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China Oil Imports Fall To Lowest In 2021

China Oil Imports Fall To Lowest In 2021

China’s crude oil imports fell…

Energy / Energy-General

Wastewater Problem Could Cap U.S. Shale Growth

Jun 25, 2021 at 12:39 | Irina Slav

Hydraulic fracturing, the technology that made the United States the world’s top oil and gas producer, has earned a really bad rap. Much of this ill reputation has…

Oil Rig Count Falls As U.S. Drillers Exercise Caution

Jun 25, 2021 at 12:15 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States stayed the same this week, with the total rig count holding fast…

Oil Prices Continue To Climbs Despite Resistance

Jun 25, 2021 at 12:09 | Tom Kool

Oil prices are on course to close out another week of gains despite fears of Iranian production coming back online and OPEC+ preparing to increase its output.

The Dawn Of A New Era For U.S. Shale

Jun 25, 2021 at 12:00 | Tsvetana Paraskova

Higher oil prices and capital expenditure discipline are setting the stage for the highest free cash flow on record for the world’s exploration and production companies this year.…

Panasonic Has Sold Its Entire Stake In Tesla

Jun 25, 2021 at 11:14 | ZeroHedge

Panasonic has officially sold all of its shares in Tesla. The Japanese giant offloaded its entire $3.6 billion stake in the name last year, according to…

Blackout Risk And Electricity Prices Are Spiking In California

Jun 25, 2021 at 10:06 | Charles Kennedy

Electricity prices for Californians are spiking, but so is the danger of blackouts—both planned and unplanned. Exceptional drought forecasts for this summer prompted PG&E to warn earlier this month…

The 3 Hottest Electric Vehicle Stocks For 2021

Jun 24, 2021 at 16:52 | Olu Fashola

Elon Musk, one of the most divisive characters in Silicon Valley, saw his net worth explode by over $100 billion in 2020 alone, setting records in wealth accumulation…And…

U.S. Democrats Launch Another Attack On Oil & Gas

Jun 24, 2021 at 15:37 | Irina Slav

Water used in oil and gas well drilling may become classified as hazardous waste, complicating the lives of companies that use it if a new bill, sponsored by…

U.S. Shale Eyes A $60 Billion Year

Jun 24, 2021 at 15:28 | Haley Zaremba

Oil execs and producers are historically pretty good at making money. Oil is a roller coaster of an economic sector, based on a boom-and-bust model. Bankruptcy and insolvency…

Chevron Won’t Cut Oil & Gas Business For Renewables

Jun 24, 2021 at 13:31 | Charles Kennedy

Unlike European supermajors, U.S. Chevron doesn’t have any plans to reduce its oil and gas business to invest in solar or wind power, chief financial officer Pierre Breber said at…

The Unintended Consequences Of Punishing Big Oil

Jun 23, 2021 at 11:25 | Tsvetana Paraskova

The ‘day of reckoning’ for Big Oil, when events at boardrooms and courtrooms issued last month the starkest warning to oil majors’ license to operate yet, was hailed…

Reuters: U.S. Agrees To Lift Iran Oil Sanctions

Jun 23, 2021 at 07:56 | Irina Slav

The United States has agreed to lift all sanctions on the Iranian oil and shipping industry and to remove several senior officials from a blacklist, Reuters has reported, citing…

How Much Oil Can Saudi Arabia Really Produce?

Jun 22, 2021 at 16:34 | Simon Watkins

For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by…

Can The Middle East Survive Without Oil?

Jun 22, 2021 at 16:27 | Irina Slav

Gulf oil producers are finding it difficult to diversify their economies away from their biggest export revenue contributor, and it may take them at least a decade to…

Affordable Or Clean: You Can Only Have One In Electric Vehicles

Jun 22, 2021 at 15:46 | Irina Slav

Electric vehicles have been touted as the greatest invention after sliced bread mostly because of the critical role a switch to emission-free vehicles would play in the decarbonization…

China's Private Oil Refiners Are Too Powerful For Beijing

Jun 22, 2021 at 13:01 | Alex Kimani

In a dramatic reversal of fortunes, Beijing has announced huge cutbacks in import quotas for the country's private oil refiners. According to Reuters,…

Oil Prices Fall As OPEC+ Looks To Boost Production

Jun 22, 2021 at 11:09 | Josh Owens

Oil prices soared on Monday as optimism around demand grew, but rumors that OPEC+ is considering boosting its oil production in August sent prices lower on Tuesday morning

Exxon Doubles Down On World’s Hottest Offshore Play

Jun 22, 2021 at 09:26 | Matthew Smith

The deeply impoverished former English colony of Guyana has become one of the world’s hottest offshore drilling locations. Global energy supermajors have made a slew of

The Real Reason Big Oil Is Giving Up On Iraq

Jun 21, 2021 at 15:59 | Simon Watkins

News last week that U.K. oil super-major, BP, is working on a plan to spin off its operations in Iraq’s supergiant Rumaila oil field into a stand-alone company…

Could Fracking Save Colombia’s Oil Industry?

Jun 21, 2021 at 11:06 | Matthew Smith

Despite being wracked by nationwide anti-government protests the prospects for Colombia’s beaten-down oil industry are improving. Most of the protests and blockades of major roads have been ended…

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