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Refiners Face Huge Long-Term Challenges

Refiners Face Huge Long-Term Challenges

Refiners are only just starting…

China Taps Into Crude Reserves To Curb Oil Price Rally

China Taps Into Crude Reserves To Curb Oil Price Rally

The world’s top oil importer,…

Energy

Oil Rallies After Poor Open

Jul 21, 2021 at 08:58 | Tsvetana Paraskova

Oil prices started Wednesday trade in Asia lower, extending the slide from late on Tuesday, when an industry report of a surprise U.S. crude inventory increase stopped the rise in…

Could This Be The Most Promising Oil Play Of The Decade?

Jul 20, 2021 at 12:19 | James Stafford

No oil discovery narrative appears to have captured investor attention this year as much as Reconnaissance Africa’s (TSXV:RECO, OTC:RECAF) acquisition of the rights to Namibia’s giant, 6.3-million-acre Kavango…

China Buys Less Saudi Crude As It Slams The Brakes On Oil Imports

Jul 20, 2021 at 12:13 | Tsvetana Paraskova

Saudi Arabia remained China’s single largest crude oil supplier in June, ahead of Russia, although Saudi shipments to the world’s top oil importer fell by 19 percent last month amid…

Gold Prices Show That Oil Is Still Cheap

Jul 20, 2021 at 12:02 | Alex Kimani

Oil prices have tanked over the past two weeks, suffering from fears of additional OPEC supply hitting the market, the shattering of demand optimism over Delta variant fears,…

Hedge Funds Won Big On OPEC Spat

Jul 20, 2021 at 12:02 | Tsvetana Paraskova

Money managers continue to take profits on oil futures and options contracts after crude prices hit multi-year highs in early July.   Hedge funds and other portfolio…

10 Things You Never Knew About Oil

Jul 20, 2021 at 11:59 | Julianne Geiger

From OPEC to U.S. shale, from fracking to negative oil prices, from endless political debates to inventories, the fossil fuel industry is never short on headlines. But the…

A Terrible Time For OPEC+ To Resolve Differences

Jul 20, 2021 at 11:42 | Josh Owens

It seems that Saudi Arabia and the UAE could not have picked a worse time to resolve their differences, with the OPEC+ announcement coming just as Covid cases climbed and…

The Best Energy Stocks For A Volatile Summer

Jul 20, 2021 at 11:06 | Alex Kimani

Oil prices have been reeling ever since Saudi Arabia and the United Arab Emirates (UAE) reached a compromise that resolved their nearly two-week-long standoff over production levels. Under…

Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss

Jul 20, 2021 at 08:34 | Julianne Geiger

After plunging nearly 7% on Monday, oil prices saw a leveling off and even a smidgeon of a rebound on Tuesday in what many hope will be a new state…

What's Next For Oil After The New OPEC+ Deal

Jul 19, 2021 at 17:06 | David Messler

The recent OPEC+ meeting ended with an agreement that would gradually increase the cartel’s monthly production until in late 2022 all of the…

China’s Changing Policies Could Create A Huge Oil Demand Deficit

Jul 19, 2021 at 16:41 | Simon Watkins

Figures released last week show that China’s crude oil imports in the first half of 2021 declined for the first time in eight years. China has been the…

Why Saudi Arabia Hiked Oil Prices So Aggressively

Jul 19, 2021 at 15:56 | Gerald Jansen

The failure of the OPEC+ talks and the subsequent (albeit gradual) rapprochement of the sides coincided with Middle Eastern NOCs setting their August 2021 official selling prices. The…

Why We Can't Afford To Turn Our Backs On Fossil Fuels

Jul 19, 2021 at 11:30 | Irina Slav

When President Biden served the death blow to the Keystone XL pipeline this January, environmentalists rejoiced. Canadian oil exports to the United States, however, did not decline. What…

Everything You Need To Know About OPEC’s New Agreement

Jul 19, 2021 at 11:30 | Tsvetana Paraskova

OPEC+ agreed on Sunday exactly how the group should proceed with its oil supply management in the coming months, putting an end to a two-week stalemate over baseline…

South American Oil Under Threat As Unrest Grapples The Region

Jul 19, 2021 at 11:16 | Matthew Smith

The Arab Spring, which was a series of pro-democracy anti-government uprisings over a decade ago that swept across several largely Islamic states, triggered…

Europe Ramps Up Pivot Away From Fossil Fuels

Jul 19, 2021 at 11:10 | Ag Metal Miner

Reducing carbon emissions seems to be on the top of everybody’s agenda at the moment. A recent post in The New York Times

OPEC Could Double Its Control Over Oil Market

Jul 19, 2021 at 11:03 | Julianne Geiger

OPEC could double its control over the oil market, to between 70% and 80%, according to Lukoil's Vice President. OPEC will win its increased share by default, Leonid Fedun, Vice…

Goldman Sachs Raises Oil Price Forecast Following OPEC Deal

Jul 19, 2021 at 10:04 | Tsvetana Paraskova

The agreement which OPEC+ reached on Sunday is modestly bullish for Goldman Sachs’s forecast that Brent will hit $80 per barrel this summer, the investment bank said in a…

Oil Prices Crash After OPEC+ Reaches Deal To Ease Cuts

Jul 19, 2021 at 08:18 | Tsvetana Paraskova

Oil prices dropped by 5 percent early on Monday, with WTI Crude slipping to $67 per barrel, after OPEC+ decided on Sunday it would start returning 400,000 barrels per day…

Coal-Based Bitcoin Mining Jumps In Kazakhstan Amid China’s Ban

Jul 16, 2021 at 16:10 | Charles Kennedy

Bitcoin mining continues to rely predominantly on electricity generated from fossil fuels despite the heightened attention to the climate toll of crypto mining. Kazakhstan, where fossil fuels make up nearly…

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