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Energy / Energy-General

Saudi Arabia Shocks Oil Markets

Jun 12, 2020 at 10:44 | Editorial Dept

COVID Oil Market Update Saudi Arabia shocked the markets this week when it said it would not keep up the voluntary portion of the cuts--the extra cuts beyond the official…

Natural Gas Is Ready To Rally

Jun 12, 2020 at 10:42 | Editorial Dept

During all the chaos of the response to coronavirus, there has been one area of logic and sanity. Surprisingly enough, given its deserved reputation for massive volatility, the market in…

The War For Libya's Oil

Jun 12, 2020 at 10:39 | Editorial Dept

Last week, the Turks were still celebrating a presumed victory in Libya after General Haftar lost territory in and around Tripoli and the National Oil Company (NOC) went…

Saudi Arabia On Track To Secure Highest Oil Market Share In 40 Years

Jun 12, 2020 at 09:09 | Tsvetana Paraskova

The world’s top oil exporter, Saudi Arabia, is set to grow its share on the global oil market to 15 percent by 2025 from 11.6 percent now, for the highest…

The Unique Ways Oil Companies Are Looking To Avoid Bankruptcy

Jun 11, 2020 at 13:55 | Tsvetana Paraskova

Many U.S. shale firms have cruised through the past couple of years by borrowing money and drilling new wells, making the United States the world's top crude oil…

Who Will Pay For Russia’s Unprecedented Oil Spill?

Jun 11, 2020 at 13:05 | Alex Kimani

Five days ago, Russia suffered its worst oil spill in modern history after a fuel storage tank owned by Russian nickel and palladium mining company,…

Upstream Oil & Gas Investment Crashes To 15-Year Low

Jun 11, 2020 at 12:36 | Rystad Energy

Following the publication of the upstream industry’s first quarter results, a Rystad Energy analysis reveals a gloomier investment-budget picture than previously thought. Global spending is now forecasted to reach $383…

Tesla Stock Soars To Record High As China Approves New Battery

Jun 11, 2020 at 10:53 | Charles Kennedy

Chinese authorities have granted Tesla their approval to begin mass production of Model 3 with a new type of battery, lithium ion phosphate (LFP), Reuters reports, citing a statement…

The Energy Deal Putting Iraq's $55 Billion Oil Project At Risk

Jun 10, 2020 at 13:27 | Simon Watkins

Since firebrand cleric Moqtada al-Sadr became the effective leader of Iraq after the victory of his ‘Sairoon’ (‘Marching Forward’) power bloc in the May 2018 general elections, the practical application…

Bulls Beware: A Dark Cloud Is Forming Over Oil Markets

Jun 10, 2020 at 13:05 | Alex Kimani

Bullish sentiment appears to have returned to the stock markets with a vengeance. In a historic rally that has taken even die-hard bulls by surprise, the S&P 500

Oil Infrastructure Operators Grapple With A New Energy Reality

Jun 10, 2020 at 12:49 | Tsvetana Paraskova

The energy infrastructure company that transports a fourth of the crude oil produced in North America is looking to increase investments in renewable energy projects as it prepares…

The U.S. Energy Grid Can Be Both Cheaper And Cleaner

Jun 10, 2020 at 12:44 | Alex Kimani

A radical decarbonization of the U.S. power grid is no longer a clean energy utopia dreamed up by overreaching environmentalists: Now, it could actually help lower customer bills…

The Secret To A Low-Carbon Future

Jun 10, 2020 at 11:35 | Robert Rapier

The world is transitioning to a low-carbon future. This transition is being aided by policies aimed at curbing greenhouse gas emissions, as well as rapidly declining costs for…

The Oil And Gas Industry Faces A $1.8 Trillion Loss In 2020

Jun 10, 2020 at 10:32 | Tsvetana Paraskova

The coronavirus pandemic and the resulting oil price crash are set to wipe out as much as US$1.8 trillion from the revenues of oil and gas exploration and production companies…

The True Impact Of COVID-19 On Natural Gas Demand

Jun 10, 2020 at 10:22 | Tsvetana Paraskova

Global natural gas markets are facing the largest demand shock in recorded history. According to the International Energy Agency’s (IEA) new Gas 2020 report, consumption of natural gas is expected…

Oil Prices Fall As EIA Confirms Crude Inventory Build

Jun 10, 2020 at 09:51 | Irina Slav

Crude oil prices accelerated their fall today after the Energy Information Administration reported a rise in U.S. crude oil inventories of 5.7 million barrels for the week to June 5…

U.S. Shale Could Collapse If Oil Prices Don’t Bounce Back

Jun 10, 2020 at 09:20 | Tsvetana Paraskova

Unless oil prices move back up to the levels before the COVID-19 pandemic, the U.S. shale industry could collapse, the Institute for Economics & Peace, an Australian think-tank, warned in…

Can This Oil Giant Return To Its Former Glory?

Jun 09, 2020 at 17:02 | David Messler

American shale peaked in February of this year, and is on glide path lower as the drilling decline takes its toll on legacy…

Tesla's Newest Rival Is Taking The Stock Market By Storm

Jun 09, 2020 at 15:46 | Tsvetana Paraskova

They are both named after inventor Nikola Tesla. They are both aiming to upend the market of predominantly gasoline and diesel-powered cars and trucks with their zero-emission technologies.  …

Why Oil Prices Didn’t Rally After The OPEC+ Extension

Jun 09, 2020 at 13:18 | Josh Owens

The extension of the OPEC+ production cut agreement did little to move oil prices as it had already been baked into oil prices

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