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Energy

Canada's Climate Policies Criticized by Oil Sector and Environmentalists Alike

Jul 18, 2024 at 08:21 | Haley Zaremba

Canada is trying to perform a high wire act between maintaining its reputation as one of the world’s most climate-conscious superpowers on one side, and its position as one of…

China's Grip on Rare Earth Industry Tightens as Prices Drop

Jul 18, 2024 at 08:16 | ZeroHedge

Rare earth mineral companies in China have been stung by declining prices at the same time the government "tightens its grip" on the industry, according…

Can the U.S. Avoid an Energy Crisis?

Jul 18, 2024 at 06:21 | ZeroHedge

Authored by Danny Ervin via RealClearEnergy, I am generally pessimistic about the future of the U.S. due to recent energy policies at the federal and state levels…

Middle East Oil Benefits As China Buys Less African Crude

Jul 17, 2024 at 16:28 | Alex Kimani

China has long been building inroads into Africa, while the U.S. backs down from the region, leaving a gaping hole in the West’s influence over the “final frontier”. Now, however,…

Seasonal Demand and Production Cuts Drive Oil Rally

Jul 17, 2024 at 13:59 | Julianne Geiger

Oil bulls have a narrow window for bullish bets as driving season and weather disruptions create a prime opportunity for a market rally. With the driving season in full swing…

Oil and Gas Exports Are Increasingly Important for Canada's Economy

Jul 17, 2024 at 10:35 | Tsvetana Paraskova

Canada’s oil and gas industry has seen its share of the country’s merchandise exports jump over the past two decades, and energy is now a crucial contributor to Canadian trade…

Oil Extends Gains As EIA Confirms Crude Draw, Rising Fuel Inventories

Jul 17, 2024 at 09:54 | Julianne Geiger

Crude oil prices went higher today, after the U.S. Energy Information Administration reported an inventory draw of 4.9 million barrels for the week to July 12. This was on top…

LNG Market Crucial for Energy Security and Decarbonization Plans

Jul 17, 2024 at 08:52 | Haley Zaremba

Global liquefied natural gas markets (LNG) are in a prolonged state of flux. The ongoing Russian war in Ukraine has continued to create waves in global energy markets, and the…

The EU Is Facing a Looming Gas Supply Crisis

Jul 17, 2024 at 08:44 | Rystad Energy

The European Union (EU) targets a ban on Russian fuel imports by 2027. However, nearly half of Russia's pipeline gas supplies to Europe and Moldova are still passing…

Container Ship Backlogs and Soaring Rates Drive Supply Chain Congestion Concerns

Jul 17, 2024 at 08:23 | ZeroHedge

Goldman's Jordan Alliger released his latest supply chain congestion note on Monday, informing clients that for the first time in 1.5 years, the supply chain congestion index is…

Was President Trump Responsible for Lower Gas Prices?

Jul 17, 2024 at 07:54 | Robert Rapier

No energy topic elicits as much interest as gas prices. The three most popular articles I have ever written — one with more than a million views — were about…

Four Unexplored Indian Basins May Hold More Oil Than The Permian

Jul 16, 2024 at 16:14 | Alex Kimani

Four largely unexplored sedimentary basins in India could hold up to 22 billion barrels of oil, S&P Global Commodity Insights has reported. In effect, lesser-known Category II and III basins,…

The West Expands Its Presence In Key Egyptian Gas Sector

Jul 16, 2024 at 12:54 | Simon Watkins

One of the largest Western investors in Egypt’s energy sector, Italy’s Eni, has announced that it is to drill new wells in the country’s flagship Zohr field, the largest gas…

Canada's Oil Industry Enjoys Boom Year, But There's a Catch

Jul 16, 2024 at 10:42 | Tsvetana Paraskova

Canada's oil industry is enjoying a boom year with the start of the Trans Mountain Expansion Project in May, which tripled the volumes Alberta's oil producers can send via the…

WTI Falls To $80 Despite Expectations of Global Q3 Supply Deficit

Jul 16, 2024 at 09:44 | Tom Kool

Oil prices are falling on Tuesday morning as weaker-than-expected economic data from China sparks demand concerns. WTI crude fell back to the $80 handle ahead of this week's crude inventory…

Gulf Oil Producers Invest Heavily in Carbon Capture and Hydrogen

Jul 16, 2024 at 08:05 | Oxford Business Group

As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen;…

UK Fund Faces Headwinds as Energy Storage Challenges Emerge

Jul 16, 2024 at 08:02 | City A.M

Gore Street Energy fund said it remains confident in delivering strong returns to investors despite “challenging” conditions in Britain’s energy storage market over the last…

Africa Emerges as Focal Point in Global Oil and Gas Exploration

Jul 16, 2024 at 07:54 | Rystad Energy

The skewed activity is highlighted by explorers demarcating assets within their portfolios as ‘core’ areas of operations, with the majority of guided exploration spending being directed towards exploring…

India Increases Windfall Tax on Crude Oil

Jul 16, 2024 at 05:55 | Michael Kern

India has raised its windfall tax on petroleum crude effective July 16, the government said in a notification on Monday.  The windfall tax on petroleum crude was revised up…

Trump's VP Choice Could Signal Rollback of Climate Protections

Jul 16, 2024 at 05:37 | Tsvetana Paraskova

Environmental campaigners have slammed Donald Trump’s pick for running mate, Ohio Republican Senator J.D. Vance, saying that he is a climate change denier and a “Big Oil sell-out” who will…

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