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Breaking News:

Asian Oil Imports Dropped in April

Energy

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…

Europe Could Turn To More Coal If Gas Crunch Persists

Sep 16, 2021 at 10:08 | Tsvetana Paraskova

Despite its ambitious green energy targets, Europe could be forced to burn more coal this winter if natural gas stockpiles are not adequately replenished amid record-high gas prices, an expert…

Chevron CEO: Shareholder Returns Are More Important Than Solar, Wind Investment

Sep 16, 2021 at 09:50 | Irina Slav

Shareholder returns are more important for Chevron than investing in wind and solar energy, chief executive Mike Wirth told CNBC in an interview. "These [wind and solar] are technologies…

Chevron CEO: Oil Prices To Remain Higher For Longer

Sep 16, 2021 at 08:45 | Irina Slav

Global oil and gas prices will remain higher for longer as companies resist the urge to ramp up production, the chief executive of Chevron, Mike Wirth told Bloomberg in…

Iberdrola: U.S. Risks Killing Its Own Offshore Wind Boom

Sep 15, 2021 at 16:09 | Charles Kennedy

Proposals in the U.S. Congress to tie green tax credits with local content materials risk holding back the American offshore wind sector even before it has started to flourish, a…

Russian Oil Exports Under Fire As Iraq Slashes Prices

Sep 15, 2021 at 14:59 | Tsvetana Paraskova

The price of Russia’s flagship Urals grade slumped this week as Russian supply and exports are set to grow and as Iraq cuts the price of its crude for…

How Long Can U.S. Shale Producers Resist The Oil Price Rally?

Sep 15, 2021 at 14:25 | Irina Slav

It would have been unthinkable a few months ago: ramping up production was the last thing U.S. shale drillers would do amid a hesitant price recovery and heavy…

Toyota’s Big Bet On Solid State Batteries Could Boost The Entire Sector

Sep 15, 2021 at 14:18 | Alex Kimani

With the global electrification drive in full swing, electric cars have constantly been improving in terms of mileage, performance, charging time--and costs. And, Wright's law

Nord Stream 2 Comes Just As European Gas Prices Reach 13-Year High

Sep 15, 2021 at 13:22 | Tsvetana Paraskova

The sooner Nord Stream 2 is commissioned and launched, the better chance the Russia-led gas pipeline to Germany will have to balance surging gas prices in Europe, including on the…

Can Deep-Sea Mining Solve The Battery Metals Supply Crisis?

Sep 15, 2021 at 11:47 | Tsvetana Paraskova

The key metals necessary to advance the global energy transition will likely drive the next commodity supercycle. Soaring demand for lithium, copper, nickel, cobalt, and aluminum could lead…

The Major Beneficiary Of The Afghanistan Crisis

Sep 15, 2021 at 11:36 | Global Risk Insights

Assertive Foreign Policy proves Costly It is clear that the post-Cold War order is shifting. The costly wars of Afghanistan and Iraq are calling into question the pre-eminence…

Kremlin Spokesman Assures Markets Nord Stream 2 Will Stabilize Natural Gas Price

Sep 15, 2021 at 11:00 | City A.M

The Kremlin today said that a rapid start-up of the controversial Nord Stream 2 pipeline would help to correct sky-high gas prices across Europe amid a squeeze in…

Oil Prices Rise Further On Large Crude Inventory Draw

Sep 15, 2021 at 09:39 | Irina Slav

Crude oil prices went up today on bullish news from the U.S. Energy Information Administration, which reported a 6.4-million-barrel draw in crude oil inventories and another draw in fuel…

Investors With $10 Trillion In Assets Will Issue Net-Zero Standards For Big Oil

Sep 15, 2021 at 09:01 | Tsvetana Paraskova

Institutional investors responsible for $10.4 trillion worth of assets unveiled on Wednesday a net-zero standard that sets minimum expectations for what oil and gas companies must include in…

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