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Energy

Oil Perks Up With Another Crude Inventory Draw

Dec 29, 2021 at 09:42 | Julianne Geiger

Crude oil prices recovered on Wednesday morning despite word from the Energy Information Administration of an inventory draw of 3.6 million barrels for the week to December 24. At 420…

Here’s Why OPEC+ Didn’t Respond To U.S. Calls For More Oil

Dec 29, 2021 at 09:04 | Irina Slav

An ambition to provide the global oil market with clear guidance on future production plans and discipline in sticking to already agreed policies is the reason OPEC+ did not respond…

Chronic Underinvestment Could Push Oil Prices Higher In 2022

Dec 29, 2021 at 08:39 | Alex Kimani

Long-suffering Americans grappling with runaway inflation are finally enjoying some reprieve. After a relentless climb, prices at the pump have been heading south, with national average gas prices…

Top Automakers Are Fueling A Battery Plant Boom In The U.S.

Dec 29, 2021 at 08:34 | Julianne Geiger

In August, President Biden signed an executive order that set a target to make 50 percent of all new vehicles sold in the United States in 2030 zero-emission…

Tesla Remains Above $1000 Despite Musk’s $15 Billion Selling Spree

Dec 29, 2021 at 08:31 | ZeroHedge

Just hours after Wedbush's Dan Ives raised his price target on Tesla to $1,400, we found out that Elon Musk has offloaded yet…

Oil Set To End The Year On A Bullish Note

Dec 28, 2021 at 11:04 | Tom Kool

The oil markets are poised to end 2021 on a relatively high note, as concerns of Omicron impacting global demand in the same way that Delta did turned out to…

Global Oil Demand Could Reach New Heights In 2022

Dec 28, 2021 at 09:08 | Irina Slav

Oil demand suffered a severe blow last year when the initially ignored coronavirus in China spread around the world and started prompting lockdowns. Then the wave receded, and…

U.S. Gasoline Prices Haven’t Peaked Just Yet

Dec 28, 2021 at 08:31 | Irina Slav

U.S. gas prices could rise to almost $3.80 per gallon before peaking, according to new data from GasBuddy reported exclusively by CNN. According to the forecast data, the national…

EU Natural Gas Prices Tumble For Fifth Straight Day

Dec 28, 2021 at 07:20 | Irina Slav

A flotilla of U.S. liquefied natural gas carriers heading for Europe has brought relief to European gas buyers, pushing gas prices considerably lower. According to Bloomberg data, cited by…

Record-Breaking Gas Prices Prompt Iran To Boost Production

Dec 27, 2021 at 16:20 | Simon Watkins

As great as Iran’s oil reserves are, its gas reserves are even greater, with official estimated proven natural gas reserves of 33.78 trillion cubic metres (Tcm), second only…

What’s In Store For Energy Prices In 2022?

Dec 27, 2021 at 11:56 | Irina Slav

U.S. crude oil prices hit a high of $86.40 per barrel in October this year. The trends that led to this peak also…

A Look At Big Oil’s Spending Plans For 2022

Dec 27, 2021 at 11:49 | Tsvetana Paraskova

The global upstream sector is set for a rebound next year, when overall investment in exploration and production is expected to exceed $400 billion for the first time…

Three Ways To Play The 2022 EV Boom

Dec 27, 2021 at 11:04 | Alex Kimani

By their own standards, electric vehicle stocks have had a rather quiet year in 2021 after enjoying a bumper season in 2020. With just four trading sessions left…

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…

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