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Energy / Energy-General

China's Oil Reserves Near Limit

Feb 26, 2021 at 08:59 | Irina Slav

China's crude oil reserves have reached a level equal to 100 days of imports, Bloomberg has reported, citing unnamed sources in the know, which is near the country's storage…

The Oil Industry Is Ready To Fight President Biden In Court

Feb 25, 2021 at 16:58 | Julianne Geiger

Reeling from the effects of the pandemic, the oil industry is in no mood to fool around. When newly inaugurated President Joe Biden canceled the Keystone XL pipeline project, refiners…

Which Banks Are The Biggest Backers Of Oil And Gas?

Feb 25, 2021 at 16:00 | Alex Kimani

About a month ago, BlackRock Inc.(NYSE:BLK), the world's largest asset manager with $9 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to double…

The Staggering Cost Of Weather-Proofing U.S. Infrastructure

Feb 25, 2021 at 14:48 | Felicity Bradstock

As extreme weather conditions wreak havoc on America’s largest energy producing states, can they continue to provide for their citizens? The combination of climate change and aging infrastructure…

Exxon Shocks As Oil Reserves Drop By A Third

Feb 25, 2021 at 12:11 | Irina Slav

Exxon slashed its oil reserves by almost a third in what is the most radical reserve revision in the company’s modern history. The supermajor reported reserves totaling 15.3 billion…

The $7 Trillion Cost Of Upgrading The U.S. Power Grid

Feb 25, 2021 at 11:54 | Leonard Hyman & William Tilles

We have just witnessed the damage caused by poorly designed energy grids—rolling blackouts, skyrocketing electricity prices, people sleeping in their cars and in one insulated room to keep warm. At…

Oil Demand Won’t Be Wiped Out By Energy Transition

Feb 24, 2021 at 17:21 | Tsvetana Paraskova

The COVID-19 crisis has accelerated the timeline of peak oil demand while government policies to build back better and greener are speeding up the energy transition, major oil companies and…

Tesla's Stock Drop Is All Thanks To Musk's Big Bitcoin Bet

Feb 24, 2021 at 17:00 | Haley Zaremba

After a meteoric rise of more than 700% in 2020, Tesla’s stock value has taken a dive and the company has suddenly entered a bear market. Indeed, just…

Russia’s Answer To The U.S. Shale Threat Is Finally Here

Feb 24, 2021 at 14:58 | Simon Watkins

First output is now being produced by Russia’s number two gas producer (after state-owned Gazprom) – Novatek - from its much-awaited fourth train at the Yamal LNG project, according to…

Oil Prices Rally On U.S. Outages And A Weak Dollar

Feb 24, 2021 at 11:13 | Tsvetana Paraskova

After slipping late on Tuesday after a surprise U.S. inventory build reported by the API, oil prices rose on Wednesday morning, supported by the slow restart of the U.S.…

Oil Prices Climb Despite Crude Build

Feb 24, 2021 at 09:43 | Irina Slav

Oil prices rose on Wednesday morning, despite a somewhat surprising EIA inventory report, which reflected a build in crude stocks and virtually unchanged gasoline inventories Crude oil prices rose today…

Texas Refinery Restarts Could Take Until April

Feb 24, 2021 at 09:05 | Charles Kennedy

The restart of Shell’s Deer Park refinery in Texas could take until April, Reuters has reported, citing unnamed sources familiar with the issue. A spokesman for the company told Reuters…

China’s Shale Boom Was Over Before It Began

Feb 23, 2021 at 17:29 | Haley Zaremba

China is caught up in a very delicate balance. Beijing is being forced to walk a very fine line to keep up with growing energy demand while also…

Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea

Feb 23, 2021 at 15:05 | Irina Slav

Two years ago, a team of Finnish scientists estimated that the world needs to get 69 percent of its…

Natural Gas Is Driving Decarbonization In India

Feb 23, 2021 at 15:01 | Tatiana Serova

“Come and invest into India’s energy sector”. Indian Prime Minister Narendra Modi’s words, pronounced at the inauguration of a new gas pipeline on February 17th

Why Is Mexico Returning To Coal?

Feb 23, 2021 at 12:45 | Haley Zaremba

As the world transitions away from fossil fuels and weans itself off emissions-heavy energy sources, one country is running against the current and right back into the arms…

Bank Of America Sees $70 Oil By Summer

Feb 23, 2021 at 12:16 | Tsvetana Paraskova

Brent Crude prices could hit $70 a barrel in the second quarter of 2021, while they are set to average $60 this year, Bank of America said this week,…

Oil Holds Gains Above $60

Feb 23, 2021 at 12:11 | Josh Owens

Investor Alert! Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to get the…

Canada May Become Global Leader In Booming Battery Metals Market

Feb 23, 2021 at 09:55 | MINING.com

Canada has a sizeable opportunity to become one of the world’s leaders in the…

Oil Major Total Makes Big Bet On Green Hydrogen

Feb 23, 2021 at 09:39 | Tsvetana Paraskova

French supermajor Total looks to become a large producer of clean hydrogen one day, chairman and chief executive Patrick Pouyanné said on Tuesday during the virtual IP Week conference…

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