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Energy

Cities Around The World Are Trying To Cut Out Natural Gas

Dec 17, 2021 at 15:08 | Felicity Bradstock

New York is the latest of several American and European cities to announce new gas-use curbing policies, through a ban on natural gas connections to new housing. There…

Tight U.S. Oil Inventories Prop Up Oil Prices

Dec 17, 2021 at 14:04 | Tsvetana Paraskova

U.S. oil demand and inventories have offered support to oil prices in recent months and, volatility excluded, have continued to do so, with stocks below the five-year average…

GM Delivers First Electric Hummers To Customers

Dec 17, 2021 at 13:10 | ZeroHedge

General Motors President Mark Reuss spoke with CNBC's Phil LeBeau during "Squawk on the Street" about the first shipments of its GMC Hummer EV to customers.  The Hummer EV is an…

Oil Rig Count Rises Despite Omicron Uncertainty

Dec 17, 2021 at 12:39 | Julianne Geiger

The number of active drilling rigs in the United States this week rose by 3, according to Baker Hughes. The total rig count rose to 579—a figure that is 233…

Surge In Omicron Cases Spooks Oil Traders

Dec 17, 2021 at 12:05 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are edging lower on Friday, putting the market in a position to post a slightly lower close for the week. Although the market…

U.S. LNG Exports Heading For An All-Time High

Dec 17, 2021 at 12:03 | Editorial Dept

1. Indian Oil Demand Is Firing on All CylindersBrushing aside Omicron concerns, Indian downstream players…

Is Libya On The Brink Of Another Civil War?

Dec 17, 2021 at 12:00 | Editorial Dept

Geopolitics, Politics & Conflict In Libya, where elections are supposed to be held on December 24th, there has been a delay in approving the official candidate list, which could mean…

A Perfect Contrarian Trade For Christmas

Dec 17, 2021 at 11:57 | Editorial Dept

There is very little I love more than a contrarian trade with a great risk/reward ratio. There is something satisfying about opposing conventional wisdom and being right, and when you…

Why Russia Is Threatening To Invade Ukraine

Dec 17, 2021 at 11:53 | Editorial Dept

As Russian troops line up on the Ukrainian border, Putin is warning the UK against any eastward NATO expansion that the Kremlin would view as encroaching on its…

Why Ted Cruz Wants Bitcoin Miners In The Lone Star State

Dec 17, 2021 at 11:34 | Felicity Bradstock

Crypto-enthusiasts believe the digital currency could become closely interwoven with the energy industry of the future, improving ageing infrastructure downfalls as well as helping to reduce carbon emissions.…

Electric Cargo Planes: The Next Stage Of Amazon’s Delivery Transformation

Dec 17, 2021 at 11:30 | Alex Kimani

Flying cars, also known as electric air taxis, have been around us for a long time thanks to sci-fi staples such as “Back to the Future”

Coal Use Is Reaching Record Levels In India And China

Dec 17, 2021 at 11:25 | City A.M

The International Energy Agency has called on China and India to reduce coal power generation and put their climate pledges into action, describing both countries as “holding the…

UK Gas Prices Break Records As Europe’s Energy Crisis Worsens

Dec 17, 2021 at 11:22 | City A.M

UK gas prices surged to an all-time high of 350p per therm on Thursday, up 520 percent year-to-date amid soaring demand and continued supply concerns across the continent…

Are Oil Markets Already Oversupplied?

Dec 17, 2021 at 11:17 | Tom Kool

It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners. 

Europe’s Gas Prices Plunge As Russia Signals More Supply Is Coming

Dec 17, 2021 at 11:11 | Tsvetana Paraskova

The European natural gas benchmark prices tumbled by 15% early on Friday after Russia’s gas giant Gazprom booked last-minute capacity on a pipeline to ship extra gas to Germany…

IEA: Coal Set For Record Highs In 2022 Despite Net-Zero Pledges

Dec 17, 2021 at 10:43 | Tsvetana Paraskova

The economic rebound from the pandemic is taking coal power generation to a new record high this year, with global coal demand likely hitting another new high next year, undermining…

Oil Prices Dip As Omicron Cases Surge

Dec 17, 2021 at 09:22 | Tsvetana Paraskova

Oil prices fell early on Friday and were on track for a weekly loss as the fast-spreading Omicron COVID variant increased concerns about a potential hit to oil demand, while…

Goldman Sees Oil At $100 By 2023

Dec 17, 2021 at 09:01 | Irina Slav

Goldman Sachs has forecast crude oil prices could hit $100 in 2023 as demand growth outpaces supply growth. "There's insufficient supply in the face of strong demand," said Damien…

No One Knows What’s Next For Oil Demand

Dec 16, 2021 at 15:31 | Irina Slav

The last two weeks saw three major energy organizations release their outlooks for the immediate future of oil demand. While sometimes these outlooks largely align in their projections…

India’s Solar Industry Is Desperate To Cut Ties With China

Dec 16, 2021 at 14:51 | Alex Kimani

The U.S. solar industry has lately been facing tough times thanks to supply chain constraints and rising costs for developers. A new report…

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