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Legacy Automakers See Massive Spike In Sales

Legacy Automakers See Massive Spike In Sales

Bouncing back from 2020’s COVID-19…

Energy / Energy-General

Saudi Oil Minister: OPEC+ Strategy Is Not Set In Stone

Apr 09, 2021 at 09:03 | Irina Slav

Days after OPEC+ greed to gradually ramp up production, adding some 2 million bpd to global supply by July, the Saudi energy minister, Prince Abdulaziz bin Salman has…

Smart Money Is Betting On A Helium Boom

Apr 08, 2021 at 20:11 | Alex Kimani

Two years ago, three pre-eminent materials scientists, John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino, were awarded the 2019 Nobel Prize in Chemistry

Biden’s Gold Boom: Why the Yellow Metal Could Fly in 2021

Apr 08, 2021 at 20:00 | Leonid Agapov

Gold mania used to just live on Wall Street. Now it lives on Main Street, and a Biden Administration promises to add multiple fast lanes, paving the way for the…

Will Vision 2030 Impact Saudi Arabia’s OPEC Strategy?

Apr 08, 2021 at 16:38 | Cyril Widdershoven

OPEC’s leader Saudi Arabia is feeling the heat of its own success at present. By again stabilizing the markets, global oil prices have increased substantially but the pressure…

Mexico Refinery Explosion Leaves Seven Injured

Apr 08, 2021 at 15:15 | ZeroHedge

A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters. …

Big Oil Set To Return To Profit In 2021

Apr 08, 2021 at 13:18 | Felicity Bradstock

Vitol, Shell and Exxon are all expected to announce profits in Q1 2021 following a turbulent 2020. The three companies are profiting from increased oil demand and a…

Investors Rush To Oil Stocks Despite ESG Push

Apr 08, 2021 at 12:56 | Irina Slav

Oil and gas companies have been in the crosshairs of public outrage for years now and the pressure has only been growing, with a new emerging breed of investors pressuring…

Ecuador's Oil Industry Desperately Needs A Miracle

Apr 08, 2021 at 12:19 | Matthew Smith

Over the last decade it has been a wild ride for Ecuador’s trouble-plagued but economically crucial oil industry. Former president Rafael Correa’s heavy-handed policies, centered around oil nationalism…

Oil Slips As COVID Resurgence Threatens Demand Recovery

Apr 08, 2021 at 11:01 | Tsvetana Paraskova

Oil prices dropped early on Thursday, following a record number of new daily COVID cases in major oil consumer India and a jump in U.S. gasoline stocks estimated by the…

GM Shares Secrets About Its New Revolutionary Battery Tech

Apr 08, 2021 at 10:05 | Irina Slav

GM shed some light on its EV tech research to produce much cheaper EV batteries, which will be key for its EV transformation. The automaker is experimenting with different types…

The U.S.-China Trade War Isn’t Over Yet

Apr 07, 2021 at 17:51 | Alex Kimani

When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part…

What Caused The Saudi-India Oil Rift?

Apr 07, 2021 at 17:40 | Irina Slav

A match has been going on in global oil, which has stayed largely out of the spotlight as the world focuses on the pandemic and its effect on…

EIA Increasingly Optimistic About Oil Demand Growth

Apr 07, 2021 at 14:35 | Tsvetana Paraskova

A stronger global economy this year is set to accelerate oil demand growth to 5.5 million barrels per day (bpd), the U.S. Energy Information Administration (EIA)

Tim Cook Finally Opens Up About The Much-Hyped Apple Car

Apr 07, 2021 at 14:33 | Haley Zaremba

After the novel coronavirus tore through communities worldwide and left a path of economic and public health devastation in its wake, many sectors are still struggling to recover.…

The Oil Industry Receives An Unexpected Boost From Biden

Apr 07, 2021 at 13:51 | Haley Zaremba

The election of President Joe Biden has been the cause of much hand-wringing in the United States oil and gas sector. The current…

Mining Giant Rio Tinto Starts Lithium Production In The U.S.

Apr 07, 2021 at 13:08 | MINING.com

Rio Tinto (ASX, LON, NYSE: RIO) has kicked off lithium production…

OPEC+ Was Wise To Ease Output Cuts Despite Demand Concerns

Apr 07, 2021 at 12:11 | Yousef Alshammari

Oil prices are pulling back this week as concerns about the rising number of COVID-19 cases and imposed lockdown measures in Europe and many other countries around the…

Should U.S. Oil Drillers Be Worried About Carbon Taxes?

Apr 06, 2021 at 16:02 | Tsvetana Paraskova

As governments are looking to put a price on carbon or raise current carbon taxes, the oil and gas industry globally is bracing for the impact of those levies on…

Russia Slashes 2021-2022 Oil Production Forecasts

Apr 06, 2021 at 13:04 | Tsvetana Paraskova

Russia is slashing its estimates for domestic crude oil, gas, and coal production for 2021 and 2022, according to the latest amendments in the government’s program for energy development.…

Demand Concerns Continue To Plague Oil Markets

Apr 06, 2021 at 12:56 | Josh Owens

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