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Oil Tops $75 On Shrinking U.S. Crude Inventories

Oil Tops $75 On Shrinking U.S. Crude Inventories

Brent crude futures topped $75…

U.S. LNG Exports Jump To Record In H1 2021

U.S. LNG Exports Jump To Record In H1 2021

Rising spot demand in both…

Energy

Automakers Take Multi-Billion Profit Hit As Battery Metals Boom

Jul 26, 2021 at 12:44 | Tsvetana Paraskova

Rising prices of critical electric vehicle (EV) metals are denting the profits of global automakers, just as a growing number of legacy carmakers are investing more in zero-emission…

U.S. Shale Is Scrambling To Reinvent Itself

Jul 26, 2021 at 12:33 | Haley Zaremba

Oil has dominated global economics and dictated the shape, terms, and function of the geopolitical map for nearly 200 years. While two centuries is the merest of blips…

Growing Activist Pressure Puts Key Middle East Oil Deal On Hold

Jul 26, 2021 at 12:22 | Felicity Bradstock

A UAE oil transport deal is now on hold due to environmental concerns from Israel’s environmental protection ministry following pressure from activists. The agreement between the…

Big Oil Doubles Down On Brazil’s Exploding Offshore Sector

Jul 26, 2021 at 12:06 | Tsvetana Paraskova

Big Oil is betting big on oil exploration offshore Brazil, where the prolific pre-salt basin promises a lot of additional supply over the coming years. From Shell to Exxon, many…

Iraq Oil Expert: Baghdad Shouldn't Replace Oil With Renewables

Jul 26, 2021 at 10:42 | Tsvetana Paraskova

It is not in Iraq's best interest to adopt renewable energy at the expense of fossil fuels, energy and oil expert Hamza al-Jawaheri told local Shafaq News Agency in an…

Oil Opens Lower As Delta Variant Fears Clash With Tight Supply

Jul 26, 2021 at 09:30 | Tsvetana Paraskova

Oil prices were trading slightly down early on Monday after having fallen 1 percent in Asia trade, as the bullish factor of tight market countered the bearish factor of the…

Top Oilfield Service Providers See Multi-Year Recovery Ahead

Jul 26, 2021 at 08:57 | Tsvetana Paraskova

The three largest oilfield services providers in the world expect the vaccine-driven recovery in global oil demand to continue through the coming quarters and lead to the next upcycle in…

Why Short Sellers Are Desperately Trying (And Failing) To Sink Recon Africa

Jul 25, 2021 at 18:12 | James Stafford

When a small, ambitious exploration company starts drilling in a 6.3-million-acre onshore oil play, the vultures descend. In the case of Reconnaissance Energy Africa (TSXV:RECO; OTC:RECAF), those vultures…

Can Iran Avoid A Major National Uprising?

Jul 23, 2021 at 13:06 | Cyril Widdershoven

As Iran is preparing for the inauguration of elected president Ebrahim Raisi, a move that will consolidate the power of the ultra-conservative forces that support Ayatollah Ali Khamenei,…

Natural Gas Stocks Still Have Major Upside

Jul 23, 2021 at 12:53 | Alex Kimani

After an epic, pandemic-induced crash in 2020, the U.S. stock market has gone back to winning ways and is enjoying yet another bumper season in the current year.…

Big Oil Faces Mounting Pressure To Cut Upstream Emissions

Jul 23, 2021 at 12:33 | Tsvetana Paraskova

Pressure is mounting on the oil and gas sector to clean up its act and reduce emissions from operations, the so-called Scope 1 and Scope 2 emissions. 

The Net-Zero Narrative Is Riddled With Holes

Jul 23, 2021 at 12:27 | Irina Slav

When the International Energy Agency released its Roadmap to Net Zero report, OPEC slammed it as “destabilizing.” Russia…

Russia Is Finally Embracing The Electric Vehicle Boom

Jul 23, 2021 at 12:24 | Felicity Bradstock

Late in the race, Russia has recently announced investments targeting electric vehicle (EV) growth in an attempt to catch up with the transition across the rest of Europe.…

U.S. Rig Count Climbs As Oil Prices Recoup Losses

Jul 23, 2021 at 12:18 | Julianne Geiger

The number of oil and gas rigs in the United States is up 7 this week, according to Baker Hughes, which pegged the total rig count at 491, up 240…

Middle East Oil Giants Grapple With Cyberattacks

Jul 23, 2021 at 12:17 | Cyril Widdershoven

As the global oil and gas markets are recovering from the steep sell-off last Monday, threats in the market are not just linked to demand-supply concerns.

Marine Fuel: The Next Market Share Battleground In Asia

Jul 23, 2021 at 12:12 | Alex Kimani

For decades, Singapore has been the world's pre-eminent marine fuel hub, accounting for 21% of the 230 million metric tonnes global bunker market.…

Extreme Flooding Weighs On China’s Energy Supply Chain

Jul 23, 2021 at 12:08 | Haley Zaremba

An entire year’s worth of rain fell in the span of just a few days in central China, devastating the city of Zhengzhou,…

Oil Prices Recover After Manic Monday

Jul 23, 2021 at 11:28 | Tom Kool

Despite a major oil price crash on Monday, oil prices are now on course to close out the week more or less unchanged.

Clash Of the Energy Titans: Oil vs. Solar

Jul 23, 2021 at 10:55 | Julianne Geiger

The war between the oil and gas industry and renewables has been raging for years—but this time the battle is a literal one, over land. This particular dispute is between…

Deadly Typhoon Threatens Strategic Chinese Oil Hub

Jul 23, 2021 at 10:02 | Charles Kennedy

The In-fa typhoon, which caused devastating flooding in parts of China this week—claiming at least 33 lives—is expected to make landfall this weekend in a key area hosting some…

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