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U.S. Drilling Activity Slips

U.S. Drilling Activity Slips

The total number of active…

Magnesium Battery Breakthrough Could Challenge Lithium-Ion Dominance

Magnesium Battery Breakthrough Could Challenge Lithium-Ion Dominance

Tohoku University researchers have developed…

Energy / Energy-General

Iran's Return To Oil Markets Is Imminent

May 11, 2021 at 17:51 | Felicity Bradstock

Following talks in Vienna this month, the U.S. could announce a deal with Iran as early as the end of May, which could lead to the lifting of…

Is The Global Oil Industry Relying Too Much On China?

May 11, 2021 at 16:54 | Irina Slav

Chinese oil imports are among the closest watched indicators for global oil demand trends in the world. That’s despite the fact there are things like seasonal factors affecting the country’s…

Extending The European Green Deal Into Eurasia

May 11, 2021 at 12:59 | Fares Kilzie

The European Green Deal should be extended to include the Eurasian Economic Union. In June, the European Commission will present a package of bills detailing the European Green Deal,…

Oil Markets Stable Despite Major Pipeline Outage

May 11, 2021 at 11:45 | Josh Owens

While the Colonial pipeline outage appears to have been resolved and there is enough gasoline to go around, panic buying has caused gasoline shortages in some areas on the East…

Saudi Arabia To Ship Full Volumes To Asian Oil Buyers

May 11, 2021 at 11:10 | Charles Kennedy

Saudi Arabia will export full crude oil volumes to at least four Asian clients next month, Reuters has reported, citing unnamed sources familiar with the situation. Saudi Aramco and…

Panic Buying Sends U.S. Gasoline Prices To Near 7-Year High

May 11, 2021 at 09:04 | Julianne Geiger

The average price of a gallon of gasoline in the United States has jumped on the Colonial Pipeline ransomware attack and subsequent outage. The overall average price of retail gasoline…

How Qatar Plans To Dominate LNG Markets

May 10, 2021 at 17:52 | David Messler

LNG has been discussed as being in an under-supplied state in the late 2020s. Bloomberg has projected a demand forecast in the range…

Is This The Beginning Of The End Of Naked Short Selling In Canada?

May 10, 2021 at 17:23 | James Stafford

Finally, after years of watching dubious short-sellers manipulate stocks and destroy companies, Canadian regulators are ready to do something about it, and unscrupulous short-sellers who have been living lives of…

Saudi Arabia's Covid Aid Comes At A Cost For India

May 10, 2021 at 15:26 | Alex Kimani

At a time when oil and gas investors have been celebrating the latest oil rally after OPEC+ pledged to maintain strict production discipline, not everybody is pleased with the direction…

Soaring Petrochemical Demand Sparks Major Profits

May 10, 2021 at 14:48 | Felicity Bradstock

As major oil companies released their first-quarter earnings, profits from their petrochemical units hit record highs and demand for petrochemicals is only set to grow. According…

Big Oil Is In Desperate Need Of New Discoveries

May 10, 2021 at 13:43 | Alex Kimani

The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks and a shift towards renewable energy, experts warned that nearly…

Tesla Plans New Mystery Facility Near Texas Gigafactory

May 10, 2021 at 12:46 | Charles Kennedy

Tesla plans to build a new industrial building with a yet unknown function next to its Gigafactory in Austin, Texas, Austin Business Journal reported, citing documents the electric vehicle…

The Future Of U.S. LNG: Only The Biggest Will Survive

May 10, 2021 at 10:58 | Irina Slav

Liquefied natural gas was a big thing a couple of years ago in the United States. With so much cheap gas coming out of the ground thanks to hydraulic fracturing,…

Cyberattack Shuts Down Major U.S. Gasoline Pipeline

May 10, 2021 at 08:48 | Irina Slav

A cyberattack during the weekend caused the shutdown of the Colonial pipeline, which carries some 45 percent of the gasoline and diesel fuel the East Coast of the U.S. consumes,…

Big Oil Eyes Wave Of Buybacks After Blowout Earnings

May 07, 2021 at 16:51 | Alex Kimani

Crude oil futures have rallied to their highest finish in months, with WTI price climbing above $65 for the first time in two months after OPEC+ stuck with…

Can Oil Firms Win Over ESG Investors?

May 07, 2021 at 16:35 | Tsvetana Paraskova

As institutional investors grow increasingly picky in where they put their money amid the global Environmental, Social, and Governance (ESG) push, North America's oil sector has started to…

Tesla Admits It Won’t Have A Fully Self-Driving Car In 2021

May 07, 2021 at 16:31 | ZeroHedge

Elon Musk said in January of this year that he was "highly confident [a Tesla] will be able to drive itself with reliability in excess of human this…

Leaked EU Report Reveals Ambitious Renewables Agenda

May 07, 2021 at 16:23 | Tatiana Serova

The European Commission intends to ask EU Member States to make an additional effort to increase their share of renewable energy in the power mix, according to a…

Texas Lawmakers Brace For A War On The Oil & Gas Sector

May 07, 2021 at 16:00 | Haley Zaremba

Texas lawmakers are circling the wagons. Politicians from the Lone Star state are preparing for an escalating war on oil and gas, the lifeblood of the Texan economy,…

Will Exxon’s Big Bet On Guyana Pay Off?

May 07, 2021 at 15:56 | Matthew Smith

ExxonMobil is one of the few global energy supermajors which for some time resisted the energy transition which is underway and will eventually lead to peak oil demand…

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