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Fossil Fuel Companies Face Mounting Legal Challenges

Fossil Fuel Companies Face Mounting Legal Challenges

Lawsuits against big oil companies…

Energy / Energy-General

Saudi Energy Minister: Insufficient Investment To Blame For High Fuel Prices

May 09, 2022 at 08:40 | Tsvetana Paraskova

Not enough investment in global refining capacity is one of the key drivers of the global rally in gasoline, diesel, and jet fuel prices, according to Saudi Arabia’s…

U.S. Shale Swings From Losses To Record Cash Flows

May 06, 2022 at 12:38 | Tsvetana Paraskova

After years of plowing money into boosting production and thus depressing oil prices, the U.S. shale patch emerged from the pandemic-inflicted slump with unwavering capital discipline which, combined…

Oil Is Here To Stay, But We Can Reduce Its Emissions

May 06, 2022 at 12:32 | Felicity Bradstock

Low-carbon oil seems pivotal to the future of fossil fuel production as it becomes clear that the world is still highly dependent on crude. Working to fill the…

Europe Sees Huge Hydrogen Opportunity In Asia

May 06, 2022 at 12:27 | Felicity Bradstock

Hot on the tail of Europe, which has expanded its green hydrogen production over the last year, Asia is developing its hydrogen industry to become a major producer…

Colombia’s Shale Boom Might Be Over Before It Even Started

May 06, 2022 at 12:18 | Matthew Smith

The controversial crude oil extraction technique hydraulic fracturing, known as fracking, has long been touted as a solution to Colombia’s rapidly dwindling petroleum reserves. The strife-torn Latin American…

Orban: Russian Oil Ban Is Like Nuclear Bomb On Hungarian Economy

May 06, 2022 at 12:12 | ZeroHedge

Hungary's Prime Minister Viktor Orbán has again loudly expressed his country's firm rejection of the proposed EU ban on the import of all Russian oil currently being mulled…

China’s Biggest Refiner Has No Plans To Scoop Up Cheap Russian Oil

May 06, 2022 at 12:09 | Charles Kennedy

State-owned PetroChina will not buy up heavily discounted Russian oil and gas, China’s biggest oil and gas refiner said Friday.  Chief Financial Officer Chai Shouping told…

Oil Prices Underpinned By Supply Jitters

May 06, 2022 at 12:07 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are up over 3% for the week with most of the gains attributed to the European Commission’s decision to place an embargo on…

The Slow Rebound Of Upstream Oil Investment

May 06, 2022 at 12:06 | Editorial Dept

1. Disregarding Supply Shocks, OPEC+ Sticks to Conservative PolicyOPEC+ approved another 432,000 b/d increase in…

Is Now The Time For The NOPEC Bill?

May 06, 2022 at 12:04 | Editorial Dept

Politics, Geopolitics & Conflict NOPEC legislation is a dangerous provocation. Passed by a Senate panel on Thursday after being bandied about for some 20 years and rejected time and again,…

Can The Energy Sector Continue To Outperform?

May 06, 2022 at 12:02 | Editorial Dept

Until recently, revealing to people that I wrote about and traded in the energy sector invariably provoked the same response. Their jaws would drop, and they would look at me…

A Worrying Deadline For Russia's War

May 06, 2022 at 12:00 | Editorial Dept

Russia-Ukraine War Briefing Next Monday, May 9th, is Victory Day in Russia - cause for a great amount of speculation (and fear) as to what Putin wants to…

Oil Markets Are Bracing For Further Supply Disruptions

May 06, 2022 at 10:56 | Josh Owens

Oil markets are once again on edge about potential supply disruptions. The continued efforts by the EU to ban Russian oil imports and the renewed efforts by the U.S. Senate…

U.S. Senate Passes NOPEC Antitrust Bill

May 05, 2022 at 11:35 | Charles Kennedy

The U.S. Senate Judiciary Committee has approved the No Oil Producing and Exporting Cartels Act (NOPEC) bill, Reuters reports, paving the way–if signed…

Oilfield Services Are Set For Years Of Profits

May 05, 2022 at 10:52 | Tsvetana Paraskova

Oilfield services providers are confident that a prolonged upcycle will keep them very busy in coming years as the U.S. shale patch returns to growth and international drilling…

Russia’s War On Ukraine Is Devastating Africa’s Economy

May 05, 2022 at 09:28 | Alex Kimani

Crude prices jumped on Wednesday after the European Union proposed a ban on oil imports from Russia and also proposed removing the country's…

How Russia’s Gas-For-Rubles Scheme Is Helping Lift Armenia’s Currency

May 05, 2022 at 09:17 | Eurasianet

As Russia’s invasion of Ukraine has upended economies around the region, Armenia’s currency has sharply gained in value.  After…

Jamie Dimon: “The Cold War Is Back” And Commodity Turmoil Could Get “Much Worse”

May 05, 2022 at 09:14 | ZeroHedge

Like the old saying goes: Hindsight is 20/20. That's especially true for financial markets and the Federal Reserve. So, while investors wait to see whether the Fed will…

Bearish News Is Quietly Piling Up In Metal Markets

May 04, 2022 at 16:47 | Metal Miner

Following a strongly inflationary metal environment in Q1, Q2 2022 is looking like a whole different ballgame. Indeed, it’s no secret that the global economy is currently facing…

3 Impressive Lithium Stocks Flying Under Wall Street’s Radar

May 04, 2022 at 14:10 | Alex Kimani

Over the past few months, oil and commodity markets have been taking out fresh highs after the shuttering of Ukrainian ports, sanctions against Russia, and disruption in Libyan…

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