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Will Namibia Become OPEC’s Newest Member?

Will Namibia Become OPEC’s Newest Member?

Namibia wants to join OPEC…

Will Big Oil See Better Earnings In Q2?

Will Big Oil See Better Earnings In Q2?

The energy sector has underperformed…

Energy

The Refining Industry Is Struggling To Adapt To The Future

Jul 13, 2021 at 12:45 | Tsvetana Paraskova

The upstream oil and gas business is recovering from one of the worst slumps in recent memory as oil prices sit at around $75 per barrel and global…

Oil Price Volatility Spikes On OPEC+ Uncertainty

Jul 13, 2021 at 12:30 | Josh Owens

Growing uncertainty over the OPEC+ agreement and warnings from the IEA of another oil price war has caused volatility in oil markets to spike.

Oil Has Become The Hottest Commodity On Wall Street

Jul 13, 2021 at 12:17 | Irina Slav

Crude oil has been having a great 2021 so far—a very different situation to last year’s when the pandemic devastated demand for all commodities fueling a price rout…

Alaska’s Most Important Pipeline Faces An Existential Threat

Jul 13, 2021 at 12:15 | Felicity Bradstock

An area of thawing permafrost is threatening a stretch of a major Alaskan pipeline as the structure experiences damages from the changing weather.An 810-foot…

World’s Recoverable Oil Resources Shrinks By 9%

Jul 13, 2021 at 12:14 | Rystad Energy

Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the…

A Zero-Cost Solution For The Oil Industry’s Methane Problem

Jul 13, 2021 at 11:57 | Haley Zaremba

As the spread of the novel coronavirus disrupted industries around the world, the rate of global greenhouse gas emissions took a big dip. BP’s annual

China Oil Imports Fall To Lowest In 2021

Jul 13, 2021 at 11:40 | Irina Slav

China’s crude oil imports fell to some 9.77 million barrels daily last month, down 2 percent on May and the lowest monthly level since the start of the year, Reuters…

Permian To Drive U.S. Shale Production Increase In August

Jul 13, 2021 at 10:23 | Charles Kennedy

U.S. shale oil production will increase by a modest 42,000 bpd in August, according to the Energy Information Administration. In its latest Drilling Productivity Report, the EIA forecast that…

Why Saudi Arabia Is Likely To Win The OPEC+ Standoff

Jul 13, 2021 at 09:41 | Irina Slav

OPEC+ could take until August to decide whether to adjust production baselines, Arab News reported, citing JP Morgan analyst Christian Malek. According to Malek, the oil cartel could take…

The IEA Warns Of Another Oil Price War

Jul 13, 2021 at 09:02 | Tsvetana Paraskova

The oil market has been on edge for a week now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said on…

Huge Dividend Cripples World’s Largest Oil Company

Jul 12, 2021 at 16:09 | Simon Watkins

The transformation of Saudi Arabia’s flagship asset, Aramco, from perpetual cash-generation machine into a debt-laden giant is set to pick up pace in the coming weeks with a…

High Oil Prices Threaten The Global Economic Recovery

Jul 12, 2021 at 16:05 | Tsvetana Paraskova

Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in…

The Ongoing Transformation Of ‘Big Oil’

Jul 12, 2021 at 16:03 | Irina Slav

When last year BP vowed to reduce its oil and gas output by 40 percent by 2030 as it shifts to renewable energy, it came as…

Investors Are Betting Big On The Future Of EV Efficiency

Jul 12, 2021 at 15:51 | Alex Kimani

With the global electrification drive in full swing, electric cars have constantly been improving in terms of mileage, performance, charging time—and costs. And, Wright's law

U.S. Gasoline Demand In 2021 May Have Peaked Already

Jul 12, 2021 at 14:14 | Charles Kennedy

The United States may have seen 2021 gasoline demand peak around the July 4 holiday, but increased airline traffic at domestic airports bodes well for the overall recovery in oil…

Spreads And Inventory Levels Suggest Oil Prices Will Go Even Higher

Jul 12, 2021 at 14:11 | ZeroHedge

Oil prices have continued to rally this year as economies recover from impaired pandemic levels, however, calendar spreads have been unable to realize their bullish intent. In fact,…

Colombia Looks Offshore To Revitalize Its Oil Industry

Jul 12, 2021 at 12:54 | Matthew Smith

After an exceptionally tough 2020 and poor start to 2021 for Colombia’s oil industry, the country’s energy ministry is betting on an offshore…

Paid To Poop: How Feces Is Creating “Clean” Energy

Jul 12, 2021 at 12:00 | Charles Kennedy

A university in South Korea has designed an eco-friendly toilet that turns waste into energy and cryptocurrency, which university students can use to buy food and coffee on campus.…

India: Rich Economies Must Help Foot Our Energy Transition Bill

Jul 12, 2021 at 11:06 | Charles Kennedy

Wealthy economies must help with financing India’s energy transition, Bloomberg reported this week, citing the country’s Environment Secretary. “Every policy decision has a cost to the economy. Going net-zero…

Iran Nuclear Deal 90% Done: Russian Diplomat

Jul 12, 2021 at 10:01 | Irina Slav

About 90 percent of the work on the Iran nuclear deal has been done, but the 10 percent that remains might prove a tough nut to crack. That’s according to…

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