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Energy / Energy-General

What Was The Best Performing Oil Major In 2020?

Jan 29, 2021 at 15:28 | Rystad Energy

Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil, a Rystad Energy comparative analysis reveals after measuring key upstream performance…

One Of The World’s Oldest Oil Regions Is Being Reinvigorated

Jan 29, 2021 at 15:27 | Viktor Katona

Whilst much of the Caspian is struggling to come out of COVID-induced hibernation, Azerbaijan and Turkmenistan settling one of the region’s longest-standing maritime disputes has finally brought a…

What Will The Death Of Keystone XL Mean For Canada?

Jan 29, 2021 at 15:24 | Matthew Smith

President Biden’s decision to ax the controversial Keystone XL pipeline, which had been approved by his predecessor, is a tremendous blow for Canada’s…

Electricity Market Set For A Major Rebound

Jan 29, 2021 at 15:22 | Leonard Hyman & William Tilles

It’s hard to believe, but electricity stocks used to be revered by investors the way FANGMAN stocks are today. To be more precise, they were bid up to…

The Impact Of Abandoned Oil Wells On The Environment

Jan 29, 2021 at 15:13 | Felicity Bradstock

As dozens of countries across the globe focus on reducing emissions and improving environmental practices, recent studies show that abandoned oil and gas wells could be having a…

New Vaccine Hopes Boost Oil Prices

Jan 29, 2021 at 13:57 | Tom Kool

New vaccines from both Johnson & Johnson and Novavax have added to bullish sentiment in oil markets as hopes of a return to normal grow.

OPEC's Oil Production Rises In January As Cartel Eases Output Cuts

Jan 29, 2021 at 13:10 | Tsvetana Paraskova

OPEC’s crude oil production has increased by 160,000 barrels per day (bpd) in January as the OPEC+ alliance is easing the output cuts in the first month of 2021, the…

Oil Prices Under Fire As Rig Count Continues To Rise

Jan 29, 2021 at 12:14 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 6 to 384. The oil and gas rig count has risen…

Two Oil Stocks To Watch In 2021

Jan 29, 2021 at 11:29 | Ann Gregory

The oil industry is finally recovering from COVID, with prices over $50 - and have been climbing.  But it probably won’t be the barely profitable U.S. shale patch that will…

Oil Rises On Expectations Of Tighter Market

Jan 29, 2021 at 10:11 | Tsvetana Paraskova

Oil prices rose by more than 1 percent early on Friday, supported by expectations of a tightening market ahead and a weaker U.S. dollar. As of 10:02 a.m. ET on…

Tiny Oil Company Gets 1000% Wall Street Bets Bump

Jan 29, 2021 at 08:32 | Irina Slav

An oil company producing the equivalent of 70 barrels of oil daily surged in value almost 1,000 percent to $128 million thanks to a surge in trading activity coming from…

Biden Could Send Electric Vehicle Stocks Soaring

Jan 28, 2021 at 20:44 | Joshua Matthias

Electric vehicle stocks have been on fire this past year, outperforming every other sector in the market. The sector’s favorite benchmark--Global X Autonomous & Electric Vehicles ETF (DRIV)--has climbed 75.3%…

Why Saudi Arabia Wants To Sell More Of Its Oil Giant

Jan 28, 2021 at 15:28 | Cyril Widdershoven

Saudi Aramco, the world’s largest oil company, is about to make headlines again. In a surprise statement by Saudi Crown Prince Mohammed bin Salman during an interview at…

Can Big Oil Surprise This Earnings Season?

Jan 28, 2021 at 15:23 | Irina Slav

Rising oil benchmarks and rebounding share prices: two things Big Oil majors had all but forgotten last year. Yet helped by OPEC+ and Big Pharma, the world’s largest oil companies…

Global Natural Gas Demand Set To Rebound After Pandemic Shock

Jan 28, 2021 at 15:02 | Tsvetana Paraskova

Natural gas demand in the world saw its largest drop on record last year as COVID-19 reduced economic activity and upended all previous forecasts for continuous growth in global gas…

Will Oman Hit Its Lofty Oil Output Goals?

Jan 28, 2021 at 14:56 | Simon Watkins

Facing a budget deficit this year alone that may reach 18 per cent of GDP, according to S&P Global Ratings, and budget deficits averaging at least 15 per cent per…

Argentina Struggles To Save Its Oil Boom

Jan 28, 2021 at 13:13 | Viktor Katona

Argentina’s national state oil company YPF just cannot function in a stable and foreseeable manner, an apprehension that was rekindled by Guillermo Nielsen stepping down from his post of company…

China Continues To Be Main Driver For Oil Demand in 2021

Jan 28, 2021 at 12:45 | Charles Kennedy

Expanding refining capacity in the world’s largest oil importer, China, continues to support the global oil market and demand, even at times when demand elsewhere is tepid, participants said at…

Reddit Day-Trader Frenzy Sends Silver Prices Soaring

Jan 28, 2021 at 12:04 | MINING.com

Reddit investors have discovered silver, with everything from silver miners, silver ETFs and the…

OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices

Jan 28, 2021 at 11:05 | Irina Slav

The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secretary-general of the cartel said. “I…

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