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Energy

Two Industries Getting Slammed By Sky High Oil And Natural Gas Prices

Sep 17, 2021 at 12:16 | Alex Kimani

A cross-section of Wall Street experts has been downplaying the recent surge in oil prices, saying that it’s unlikely to hurt the global recovery. One indicator that lends…

Hydrogen Could Be A Game-Changer For Midstream Oil & Gas

Sep 17, 2021 at 12:08 | Robert Rapier

This is the final article in a series that examines Environmental, Social, and Corporate Governance (ESG) programs in the oil industry, with an emphasis on how some companies…

Skyrocketing Energy Prices Could Cripple Europe’s Economy

Sep 17, 2021 at 12:04 | Tsvetana Paraskova

Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to deal a blow to the post-COVID…

The Global Pipeline For Green Hydrogen Projects Is Growing

Sep 17, 2021 at 12:03 | Rystad Energy

The global pipeline for green hydrogen projects is growing fast, with a current target of 206 gigawatts (GW) in installed electrolyzer capacity by 2040. However, a Rystad Energy…

Russia And China Are Looking To Tap Afghanistan’s $1 Trillion Resource Reserves

Sep 17, 2021 at 11:59 | Richard Mills

“Nature abhors a vacuum” is a familiar maxim in science. It means that empty spaces are unnatural as they go against the laws of physics.  The…

Consolidation Is Inevitable For Canada’s Oil Industry

Sep 17, 2021 at 11:50 | Irina Slav

The private equity industry is in a rush to leave Canada's oil sands—once a lucrative investment but no longer—as emission reduction takes priority. According to a Reuters…

Oil Ends Week On Bullish Note As Outages Persist

Sep 17, 2021 at 11:49 | Michael Kern

Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the month of September

Get Ready For The Energy Price Shock

Sep 17, 2021 at 11:13 | Editorial Dept

Natural gas supply concerns continue to feed fears and push futures higher. As of Wednesday, the October Nymex contract was trading up over 17 cents, and Europe is…

Will Oil’s Upward Trend Hold?

Sep 17, 2021 at 11:11 | Editorial Dept

Last week, I suggested a trade that bracketed crude, going long on a break above $70 or short should CL drop below $67. That worked out well as a break…

Hurricane Ida Officially Becomes Most Devasting Hurricane In Gulf Of Mexico

Sep 17, 2021 at 11:08 | Editorial Dept

In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors.…

Norway Votes On Future Of Oil Exploration

Sep 17, 2021 at 11:01 | Editorial Dept

Geopolitics & Conflict - Norway—the world’s North Sea offshore oil giant—has voted in critical parliamentary elections that will largely decide the fate of oil exploration. The left-wing opposition led by…

Strong Dollar Keeps Lid On Oil Price Rally

Sep 17, 2021 at 10:58 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are edging lower on Friday, giving back some of this week’s earlier gains. The market is being pressured by the strengthening U.S. Dollar,…

Gazprom: Russia Has Gas Reserves For More Than A Century

Sep 17, 2021 at 10:05 | Tsvetana Paraskova

Russia's natural gas reserves will last for more than a century, Alexey Miller, chairman of the board of gas giant Gazprom, said on Friday. "Gas reserves in Russia, Gazprom's…

China Oil Consumption Seen Peaking In 5 Years

Sep 17, 2021 at 09:47 | Irina Slav

China's oil consumption could peak in five years at a daily level of around 16 million barrels, a senior Sinopec executive has forecast, as quoted by Reuters. Ma Yongsheng,…

Oil Set For A Weekly Gain As Global Energy Prices Surge

Sep 17, 2021 at 09:29 | Tsvetana Paraskova

Oil prices were headed for a fourth consecutive weekly gain early on Friday as natural gas and power prices are surging globally and supporting the energy complex. Early on Friday,…

China Back To Stockpiling Crude As Refinery Runs Hit 15-Month Low

Sep 16, 2021 at 14:42 | Tsvetana Paraskova

China is estimated to have sent around 760,000 barrels per day (bpd) of crude oil to its strategic and commercial reserves in August, as refinery throughput in the world’s top…

Europe’s Energy Crisis Is Driving Up Natural Gas Prices Worldwide

Sep 16, 2021 at 14:39 | Tsvetana Paraskova

Natural gas prices all over the world are surging amid a perfect storm of tight regional gas markets and soaring power prices in Europe. The natural gas rally…

Saudi Arabia Hikes July Crude Oil Exports To Six-Month High

Sep 16, 2021 at 13:01 | Tsvetana Paraskova

Saudi Arabia’s crude oil exports rose to above 6 million barrels per day (bpd) in July, to the highest volume in six months, as the OPEC+ alliance continued to ease…

Can Iran Overcome U.S. Sanctions And Become A Top Oil Producer?

Sep 16, 2021 at 10:53 | Felicity Bradstock

Two weeks ago, Iran announced it was planning to boost oil output and exports despite ongoing sanctions by the U.S. As we see continually increased output from Iran…

Argentina Attempts To Revive Its Oil Boom

Sep 16, 2021 at 10:33 | Tsvetana Paraskova

Argentina’s government has unveiled a bill to promote investment in oil and gas in the country with the ultimate goal to boost hydrocarbon production from its key shale play and…

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