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Energy

Big Oil Is Leading The Charge In The Renewable Revolution

Dec 27, 2021 at 08:55 | Robert Rapier

The energy revolution, accelerated by the pandemic, is changing the DNA of the oil and gas industry at its core. In a recent interview Glynn Williams,…

Saudi Exports Surge On Higher Oil Prices

Dec 27, 2021 at 07:57 | Irina Slav

Saudi exports surged in October on the back of higher oil prices, which hit a 2021 peak during that month. Saudi Arabia exported goods and commodities worth a total $28…

LNG Shippers Are ''Printing Money'' Despite Huge Volatility

Dec 27, 2021 at 06:29 | ZeroHedge

Shippers of containerized goods were caught off guard this year. Never before had container spot rates risen so far, so fast. But shippers of liquid and dry…

Saudi Arabia Doubles Down On Asian Demand

Dec 27, 2021 at 06:06 | Gerald Jansen

The rapid spread of the Omicron variant has been spooking the oil community at large and despite OPEC shrugging off any major demand disruption in its short-term forecasts, it…

Cocaine, Guns And Gushers: Colombia’s Oil Industry Struggles To Reactivate

Dec 24, 2021 at 08:08 | Matthew Smith

Despite the groundbreaking 2016 peace deal between the Colombian government and the largest guerilla group the Revolutionary Armed Forces of Colombia (FARC – Spanish initials) there are fears…

Southeast Asia’s Oil And Gas Output May Never Recover To Pre-COVID Levels

Dec 24, 2021 at 08:00 | Rystad Energy

The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production, pushing the region’s output in 2021 to below 5 million…

Brazil Rushes Ahead With Key Oil Projects As Prices Remain Elevated

Dec 24, 2021 at 07:51 | Felicity Bradstock

With Brazilian oil demand set to continue, Petrobras is making big plans for oil and gas as well as testing the water with greener fuels, although it is…

U.S. Exchanges Eye Indian Tech And Energy As Chinese Companies Get The Boot

Dec 24, 2021 at 07:47 | ZeroHedge

The federal government is about to finally force Chinese companies to de-list from American exchanges for refusing to adhere to American accounting standards. And for the last five months since…

Energy Groups Call For Government Intervention As Power Prices Skyrocket

Dec 24, 2021 at 07:35 | City A.M

Trade Association Energy UK – which represents over 100 members – has described record wholesale gas and power prices as a “market-wide crisis” and has criticized chancellor Rishi…

U.S. Oil Rig Count Jumps Along With Crude Prices

Dec 23, 2021 at 12:31 | Charles Kennedy

The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh…

Tight Crude Inventories Push Oil Prices Back To Mid-$70s

Dec 23, 2021 at 11:47 | Tom Kool

Oil prices have risen back to the mid-$70s this week as a result of tighter U.S. crude inventories and a force majeure on Libyan crude oil exports.

Commodity Traders Find Huge Arbitrage Opportunity As LNG Ships Head For Europe

Dec 23, 2021 at 10:59 | ZeroHedge

A breakneck rally in European natural gas prices continued Tuesday, catapulting the benchmark to a new record high with premiums above Asia and…

South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022

Dec 23, 2021 at 10:06 | Tsvetana Paraskova

South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nations to lower…

U.S. LNG Cargoes Flock To Europe Amid Record-High Gas Prices

Dec 23, 2021 at 09:09 | Tsvetana Paraskova

At least 30 tankers with liquefied natural gas from the United States are headed to Europe, where the gas and energy crisis has pushed regional LNG prices way above the…

Iran Guns For Top Position In Middle East Petrochemicals Market

Dec 22, 2021 at 17:47 | Simon Watkins

Now that its Guriyeh-Jask oil pipeline has been finalised, Iran’s core focus in any sanctions environment remains the ongoing development of…

Germany’s Reaction To The Energy Crisis Could Be Catastrophic

Dec 22, 2021 at 11:13 | Julianne Geiger

The European gas crisis has hogged energy headlines for months. But that hasn’t stopped Germany from retiring half of its nuclear capacity by the end of the year…

Oil Supply Crunch Could Trigger A String Of Energy Crises

Dec 22, 2021 at 11:00 | Tsvetana Paraskova

While oil markets are concerned about the immediate hit to demand from the Omicron COVID surge and a looming oversupply, officials at oil-producing countries and industry executives have…

U.S. LNG Exporters Stand To Benefit From EU Energy Crisis

Dec 22, 2021 at 10:52 | Alex Kimani

A severe shortage of natural gas, declining wind power output, nuclear outages, and cold weather have conspired to hand Europe one of its worst energy crises on record.…

Airline Executives Plead With Governments To Ease Restrictions

Dec 22, 2021 at 10:42 | Safehaven.com

Nowadays, the travel industry never seems to catch a proper break. After enduring extended downtime last year and early this year due to global lockdowns associated with the…

Coal On Track To Break Records Despite Efforts To Curb Production

Dec 22, 2021 at 10:13 | Felicity Bradstock

Coal production is set to hit an all-time high according to the International Energy Agency (IEA) despite the curbing of production across several countries and aims for decarbonization…

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