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Oil Prices Climb Despite Crude Build

Oil Prices Climb Despite Crude Build

Oil prices rose on Wednesday…

Energy / Energy-General

The Largest Oil Lobby In America Is Now Backing A Carbon Tax

Mar 05, 2021 at 16:00 | Leonard Hyman & William Tilles

The American Petroleum Institute (API) now advocates a carbon tax? We had to read the API’s press release twice to make sure we were reading correctly. Whatever else…

U.S. Oil Rig Count Sees Tiny Increase Amid Oil Price Rally

Mar 05, 2021 at 12:17 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 1 this week. The total number of active oil and gas…

Oil Flirts With $70 After The OPEC+ Surprise

Mar 05, 2021 at 12:01 | Josh Owens

Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online.In this…

Oil Market Even Tighter As 500,000 Bpd Come Offline In Canada

Mar 05, 2021 at 08:57 | Irina Slav

Maintenance at three oil sands upgraders in Canada will take off some 500,000 bpd in production offline, helping tighten supply amid a price rally, Bloomberg reports. Canadian Natural Resources, Suncor…

Are America’s Largest Oil Companies Really Going Green?

Mar 04, 2021 at 17:41 | Alex Kimani

The oil markets are once again in an upbeat mood, with crude prices shooting up 5% on Wednesday after reports emerged that OPEC+ producers rolled over production cuts…

5 Blockchain Startups Disrupting The Energy Sector

Mar 04, 2021 at 16:52 | Alex Kimani

Despite its enormous potential to transform the global energy sector, blockchain technology has largely remained confined to the financial sector, with the energy industry consistently catalyzed by innovations in sub-sectors…

Clean Energy Investing Is Becoming A Bubble

Mar 04, 2021 at 14:58 | Irina Slav

Remember when EV and hydrogen truck maker Nikola listed last year? The stock soared in the first months of trading, only to slump heavily just a few months later after…

Gigafactory Demand Leads To Price Explosion In Battery-Grade Lithium

Mar 04, 2021 at 13:26 | MINING.com

Domestic Chinese battery-grade lithium carbonate prices assessed by Benchmark Mineral Intelligence are…

America's Largest ESG Fund Has No Direct Renewable Holdings

Mar 04, 2021 at 13:08 | ZeroHedge

Environmental, Social and Governance (ESG) - often referred to as 'Socially Responsible Investing' (SRI) or 'Sustainable Investing' (SI) - account for roughly 33% of total US assets under management, largely due…

EV Startup Launches Battery-Replacement Charging Network

Mar 04, 2021 at 10:04 | Charles Kennedy

A California-based startup has revealed an EV charging network where drivers will only need to spend 10 minutes to get fully charged battery, Business Insider reports. The company, Ample,…

Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd

Mar 04, 2021 at 08:09 | Irina Slav

Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, the Wall Street Journal reported on Thursday, citing sources familiar with the…

The $1 Trillion Electric Vehicle Boom Is Just Getting Started

Mar 03, 2021 at 19:07 | Jozef Dvorak

In 1894, chemist Pedro Salom probably never imagined he’d start what could soon become a $912 billion industry. His creation the Electrobat was unlike anything others had seen…

The U.S. Grid Isn’t Ready For A Major Shift To Renewables

Mar 03, 2021 at 14:34 | Irina Slav

The blame game for the massive power outages in Texas last month continues. The dominant argument is that renewables had an ignorable part to play in the crisis, with natural…

Debt Stricken Mexican Oil Major Pemex Scrambles To Boost Production

Mar 03, 2021 at 13:43 | Felicity Bradstock

After decreasing production to match lower demand in 2020, Mexico plans to boost oil exports  in 2021 as worldwide demand gradually increases once again. OPEC members…

Wall Streets Sees 2,000% Growth For Booming EV Market

Mar 03, 2021 at 12:06 | Alex Kimani

To say that 2020 was an unusual year in markets would be a vast understatement. The last year not only went on record for the quickest and deepest bear market…

Bloomberg’s Hottest Energy Picks For 2021

Mar 02, 2021 at 14:21 | Felicity Bradstock

Bloomberg Intelligence has announced its 50 companies to watch 2021 and several energy firms from different backgrounds and power sources made the cut.  NextEra, Repsol, Sunpower,…

Oil Markets On Edge Ahead Of OPEC+ Meeting

Mar 02, 2021 at 11:59 | Josh Owens

Investor Alert! Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to…

Everything You Need To Know About Musk’s New Passion Project

Mar 02, 2021 at 11:38 | City A.M

Elon Musk is nothing if not divisive. But if there’s one thing about the world’s richest man that people tend to agree on, it’s that he’s good at…

Middle East Producers Are Desperate For Higher Oil Prices

Mar 02, 2021 at 11:04 | Oxford Business Group

A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial…

Can Peru's Oil Industry Recover From A Disastrous 2020?

Mar 02, 2021 at 10:21 | Matthew Smith

Peru’s oil industry is in crisis, with 2020 being one of its worst years on record. It was a year marred by the…

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