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India Ratchets Up Its Renewable Energy Installations

India Ratchets Up Its Renewable Energy Installations

India has ratcheted up renewable energy installations…

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

U.S. supermajors ExxonMobil and Chevron,…

Energy

Why Exxon Is Doubling Down On Guyana’s Offshore Oil Boom

Jul 28, 2021 at 11:05 | Matthew Smith

Global oil supermajor ExxonMobil is investing heavily in South America seeing it become the driving force behind Guyana’s offshore oil boom. The integrated energy company is reporting stunning successes…

Exxon Makes Another Major Oil Discovery Offshore Guyana

Jul 28, 2021 at 10:38 | Tsvetana Paraskova

ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday. The Whiptail discovery in the Stabroek Block adds…

Here’s Why Analysts Expect Record-High Earnings For ExxonMobil

Jul 28, 2021 at 10:26 | ZeroHedge

Surging prices for plastics are likely to help Exxon's petrochemicals division post record-high earnings this week when the company reports its earnings. Items like flooring, roofing…

The Most Important Oil Project Of The Year Is Set To Go Live

Jul 28, 2021 at 10:21 | Simon Watkins

Iran’s Jask oil terminal is now fully set to start loading vast quantities of crude to any major buyer in the world via the Gulf of Oman, with…

Oil Prices Boosted By Falling Crude Inventories

Jul 28, 2021 at 09:42 | Irina Slav

Crude oil prices rose today after the Energy Information Administration reported an inventory draw of 4.1 million barrels for the week to July 23. This compared with a build…

Global Gasoline Demand Could Flatten As Delta Variant Spreads

Jul 28, 2021 at 08:56 | Tsvetana Paraskova

Resurging COVID infections in many major oil-consuming markets, including the United States, Europe, and Southeast Asia, could stagnate the recovery in road fuel consumption globally in the coming weeks, analysts…

The Best Risk-Reward Plays In Oil

Jul 27, 2021 at 14:13 | Alex Kimani

Oil prices have been ticking upwards after OPEC+ reached an agreement on Sunday that will see the group start adding 400,000 bpd production each month from August. Goldman…

Refiners Face Huge Long-Term Challenges

Jul 27, 2021 at 14:07 | Tsvetana Paraskova

The global refining industry has not recovered yet from the impact of the pandemic, but it is already facing longer-term challenges with the energy transition. Over…

Russia Ramps Up Its Hydrogen Energy Ambitions

Jul 27, 2021 at 14:03 | Felicity Bradstock

Russia is building on its 2020 roadmap for hydrogen production over the next decade, announcing a new working group to coordinate the country’s hydrogen production and exportation projects.  …

Venezuela Plans To Revive Its Oil Industry Despite U.S. Sanctions

Jul 27, 2021 at 14:00 | Felicity Bradstock

Venezuela is ignoring U.S. sanctions with its plan to boost production to 1.5 million bpd by the end of the year, around three times the current output.

India May Join China In Bid To Lower Oil Prices

Jul 27, 2021 at 13:03 | Tsvetana Paraskova

The world’s third-largest crude oil importer, India, could join China in tapping into its strategic petroleum reserve in a bid to sell lower-priced crude to its refiners amid rallying international…

Can Turkmenistan Become A Serious Gas Player In Europe?

Jul 27, 2021 at 12:02 | Vanand Meliksetian

The Caspian Sea is one of the world’s largest and oldest oil and gas producing regions. During the Cold War, the hydrocarbon-rich area was Soviet-controlled as the vast…

Why The U.S. Wants China To Stop Importing Iranian Crude

Jul 27, 2021 at 11:57 | Josh Owens

In an attempt to increase pressure on Iran in order to push through a nuclear deal with Iran, the U.S. is considering cracking down on Iranian oil exports to China.…

U.S. LNG Exports Jump To Record In H1 2021

Jul 27, 2021 at 10:52 | Tsvetana Paraskova

Rising spot demand in both the winter and summer months from Asia and Europe and lower U.S. benchmark gas prices than international prices resulted in record-high American liquefied natural gas…

Libya Looks To Boost Oil Production To 1.6 Million Bpd In 2022

Jul 27, 2021 at 10:02 | Tsvetana Paraskova

Libya could boost its oil production to 1.6 million barrels per day (bpd) by the middle of 2022 if the industry has the necessary funding, Libya’s Oil Minister Mohamed Oun…

Iraq Wants Other U.S. Oil Company To Replace Exxon

Jul 27, 2021 at 09:03 | Irina Slav

Iraq wants another U.S. company to replace Exxon as a shareholder in the West Qurna 1 field, one of the country's largest after the supermajor leaves the country. "Exxon Mobil…

The EV Battery Conundrum: Commodity Rally Could Reverse Cost Curve

Jul 26, 2021 at 13:21 | Irina Slav

At the end of last year, BloombergNEF reported that the price of electric vehicle batteries had for the first time fallen to $100…

Argentina’s Oil Industry Is Finally Bouncing Back

Jul 26, 2021 at 12:50 | Matthew Smith

While the COVID-19 pandemic and 2020’s oil price collapse hit Argentina’s hydrocarbon sector hard, leading to some analysts to claim that it may never fully…

Automakers Take Multi-Billion Profit Hit As Battery Metals Boom

Jul 26, 2021 at 12:44 | Tsvetana Paraskova

Rising prices of critical electric vehicle (EV) metals are denting the profits of global automakers, just as a growing number of legacy carmakers are investing more in zero-emission…

U.S. Shale Is Scrambling To Reinvent Itself

Jul 26, 2021 at 12:33 | Haley Zaremba

Oil has dominated global economics and dictated the shape, terms, and function of the geopolitical map for nearly 200 years. While two centuries is the merest of blips…

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