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Energy / Energy-General

Oil & Gas Decommissioning To Total $42 Billion Through 2024

May 22, 2020 at 16:42 | Rystad Energy

Energy companies have been slashing exploration and production budgets since the Covid-19 pandemic took hold and sent oil prices tumbling, but, with few profitable investment alternatives, operators are…

Is The Oil Rally Coming To An End?

May 22, 2020 at 13:26 | Josh Owens

Oil prices are continuously rising despite the uncertainty surrounding COVID-19, with WTI nearing a two-month high on Friday morningFor further research, analysis and trade recommendations, make sure you…

Oil Rally Stalls On Demand Concerns

May 22, 2020 at 12:28 | Editorial Dept

July West Texas Intermediate crude oil futures are under pressure on Friday, but still in a position to finish higher for the week. This week’s rally has been fueled by…

The OPEC+ Compliance Struggle

May 22, 2020 at 12:26 | Editorial Dept

1. Rig count hits record low - The U.S. rig count has

U.S. Rig Count Collapse Continues Despite Soaring Oil Prices

May 22, 2020 at 12:17 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 21, falling to 318, with the total oil and…

Prepare For Major Oil Market Consolidation

May 22, 2020 at 12:17 | Editorial Dept

COVID-19 Market Update Brent crude gained over 1% Thursday, which--dull as it sounds--was its highest level since March. The bump came as US inventories lessen and OPEC cuts production, while…

Adjusting To The New Reality In Oil Markets

May 22, 2020 at 12:15 | Editorial Dept

After a period of quite literally unprecedented volatility in oil markets, things seem to have calmed down a bit over the last month or so. July WTI futures (CLN20) have…

The 5 Oil Tankers That Could Start A War

May 22, 2020 at 12:10 | Editorial Dept

While a cold war with China is working its way towards the inevitable, another situation is developing that could lead to physical clashes between Iran and the United…

The World’s Top Oil Importer Is Expanding Its Storage Capacity

May 22, 2020 at 11:03 | Irina Slav

China will expand its oil storage capacity, the government said today, adding that /it will also pursue unconventional gas exploration to improve energy supply security, Reuters reports, citing a…

Goldman Sachs: OPEC To Dominate Oil Markets For The Foreseeable Future

May 22, 2020 at 09:56 | Irina Slav

OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current crisis, Goldman Sachs analysts have forecast in a report titled…

COVID Crisis Could Unify World’s Largest Oil Companies

May 21, 2020 at 18:00 | Alex Kimani

Sir Winston Churchill once admonished leaders to never let a good crisis go to waste. Wall Street banks and other large banks have been paying attention: They were shrewd enough…

The EV Boom Could Accelerate Peak Oil Demand

May 21, 2020 at 15:57 | Tsvetana Paraskova

The COVID-19 pandemic has dramatically changed the short-term outlook for global vehicle manufacturing industry and sales, including sales of electric vehicles (EVs). But policy actions to support decarbonization and lower-emission…

U.S. Shale Scrambles To Innovate Its Way Out Of Crisis

May 21, 2020 at 11:59 | Haley Zaremba

Headlines have been pronouncing the impending death of the shale industry since long before the spread of the novel coronavirus. “Even when oil was priced at $30 a…

World's Third Largest Oil Consumer Sees Very Slow Demand Recovery

May 21, 2020 at 09:21 | Irina Slav

Crude oil demand in India will take longer to recover than many hope for as the country braces for the worst recession in its history after a two-month lockdown. Bloomberg 

The Oil Price War Has Put A $69 Billion Mega Deal At Risk

May 20, 2020 at 17:56 | Simon Watkins

Even before the latest slew of announcements regarding the agreement by Saudi Arabia’s flagship oil and gas company, Aramco, to acquire a 70 percent stake in the Kingdom’s key petrochemicals…

Big Oil’s Best Survival Strategy

May 20, 2020 at 16:45 | Irina Slav

First, it was an oil price war that pummeled benchmarks into the ground. Then it was the coronavirus outbreak that swelled to a pandemic. Now, a third plague…

Downside Risks Remain Despite Oil Price Rebound

May 20, 2020 at 14:33 | Amad Shaikh

The last few days have seen money rushing back into oil, with all crude benchmarks climbing furiously, including Brent showing a 14 percent week over week increase, rebounding from a…

The World’s Most Controversial Oil Frontier Falls Out Of Favor With Big Banks

May 20, 2020 at 13:03 | Haley Zaremba

Drilling in the Arctic has been back in the headlines this week with some fresh controversy. The Trump administration has long seen the development of oil and gas…

Why U.S. Shale Is Too Important To Fail

May 19, 2020 at 16:47 | Simon Watkins

It may well be the case that the U.S. shale sector has cut over US$50 billion from its planned spending this year, the number of operating rigs has fallen by…

Permian Basin Leads Decline In U.S. Shale

May 19, 2020 at 14:55 | Nick Cunningham

U.S. shale production is set to fall to a two-year low in the coming weeks, with the Permian basin leading the way down. In the latest Drilling Productivity Report,…

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