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Aramco Leads Oil Industry Investment in AI

Aramco Leads Oil Industry Investment in AI

A report by GlobalData reveals…

Energy / Energy-General

The Infinite Energy Resource We’re Overlooking

Dec 13, 2019 at 16:29 | Irina Slav

Here’s fun fact: the world’s deepest manmade hole goes 15 kilometers into the ground. They stopped drilling at the 15th kilometer because it got too hot at the bottom…

Emissions Soar As Permian Flaring Frenzy Breaks New Records

Dec 13, 2019 at 16:23 | Nick Cunningham

The flaring and venting of natural gas in the U.S. continues to soar, reaching new record highs in recent months. The volume of gas that was burned or simply released…

For The First Time Ever, Shell Signs $10B Emissions Linked Financing

Dec 13, 2019 at 16:19 | Tsvetana Paraskova

Royal Dutch Shell has signed a US$10-billion revolving credit facility, and the interest and fees paid on it will be linked to the company’s targets to reduce its carbon footprint,…

Could Low Energy Growth Lead To A Recession?

Dec 13, 2019 at 14:54 | Gail Tverberg

Many people have the impression that recessions come from financial missteps, such as the US subprime loan fiasco. If energy is involved at all, the problem comes from high oil…

The Oil Bulls Are Back Despite Bearish Fundamentals

Dec 13, 2019 at 13:40 | Tom Kool

In early trading on Friday, oil prices hit a three month high on positive trade war and geopolitical developments.  (Click to enlarge)

Deal Or No Deal: Will The Oil Rally Continue?

Dec 13, 2019 at 12:46 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are barely holding on to their marginal weekly gains early Friday as confusion has set in over whether there is a trade deal…

Shale Jobs Disappear As Production Growth Slows

Dec 13, 2019 at 12:45 | Editorial Dept

Friday December 13, 2019 1. OPEC+ cuts deeper- OPEC+ agreed to cut output by an additional 500,000 bpd last week. Overall,…

Is Aramco Really Worth $2 Trillion?

Dec 13, 2019 at 12:44 | Editorial Dept

Market Movers - Saudi Aramco hit $2 trillion on its second day of trading Thursday, but let’s not get overly excited. Yes, it’s bigger than Apple, technically, but it’s a…

An Oil Market On Edge

Dec 13, 2019 at 12:42 | Editorial Dept

About every other week you will hear something along the lines of “oil hits such-and-such a high as fear of trade war resides”, or “oil drops again over trade war…

It’s Time To Get Back Into Natural Gas

Dec 13, 2019 at 12:40 | Editorial Dept

On October 18th, I wrote a piece here suggesting buying natural gas futures (NG) at around $2.35. That was based on a major technical signal known as a golden cross,…

Oil Rig Count Rises After String Of Losses

Dec 13, 2019 at 12:17 | Julianne Geiger

The US oil and gas rig count was unchanged this week, according to Baker Hughes, staying at 799 rigs for the week, according to Baker Hughes, but the number of…

Oil Hits Three-Month High On Trade Deal Optimism

Dec 13, 2019 at 09:23 | Tsvetana Paraskova

Oil prices rose on Friday to their highest level since mid-September as a ‘phase one’ trade deal between the world’s two largest economies, the United States and China,…

Russia’s Economy Is Signaling An Oil Price Rally

Dec 12, 2019 at 14:18 | Alex Kimani

The Russian bear is a decidedly different animal.  Even as the oil price outlook has become clearly bearish, Russia knows little fear. It’s defying the oil price hibernation with bullish…

Are Energy Stocks Hot Again?

Dec 12, 2019 at 14:12 | Charles Kennedy

Is the battered energy sector about to stage a major turnaround, or are contrarian investors trying to catch a falling knife? That’s the million-dollar question at the forefront of every…

How Much Oil Does The $1.5 Trillion Fashion Industry Use?

Dec 12, 2019 at 13:25 | Jenna Tharia

Chances are, you’re wearing fossil fuels right now--and for the record, you look great.  Chances are, Greta Thunberg is getting ready to push her ‘flight-shaming’ campaign into the realm of…

Permian Drillers Are Struggling To Keep Output Flat

Dec 12, 2019 at 11:30 | Tsvetana Paraskova

Newer wells in the Permian see their oil and gas production declining much faster than older wells, and operators will need to drill a large number of wells just to…

Why Exxon’s Stock Could Hit $100 In 2020

Dec 11, 2019 at 14:51 | Charles Kennedy

Exxon investors’ long-time suffering may end in the New Year.  Oil and gas giant ExxonMobil (NYSE: XOM) could soon go from bleeding cash to gushing profits, with some serious upside.  …

Should The West Be Worried About The Power Of Siberia Pipeline?

Dec 11, 2019 at 14:45 | Irina Slav

A massive work of infrastructure has just been brought online, and its geopolitical implications are explosive.    Last week, the presidents of Russia and China jointly inaugurated one of the…

Big Oil’s Wishlist: The Hottest Oil Auctions In 2020

Dec 11, 2019 at 13:56 | Julianne Geiger

As the new year promises to ring in what most suspect will be lackluster oil demand and moderate oil prices despite OPEC’s beefier production cuts, oil auctions for the upcoming…

Chevron’s $11 Billion Write Down Is A Warning For The Oil Industry

Dec 11, 2019 at 13:10 | Nick Cunningham

Chevron said that it would write down $11 billion in assets in the fourth quarter, much of which is tied to natural gas in Appalachia. The impairment is a sign…

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