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Energy / Energy-General

Where Does Oil Go After The Largest Production Cut In History?

Apr 10, 2020 at 11:34 | Editorial Dept

Right now, it is understandably difficult for anything to interrupt the coronavirus news cycle, even in the focused world of energy and commodities. This week, however, one thing managed to…

A Global Oil Cartel?

Apr 10, 2020 at 11:32 | Editorial Dept

Worldwide trade has fallen by 32%, and the best-case scenario - as we hit nearly 1.5 million confirmed cases of coronavirus - is containment by July. At the same time,…

Oil Industry Unlikely To See A Bailout Anytime Soon

Apr 09, 2020 at 16:46 | Editorial Dept

Among the world’s biggest oil producers, state-run giants in China and Russia don’t need a bailout in the traditional sense. Oil industry giants in the United States aren’t…

Small Oil Firm Reports Huge Alaska Oil Discovery

Apr 09, 2020 at 14:58 | Tsvetana Paraskova

UK-based oil exploration firm Pantheon Resources believes it has a huge 1.8-billion-barrel oil discovery in Alaska after evaluating an old exploration well with modern technology, the company’s top executives told…

Nuclear Energy Could Power The Trillion-Dollar Space Race

Apr 09, 2020 at 13:29 | Haley Zaremba

While the economy comes to a grinding halt here on Earth, some investors, inventors, and dreamers are looking to the stars for their next business venture. The final…

Saudi Arabia Is Buying Up European Oil Majors

Apr 09, 2020 at 10:38 | Irina Slav

The Saudi sovereign wealth fund has bought stakes worth a combined $1 billion in four European oil majors: Shell, Total, Eni, and Equinor, the Wall Street Journal reported citing unnamed people…

Trump Backs Moon Mining Initiative With Executive Order

Apr 09, 2020 at 09:53 | Michael Kern

As the world continues to grapple with the COVID-19 pandemic, U.S. President Donald Trump is eyeing something a little more...celestial, if you will, signing an executive order that…

Saudi Arabia Could Cut Up To 4 Million Bpd

Apr 09, 2020 at 09:18 | Tsvetana Paraskova

Saudi Arabia could be prepared to slash its crude oil production by up to 4 million barrels per day (bpd), but only if its record expected April production of 12.3…

The Solution To The Oil Price War

Apr 08, 2020 at 17:26 | Amad Shaikh

In my previous article, The Only Logical End To The Oil War, I outlined how OPEC+ and the U.S. could come to a production cut agreement.

Pandemic And Price Crash Force Gulf Oil Producers To Take On Debt

Apr 08, 2020 at 13:30 | Tsvetana Paraskova

Middle East oil producers began to tap the debt markets this week amid growing fiscal pressures on their economies and wealth funds in the oil price crash and…

Natural Gas Is Suffering On All Sides

Apr 08, 2020 at 12:34 | Vanand Meliksetian

Natural gas has gone from being a by-product of oil production to a vital source of energy for transportation, industry, and heating. Technological advancements have strengthened the fuel’s proliferation as…

Supermajor Slashes Spending As Oil Prices Collapse

Apr 07, 2020 at 17:33 | Nick Cunningham

“We haven't seen anything like what we're experiencing today.” ExxonMobil’s CEO Darren Woods said his company is expecting oil demand to decline by 20 to 30 percent because of the…

The Oil Price Crash Won’t Stop The Tesla Boom

Apr 07, 2020 at 15:59 | Alex Kimani

The falling price of gas has brought some relief to drivers fed up with seeing numbers whirr on the pump at wallet-draining speeds. According to the AAA, Americans are, on average,…

Renewables Boomed In 2019, But This Year May Be Different

Apr 07, 2020 at 15:35 | Irina Slav

Renewable energy projects constituted three-quarters of all new power generation capacity projects in the world last year, the International Renewable Energy Agency said in a new 

Is Optimism In Oil Markets Misplaced?

Apr 07, 2020 at 13:01 | Tom Kool

Investor Alert: OPEC and its partners are about to orchestrate the largest oil production cut in history, and a small number of oil & gas companies stand…

The Dream Of U.S. Energy Independence Is Dying Along With The Shale Revolution

Apr 07, 2020 at 12:46 | Irina Slav

It was a revolution; a game-changer. The shale industry that transformed American oil was on its way to upending the world by first rendering the United States energy…

Money Is Flooding Into Russia Despite Crashing Oil Prices

Apr 07, 2020 at 11:57 | Michael Kern

With the virtual OPEC+ meeting where Russia and Saudi Arabia were to discuss output cuts to end the oil price war delayed Monday, oil prices took…

U.S. Rig Count Could Collapse By 65%

Apr 07, 2020 at 11:02 | Rystad Energy

Due to the combined global effect of the Covid-19 pandemic and the ongoing oil price war, the American oil and gas…

Trump: Free Markets Will Determine U.S. Oil Production

Apr 07, 2020 at 10:07 | Irina Slav

U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week. “I think the cuts are…

Russia Is Ready To Make Major Output Cuts

Apr 06, 2020 at 14:21 | Julianne Geiger

Russia is prepared to undertake significant cuts to its oil production, according to two Russian sources who spoke to Reuters on Monday. The markets are hanging on every word…

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