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Can Oil Firms Win Over ESG Investors?

Can Oil Firms Win Over ESG Investors?

As institutional investors grow increasingly…

Energy

Will Iraq Become A Petrochemicals Powerhouse?

May 05, 2021 at 16:58 | Simon Watkins

There are three key reasons why the development of a world-class petrochemicals (petchems) sector is vital to Iraq’s future. First, its heavy reliance on crude oil exports makes…

The Only Venue Where Oil Majors Will Still Spend Big

May 05, 2021 at 14:07 | Tsvetana Paraskova

Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart of…

Saudi Aramco Needs More Than Just Strong Earnings

May 05, 2021 at 13:54 | Cyril Widdershoven

Saudi Arabia’s national oil company Aramco has again outperformed forecasts. The world’s largest oil company, and 2nd largest listed company, reported a free cash…

The Shocking Truth About Data Center Energy Consumption

May 05, 2021 at 13:47 | Haley Zaremba

It’s almost impossible to qualify, much less quantify, the amount of disruption and destruction the spread of the novel coronavirus caused to the global economy. One of the…

Mozambique Delays Could Disrupt Global LNG Market

May 05, 2021 at 13:05 | Rystad Energy

The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even…

Suspected Islamic State Militants Blow Up Oil Wells In Northern Iraq

May 05, 2021 at 12:07 | Tsvetana Paraskova

Suspected Islamic State militants blew up two oil wells with bombs near the northern Iraqi city of Kirkuk on Wednesday, killing at least one security officer and setting the oil…

Saudis Set To Cut Oil Prices To Asia For First Time This Year

May 05, 2021 at 11:03 | Tsvetana Paraskova

Saudi Arabia is likely to reduce the price of its crude oil for Asia in June in what will be the Kingdom’s first price cut this year amid signs of…

Oil Moves Higher On Largest Crude Draw Since January

May 05, 2021 at 09:39 | Irina Slav

Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30. In fuels, the inventory…

Oil Close To Hitting $70 As The U.S. And Europe Reopen

May 05, 2021 at 09:06 | Tsvetana Paraskova

Brent oil prices were less than 50 cents away from hitting $70 per barrel early on Wednesday amid market optimism that reopening the United States and Europe would accelerate the…

Will Oil Hit $80 This Summer?

May 04, 2021 at 17:55 | Julianne Geiger

India, the world’s third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic that dented oil demand and pressured…

Will U.S. Crude Oil Exports Smash Records Again This Year?

May 04, 2021 at 17:36 | Irina Slav

Crude oil and refined petroleum product exports from the United States hit a record high last year, turning the country into a net exporter. This year, as more economies are…

Is It Time To Invest In Smart Energy Tech?

May 04, 2021 at 16:59 | Alex Kimani

In a virtual climate summit with 41 world leaders last month, President Joe Biden unveiled an ambitious ten-year Climate Plan that has proposed cutting U.S. greenhouse gas emissions by 50-52%…

Asian LNG Buyers Are Preparing For A Harsh Winter

May 04, 2021 at 15:57 | Vanand Meliksetian

Global markets have been hit hard by the economic downturn as a direct consequence of the Covid-19 pandemic. LNG prices were among the commodities which decreased sharply as consumption evaporated…

OPEC Output Flat Ahead Of Planned 600,000 Bpd Boost

May 04, 2021 at 13:16 | Tsvetana Paraskova

OPEC kept its crude oil production essentially flat in April, just before the OPEC+ alliance is set to raise output by 600,000 barrels per day (bpd) in May, a Bloomberg…

Oil Prices Hit 7-Week High On Demand Optimism

May 04, 2021 at 12:55 | Tom Kool

Chart of the Week

Shortage Of Tanker Truck Drivers May Lead To Higher Gasoline Prices This Summer

May 04, 2021 at 10:51 | ZeroHedge

The National Tank Truck Carriers (NTTC) industry trade group warns that a worsening semi-truck driver shortage may spark higher fuel prices and gas shortages this summer.  CNN reported that industry…

Investors Skeptical of Big Oil’s Green Plans

May 04, 2021 at 09:53 | Irina Slav

Only a minority of institutional investors in oil and gas seem to believe that Big Oil will be able to pull off a green transition, the Financial Times has

Oil Rises To Seven-Week High On Strong Remand Recovery

May 04, 2021 at 09:26 | Tsvetana Paraskova

Oil prices rose to the highest level in seven weeks early on Tuesday, as the market continues to believe that the economic and oil demand rebound in the United States…

Big Oil Hikes Dividends After Blowout Quarter

May 03, 2021 at 18:00 | Alex Kimani

Crude oil futures have rallied to their highest finish in six weeks, days after OPEC+ stuck with plans to gradually ease production curbs, signaling confidence in the demand outlook.…

Tech Giants Could Send Helium Prices Soaring as War For Supply Grows

May 03, 2021 at 17:11 | Arakan Okada

It's a global issue that could soon disrupt every industry from technology to medicine and much more. With the global supply of one commodity at its lowest level in years...…

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