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Chinese EV Makers Squeeze Out Foreign Competition

Chinese EV Makers Squeeze Out Foreign Competition

Chinese carmakers were planning to…

Energy / Energy-General

Goldman Sachs: Prepare For A Massive Oil Demand Shock

Mar 26, 2020 at 12:31 | Tsvetana Paraskova

Global oil demand could plummet by 18.7 million bpd in April, deepening an expected demand plunge of 10.5 million bpd for March, Goldman Sachs said, while the coronavirus pandemic continues…

The Biggest Threat To Western Oil Majors

Mar 26, 2020 at 12:08 | Vanand Meliksetian

The international oil market is composed of two types of companies: International Oil Companies (IOC) and National Oil Companies (NOC). The former are Western firms with their origin…

Green Initiatives Almost Derailed The $2 Trillion Stimulus Bill

Mar 26, 2020 at 11:25 | Julianne Geiger

Oil prices crashed on Monday when the US Senate failed to reach a deal on the Stimulus Bill over the weekend. The idea was to quickly pass legislation…

The Oil Glut Is About To Get Even Worse

Mar 26, 2020 at 10:53 | Rystad Energy

With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid…

Russia Will Ignore Oil Markets In G-20 Video Summit

Mar 26, 2020 at 10:33 | Tsvetana Paraskova

The oil market will not be a topic of discussion at the G-20 video summit later on Thursday, the Kremlin spokesman Dmitry Peskov told reporters when asked about the agenda of…

Don’t Believe The Oil Bulls

Mar 25, 2020 at 18:21 | Nick Cunningham

The world surplus could reach 20 million barrels per day (mb/d) in the next few weeks, threatening not only to top off storage tanks everywhere, but to crash…

Not Even The $2 Trillion Stimulus Package Can Save Oil Markets

Mar 25, 2020 at 14:54 | Haley Zaremba

A stimulus agreement has finally been reached. The package would provide $2 trillion in funding, allocated directly to the White House’s plan which includes purchasing 77 million barrels…

The Complete History Of Fossil Fuels

Mar 25, 2020 at 14:33 | Tom Kool

Fossil fuels are the primary source of energy in the world today. But people started using fossil fuels long before the first steam engine running on coal or…

Russia’s Unexpected Advantage In The Oil Price War

Mar 25, 2020 at 13:42 | Tsvetana Paraskova

While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the…

Oil Climbs As U.S. Pushes For An End To The Price War

Mar 25, 2020 at 13:23 | Tom Kool

Oil prices continued to rise for the third day in a row, recovering earlier losses as U.S. lawmakers pressure Saudi Arabia to end the oil war.The ongoing oil…

The Impossible Challenge Of Powering An Ever-Growing Population

Mar 25, 2020 at 13:00 | Yale Global

In the period 1975 to 2019, world population increased at an average pace of 83 million per year. The 2019 increase was the difference between approximately 140 million…

Oil Price Slide Accelerates On Crude Inventory Build

Mar 25, 2020 at 09:59 | Irina Slav

As the oil industry continues to struggle with oil price shocks, the U.S. Energy Information Administration reported a crude oil inventory build of 1.6 million barrels for the week to March…

Prepare For The Next Wave Of Oil Bankruptcies

Mar 24, 2020 at 15:01 | Alex Kimani

Last year, the energy industry was rocked by record bankruptcies and write-downs that did not spare even the oil majors. According to Energy and Restructuring…

Here’s Why Big Oil Stocks Are Rallying

Mar 24, 2020 at 13:29 | Alex Kimani

Under normal circumstances, a company's management suspending a share buyback program is construed to mean that it lacks confidence in the future or thinks the shares are overvalued, meaning the…

The Oil Price Rebound Won’t Last

Mar 24, 2020 at 13:25 | Tom Kool

Both oil and stocks rallied on Tuesday morning as news of a Fed stimulus initiated some bullish sentiment in markets, but poor fundamentals are likely to drag oil…

Oil Prices Are Set To Plunge Again

Mar 24, 2020 at 12:28 | Irina Slav

Oil prices have been on the slide for more than two weeks now, and they will, in all likelihood, continue downward despite the respite from the United States…

Oil Jumps As Fed Pledges “Unlimited” Cash To Bolster The Economy

Mar 24, 2020 at 11:01 | Tsvetana Paraskova

Oil prices jumped by 4 percent early on Tuesday after the U.S. Federal Reserve launched on Monday extensive new measures to support the economy as the coronavirus pandemic spreads. But…

Oil Majors Are Preparing For $10 Oil

Mar 23, 2020 at 18:27 | Nick Cunningham

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.  Royal Dutch…

The Oil Price War Could End Maduro’s Regime

Mar 23, 2020 at 13:55 | Mitchell McGeorge

With the current oil price war raging across the globe, the heavyweights of Saudi Arabia, Russia and UAE have been offering significant volumes and discounts into the market, crushing the…

Oil Majors Slash Spending Amid Price Plunge

Mar 23, 2020 at 12:59 | Tsvetana Paraskova

Shell became the latest oil major to announce significant spending cuts to protect its balance sheet from crashing oil prices, joining other majors such as Exxon in the drive to…

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