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Texas Is Preparing for Electricity Demand to Surge

Texas Is Preparing for Electricity Demand to Surge

Texas is breaking for electricity…

WTI Finds Support After Sell Off Suddenly Halts

WTI Finds Support After Sell Off Suddenly Halts

WTI crude found resistance at…

Energy / Energy-General

Labour Day Gasoline Prices At Lowest Level In 16 Years

Sep 04, 2020 at 14:57 | Tsvetana Paraskova

Sluggish fuel demand and low travel demand because of the pandemic are keeping U.S. gasoline prices ahead of Labor Day weekend at their lowest level since 2004, the U.S. Energy…

Oil Rig Count Inches Higher Amid Price Plunge

Sep 04, 2020 at 12:29 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 1 to 181. The total number of active oil and gas rigs increased…

String Of Bearish News Shifts Sentiment In Oil Markets

Sep 04, 2020 at 12:10 | Tom Kool

Oil prices fell below $40 for the first time since June as demand concerns grow and stock markets crash.For Global Energy Alert members there are now

Oil Under Pressure As Bearish News Mounts

Sep 04, 2020 at 11:08 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are trading lower on Friday, with prices headed for their biggest weekly decline since June, amid weak demand and ample fuel supplies. After…

Big Oil Is Buying Up Renewable Energy

Sep 04, 2020 at 11:08 | Editorial Dept

1. Coal shifts to seasonal load- Coal continues to decline in competitiveness, with over 95…

This Drop In Oil Prices Is Only The Beginning

Sep 04, 2020 at 11:07 | Editorial Dept

Okay, I finally get to say it! It has been a big, interesting week for crude oil! After months of essentially range trading, with the main WTI futures contract, CL,…

Another Fossil Fuel Casualty From COVID

Sep 04, 2020 at 11:07 | Editorial Dept

Politics, Geopolitics & Conflict - The Navalny poisoning has even farther-reaching implications for geopolitics and oil than just the NordStream2 outcome. Under immense pressure for what masses of protesters say…

The Pipeline Pitting Politics Against Business

Sep 04, 2020 at 11:06 | Editorial Dept

NordStream Will Move Ahead, With or Without Poisonings Germany’s Merkel wants nothing more than Russia’s NordStream2 pipeline, which will deliver Russian gas directly to Germany, bypassing the two key opposing…

Canada Bets Big On Hydrogen To Boost Oil Production, Cut Emissions

Sep 04, 2020 at 10:00 | Charles Kennedy

The federal government of Canada and the provincial government of Alberta are each drafting hydrogen strategies to reduce emissions, which, in the case of Alberta, would allow it to cut…

The World’s Richest Men Are Still Betting Billions On Energy

Sep 03, 2020 at 17:30 | Julianne Geiger

If tech is king, then why are three of the world’s top 10 richest people in the energy business? The answer is simple: If you follow…

Bill Gates Backed Battery Maker Goes Public In $3.3 Billion Deal

Sep 03, 2020 at 16:52 | Tom Kool

QuantumScape, a 10-year old battery company backed by Volkswagen Group, is looking to go public through a reverse-merger with SPAC Kensington Capital Corp.

Tech Giants Are Sucking The Energy Out Of Ireland

Sep 03, 2020 at 15:55 | Michael Kern

As a country with one of the lowest corporate tax rates in the world, Ireland has always been a hub for Big Tech. In fact, its so-called Silicon…

Can Tesla Live Up To Its $400 Billion Valuation?

Sep 03, 2020 at 13:01 | Alex Kimani

By any yardstick, the world's most popular electric vehicle manufacturer, Tesla Inc. (NASDAQ:TSLA), is enjoying a banner year. Tesla's parabolic rally has been nothing short of…

Cyprus Makes A Major Bet On LNG

Sep 03, 2020 at 10:46 | Vanand Meliksetian

The discovery of Cyprus’ first gas field, offshore in the Eastern Mediterranean, was reason for celebration in December 2011. Rising tensions with Turkey and the Covid-19 pandemic, however,…

Canadian Oil Prices Rise On Pipeline Shutdown

Sep 03, 2020 at 10:03 | Tsvetana Paraskova

The Canadian heavy oil benchmark rose on Wednesday after a pipeline carrying diluent necessary for oil sands production was shut down following a leak over the weekend, affecting production at…

Low Oil Prices Force Aramco To Delay LNG, Petchem Ambitions

Sep 03, 2020 at 09:09 | Irina Slav

Saudi state oil giant Aramco has delayed a petrochemicals project and a stake purchase in an LNG facility to conserve cash, Bloomberg reported, citing sources in the know who wished…

3 Ways Artificial Intelligence Is Transforming The Energy Industry

Sep 02, 2020 at 16:00 | Alex Kimani

Back in 2017, Bill Gates penned a poignant online essay to all graduating college students around the world whereby he tapped

The Difference Between Green Energy And ‘Greenwashed’ Energy

Sep 02, 2020 at 14:03 | Haley Zaremba

For all the recent rhetoric about the impending global clean energy transition, make no mistake: the world still runs on fossil fuels. The energy mix may be changing,…

World’s Largest Oilfield Services Provider Sells U.S. Fracking Business

Sep 01, 2020 at 16:13 | Tsvetana Paraskova

The world’s largest oilfield services provider, Schlumberger, is selling its North American fracking business to Liberty Oilfield Services for a minority stake in a new combined company after the oil…

Venezuela Faces The Real Possibility Oil Production Dropping To Zero

Sep 01, 2020 at 13:23 | Matthew Smith

Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have sparked a monumental economic collapse which…

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