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Energy

Russia Could Boost Oil Production To 11.4 Million Bpd

Oct 14, 2021 at 10:45 | Tsvetana Paraskova

Russia is currently pumping 9.9 million barrels per day (bpd) of crude oil, but has the capacity to increase production to up to 11.4 million bpd, Russian Deputy Prime Minister…

Large Crude Build Pours Cold Water On Oil Price Rally

Oct 14, 2021 at 10:09 | Irina Slav

Crude oil prices ticked lower today after the Energy Information Administration reported a crude oil inventory build of 6.1 million barrels for the week to October 8. At 427…

Biden Consults U.S. Oil Industry About Soaring Gasoline Prices

Oct 14, 2021 at 08:53 | Irina Slav

President Biden has discussed the latest trends in retail fuel prices with representatives of the U.S. oil industry, Politico has reported, citing unnamed sources in the know. U.S. gasoline…

Delta Airlines Warns Of Quickly Rising Fuel Costs

Oct 13, 2021 at 14:52 | ZeroHedge

Delta Air Lines Inc. delivered a profit in the third quarter but warned soaring jet fuel prices might result in an unprofitable fourth quarter.  Since August, spot prices for New York…

Middle East Oil Giants Face-Off In Market Share Skirmish

Oct 13, 2021 at 12:55 | Tsvetana Paraskova

The largest Middle Eastern oil exporters are fighting for market share on the most prized oil market, Asia, although Asian crude imports have been relatively low over the…

The Facts Behind Saudi Arabia’s Outrageous Oil Claims

Oct 13, 2021 at 12:55 | Simon Watkins

Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by…

The U.S. Shale Industry Desperately Needs To Drill

Oct 13, 2021 at 12:51 | Alex Kimani

Nearly two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S.…

Is The U.S. Still A Swing Producer Of Oil?

Oct 13, 2021 at 12:49 | Irina Slav

Less than two years ago, the United States was the world’s largest producer of crude oil. It was the new major swing producer that moved prices up or…

Terrorists, Cocaine, And Power: A War Within Venezuela

Oct 13, 2021 at 12:45 | Matthew Smith

For over a decade academics and analysts have warned that Venezuela, which could soon be Latin America’s next failed state, is evolving into a regional hub for transnational…

Putin Dismisses Accusations That Russia Is Weaponizing Natural Gas

Oct 13, 2021 at 12:37 | City A.M

Vladimir Putin has dismissed claims that Russia is weaponizing its supplies of natural gas to speed up Germany’s approval of the completed Nord Stream 2 pipeline and to…

U.S. Oil And Gas Dealmaking Slows Down In Q3

Oct 13, 2021 at 11:38 | Irina Slav

Mergers and acquisitions in the oil and gas space in the U.S. declined in the third quarter after hitting a two-year high in the second quarter, according to data analytics…

Putin: $100 Oil Is “Quite Possible”

Oct 13, 2021 at 10:52 | Tsvetana Paraskova

It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on a…

IEA Says Clean Energy Spending Must Triple

Oct 13, 2021 at 09:48 | Irina Slav

Investments in low-carbon energy need to triple if the world is to meet its Paris Agreement targets, the head of the International Energy Agency told the Financial Times. “There is…

OPEC Cuts 2021 Oil Demand Forecast

Oct 13, 2021 at 08:48 | Tsvetana Paraskova

OPEC expects this year’s global oil demand to grow by 5.8 million barrels per day (bpd) from the low 2020 levels, down from last month’s estimate of 5.96-million-bpd annual growth.…

Will The U.S. Be Spared From The Global Energy Crisis?

Oct 12, 2021 at 15:58 | Tsvetana Paraskova

U.S. natural gas prices hit a 13-year high last week as the energy crunch in Europe and Asia pushed the prices in these two regions to the highest…

Energy Stocks To Watch Amid Supply Chain Chaos

Oct 12, 2021 at 14:54 | Alex Kimani

Beaten down solar and hydrogen sectors have been on the mend over the past few days as investors bet that the ongoing global supply crunch, including oil and…

Lebanon’s Fuel Crisis Could Spark Civil War

Oct 12, 2021 at 14:19 | Felicity Bradstock

Lebanon’s fuel crisis has worsened over the last week as the country experienced a 24-hour blackout over the weekend, following years of instability in the energy sector.  

Why U.S. LNG Is Going To Asia Instead Of Europe

Oct 12, 2021 at 13:53 | Irina Slav

U.S. shale drillers appear to be worried about losing market share in Europe to Russia, Bloomberg reported last week, citing data from a Kansas Fed survey. But this…

Is Decarbonization Threatening Europe’s Energy Security?

Oct 12, 2021 at 13:50 | Haley Zaremba

Later this month about 25,000 people are headed to Glasgow for the 26th annual United Nations Framework Convention on Climate Change (UNFCCC), known as COP26.…

Is It Time To Invest In Tidal Energy?

Oct 12, 2021 at 12:42 | Haley Zaremba

Tidal energy seems unable to break out of its infancy and into the market. The zero-carbon, renewable form of energy production has major potential for contributing a significant…

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