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Energy

Bearish News Piles Up For Crude Oil

Nov 05, 2021 at 16:42 | Editorial Dept

U.S. West Texas Intermediate are edging higher on Friday after OPEC and its allies moved forward with its plans for a gradual increase in production. Ahead of the decision, the…

Big Oil Is Paying Shareholders Back

Nov 05, 2021 at 16:40 | Editorial Dept

1. OPEC+ Sticks to Charted Course, Confident of Market Balance Coming Soon- The OPEC+ oil…

Civilians Riot In Sudan Following Military Coup

Nov 05, 2021 at 16:35 | Editorial Dept

Geopolitics In a long-running spat with Morocco over the Western Sahara, Algeria has moved to halt all natural gas exports to Spain through Morocco. That move comes only a few…

Why Oil Prices Fell After The OPEC+ Meeting

Nov 05, 2021 at 16:25 | Editorial Dept

After around forty years of making a living from financial markets in one way or another, I am not often left scratching my head these days. I may not agree…

China's Silent Power

Nov 05, 2021 at 16:22 | Editorial Dept

Wherever Huawei goes in the developing world these days is a pretty good barometer for where the Chinese Communist Party is setting up stakes for primetime information-gathering. 

Europe Considers Tapping “Cushion Gas” As Market Continues To Tighten

Nov 05, 2021 at 14:32 | Tsvetana Paraskova

Europe could have a way out of a natural gas shortage if the winter is colder than usual. The very tight European gas market may find relief from…

Electricity Shortages Are Causing Chaos In Tajikistan

Nov 05, 2021 at 14:28 | RFE/RL staff

There has never been a shortage of patients in Murod's private dental clinic on the rural outskirts of the southern Tajik city of Bokhtar. But Murod…

China Could Kickstart A New Nuclear Energy Revolution

Nov 05, 2021 at 14:25 | Haley Zaremba

Nobody can seem to agree on nuclear energy. Scientific opinion is divided over whether or not nuclear energy can save the world from climate change, and public opinion…

U.S. Shale Patch Reports Blowout Earnings

Nov 05, 2021 at 14:23 | Alex Kimani

Nearly 60% of S&P 500 companies have reported third-quarter 2021 earnings, and the energy sector has again emerged as a standout performer. According to the

Can The Mining Industry Really Go Green?

Nov 05, 2021 at 14:18 | Metal Miner

With COP-26 running this week in Glasgow, the environment has been one of the main topics in the news. Rightly so, many of you will say. We are…

Is Egypt’s Oil And Gas Sector Set To Boom?

Nov 05, 2021 at 14:15 | Felicity Bradstock

As Eni makes a new oil and gas discovery in Western Egypt, the future of energy in the oil-rich nation looks promising. After record production figures were hit…

U.S. Shale Is Finally Ready To Open The Taps

Nov 05, 2021 at 14:12 | Michael Kern

Oil prices are on course to post a weekly loss despite OPEC+ refusing to increase production. A combination of U.S. producers preparing to ramp up production and President Biden's willingness…

The U.S. Considers Strategic Petroleum Reserve Release After OPEC+ Snub

Nov 05, 2021 at 12:59 | Tsvetana Paraskova

U.S. President Joe Biden is considering a release from the Strategic Petroleum Reserve (SPR) as a possible move to reduce gasoline prices in the United States, after OPEC+ ignored on…

U.S. Crude Production Continues To Trail Rising Oil Rig Count

Nov 05, 2021 at 12:21 | Julianne Geiger

The number of oil and gas rigs in the United States rose by 6 this week, according to Baker Hughes. The total rig count is now at 550, up 250…

Citi: Oil Will Continue Rising This Quarter

Nov 05, 2021 at 09:56 | Irina Slav

Crude oil prices will continue rising this quarter as global oil inventories drawdowns continue and OPEC sticks to its limited addition output policy, Citi’s head of commodity research Ed Morse…

Pioneer CEO: Back Off, Biden

Nov 05, 2021 at 09:09 | Irina Slav

Instead of urging OPEC+ to supply more oil, President Biden should back off American drillers, the chief executive of Pioneer Natural Resources told Bloomberg in an interview. The Biden…

How The U.S. Lost Control Of This Giant Iraqi Oilfield

Nov 04, 2021 at 16:05 | Simon Watkins

Just ahead of the August 2020 visit to Washington of Iraq Prime Minister, Mustafa al- Kadhimi, promised then-U.S. President, Donald Trump, that he would allow a raft of in-principle agreed…

Could This Be The Biggest Winner Of The Oil Price Boom?

Nov 04, 2021 at 13:23 | Tom Kool

Onshore oil discoveries are pretty much a thing of the past. The last time anyone got remotely excited about one was in 2017, when giant Repsol discovered 1.2 billion barrels…

Iraq Cuts Its Once-Popular Basrah Light Crude Oil Blend

Nov 04, 2021 at 12:07 | Gerald Jansen

When Iraq introduced Basrah Medium into its portfolio of crude grades, it was believed that a stricter delineation of qualities could finally put an end to Baghdad’s perennial…

Portable Chargers Could Accelerate Electric Vehicle Adoption

Nov 04, 2021 at 11:57 | Haley Zaremba

There are a number of significant barriers to widespread electric vehicle (EV) adoption. Electric cars are expensive, charging infrastructure is underdeveloped, range anxiety is rampant and valid, and…

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