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Energy / Energy-General

A Terrible Time For OPEC+ To Resolve Differences

Jul 20, 2021 at 11:42 | Josh Owens

It seems that Saudi Arabia and the UAE could not have picked a worse time to resolve their differences, with the OPEC+ announcement coming just as Covid cases climbed and…

The Best Energy Stocks For A Volatile Summer

Jul 20, 2021 at 11:06 | Alex Kimani

Oil prices have been reeling ever since Saudi Arabia and the United Arab Emirates (UAE) reached a compromise that resolved their nearly two-week-long standoff over production levels. Under…

Why Saudi Arabia Hiked Oil Prices So Aggressively

Jul 19, 2021 at 15:56 | Gerald Jansen

The failure of the OPEC+ talks and the subsequent (albeit gradual) rapprochement of the sides coincided with Middle Eastern NOCs setting their August 2021 official selling prices. The…

Why We Can't Afford To Turn Our Backs On Fossil Fuels

Jul 19, 2021 at 11:30 | Irina Slav

When President Biden served the death blow to the Keystone XL pipeline this January, environmentalists rejoiced. Canadian oil exports to the United States, however, did not decline. What…

Everything You Need To Know About OPEC’s New Agreement

Jul 19, 2021 at 11:30 | Tsvetana Paraskova

OPEC+ agreed on Sunday exactly how the group should proceed with its oil supply management in the coming months, putting an end to a two-week stalemate over baseline…

South American Oil Under Threat As Unrest Grapples The Region

Jul 19, 2021 at 11:16 | Matthew Smith

The Arab Spring, which was a series of pro-democracy anti-government uprisings over a decade ago that swept across several largely Islamic states, triggered…

OPEC Could Double Its Control Over Oil Market

Jul 19, 2021 at 11:03 | Julianne Geiger

OPEC could double its control over the oil market, to between 70% and 80%, according to Lukoil's Vice President. OPEC will win its increased share by default, Leonid Fedun, Vice…

Coal-Based Bitcoin Mining Jumps In Kazakhstan Amid China’s Ban

Jul 16, 2021 at 16:10 | Charles Kennedy

Bitcoin mining continues to rely predominantly on electricity generated from fossil fuels despite the heightened attention to the climate toll of crypto mining. Kazakhstan, where fossil fuels make up nearly…

The Next Major Wildcard For Oil

Jul 16, 2021 at 15:38 | Alex Kimani

Oil prices have been reeling ever since OPEC+ talks collapsed due to major disagreements by its members. Major cracks appeared in the ministerial meeting with the United Arab…

The Oil Industry Is Borrowing Again, But This Time It’s Different

Jul 16, 2021 at 15:20 | Irina Slav

Two years ago, Wall Street banks were on their way out of a long-term relationship with the oil industry. Now, with oil prices over $70 for the first…

2021 Has Been A Stellar Year For Energy Investors

Jul 16, 2021 at 14:41 | Robert Rapier

The rocky times of 2020 are well behind the energy sector at this point. Last year there were many premature obituaries written for the energy sector, but it…

Mexico's Drug Cartels Are Stealing Oil Again

Jul 16, 2021 at 13:58 | Matthew Smith

Fueled by copious sums of drug money, large cartels have taken control of large swathes of Mexico and for over a decade have been challenging the…

High Oil Prices Could Fuel EV Adoption

Jul 16, 2021 at 13:46 | Felicity Bradstock

As oil prices continue to rise and global demand is bouncing back to pre-pandemic levels, people could be buying into electric vehicles (EV) as an alternative to expensive…

China’s Crypto Crackdown Sparks A Mining Exodus

Jul 16, 2021 at 13:41 | City A.M

The cryptocurrency industry in China was further hit today as Anhui province said it would close all crypto mining operations due to energy consumption concerns. The…

Georgia Pivots To Wind Despite Booming Hydro Industry

Jul 16, 2021 at 13:40 | Eurasianet

Months-long protests against the construction of the $800 million Namakhvani hydropower plant in western Georgia beg a simple question: Why bother with big…

U.S. Rig Count Rises Despite Oil Price Uncertainty

Jul 16, 2021 at 12:20 | Julianne Geiger

The number of oil and gas rigs in the United States is up 5 this week, according to Baker Hughes, with the total rig count at 484, up 231 from…

Uncertainty Has Overtaken Oil Markets Once Again

Jul 16, 2021 at 12:15 | Tom Kool

Uncertainty appears to have overtaken oil markets once again as a potential OPEC+ agreement gives hope to oil bulls while fears of weak gasoline demand in the U.S. adds downward…

Saudi Arabia And UAE To Lead OPEC Oil Production Increase

Jul 15, 2021 at 15:29 | Tsvetana Paraskova

OPEC pumped 26.03 million barrels per day (bpd) of oil in June—up by 590,000 bpd from May, the cartel said on Thursday as it predicts demand for its…

The American Pipeline War Is Only Just Beginning

Jul 15, 2021 at 12:17 | Tsvetana Paraskova

It is not a great time to be an oil pipeline developer or operator in North America these days. Policymakers are canceling projects and threatening to close operational…

Biden Has Kickstarted A Consolidation Wave In The U.S. Shale Patch

Jul 15, 2021 at 12:11 | Irina Slav

Consolidation is a troubled industry's best friend—and last year's crisis in oil and gas brought about by the pandemic was no exception. Mergers and acquisitions started later than…

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