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Energy

Why Bitcoin Miners Are Setting Up Shop In Texas Oilfields

Sep 09, 2021 at 10:52 | Haley Zaremba

Politicians, environmentalists, economists, and energy executives are all puzzled over a compounding conundrum: what’s to be done about Bitcoin? Just this week, El Salvador became the first country…

Oil Prices Jump On Record Production Plunge, Major Gasoline Draw

Sep 09, 2021 at 10:32 | Irina Slav

Oil prices rose today after the Energy Information Administration reported an inventory decline of 1.5 million barrels for the week to September 3, with sizeable draws in fuel inventories…

Are Oil Prices Heading To $64 or $200? Depends On Who You Ask

Sep 09, 2021 at 10:20 | Tsvetana Paraskova

Brent Crude prices are set to retreat to $64 a barrel by the end of 2021, one of Japan’s leading banks says, while the energy minister of a Gulf oil…

World’s Top Oil Consumers Exceed Pre-Pandemic Demand Levels

Sep 09, 2021 at 08:25 | Irina Slav

Some of the world’s biggest oil consumers, led by China, have already exceeded pre-pandemic consumption levels, Bloomberg reports, citing consultancy SIA Energy. “The worst for Asian fuel demand is…

Oil Slides After China Unexpectedly Releases Crude From National Reserve

Sep 09, 2021 at 08:05 | ZeroHedge

Just hours after China revealed yet another high in producer price inflation, Beijing has taken the unprecedented step of releasing oil from its national crude reserve to "alleviate raw material…

China Sees Opportunity As Venezuela’s Oil Industry Hits Rock Bottom

Sep 08, 2021 at 15:12 | Matthew Smith

Venezuela’s near-collapse and strict U.S. sanctions are creating an opportunity for Russia, Iran and China to strengthen their presence in Latin America, a region that for decades has…

Soaring Gasoline Prices Could Cripple Biden’s Energy Agenda

Sep 08, 2021 at 14:54 | Irina Slav

President Joe Biden’s prioritization of the shift from fossil fuels to renewable energy has drawn a lot of attention since his first day in office when he killed…

Is North Dakota’s Oil Industry Finally Bouncing Back?

Sep 08, 2021 at 13:47 | Felicity Bradstock

Since 2010, North Dakota’s oil industry has boomed, putting McKenzie on the map as the fastest-growing county in the U.S. Following a year and a half of pandemic,…

Europe Is Subsidizing Its Way Into Electric Vehicle Leadership

Sep 08, 2021 at 13:31 | Felicity Bradstock

As Europe looks to lead the world in electric vehicle (EV) uptake, many governments are incentivizing the switch from traditionally-fuelled cars to electric alternatives, hoping to end the…

The Gulf Of Mexico Just Saw Its Worst Energy Disruption Since Hurricane Katrina

Sep 08, 2021 at 13:17 | ZeroHedge

Hurricane Ida's disruption to the U.S. offshore energy production in the Gulf of Mexico is the worst in 16 years. It has already stressed domestic and global supply…

An Extremely Low-Tech Solution To Our Energy Storage Problem

Sep 08, 2021 at 13:11 | Haley Zaremba

In the past decade, renewable energies have advanced leaps and bounds and dramatically dropped in price. Wind and solar have become scalable, tradable as commodities, and have even…

Chinese Coal Prices Hit Record Highs

Sep 08, 2021 at 13:04 | ZeroHedge

Remember when China vowed last year to hit peak carbon emissions in 2030 and to reach carbon neutrality in 2060? Maybe it will (spoiler alert: it won't)...

UN Draws Criticism For Special Treatment Of China In Coal Phase Out

Sep 08, 2021 at 09:41 | Irina Slav

The UN has drawn criticism for what is seen as allowing China to continue using coal until 2040 while calling on other big economies to phase it out by…

Oil Prices Bounce Back On Continued Supply Disruptions

Sep 08, 2021 at 09:01 | Tsvetana Paraskova

Oil prices rebounded early on Wednesday, rising by more than 1 percent, as nearly 80 percent of the total crude oil production in the U.S. Gulf of Mexico remains shut-in…

The Major Problem With EVs No One Is Talking About

Sep 07, 2021 at 15:56 | Irina Slav

When GM earlier this year started recalling Bolts, it issued a warning to owners of the EV: don’t charge your car battery to 100 percent. Normally, this would…

World’s Third-Largest Oil Importer Sees Rebound In Demand

Sep 07, 2021 at 15:49 | Irina Slav

India's crude oil demand has been on the mend since mid-summer. It is likely to continue along this same vein for quite a while, with at least one…

Why The UAE Gave Pakistan An Oil Concession For The First Time Ever

Sep 07, 2021 at 13:47 | Simon Watkins

The Abu Dhabi National Oil Co (ADNOC) is the key corporate proxy at the centre of the U.S.’s Middle East pushback against increasing…

Merger Mania Is Back In North America’s Oil Patch

Sep 07, 2021 at 13:32 | Tsvetana Paraskova

The oil and gas industry is back in consolidation mode after a low point in the spring of 2020 during the worst of the oil price and demand…

Oil Prices Slide Despite Supply Disruption

Sep 07, 2021 at 12:15 | Tom Kool

Oil prices fell on Tuesday morning as fears grew that Asian demand would not recover as quickly as originally expected. Supply disruptions from Hurricane Ida were not significant enough…

Canadian Pipeline Giant Enbridge Looks To Export 'Cheap' American Oil

Sep 07, 2021 at 12:00 | Tsvetana Paraskova

Canadian pipeline giant Enbridge is buying a U.S. midstream operator for US$3 billion, betting on advancing its strategy to export from the U.S. Gulf Coast low-cost crude…

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