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Energy / Energy-General

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…

Oil And Gas Is Booming In The Land Of Enchantment

Jul 15, 2021 at 12:05 | Felicity Bradstock

New Mexico, the Land of Enchantment, was concerned when Biden’s pause on oil and gas drilling leases took hold, but six months into the new administration the state’s…

China To Tap Coal Reserves As Prices Soar

Jul 15, 2021 at 11:59 | Charles Kennedy

China is set to release another 10 million tons of coal from its reserves to prevent shortages amid soaring coal prices and tight supplies in the fifth such release this…

The Conflict Within OPEC Is Far From Over

Jul 14, 2021 at 16:32 | Cyril Widdershoven

As expected, OPEC leaders Saudi Arabia and UAE have reached a so-called solution to the current export quota conflict.  For two weeks, the global oil market…

Wall Street Still Bullish On Emerging Markets Despite OPEC Rift

Jul 14, 2021 at 15:58 | Alex Kimani

A commonly heard refrain amongst investment circles is that emerging markets, or EMs, are no longer what they used to be over the past two decades. Coming out…

Why The U.S. Is Desperate To Secure Influence In Oman

Jul 14, 2021 at 13:41 | Simon Watkins

Someone in the White House seems to have stumbled upon an atlas, seen where Oman is located, and worked out how crucial it is in the Middle East’s…

China's New Carbon Market Doubles Share Of World Emission Trading

Jul 14, 2021 at 13:27 | Tsvetana Paraskova

China, the world's largest polluter, is set to launch its nationwide emissions-trading system on Friday, sources with knowledge of the plans told The Wall Street Journal on Wednesday. China's…

How Venezuela's Oil Crisis Triggered Mass Protests In Cuba

Jul 14, 2021 at 12:59 | Tsvetana Paraskova

Cuba has seen in recent days the biggest protests in decades as thousands of people took to the streets in the Communist-run country…

Oil Falls As Saudi Arabia And UAE Compromise On Deal

Jul 14, 2021 at 08:45 | Tsvetana Paraskova

Saudi Arabia and the United Arab Emirates (UAE) have resolved their nearly two-week-long standoff over baseline production levels that was blocking a unanimous OPEC+ deal on oil supply, a delegate…

Oil Price Volatility Spikes On OPEC+ Uncertainty

Jul 13, 2021 at 12:30 | Josh Owens

Growing uncertainty over the OPEC+ agreement and warnings from the IEA of another oil price war has caused volatility in oil markets to spike.

Alaska’s Most Important Pipeline Faces An Existential Threat

Jul 13, 2021 at 12:15 | Felicity Bradstock

An area of thawing permafrost is threatening a stretch of a major Alaskan pipeline as the structure experiences damages from the changing weather.An 810-foot…

A Zero-Cost Solution For The Oil Industry’s Methane Problem

Jul 13, 2021 at 11:57 | Haley Zaremba

As the spread of the novel coronavirus disrupted industries around the world, the rate of global greenhouse gas emissions took a big dip. BP’s annual

China Oil Imports Fall To Lowest In 2021

Jul 13, 2021 at 11:40 | Irina Slav

China’s crude oil imports fell to some 9.77 million barrels daily last month, down 2 percent on May and the lowest monthly level since the start of the year, Reuters…

Why Saudi Arabia Is Likely To Win The OPEC+ Standoff

Jul 13, 2021 at 09:41 | Irina Slav

OPEC+ could take until August to decide whether to adjust production baselines, Arab News reported, citing JP Morgan analyst Christian Malek. According to Malek, the oil cartel could take…

The IEA Warns Of Another Oil Price War

Jul 13, 2021 at 09:02 | Tsvetana Paraskova

The oil market has been on edge for a week now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said on…

Huge Dividend Cripples World’s Largest Oil Company

Jul 12, 2021 at 16:09 | Simon Watkins

The transformation of Saudi Arabia’s flagship asset, Aramco, from perpetual cash-generation machine into a debt-laden giant is set to pick up pace in the coming weeks with a…

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