ExxonMobil continues to expect that…
There are disparities in climate…
China, facing US threats of…
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…
Yesterday, the ECB announced that in Q4, it would "modestly lower the pace of net asset purchases under the PEPP than…
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…
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.
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…
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…
1. Global Supply Bound to Overtake Demand Next Year- The US Energy Information Administration revised…
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 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'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…
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…
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,…
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…
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 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.…
Last week, oil prices enjoyed a nice rally OPEC+ agreed to keep its current production agreement in place, maintaining the 400K bbl/day hike…
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…
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…
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…
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…