3 hoursFalling Gasoline Prices Keep Inflation In Check
4 hoursFrench Nuclear Giant Sues Government For $8 Billion
4 hoursU.S. Refiners See Demand Holding Strong Through Year-End
5 hoursU.S.-Europe Oil Tankers Hit Blowout Day Rates
6 hoursFreeport LNG Retracts Force Majeure, Leaving Buyers On The Hook For $8 Billion
7 hoursFitch: Global Coal Price Rally Could Last For Years
8 hoursSky High Prices Cause Record-Breaking Energy Debt In The UK
8 hoursOPEC’s Oil Exports Are Rising In August
9 hoursIran Nuclear Talks Move Close To Deal
10 hoursMusk Sells Another $6.9 Billion In Tesla Shares
11 hoursRussia Set To Resume Pipeline Oil Exports Via Ukraine
12 hoursPioneer CEO: New Tax Bill Could Put Small Drillers In Jeopardy
1 dayAPI Sees Another Surprise Build In Crude Inventories
1 dayEIA Lowers U.S. Oil Production Forecast
1 dayGermany May Consider Lifting Its Ban On Fracking Amid Energy Crisis
1 dayUK Plans On Power Outages This Winter
1 dayMost U.S. Oil And Gas Firms At Risk Of Cyberattack: Study
1 dayUK’s Centrica Signs $8.5B Long-Term Deal To Import U.S. LNG
1 dayGerman Energy Regulator Says Gas Conservation Could Work
1 dayU.S. Solar Industry Faces New Wave Of Disruptions
1 dayBuffett Boosts Oxy Stake Above 20%
1 dayRussia Halts Oil Pipeline Exports To Europe Via Ukraine
2 daysThird Oil Tank Catches Fire In Massive Fire In Cuba
2 daysIran Nuclear Talks End With ‘Final Text’, No Agreement
2 daysRussia’s Spot Crude Prices Rebound As China And India Snap Up Cargoes
2 daysShell: UK North Sea Needs Investments In New Oil And Gas Projects
2 daysAnalyst: Oil To Hit $120 Again By Winter
2 daysBritons Advised To Stop Showering To Conserve Energy
2 daysChina’s Oil Processing Could Slow Amid Teapot Tax Probe
2 daysIAEA Sees "Very Real Risk Of A Nuclear Disaster" In Ukraine
2 daysSenate Democrats Pass Climate Bill
5 daysTurkey Agrees To Pay For Russian Gas With Rubles
5 daysRussian Refinery Returns To Operations After Drone Strike
5 daysTullow Comes Up Empty In Guyana Offshore Oil Well
5 daysPutin Signs Decree That Bans “Unfriendly” Investors From Selling Energy Stakes
5 daysGermany’s Power Prices Hit Record-High As Utilities Limit Output
5 daysNorway Considers Limiting Electricity Exports To Prevent Domestic Crunch
5 daysJapan Asks Mitsui, Mitsubishi To Stay On In Crucial Sakhalin-2 Project
5 daysDry Weather To Impact Europe’s Power Generation Through September
5 daysYemen’s Houthis Claim Saudi-Backed Coalition Looted $13B In Oil
3 minutesAustralian power prices go insane
7 minutesWind droughts
11 minutes What Russia has reached over three months diplomatic and military pressure on West ?
3 hoursGREEN NEW DEAL = BLIZZARD OF LIES
36 minsIs Europe heading for winter of discontent with extensive gas shortages?
25 minsHopes Are Dashed For International Oil Companies In North Iraq
1 dayChanging Gazprom ADRs to Russian shares
1 hour"The Global Digital ID Prison" by James Corbett of CorbettReport.com
1 hour87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
8 hoursOil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
5 days"How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
As the oil price war continues, with the Saudis holding out and flooding the market with oil, the next logical stage is full-beyond-capacity storage facilities. It’s a situation that has some worried we could see oil drop below $10 a barrel.
Last week, we said that our high-level sources are confident that the Saudis will not let this completely destroy the American shale patch, while the Russians are gunning for just that. Our sources still stand by that scenario from the Saudi perspective, while the Russians are getting media out there to the effect that the U.S. is about to lose the war over European market share.
But what is happening here is that the oil price war is being compounded by the coronavirus and a near-global slowdown of activity, so we’re going to reach $15 oil a lot faster than we would otherwise.
The difficult part to predict will be the psychology of MBS and Putin - two very strong personalities who cannot back down without a clear, agreed-upon path that makes it look like they both won in different ways.
But Russia stands to lose nearly $40 billion in this game, and the Saudis can withstand more. MBS will force Russia to blink first, even if Moscow insists it’s going to keep pumping all the way to $10 oil. Saudi Arabia on Wednesday said it would pump 12.3 million bpd into the market over the coming months as a direct challenge to Russia. The…
Time To Blink In COVID-Infected Oil Price War
As the oil price war continues, with the Saudis holding out and flooding the market with oil, the next logical stage is full-beyond-capacity storage facilities. It’s a situation that has some worried we could see oil drop below $10 a barrel.
Last week, we said that our high-level sources are confident that the Saudis will not let this completely destroy the American shale patch, while the Russians are gunning for just that. Our sources still stand by that scenario from the Saudi perspective, while the Russians are getting media out there to the effect that the U.S. is about to lose the war over European market share.
But what is happening here is that the oil price war is being compounded by the coronavirus and a near-global slowdown of activity, so we’re going to reach $15 oil a lot faster than we would otherwise.
The difficult part to predict will be the psychology of MBS and Putin - two very strong personalities who cannot back down without a clear, agreed-upon path that makes it look like they both won in different ways.
But Russia stands to lose nearly $40 billion in this game, and the Saudis can withstand more. MBS will force Russia to blink first, even if Moscow insists it’s going to keep pumping all the way to $10 oil. Saudi Arabia on Wednesday said it would pump 12.3 million bpd into the market over the coming months as a direct challenge to Russia. The word from Riyadh is that Moscow isn’t being taken seriously.
It looks like the Saudis will win this one eventually, but Putin is an unpredictable variable.
Mega-Merger In the Time of Coronavirus
While the oil and gas industry is battling to stop companies from going bust, a major acquisition deal is now underway to form one of the world’s largest pure-play renewable energy companies.
Brookfield Renewable Partners (NYSE:BEP) - a Brookfield Asset Management (NYSE:BAM) subsidiary - will acquire the remaining 38% stake in TerraForm Power (NASDAQ:TERP), giving Brookfield 100% ownership.
BEP already owns about 19,000 megawatts of installed capacity, with the bulk of that being hydroelectric power. Beyond that, we’re looking at 13,000 megawatts of projects in the works. Then we add TerraForm, which gives Brookfield another 4,200 megawatts of already installed capacity (this time in solar and wind).
Altogether, this will be a pure-play renewable energy giant with some $50 billion in assets.
To access this exclusive content...
Select your membership level below
COMMUNITY MEMBERSHIP
(FREE)
Full access to the largest energy community on the web
The Saudis and the Russians are not really at war, don't believe it for one moment, do you really think they would go into this pricing dispute without calculating and predicting a profitable outcome resulting from shorting of their own commodities, they have the means to hire very smart specialists with experience of swimming in those murky waters, before the whole thing started. Very well orchestrated I must add! and above all very quiet!
The real losers are the Western Canada Tar Sands Producers and the fracking operators in the North American continent. Also, amazing how fast the USA strategic reserve was filled and continued to be filled with this cheap oil.
1973 was the last time I witness something like that, however, that one was not pre-organized.
Brett Blaikie on March 20 2020 said:
there are multiple arguments and interests: end of the day Russia pays their workers in rubles
Victor Edwards on March 21 2020 said:
The people of the world win, for they will now suddenly realize that the world can indeed survive without Big Oil. This is a turning point for the demise of fossil fuel sources of power, and the disappearance of internal combustion engines, an idea that has passed.
The real losers are the Western Canada Tar Sands Producers and the fracking operators in the North American continent. Also, amazing how fast the USA strategic reserve was filled and continued to be filled with this cheap oil.
1973 was the last time I witness something like that, however, that one was not pre-organized.