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Energy

Trump Administration Shocks Oil Industry With Biofuel Waiver Decision

Sep 14, 2020 at 16:40 | Julianne Geiger

After shocking the oil industry with last week’s extension to a coastal drilling ban offshore Florida, Georgia, and a handful of other states, the Trump Administration said on Monday that…

Second Wave Of COVID Could Crush Road Fuel Recovery

Sep 14, 2020 at 16:00 | Charles Kennedy

A resurgence of coronavirus cases in many parts of the world over the next few months will be the main hurdle to global demand for gasoline and diesel recovering to…

Big Tech Still Loves The Oil Business

Sep 14, 2020 at 13:34 | Irina Slav

When Google earlier this year announced that it would stop making AI products for the oil and gas industry, prompted by a revelatory…

CFTC Report: Financial Markets Under Threat From Climate Change

Sep 14, 2020 at 12:24 | Leonard Hyman & William Tilles

When an advisory panel chartered by the Commodities Futures Trading Commission (CFTC), one of the Trump administration’s regulatory agencies, warns, unanimously, that climate change threatens the stability of our financial…

Oil Market Sentiment Shifts As Supply Concerns Mount

Sep 14, 2020 at 11:28 | Yousef Alshammari

Oil markets are spiraling downwards as bearish factors mount and sentiment shifts. One of these factors is the concerns over rising exports from OPEC+ in Q3, with the…

BP: Oil Demand Growth is Dead

Sep 14, 2020 at 10:58 | Irina Slav

The world is past the era of growing crude oil demand, BP said in its annual energy outlook report, which was released today. The message of the outlook, according…

Citi Bank Sees $60 Oil In 2021

Sep 14, 2020 at 09:59 | Tsvetana Paraskova

Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which…

Oil Prices Fall As Libyan General Pledges To Reopen Ports

Sep 14, 2020 at 09:04 | Irina Slav

Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday.…

Where Is Future Oil Demand Going To Come From?

Sep 11, 2020 at 17:50 | Irina Slav

Rising levels of oil in floating storage, price cuts for Saudi crude, and a slowdown in Chinese imports: these were some of the factors that recently pressured oil…

Natural Gas Industry Sees Support From U.S. Voters

Sep 11, 2020 at 17:47 | Charles Kennedy

U.S. voters generally support natural gas production, but nearly half of U.S. registered voters believe the natural gas industry must do more to reduce emissions to have natural…

Will Trump Bail Out Struggling Refiners?

Sep 11, 2020 at 17:43 | Michael Kern

The Trump Administration’s biofuel boogie continues with a new plan to help ease the economic pains of refiners which have been denied waivers through a series of potential…

$65 Oil And $5000 Gold: Traders Expect Volatility In Key Commodities

Sep 11, 2020 at 17:42 | Tsvetana Paraskova

The year of the pandemic put two commodities under the spotlight, but for different reasons. Gold prices hit an all-time high in August, while crude oil slipped into…

The Net Zero Emissions Lie

Sep 11, 2020 at 17:41 | Josh Owens

Cutting carbon emissions has become a central focus of countries and companies alike in the past decade. The oil majors are racing to ‘go green

Russia Could Get Forced Out Of Africa's Hottest Offshore Oil Play

Sep 11, 2020 at 17:24 | Viktor Katona

Times are tough for Russian oil companies. In the post-Crimean era where sanctions have become the new normal, oil prices above 40-45 per barrel have guaranteed a sustainable…

The High Cost Of Decommissioning Oil Platforms In The North Sea

Sep 11, 2020 at 17:19 | Rystad Energy

Platforms may be similar in characteristics and configuration, but the cost of decommissioning them can differ significantly depending on location, climate and regulations. The recent oil price slump…

Traders Charter Supertankers Amid Signs Of New Oil Glut

Sep 11, 2020 at 13:44 | Tsvetana Paraskova

The world’s top oil traders have been chartering dozens of supertankers for potentially storing oil at sea amid signs that demand recovery has stalled.   Trafigura has chartered 12 very…

Low Oil Prices Have Put OPEC+ In A Bind

Sep 11, 2020 at 12:41 | Josh Owens

While bearish sentiment has returned to oil markets due to what appears to be a weakening demand recovery, oil prices climbed on Friday morning after steep losses earlier in the…

BP And Shell Take A Stand Against Gas Flaring In Texas

Sep 11, 2020 at 12:22 | Irina Slav

BP and Shell have urged Texas energy regulators to put a stop to routine gas flaring across the state’s oil fields, Bloomberg reported,…

U.S. Rig Count Falls As Oil Market Uncertainty Continues

Sep 11, 2020 at 12:15 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 1 to 180. The total number of active oil and gas rigs decreased…

Oil Markets Face Bearish Blowback

Sep 11, 2020 at 11:27 | Editorial Dept

U.S. West Texas Intermediate crude oil is under pressure on Friday and in a position to close lower for a second consecutive week on growing demand worries and an unexpected…

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