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Energy / Energy-General

Satellite Data Exposes A Massive Methane Problem

Jul 02, 2020 at 16:54 | Alex Kimani

The fossil fuel industry has received plenty of flak over the past decade for its conspicuous role in climate change. The usual script goes something like this: Fossil…

Is The UK Doing Enough To Stimulate EV Sales?

Jul 02, 2020 at 10:52 | Irina Slav

Sales of plug-in hybrids and battery electric cars in the UK inched up to 7 percent of total sales in the first quarter of the year, Reuters’ John Kemp wrote this…

Gulf Oil Producer Oman Is Quickly Running Out Of Options

Jul 01, 2020 at 17:21 | Simon Watkins

Even before the latest Saudi-instigated oil war crashed oil prices, Oman had a budget breakeven price per barrel of Brent of over US$85, with a senior legal source in Abu…

$40 Oil Isn’t Enough To Prevent A Wave Of Shale Bankruptcies

Jul 01, 2020 at 17:01 | Tsvetana Paraskova

The coronavirus pandemic and the oil price collapse are accelerating the pace of bankruptcy filings in the U.S. shale patch this year. The number of filings had already started to…

Why Power Companies Can’t Ditch Coal Just Yet

Jul 01, 2020 at 12:45 | Leonard Hyman & William Tilles

We’ve always had difficulty understanding why US electric companies have not simply closed down old, smaller and least efficient coal-fired power plants quickly. From a simple bargaining perspective we thought…

3 Oil Stocks With Good Upside And 3 To Avoid

Jul 01, 2020 at 11:47 | Alex Kimani

The valuations of energy stocks have declined at one of their fastest clips this year thanks to a stubborn supply overhang, a price war, and massive demand destruction due to…

Big Oil’s Nightmare Is Coming True

Jun 30, 2020 at 16:45 | Nick Cunningham

Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as…

Lithium Prices Are Set To Rally

Jun 30, 2020 at 15:00 | Irina Slav

Lithium used to be a frequent headline-hogger when the EV revolution first began, with all sorts of analysts expecting the metal’s price to skyrocket as the world wanted…

Oil Markets On Edge As Second Wave Hits

Jun 30, 2020 at 12:28 | Josh Owens

Oil is in the midst of a tug-of-war, with accelerating COVID-19 transmissions and a recovery in demand pulling prices in all directions. (Click to…

Why The World’s Central Banks Aren’t Fully Sold On Renewables

Jun 30, 2020 at 11:07 | Alex Kimani

With the global economy reeling, millions of jobs permanently destroyed, and more than half a million people dead, it’s hard to find anything positive…

Alberta Lays Out Plan To Recover From Oil Price Collapse

Jun 30, 2020 at 10:27 | Irina Slav

Alberta's Conservative government is taking steps to jumpstart an economic recovery with a blueprint it released yesterday, which involves billions in infrastructure investment and a tax cut, among other measures. Under…

Shell Warns Of Massive $22 Billion Write Down After Oil Crash

Jun 30, 2020 at 09:08 | Tsvetana Paraskova

Royal Dutch Shell warned on Tuesday it could take as much as a $22-billion post-tax impairment charge for Q2, becoming the latest oil major warning of a massive write-down…

How The Fed Bailed Out U.S. Oil And Gas

Jun 29, 2020 at 17:08 | Nick Cunningham

The Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry, such as opening new lands for leasing, watering down…

Fossil Fuels Make Up 84 Percent Of The Global Energy Market

Jun 29, 2020 at 14:02 | Robert Rapier

This week BP released its Statistical Review of World Energy 2020. The Review covers energy data through 2019, and provides a comprehensive picture of…

Iraq Set To Fall Short Of Ambitious OPEC+ Targets

Jun 29, 2020 at 11:55 | Rystad Energy

Iraq produced more than 650,000 barrels per day (bpd) above its target output level in May and is now being asked to make up for its non-compliance…

Shale Giant Chesapeake Files For Bankruptcy

Jun 29, 2020 at 09:10 | Irina Slav

Chesapeake Energy has filed for Chapter 11 bankruptcy protection, the company said to day, adding that it had signed a restructuring support agreement with creditors. The restructuring support agreement, which…

The Long Road To Oil Demand Recovery

Jun 26, 2020 at 17:36 | Tsvetana Paraskova

Fuel demand in the United States has been gradually increasing in recent weeks, clawing back over half of the consumption lost during the first couple of weeks of…

Peak Fuel Demand Will Occur Within 10 Years

Jun 26, 2020 at 17:27 | Irina Slav

It has been a tough few months for the oil industry, and there’s more pain on the way as the industry struggles with disruptive forces that could completely…

Russian Mercenaries Block Output Restart At Libya’s Largest Oilfield

Jun 26, 2020 at 13:09 | Tsvetana Paraskova

Russian and other foreign mercenaries entered the Sharara oilfield on Thursday evening to prevent the resumption of oil production at the largest Libyan oilfield, Libya’s National Oil Corporation (NOC) said on…

Oil Prices Fall Back Below $40 On New COVID Fears

Jun 26, 2020 at 12:38 | Tom Kool

Oil prices have fallen below $40 as the U.S. sees a record spike in COVID-19 cases and fears of demand weakness increase.For Global Energy Alert members there are…

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