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Small Banks Significantly Boost Loans to Oil And Gas Firms

Small Banks Significantly Boost Loans to Oil And Gas Firms

Regional banks BOK Financial, Citizens…

Energy / Energy-General

The AI Revolution Has a Problem: Energy

Apr 10, 2024 at 11:38 | Irina Slav

Artificial intelligence is helping the oil and gas industry boost output by accelerating drilling and boosting efficiency. It offers similar gains to other industries as well and online platforms and…

Shell's Undervalued London Listing a "Major Issue," Says Ex-Chief

Apr 10, 2024 at 09:55 | City A.M

The Shell share price hit another all-time high this week as the company continued its positive run. The

Oil Ticks Lower on EIA Inventory Report

Apr 10, 2024 at 09:38 | Irina Slav

Crude oil prices moved lower today after the Energy Information Administration reported an estimated inventory build of 5.8 million barrels for the week to April 5. The authority also…

Sao Paulo's Power Grid Nears Breaking Point

Apr 10, 2024 at 09:35 | Leonard Hyman & William Tilles

Dark days ahead in São Paulo, the industrial and commercial hub of Brazil. They noticed last month, after a three day blackout hit the city’s center and its poorer neighborhoods,…

Tanker Markets Set to Soar As ‘Final Frontiers’ Heat Up

Apr 10, 2024 at 09:15 | Alex Kimani

Back in February, crude tankers and product carrier company International Seaways (NYSE:INSW) predicted that tanker freight will remain healthy in the short and long term going forward, thanks to oil supply growth…

Russia’s Crude Is Trading at $15 Above the Price Cap

Apr 10, 2024 at 08:44 | Charles Kennedy

Russia’s flagship crude grade, Urals, is currently being exported at a price of around $75 per barrel, per Argus Media data cited by Bloomberg—a price that’s $15 a barrel…

What Does Neom’s Downsize Means for Saudi Arabia’s Vision 2030?

Apr 09, 2024 at 09:07 | ZeroHedge

The scaling back of the megacity project is attributed to budget constraints, with the Public Investment Fund's cash reserves dropping to $15bn in September 2023.Saudi Arabia has scaled…

U.S.’s New Hopes In Iraq Are Dashed As It Signs Longest Ever Gas Deal With Iran

Apr 09, 2024 at 09:05 | Simon Watkins

Given its huge oil and gas reserves, strategically critical location in the heart of the Middle East, and its initial welcoming of the U.S. after the fall of President Saddam…

Morgan Stanley Hikes Its Summer Oil Price Forecast to $94

Apr 09, 2024 at 08:11 | Charles Kennedy

Morgan Stanley sees heightened geopolitical risk pushing Brent Crude oil prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel…

Brent Could Climb to $95 as Bullish Sentiment Builds

Apr 09, 2024 at 06:25 | Michael Kern

As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week.

The Energy Sector Is A No-Brainer, but There’s More to Come

Apr 08, 2024 at 18:10 | Alex Kimani

Historically, different market sectors and investments have responded differently as the economy moves from one stage of the business cycle to the next. Understanding how various  financial assets have historically…

AI-Driven Data Surge Challenges Infrastructure Limits

Apr 08, 2024 at 09:41 | ZeroHedge

We presented the trade idea that a surge in artificial intelligence demand is sparking the need for significant upgrades to the nation's decades-old power grid as new data…

Shell Considers Leaving London Stock Exchange

Apr 08, 2024 at 09:34 | City A.M

Shell’s chief executive has floated the possibility of the petrogiant abandoning its “undervalued” London listing. Wael Sawan, who runs the largest company on the FTSE 100,…

Low Natural Gas Prices Curb U.S. Oil Production Gains

Apr 08, 2024 at 09:18 | Charles Kennedy

U.S. oil producers are not in a rush to significantly boost production despite oil prices hovering at a six-month high, as multi-year low natural gas prices are holding back drilling…

What Does Renationalizing Thames Water Mean?

Apr 08, 2024 at 09:02 | Leonard Hyman & William Tilles

For weeks, now, British editors, letter writers and resident economic thinkers in the government have been debating how to preserve Thames Water as an investor-owned entity. We might ask, “Why…

Bullish Sentiment Has Taken Hold of Oil Markets

Apr 08, 2024 at 08:46 | Tsvetana Paraskova

Fundamentals and geopolitics pushed oil prices to above $90 per barrel last week as more market participants have become bullish on crude.  After sitting on the sidelines in a more…

U.S. Drilling Activity Slips Further As Oil Prices Rise

Apr 05, 2024 at 12:14 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling…

Musk Lashes Out at Reuters for “Lies” Over Inexpensive EV

Apr 05, 2024 at 11:21 | Julianne Geiger

Reuters reported on Friday that Tesla has canceled its inexpensive car that would have catapulted Tesla’s sales growth, citing anonymous sources and a company message seen by the news outlet.…

Iran Adapts to Shifting Tides in South Caucasus

Apr 05, 2024 at 09:39 | Eurasianet

Iran is finding it increasingly challenging to maintain its balanced approach in the Caucasus. Fresh developments keep jiggling Tehran’s diplomatic scales. Two major developments in recent…

Oil Prices Surge as Geopolitical Risk Rises

Apr 05, 2024 at 09:26 | Editorial Dept

Oil Prices Surge WTI crude oil's current bullish trend, closely following Brent crude's movements, has placed it at a crucial point for traders. This trend, driven by a mix of…

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