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Asian Refiners Diversify Away from Middle Eastern Oil

Asian Refiners Diversify Away from Middle Eastern Oil

Asian refiners are reducing their…

Why the IEA is Wrong About Peak Oil Demand

Why the IEA is Wrong About Peak Oil Demand

The International Energy Agency (IEA)…

Belgium's Ports Are Brimming With Unsold Chinese EVs

Belgium's Ports Are Brimming With Unsold Chinese EVs

Le Monde reports Belgium’s ports drowning…

Energy

The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring

Sep 27, 2021 at 16:37 | Tsvetana Paraskova

Just ahead of the winter season, Europe’s natural gas crunch created a snowball effect in global energy markets. What started as very low gas inventories in Europe during…

Gas Flaring Deals Could Solve One Of Iraq’s Biggest Problems

Sep 27, 2021 at 16:31 | Simon Watkins

As a corollary of its new target for oil production of seven million barrels per day (bpd) by 2025, Iraq has repeatedly stated that it is to stop…

Are Carbon Taxes To Blame For Europe’s Energy Crisis?

Sep 27, 2021 at 16:26 | Irina Slav

The European energy crisis seems to be the only thing anyone is talking about these days. Analysts opine over why it happened and how likely it is to…

TotalEnergies Expects Peak Oil Demand Before 2030

Sep 27, 2021 at 13:51 | Tom Kool

Global oil demand will plateau before the end of this decade and decline strongly after 2030, TotalEnergies said in its Energy Outlook 2021 unveiled on Monday.     Previously, TotalEnergies…

Can Argentina Finally Realize Its Oil Potential?

Sep 27, 2021 at 13:25 | Matthew Smith

For a decade, successive Argentine governments in Buenos Aires have enacted a range of policies aimed at reducing energy imports and exploiting the Latin American country’s…

Chinese Cities In The Dark After Widespread, "Unexpected" Blackouts

Sep 27, 2021 at 12:43 | ZeroHedge

Just yesterday we warned that a "Power Supply Shock Looms" as the energy crisis gripping Europe - and especially the UK - was set to hammer China, and just a…

The Tech Billionaires Taking On Climate Change

Sep 27, 2021 at 12:02 | Felicity Bradstock

In recent years we’ve seen several tech billionaires back environmentally friendly innovations in a bid to tackle climate change, but will these famous innovators really be the ones…

Hess: Massive Underinvestment In New Production Is A Major Wildcard For Oil

Sep 27, 2021 at 10:54 | Tsvetana Paraskova

The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022,…

Goldman Sachs Hikes Oil Price Forecast To $90

Sep 27, 2021 at 10:00 | Tsvetana Paraskova

Tightening oil markets with robust demand recovery and disruptions to supply from Hurricane Ida prompted Goldman Sachs to hike its end-2021 oil price forecast to $90 a barrel Brent…

Oil Prices Near $80 On Tight Global Supply

Sep 27, 2021 at 09:00 | Tsvetana Paraskova

Oil prices rose early on Monday, extending Friday’s gains, with Brent nearing $80 and WTI Crude exceeding $75 per barrel as global oil and energy markets continue to tighten. As…

Europe Must Act To Avert An Energy Crisis This Winter

Sep 24, 2021 at 17:45 | Tsvetana Paraskova

With natural gas storage levels at a 10-year low just ahead of the winter heating season, Europe is facing hard choices from its limited range of options to…

U.S. Shale Is Finally Ready To Drill

Sep 24, 2021 at 17:39 | Irina Slav

U.S. shale producers have behaved in an exemplary way in the past year. It wasn’t something the industry wanted to do. It was something it was forced to…

The Harsh Truth Behind Europe’s Energy Crisis

Sep 24, 2021 at 17:34 | Cyril Widdershoven

Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of…

Nigeria Doubles Down On Oil After Years Of Trouble

Sep 24, 2021 at 15:15 | Felicity Bradstock

After months of stalling because of Covid restrictions and OPEC cuts, as well as significant international criticism over misplaced funds, Nigeria appears to be optimistic about the future…

The Case For $50 Oil

Sep 24, 2021 at 13:27 | Alex Kimani

The oil markets appear to have successfully scaled a major wall of worry, with oil prices rebounding to multi-year highs. Brent crude settled near a three-year high at…

What Experts Are Getting Wrong About The UK Energy Crisis

Sep 24, 2021 at 13:22 | Leonard Hyman & William Tilles

The headlines are scary: natural gas price in the UK quadruples in 2021, Russians accused of manipulating natural gas supply,…

Could Oil Pipelines Solve America’s Water Crisis?

Sep 24, 2021 at 13:19 | Felicity Bradstock

Big oil could help tackle the water shortage in the western United States by repurposing existing infrastructure to help transport clean water to the areas most in need.…

The Real Winners Of Kazakhstan’s Gas Boom

Sep 24, 2021 at 13:13 | RFE/RL staff

An investigation by RFE/RL's Kazakh Service has uncovered indirect ties between the chairman of Kazakhstan's monopoly gas trader, KazTransGas, and emergent companies that have benefitted from massive business…

U.S. Oil Rig Count Jumps As Crude Prices Near 3-Year High

Sep 24, 2021 at 12:15 | Julianne Geiger

The number of oil and gas rigs in the United States rose by 9 again this week, according to Baker Hughes The total rig count is now 521, up 260…

Oil Prices Continue To Climb On Supply Disruptions

Sep 24, 2021 at 11:31 | Josh Owens

Oil prices are heading for another weekly gain as supply disruptions led to tighter supply. The risk of traders taking profits, however, could push prices lower.  

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