Sep 18, 2020 at 17:32 | Haley Zaremba

As a worldwide community we are--and have been--at a point of no return for climate change. To date, while the world has made incremental progress toward curbing global…

The Electrification Of UK Offshore Oil & Gas

Sep 18, 2020 at 17:31 | Rystad Energy

The British government has set a goal to reach net zero emissions by 2050. Electrification of oil and gas platforms on the UK continental shelf (UKCS) should play…

Goldman Sachs Made $100 Million Off Tesla Trades This Year

Sep 18, 2020 at 17:31 | ZeroHedge

Over the past 6 months, special attention has been paid to Tesla and - more specifically - euphoric call-buying in the name that undoubtedly helped propel a gamma…

Investors Are Pulling The Plug On Argentina’s Prized Shale Play

Sep 18, 2020 at 17:30 | Haley Zaremba

Much ink has been spilled about the downfall and dubious recovery of the United States shale oil sector. The West Texas Intermediate (WTI) crude benchmark’s dramatic rock bottom…

Can Biden Decarbonize The U.S. Power Sector In 15 Years?

Sep 18, 2020 at 17:28 | Robert Rapier

Last week’s article focused on the nine key elements of Joe Biden’s plan for a Clean Energy Revolution and Environmental…

What’s Next For Gold?

Sep 18, 2020 at 17:25 | Arkadiusz Sieron

The latest FOMC statement and economic projections signal are that the interest rates will stay at zero until the end of 2023. This is excellent for gold.  On Wednesday, the…

Saudi Prince Warns Short Sellers Not To Bet Against Oil

Sep 18, 2020 at 17:16 | ZeroHedge

As the price of oil begins to falter, Saudi Arabia has stepped up its rhetoric, even going as far as to warn short sellers not to bet against…

China’s Crude Oil Imports Are Slowing Down

Sep 18, 2020 at 13:46 | Charles Kennedy

China’s imports of crude oil have been trending much lower in September than in the past four months, while the rest of Asia is also significantly slowing imports this month…

Oil Bulls Return As OPEC+ Reassures Markets

Sep 18, 2020 at 13:40 | Tom Kool

It's been a busy month for oil markets, with a build-up of bearish news sending oil prices crashing at the start of the month, only for prices to rally again…

Active Oil Rigs Fall Again As WTI Finishes Strong

Sep 18, 2020 at 12:20 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 1 to 179. The total number of active oil and gas rigs increased…

String Of Bullish News Sends Oil Rallying Above $40

Sep 18, 2020 at 11:08 | Tsvetana Paraskova

Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel.   …

WTI Rallies 10% In Bullish Week For Oil

Sep 18, 2020 at 11:03 | Editorial Dept

In spectacular fashion, crude oil traders went from discussing bearish factors such as storage containment issues to celebrating forecasts calling for supply shortages, in less than a week. U.S. West…

Has Oil Demand Peaked?

Sep 18, 2020 at 11:01 | Editorial Dept

1. BP sees oil demand already at a peak- BP (NYSE: BP) made major

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