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Energy

China’s Oil Demand Recovery May Be More Impressive Than Thought

Sep 15, 2020 at 12:04 | Tsvetana Paraskova

China has supported oil markets with its purchases of record volumes of crude oil in recent months, but it has also imported doubled volumes of fuel blending products, suggesting that…

Oil Prices Rise On Hurricane Outages

Sep 15, 2020 at 10:52 | Tom Kool

Oil prices rose on Tuesday afternoon, ahead of the weekly crude inventory data releases, but traders remain concerned about the pace of the recovery in global oil markets. …

The Latest Threat For China’s Natural Gas Demand

Sep 15, 2020 at 10:03 | Irina Slav

A drive to cut electricity prices for end-users has prompted Beijing to reduce gas-fired power plant tariffs, which has threatened the survival of many of them, Wood Mackenzie reports,…

U.S. Shale Production Continues To Decline

Sep 15, 2020 at 09:07 | Irina Slav

Crude oil production in the U.S. shale patch is set to decline by 68,000 bpd next month, with every play registering declines in output except the Permian, the Energy Information…

Libya’s Oil Deal Could Be A Serious Bearish Catalyst For Crude Markets

Sep 14, 2020 at 18:07 | Cyril Widdershoven

OPEC turns 60 years today, but the celebration has been postponed in the light of the ongoing pandemic. The combination of demand destruction caused by COVID-19,…

This Small Nation Is Building The World’s Next Major Energy Hub

Sep 14, 2020 at 17:49 | Simon Watkins

Given the very modest scale of Oman’s hydrocarbons resources (only around five billion barrels of estimated proved oil reserves, barely the 22nd largest in the world) compared to those of…

Trump Administration Shocks Oil Industry With Biofuel Waiver Decision

Sep 14, 2020 at 16:40 | Julianne Geiger

After shocking the oil industry with last week’s extension to a coastal drilling ban offshore Florida, Georgia, and a handful of other states, the Trump Administration said on Monday that…

Second Wave Of COVID Could Crush Road Fuel Recovery

Sep 14, 2020 at 16:00 | Charles Kennedy

A resurgence of coronavirus cases in many parts of the world over the next few months will be the main hurdle to global demand for gasoline and diesel recovering to…

Big Tech Still Loves The Oil Business

Sep 14, 2020 at 13:34 | Irina Slav

When Google earlier this year announced that it would stop making AI products for the oil and gas industry, prompted by a revelatory…

CFTC Report: Financial Markets Under Threat From Climate Change

Sep 14, 2020 at 12:24 | Leonard Hyman & William Tilles

When an advisory panel chartered by the Commodities Futures Trading Commission (CFTC), one of the Trump administration’s regulatory agencies, warns, unanimously, that climate change threatens the stability of our financial…

Oil Market Sentiment Shifts As Supply Concerns Mount

Sep 14, 2020 at 11:28 | Yousef Alshammari

Oil markets are spiraling downwards as bearish factors mount and sentiment shifts. One of these factors is the concerns over rising exports from OPEC+ in Q3, with the…

BP: Oil Demand Growth is Dead

Sep 14, 2020 at 10:58 | Irina Slav

The world is past the era of growing crude oil demand, BP said in its annual energy outlook report, which was released today. The message of the outlook, according…

Citi Bank Sees $60 Oil In 2021

Sep 14, 2020 at 09:59 | Tsvetana Paraskova

Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which…

Oil Prices Fall As Libyan General Pledges To Reopen Ports

Sep 14, 2020 at 09:04 | Irina Slav

Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday.…

Where Is Future Oil Demand Going To Come From?

Sep 11, 2020 at 17:50 | Irina Slav

Rising levels of oil in floating storage, price cuts for Saudi crude, and a slowdown in Chinese imports: these were some of the factors that recently pressured oil…

Natural Gas Industry Sees Support From U.S. Voters

Sep 11, 2020 at 17:47 | Charles Kennedy

U.S. voters generally support natural gas production, but nearly half of U.S. registered voters believe the natural gas industry must do more to reduce emissions to have natural…

Will Trump Bail Out Struggling Refiners?

Sep 11, 2020 at 17:43 | Michael Kern

The Trump Administration’s biofuel boogie continues with a new plan to help ease the economic pains of refiners which have been denied waivers through a series of potential…

$65 Oil And $5000 Gold: Traders Expect Volatility In Key Commodities

Sep 11, 2020 at 17:42 | Tsvetana Paraskova

The year of the pandemic put two commodities under the spotlight, but for different reasons. Gold prices hit an all-time high in August, while crude oil slipped into…

The Net Zero Emissions Lie

Sep 11, 2020 at 17:41 | Josh Owens

Cutting carbon emissions has become a central focus of countries and companies alike in the past decade. The oil majors are racing to ‘go green

Russia Could Get Forced Out Of Africa's Hottest Offshore Oil Play

Sep 11, 2020 at 17:24 | Viktor Katona

Times are tough for Russian oil companies. In the post-Crimean era where sanctions have become the new normal, oil prices above 40-45 per barrel have guaranteed a sustainable…

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