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Energy

Mexico Refinery Explosion Leaves Seven Injured

Apr 08, 2021 at 15:15 | ZeroHedge

A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters. …

Big Oil Set To Return To Profit In 2021

Apr 08, 2021 at 13:18 | Felicity Bradstock

Vitol, Shell and Exxon are all expected to announce profits in Q1 2021 following a turbulent 2020. The three companies are profiting from increased oil demand and a…

Investors Rush To Oil Stocks Despite ESG Push

Apr 08, 2021 at 12:56 | Irina Slav

Oil and gas companies have been in the crosshairs of public outrage for years now and the pressure has only been growing, with a new emerging breed of investors pressuring…

Ecuador's Oil Industry Desperately Needs A Miracle

Apr 08, 2021 at 12:19 | Matthew Smith

Over the last decade it has been a wild ride for Ecuador’s trouble-plagued but economically crucial oil industry. Former president Rafael Correa’s heavy-handed policies, centered around oil nationalism…

Oil Slips As COVID Resurgence Threatens Demand Recovery

Apr 08, 2021 at 11:01 | Tsvetana Paraskova

Oil prices dropped early on Thursday, following a record number of new daily COVID cases in major oil consumer India and a jump in U.S. gasoline stocks estimated by the…

GM Shares Secrets About Its New Revolutionary Battery Tech

Apr 08, 2021 at 10:05 | Irina Slav

GM shed some light on its EV tech research to produce much cheaper EV batteries, which will be key for its EV transformation. The automaker is experimenting with different types…

India Looks To Buy More Iranian Oil As Spat With Saudis Escalates

Apr 08, 2021 at 09:08 | Julianne Geiger

India is at the ready to purchase more Iranian oil immediately if U.S. sanctions on Iran are lifted, a government official has threatened in the latest escalation of the India-Saudi…

The U.S.-China Trade War Isn’t Over Yet

Apr 07, 2021 at 17:51 | Alex Kimani

When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part…

What Caused The Saudi-India Oil Rift?

Apr 07, 2021 at 17:40 | Irina Slav

A match has been going on in global oil, which has stayed largely out of the spotlight as the world focuses on the pandemic and its effect on…

EIA Increasingly Optimistic About Oil Demand Growth

Apr 07, 2021 at 14:35 | Tsvetana Paraskova

A stronger global economy this year is set to accelerate oil demand growth to 5.5 million barrels per day (bpd), the U.S. Energy Information Administration (EIA)

Tim Cook Finally Opens Up About The Much-Hyped Apple Car

Apr 07, 2021 at 14:33 | Haley Zaremba

After the novel coronavirus tore through communities worldwide and left a path of economic and public health devastation in its wake, many sectors are still struggling to recover.…

Optimism Grows Over Oil Demand Recovery

Apr 07, 2021 at 14:29 | Felicity Bradstock

OPEC and partners are betting on a significant boost in oil demand over the coming months as member states get ready to ramp up oil production. 

The Oil Industry Receives An Unexpected Boost From Biden

Apr 07, 2021 at 13:51 | Haley Zaremba

The election of President Joe Biden has been the cause of much hand-wringing in the United States oil and gas sector. The current…

Mining Giant Rio Tinto Starts Lithium Production In The U.S.

Apr 07, 2021 at 13:08 | MINING.com

Rio Tinto (ASX, LON, NYSE: RIO) has kicked off lithium production…

OPEC+ Was Wise To Ease Output Cuts Despite Demand Concerns

Apr 07, 2021 at 12:11 | Yousef Alshammari

Oil prices are pulling back this week as concerns about the rising number of COVID-19 cases and imposed lockdown measures in Europe and many other countries around the…

Optimism Returns To Canada's Oil Industry

Apr 07, 2021 at 10:03 | Charles Kennedy

Optimism is returning to the Canadian oil industry as demand rebounds and production follows, Bloomberg has reported, citing the chief of the Canadian Association of Petroleum Producers. "There's no…

Rising Fuel Stocks Push Oil Prices Lower

Apr 07, 2021 at 09:43 | Irina Slav

Crude oil prices fell on Wednesday after the Energy Information Administration reported a crude oil inventory draw of 3.5 million barrels for the week to April 2 along with…

UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub

Apr 06, 2021 at 17:50 | Simon Watkins

Three key developments were announced last week by the UAE in line with its role as a principal member of the U.S.’s new Middle East strategy to counter China’s…

Iran’s Comeback To Oil Markets Unlikely To Cause Price Crash

Apr 06, 2021 at 17:49 | Alex Kimani

Oil investors now have to contend with another wildcard: Iran soon returning to the oil markets. After a three-year layoff, Iran could be poised to officially rejoin the ranks of…

Why Has President Biden Sidelined Natural Gas?

Apr 06, 2021 at 16:53 | Irina Slav

“Build Back Better” was the slogan that accompanied the Biden administration’s initiative for economic recovery after the pandemic. The actual plan that the administration released was titled the “American Jobs…

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