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Energy

A New Force Is Emerging In Asian Energy Markets

Aug 31, 2021 at 12:42 | Felicity Bradstock

With Asia expected to contribute around 90 percent of the world’s growing oil demand over the next five years, we are seeing more and more regional partnerships being…

Hurricane Ida Hurts Oil Demand Ahead Of OPEC+ Meeting

Aug 31, 2021 at 11:59 | Josh Owens

As oil markets prepare for the OPEC+ meeting, Hurricane Idea took 2 million barrels per day of refining capacity offline, dragging oil prices down.

OPEC+ Sees Oil Markets Tightening This Fall

Aug 31, 2021 at 11:25 | Tsvetana Paraskova

Despite the COVID resurgence, the oil market will become increasingly tight this year, OPEC+ estimates show, but as the group continues to ease the production cuts into next year,…

The One And Only Way To Avoid A Climate Crisis

Aug 31, 2021 at 11:05 | Osama Rizvi

For anyone still in doubt about climate change, the recent floods and unusual heat waves around the globe will be difficult to ignore. Floods in China

Chinese Buyers Ramp Up Crude Oil Purchases

Aug 31, 2021 at 10:35 | Irina Slav

After several months of slowdowns in spot market oil cargo buys, Chinese importers are once again boosting their purchases, Reuters reports, citing traders and analysts. Lockdowns in response to…

Analysts: Oil Prices Won’t Go Much Higher This Year

Aug 31, 2021 at 09:44 | Tsvetana Paraskova

The surge in COVID cases globally could slow oil demand recovery, which will not leave much upside for oil prices for the rest of 2021, analysts told the monthly

Oil Poised For Monthly Loss Despite Supply Outages

Aug 31, 2021 at 08:49 | Irina Slav

Crude oil has had an interesting August, but on the whole, prices are likely to end the month lower than they started it. West Texas Intermediate shed some 6…

How To Capitalize On Guyana’s Oil Boom

Aug 30, 2021 at 15:30 | David Messler

The oil market has come through some tough sledding the last 6-8 weeks as doubts about the commitment of OPEC+ to the newly agreed output limits, and the…

The Energy ETFs To Watch This Year

Aug 30, 2021 at 15:11 | Charles Kennedy

An ETF explosion has taken over the financial market as exchange-traded funds enjoy the lion's share of investment dollars globally--even as investors continue flocking to passive funds and…

9 Major Consequences Of The U.S. Failure In Afghanistan

Aug 30, 2021 at 14:00 | Gregory R. Copley

Old-fashioned civil war had resumed in Afghanistan by about mid-August 2021. Overt internationalization of the war there had ended, but discreet internationalization of the war returned to the battlefield in…

Qatar Plays It Safe With First Contract For Huge North Dome Gasfield

Aug 30, 2021 at 11:52 | Simon Watkins

Following its loss of the world’s number one liquefied natural gas (LNG) exporter position to Australia in January, Qatar announced a new output target of 126 million tons…

The EU’s Carbon Border Tax Could Deal A Devastating Blow To Russia’s Economy

Aug 30, 2021 at 11:35 | Irina Slav

The European Union's carbon border tax, to enter into effect in five years, was conceived with the idea of leveling the playing field for European industrial producers and…

China’s Refinery Crackdown Leaves Oil Tankers With Nowhere To Go

Aug 30, 2021 at 11:30 | Haley Zaremba

China is cracking down on its private-sector oil refiners in a bid to close tax loopholes and mitigate pollution. Approximately a quarter of…

Which Countries Are Still Selling Coal To China?

Aug 30, 2021 at 11:28 | Haley Zaremba

Back in April, in the midst of a contentious trade spat and unofficial coal embargo between China and Australia, Oilprice speculated that the…

Nordic American Tankers: More Oil Is Coming To The Market

Aug 30, 2021 at 10:05 | Tsvetana Paraskova

The oil tanker industry faces brighter prospects in the coming months with more crude set to arrive on the international markets, according to the Nordic American Tankers. In its second-quarter…

Oil Could Rise Further As OPEC Suggests Keeping Output Cuts In Place

Aug 30, 2021 at 09:25 | Irina Slav

Crude oil prices could rise further if OPEC+ stops adding barrels to global supply, which is a possibility after the cartel's next meeting, according to the Kuwaiti oil minister. "The…

Hurricane Ida Shuts In 95% Of U.S. Gulf Coast Oil Output

Aug 30, 2021 at 08:28 | Charles Kennedy

As much as 95 percent of oil production in the U.S. section of the Gulf of Mexico has been shut in, as hurricane Ida passed through it before making

U.S. Rig Count Inches Higher As Prices Recover

Aug 27, 2021 at 12:14 | Julianne Geiger

The number of oil and gas rigs in the United States rose by 5 this week, according to Baker Hughes—after rising by 3…

Oil Could Be Primed For Up To 50% Rally, Strategist Says

Aug 27, 2021 at 11:47 | Charles Kennedy

The price of WTI crude oil could be headed for a jump of between 20 percent and 50 percent, judging from a bullish breakout pattern that suggests a major rally…

Fujairah Oil Terminal To Upgrade As Crude Trade Is Expected To Surge

Aug 27, 2021 at 11:42 | Tsvetana Paraskova

The Fujairah Oil Terminal (FOT) is upgrading its infrastructure to link the storage site with a key crude pipeline and the terminal for supertankers at the Port of Fujairah, in…

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