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Uncertainty Drives Investors to Oil Stocks

Uncertainty Drives Investors to Oil Stocks

The reason that investors have…

Energy / Energy-General

Bullish Sentiment Brings $90 Oil Within Reach

Mar 26, 2024 at 08:43 | Michael Kern

In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts…

OPEC Sees No Need for Policy Change Proposal at Next Week’s Meeting

Mar 25, 2024 at 09:24 | Charles Kennedy

OPEC and the broader OPEC+ group do not see any need to propose a change to the current oil production policy when the Joint Ministerial Monitoring Committee (JMMC) meets next…

Decentralized Renewable Energy Helps Ukraine Weather Russian Attacks

Mar 25, 2024 at 09:07 | RFE/RL staff

Vadym Kolisnyk stands on a rooftop on the eastern edge of Zhashkiv. It’s the end of February, and the dark and fog that shroud central Ukraine for much…

Black Sea Disruptions, Oil Prices Threaten Kazakhstan's Growth

Mar 25, 2024 at 08:59 | Eurasianet

Kazakhstan is expected to remain on a stable growth trajectory for the next two years, driven by continued carbon use and increased consumer spending, according to World Bank…

U.S. Oil Exports Hit a New Record High in 2023

Mar 25, 2024 at 08:51 | Robert Rapier

Fresh on the heels of a new U.S. oil production record and establishment of the U.S. as the world’s top liquefied natural gas (LNG) exporter, this week the…

U.S. Oil, Gas Drilling Activity Slows

Mar 22, 2024 at 12:09 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States fell by 5 this week, according to new data that Baker Hughes published on Friday,…

China Buys Up Russian Oil

Mar 22, 2024 at 10:01 | Editorial Dept

1. As TMX Starts Line Fill, China Takes Centre Stage - Canadian crude will start flowing to China…

Self-Heating Concrete Paves the Way for Easier Winters

Mar 22, 2024 at 09:59 | Brian Westenhaus

Drexel University researchers recently reported on the science behind its special concrete, that can warm itself up when it snows, or as temperatures approach freezing.

Hopes of a Gaza Ceasefire Are Putting Oil Prices Under Pressure

Mar 22, 2024 at 09:57 | Michael Kern

Renewed hopes of a ceasefire in Gaza and U.S. efforts to halt Ukrainian attacks on Russian refineries have added some downward pressure to oil prices. Despite this downward pressure, bullish…

Azerbaijan Charts New Energy Course Amid Caspian Uncertainty

Mar 22, 2024 at 09:57 | Eurasianet

Azerbaijan could prove a winner as the war in Ukraine continues to reshuffle the Caspian Basin energy-supply deck. But uncertain investment and financing prospects, as well as questions…

How Bosnia Becomes a Battleground for Chinese Energy Influence

Mar 22, 2024 at 09:55 | RFE/RL staff

The wild horses meandering through the rock-strewn hills of western Bosnia-Herzegovina amid towering white windmills make for a tranquil scene. And one of the last places…

The U.S. Recession Myth That Tanked Oil Price Predictions in 2023

Mar 22, 2024 at 09:48 | Irina Slav

Oil prices have become very difficult to predict. This is the latest outtake from CERAWeek where analysts discussed how so many of them managed to get 2023 prices…

EU Proposes Using Profits from Seized Russian Assets to Aid Ukraine

Mar 22, 2024 at 09:48 | RFE/RL staff

The European Union is inching closer to a historic decision to use windfall profits accumulated by frozen assets in the bloc belonging to the Russian Central Bank and…

Texas Fund Manager: BlackRock "Misusing Funds" to Push ESG Agenda

Mar 22, 2024 at 09:42 | ZeroHedge

The examples of the ESG fraud imploding over the last 6 months simply aren't stopping. The latest has come from Texas, where the state is now…

Oil Industry Executives Say Oil Demand Is Beating Forecasts

Mar 22, 2024 at 08:21 | Tsvetana Paraskova

Global oil demand is stronger than expected with robust growth in all economies across the board, oil industry executives at the CERAWeek conference have said this week, adding that they…

Will Waning Gasoline Demand Drag Oil Prices Down?

Mar 22, 2024 at 06:36 | Editorial Dept

West Texas Intermediate Crude Weekly Analysis This week's crude oil market has been marked by several significant events influencing May West Texas Intermediate (WTI) futures. The trends observed ranged from…

The U.S. to Call for an Immediate Ceasefire in Gaza

Mar 22, 2024 at 06:34 | Editorial Dept

Politics, Geopolitics & Conflict With his campaign for re-election in full swing, Venezuela’s Nicolas Maduro has managed to get lawmakers to approve the creation of a new state out of…

Explaining the Market’s Reaction to Jerome Powell’s Speech

Mar 22, 2024 at 06:32 | Editorial Dept

Yesterday, Jay Powell and the FOMC gave us their decision on interest rates. In the accompanying statement and the subsequent press conference given by Fed Chair Jay Powell, they explained…

Sudan's Civil War Sparks Oil Supply Concerns

Mar 22, 2024 at 06:31 | Editorial Dept

When Sudan’s civil war broke out in April last year, markets stood by for a few weeks to see if the war would impact oil exports from Sudan, which has…

Texas Takes a Stand Against the Radical ESG Agenda

Mar 21, 2024 at 16:23 | Alex Kimani

Three years ago, Texas passed two laws in 2021 that restrict the state from doing business with companies that are deemed to be hostile to fossil fuels and firearm…

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