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Energy

The Main Reason Oil Prices Won't Go Above $80 Per Barrel

Aug 16, 2021 at 11:13 | Simon Watkins

As highlighted repeatedly by OilPrice.com there are two extremely powerful reasons why the oil price has been effectively capped around US$75-80 per barrel of…

The Natural Gas Rally Is Far From Over

Aug 16, 2021 at 11:10 | Alex Kimani

After hitting a near three-year high of $4.20/MMBtu a week ago, natural gas prices have gone into a sharp reversal, leading to growing fears that the bull party…

Why The U.S. Is So Vulnerable To Rising Oil Prices

Aug 16, 2021 at 11:05 | ZeroHedge

Oil markets started off the week under pressure as continued speculative “long” liquidation amid delta variant demand concerns weighed on prices. However, in an ironic twist, the oil…

What Happens If We Stop Pumping Oil Tomorrow?

Aug 16, 2021 at 09:45 | Irina Slav

In a traditionally slow news month such as August, any event of relative significance gets abundant coverage. Yet the latest report by the…

Biden Administration Wants To Wean All Airlines Off Fossil Fuels By 2050

Aug 16, 2021 at 09:32 | ZeroHedge

As if we weren't throwing enough trillions of dollars away (or, should we say, printing enough trillions away) incentivizing ill conceived "green energy" subsidies, the Biden administration is…

Aramco Moves Closer To Closing $25B Reliance Megadeal

Aug 16, 2021 at 09:20 | Tsvetana Paraskova

Saudi Aramco is in an advanced stage of negotiations to buy in an all-stock deal, valued at up to $25 billion, some 20 percent of the oil refining and chemicals…

Oil Sinks As Demand Outlook Worsens

Aug 16, 2021 at 08:40 | Tsvetana Paraskova

Oil prices dropped by more than 2 percent early on Monday, as weak data about China's economy and ultra-low U.S. consumer confidence weighed on the immediate global oil demand outlook.…

U.S. Utilities Could Face Slew Of Climate Lawsuits

Aug 16, 2021 at 03:56 | Leonard Hyman & William Tilles

Several years ago, a major US electric utility, wrote in its 10-K , a document filed annually with federal securities regulators, that it could not “currently estimate the financial impact…

U.S. Rig Count Rises To 16-Month High

Aug 13, 2021 at 12:12 | Julianne Geiger

The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes—after rising by 3 last week. The total rig count is…

The Shale Pioneer Preparing For A Comeback

Aug 13, 2021 at 11:41 | Tsvetana Paraskova

One of the U.S. shale pioneers, Chesapeake Energy, is back in business six months after emerging from bankruptcy with a major acquisition— marking its return to the shale…

What Will The Gas Station Of The Future Look Like?

Aug 13, 2021 at 11:37 | Irina Slav

Two-thirds of Americans are interested in electric cars. Sales of EVs hit a record of more than 300,000…

Where Does Wall Street Think Oil Is Heading?

Aug 13, 2021 at 11:35 | Alex Kimani

After a volatile week of reversals and re-reversals, oil prices have rebounded a bit again on Wednesday thanks to an overall risk-on theme returning to the markets after…

China Is Preparing For Life After Fossil Fuels

Aug 13, 2021 at 11:34 | Haley Zaremba

The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as…

U.S. Natural Gas Dominance May Be Coming To An End

Aug 13, 2021 at 11:30 | Robert Rapier

The is the fourth article in a series on BP’s recently-released Statistical Review of World Energy 2021. Previous articles provided

What Is Driving The Transformation Of Saudi Aramco?

Aug 13, 2021 at 11:27 | Irina Slav

Saudi Aramco is looking for deals that will boost investor confidence in the world’s largest oil company. These deals could include asset sales or supply agreements, according to…

Is Carbon Neutral Oil Really Possible?

Aug 13, 2021 at 11:25 | Tsvetana Paraskova

Some of the world’s biggest oil and gas firms have started to sell what they say is carbon-neutral oil and liquefied natural gas (LNG) as buyers increasingly look…

The Nation Proving That Oil And Renewables Aren’t Opposed

Aug 13, 2021 at 11:24 | Felicity Bradstock

After decades of world-leading oil and gas production, Norway is looking to stake its claim on a piece of the renewables market. But can the oil giant become…

Can Carbon Capture Tech Save North Sea Oil Production?

Aug 13, 2021 at 11:20 | Felicity Bradstock

As North Sea oil exploration and production will continue for years to come, oil companies look at ways to reduce emissions following significant criticism from environmentalists. But will…

Oil Prices Resilient Despite Demand Doubts

Aug 13, 2021 at 11:17 | Josh Owens

Despite growing demand fears due to new outbreaks of covid across Asia, oil prices have remained resilient this week.

Asia Buys More U.S. Crude As Middle East Hikes Oil Prices

Aug 13, 2021 at 10:26 | Tsvetana Paraskova

Despite a slowdown in fuel demand due to the Delta variant, Asian refiners have booked more crude oil from the United States for the fourth quarter, taking advantage of the…

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