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Deepwater Exploration Is Booming Again

Deepwater Exploration Is Booming Again

The majors are investing more…

Energy / Energy-General

The Oilfield Services Sector Is Showing Signs Of Recovery

Nov 13, 2020 at 16:44 | Irina Slav

The U.S. oilfield services sector added more than 6,400 new jobs last month. in the latest sign that things are beginning to look…

Will A Vaccine Reinvigorate Oil Markets?

Nov 13, 2020 at 12:37 | Editorial Dept

U.S. West Texas Intermediate is trading lower on Friday. The catalysts behind the selling pressure are fears over skyrocketing COVID-19 cases and their negative effect on the global demand recovery.…

Oil Demand Revised Down Once Again

Nov 13, 2020 at 12:36 | Editorial Dept

1. Oil rallies on vaccine hopes- The oil bulls returned this week on the extraordinary…

An Uneasy Peace Between Armenia And Azerbaijan

Nov 13, 2020 at 12:34 | Editorial Dept

Politics, Geopolitics & Conflict The Armenian government has signed what it has referred to as a “painful” agreement with Russia and Azerbaijan to end the war over the disputed area…

Betting On A Rebound In Oil Drilling

Nov 13, 2020 at 12:31 | Editorial Dept

For those of us that pay attention to the Baker Hughes Rig Count, as all energy investors should, it has been an interesting month or so. After one of the…

Surge In COVID Cases Counters Oil Market Optimism

Nov 13, 2020 at 12:31 | Tom Kool

While much of the media attention has been on the recent Pfizer vaccine success, COVID cases are surging and new lockdowns are coming into effect, weighing further on oil prices 

Could Energy Bring Lebanon And Israel Together?

Nov 13, 2020 at 12:28 | Editorial Dept

By most perspectives, Trump has been a hands-off president in the foreign policy arena, with the visible exception of antagonizing Iran and fostering a withdrawal from - and…

U.S. Oil Rig Count Rises For The Eighth Week In A Row

Nov 13, 2020 at 12:26 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 236—the eighth week of oil rig additions. The total number of…

Oil Price Crash Costs Saudi Arabia $27.5 Billion In Revenue In 2020

Nov 13, 2020 at 10:11 | Tsvetana Paraskova

The oil price collapse is depriving Saudi Arabia of US$27.5 billion in oil revenues this year, Saudi Crown Prince Mohammed bin Salman said on Friday, admitting that the current oil…

The Great Struggle For Iraqi Oil May Be Drawing To A Close

Nov 12, 2020 at 16:18 | Simon Watkins

With the announcement last week that the president of Russian state oil proxy Lukoil, Vagit Alekperov, met one-to-one with Iraq’s Prime Minister, Mustafa al-Kadhimi, and its Oil Minister,…

The Permian Oil Stock That Markets Are Overlooking

Nov 12, 2020 at 16:11 | David Messler

Matador Resources, (NYSE: MTDR) is a small Permian oil driller that doesn’t get a lot of coverage, taking a back seat to some of the more widely covered…

Adapt Or Die: Refiners Face An Impossible Decision

Nov 12, 2020 at 14:32 | Irina Slav

Refinery conversion and closures: this is the shortest summary of things happening in the downstream industry right now. With the pandemic wreaking havoc on oil—and fuel—demand, refiners have…

Lockdowns Hit Supplies For Biofuels

Nov 12, 2020 at 12:03 | Tsvetana Paraskova

Lockdowns, curfews, and fewer people eating out due to the coronavirus are dwindling the supplies of used cooking oil that is used in renewable fuels production, and refiners are now…

EIA Sees WTI Crude Averaging $44 In 2021

Nov 12, 2020 at 09:30 | Charles Kennedy

WTI Crude oil prices are expected to average $44.24 per barrel next year, the EIA said in its latest Short-Term Energy Outlook (STEO), with the forecast price not much…

New Breakthrough Could Boost Electric Vehicle Performance

Nov 11, 2020 at 14:04 | Tsvetana Paraskova

The most popular battery technology, lithium-ion batteries, may have just received a big shot in the arm.  Scientists have found in a new study that adding…

Russia: It’s Too Early To Talk About Tweaking OPEC+ Deal

Nov 11, 2020 at 10:07 | Charles Kennedy

Russia is not ready to discuss changes to the ongoing OPEC+ oil production cuts before the Joint Ministerial Monitoring Committee (JMMC) next week, Russia’s top oil diplomat Alexander Novak told…

Is This The Perfect Battery For Electric Vehicles?

Nov 10, 2020 at 17:06 | Irina Slav

Imagine an electric car that’s lightweight and fast, and can go for hundreds of miles on a single charge. This car would not have a battery pack to…

The Road To Recovery Is Long For Oilfield Services

Nov 10, 2020 at 14:50 | Tsvetana Paraskova

“This has probably been the most challenging quarter in past decades,” Schlumberger’s chief executive Olivier Le Peuch said in the second-quarter results release…

World’s Top Oil Trader Weighs U.S. Shale Acquisitions

Nov 10, 2020 at 13:25 | Tsvetana Paraskova

The world’s largest independent oil trader, Vitol Group, is considering potential acquisitions in the U.S. shale patch, chief executive Russell Hardy said on the Reuters Commodity Trading Summit on…

India Could Be The Next Breakout Natural Gas Market

Nov 10, 2020 at 12:44 | Vanand Meliksetian

Economic expansion strongly correlates with CO2 emissions as more energy is needed to power factories, transportation, and a higher standard of living. India is not an exception where growth has…

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