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Energy / Energy-General

Oil Sees Worst Month Since March

Oct 30, 2020 at 13:49 | Tom Kool

Oil prices have hit a 5-month low as COVID cases climb, new lockdowns are put in place and reports emerge that OPEC may not maintain its production cut in 2021.

Oil Markets Tumble On New Lockdown Measures

Oct 30, 2020 at 12:25 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are edging lower on Friday as traders try to consolidate prices after another week and month of losses. The current price action indicates…

China And India Drive Oil Demand Recovery

Oct 30, 2020 at 12:24 | Editorial Dept

1. Shell reports small profit - Royal Dutch Shell (NYSE: RDS.A) reported a small $177…

A Glimmer Of Hope For Texas Oil & Gas Jobs

Oct 30, 2020 at 12:22 | Editorial Dept

COVID Market Update • The Texas Oil and Gas Association said this week that the state had managed to add 700 oil and gas exploration jobs in September. This would…

How Will Energy Markets React To The Election Outcome?

Oct 30, 2020 at 12:20 | Editorial Dept

Just in case you have been fortunate enough to have avoided all reference to it up until now, I should point out that there will be an election in America…

The OPEC Deal Is Under Threat

Oct 30, 2020 at 12:19 | Editorial Dept

As Phase 3 of COVID rages globally, the UAE, Kuwait, and Iraq are uncertain about extending OPEC oil production cuts into 2021, which means that come November, the OPEC deal…

Iraq To Back Any OPEC+ Oil Production Decision

Oct 30, 2020 at 12:08 | Tsvetana Paraskova

OPEC’s second-largest oil producer, Iraq, will support any unanimous decision that the OPEC+ group makes regarding the alliance’s future oil production policy, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael

Could Fracking Help Save Colombia’s Oil Dependent Economy?

Oct 29, 2020 at 14:06 | Matthew Smith

For almost a decade the Andean country of Colombia has been battling to significantly boost its low proven petroleum reserves and lengthen the production life of its economically…

The New Energy Reality Is A Massive Opportunity For Investors

Oct 29, 2020 at 14:02 | Haley Zaremba

Since the very beginning of the novel coronavirus pandemic, it was clear that coronavirus would have a severe and lasting impact on the energy industry. At first, as…

Tesla Is On Track To Deliver 1 Million EVs In 2021

Oct 29, 2020 at 13:56 | Alex Kimani

At a time when oil prices remain stuck in limbo, Tesla Inc. (NASDAQ:TSLA) has continued to defy bearish expectations that low oil prices would put a…

China Believes Natural Gas Demand Will Soar

Oct 29, 2020 at 13:36 | Vanand Meliksetian

The Chinese economy has been the single largest contributor to global growth over the past several decades. Fossil fuel producers around the world closely watch Beijing, as the…

Will A Fracking Boom Ever Happen In Mexico?

Oct 29, 2020 at 13:08 | Haley Zaremba

Mexico is sitting on top of the sixth biggest collective shale reserve in the entire world. At an estimated total of 545 trillion cubic feet

Canada’s Oil Crisis Continues As Majors Report More Losses

Oct 29, 2020 at 12:42 | Michael Kern

Canada’s largest oil companies continue to post quarterly losses this year as low crude oil prices and low refining margins hit earnings.   On Wednesday Suncor Energy reported its…

OPEC Members Rebel Over Production Cut Extension

Oct 29, 2020 at 12:00 | Tsvetana Paraskova

While the oil market speculates on whether or not OPEC+ will ease its production cuts in January amid sluggish demand, rumors emerged on Thursday that the three biggest OPEC producers…

Oil Plunges To $35 As Lockdowns Return

Oct 29, 2020 at 09:50 | Tsvetana Paraskova

Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel, as major economies in Europe renewed…

Is Brazil’s Oil Boom Immune To COVID?

Oct 28, 2020 at 17:55 | Matthew Smith

An ongoing global supply glut and the COVID-19 pandemic have had a profound impact on the price of crude oil. Despite recovering after the March 2020 oil price…

The Green Hydrogen Problem That No One Is Talking About

Oct 28, 2020 at 16:49 | Irina Slav

Gigawatt upon gigawatt of green hydrogen capacity is being planned across Europe, Asia, and Australia. According to proponents of the technology, green hydrogen - the kind produced through…

The U.S. Army Doubles Down On Battery Technology

Oct 28, 2020 at 16:05 | Tsvetana Paraskova

The U.S. Army is expanding research efforts to solve the current challenges to battery technologies and drive advancements in battery science and energy storage that will become increasingly…

The Car Giants That Knew About Climate Change 50 Years Ago

Oct 28, 2020 at 12:21 | Irina Slav

General Motors and Ford have known about the effect burning fossil fuels has on climate for 50 years, a report from E&E News has revealed. And not just…

Saudi Aramco: Oil Demand Too Weak To Ease OPEC+ Output Cuts

Oct 28, 2020 at 12:01 | Tsvetana Paraskova

Global demand currently is not supportive for OPEC+ easing the oil production cuts on January 2021, Ibrahim Al-Buainain, president and chief executive of Aramco Trading, told Gulf Intelligence on…

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