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Energy

Robust Gasoline Consumption Fuels Record-High U.S. Oil Demand

Sep 10, 2021 at 11:42 | Tsvetana Paraskova

U.S. oil demand continues its upward trajectory—reaching a record high last week--while product inventories have fallen to the lowest levels in three years. If the demand…

EU Proposes Debt Loophole For Green Investments

Sep 10, 2021 at 11:39 | ZeroHedge

Yesterday, the ECB announced that in Q4, it would "modestly lower the pace of net asset purchases under the PEPP than…

U.S. Coast Guard To Investigate Over 350 Potential Oil Spills Caused By Ida

Sep 10, 2021 at 11:39 | Haley Zaremba

Hurricane Ida has left a lasting wake of destruction and chaos along the Gulf Coast. The hurricane, which was a category 4 storm when it initially made landfall…

Hurricanes Raise Risk Of Oil Spills In Gulf Of Mexico

Sep 10, 2021 at 11:32 | Tsvetana Paraskova

As the latest strong storm that passed through the U.S. Gulf of Mexico showed, hurricanes are testing the resilience of offshore oil and gas facilities and pipelines.  

Record-Breaking Energy Prices Could Soar Even Higher In Europe

Sep 10, 2021 at 11:22 | Vanand Meliksetian

The European electricity market is in crisis as a perfect storm is driving up prices to ever greater heights. The timing couldn't have been worse as countries across…

Iraq Secures New Investments In Its Booming Oil Industry

Sep 10, 2021 at 11:17 | Felicity Bradstock

After recent announcements of new developments in Iraq by several oil majors, the country appears to be rebounding strongly from the coronavirus pandemic, looking to maintain its reputation…

Global Oil Supply Set To Overtake Demand

Sep 10, 2021 at 11:14 | Editorial Dept

1. Global Supply Bound to Overtake Demand Next Year- The US Energy Information Administration revised…

How To Trade The Next Big Move In Oil Prices

Sep 10, 2021 at 11:10 | Editorial Dept

When trading, it is easy to get caught up in the feeling that you must always have a view. There are stories told and movies made about traders who see…

OPEC May Cut 2022 Oil Demand Forecast

Sep 10, 2021 at 11:00 | Tsvetana Paraskova

OPEC could revise down its forecasts for global oil demand in 2022, in view of the increased uncertainty with the Delta variant, two OPEC+ sources told Reuters on Friday.…

California Looks To Burn More Fossil Fuels To Avert Blackouts

Sep 10, 2021 at 10:31 | ZeroHedge

California's power grid transition to renewable energy sources appears to be backfiring. The push into clean energy is not producing enough power to meet demand during hot summer days, and…

Oil Faces Demand Risk Despite Supply Outages

Sep 10, 2021 at 10:04 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are trading higher on Friday, clawing back some of this week’s losses in the process. The catalysts behind the early strength are growing…

Who Controls The New Taliban Government?

Sep 10, 2021 at 10:01 | Editorial Dept

Geopolitics Afghanistan’s new Taliban cabinet will see its Interior Ministry led by Sirajuddin Haqqani, an individual who was linked to al-Qaeda and responsible for carrying out numerous terrorist attacks. Further,…

Oil Prices Climb As Protests Threaten Libyan Production

Sep 10, 2021 at 09:56 | Editorial Dept

While oil prices responded upward this week on API data, they were also responding to events in Libya, where protests are threatening oil output ahead of hoped-for December…

Doomed U.S. Nuclear Power Plants May Get Financial Reprieve

Sep 10, 2021 at 09:29 | Irina Slav

The Illinois House has passed a bill envisaging some $700 million in incentives for two nuclear power plants operated by Exelon that the company earlier this year said it will…

Oil Rebounds On U.S.-China Call

Sep 10, 2021 at 08:58 | Tsvetana Paraskova

Oil prices rose early on Friday, supported by an overall bullish market sentiment after the U.S. and Chinese presidents held a phone call to discuss various issues of strategic interest.…

3 Bearish Catalysts For Oil This Fall

Sep 09, 2021 at 14:46 | Alex Kimani

Last week, oil prices enjoyed a nice rally OPEC+ agreed to keep its current production agreement in place, maintaining the 400K bbl/day hike…

Gas Prices Are Exploding But North Sea Drillers Struggle To Profit

Sep 09, 2021 at 11:19 | Irina Slav

Natural gas producers in the North Sea are in a rush to increase production as a supply squeeze lifted gas prices in the UK and Europe to record…

Why Hedge Funds Are Turning Bullish On Oil Again

Sep 09, 2021 at 11:00 | Tsvetana Paraskova

Money managers put an end to weeks of sell-offs in the most traded petroleum contracts last week, signaling that the oil price correction seen in August may have…

Can The Global Shipping Industry Really Go Green?

Sep 09, 2021 at 10:58 | Oxford Business Group

As environmental concerns become increasingly pressing for governments and businesses alike, the shipping industry is taking steps to reduce its carbon footprint. In late August Danish…

Brazil Looks To Become A Top-5 Oil Producer

Sep 09, 2021 at 10:57 | Matthew Smith

In a little over a decade Latin America’s largest economy Brazil has become a leading global oil producer. At the end of 2020, Brazil was not only pumping…

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