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Energy

Europe May Face LNG Crisis This Winter

May 09, 2022 at 10:50 | Rystad Energy

A liquified natural gas (LNG) crisis is brewing for European countries dealing with energy insecurity in the wake of Russia’s invasion of Ukraine, as demand will outstrip supply…

Why The EU Will Abandon Its Plan To Ban Tankers From Shipping Russian Crude

May 09, 2022 at 09:40 | Tsvetana Paraskova

The European Union is expected to leave out of the next sanctions package against Russia a proposed ban on EU-owned vessels from transporting Russian oil anywhere in the world due…

Gasoline Prices May Have Finally Peaked

May 09, 2022 at 08:52 | Robert Rapier

Following Russia’s invasion of Ukraine and the subsequent sanctions on Russian oil, the price of crude oil rapidly climbed above $120 a barrel. Gasoline prices — which had…

Saudi Energy Minister: Insufficient Investment To Blame For High Fuel Prices

May 09, 2022 at 08:40 | Tsvetana Paraskova

Not enough investment in global refining capacity is one of the key drivers of the global rally in gasoline, diesel, and jet fuel prices, according to Saudi Arabia’s…

China’s COVID Lockdowns Force Aramco To Slash Oil Export Prices

May 09, 2022 at 08:34 | Irina Slav

Saudi Aramco has reduced its oil export prices for the first time in four months amid Covid lockdowns in China that are spurring concern about demand stability.

U.S. Rig Count Ticks Higher As Oil Prices Head For Another Weekly Gain

May 06, 2022 at 12:49 | Julianne Geiger

The number of total active drilling rigs in the United States rose by 7 this week, after an increase of 3 rigs in the week prior, according to…

U.S. Shale Swings From Losses To Record Cash Flows

May 06, 2022 at 12:38 | Tsvetana Paraskova

After years of plowing money into boosting production and thus depressing oil prices, the U.S. shale patch emerged from the pandemic-inflicted slump with unwavering capital discipline which, combined…

NOPEC Bill Could Send Prices At The Pump Even Higher

May 06, 2022 at 12:35 | Tsvetana Paraskova

After some two decades of failed attempts, the NOPEC (No Oil Producing and Exporting Cartels) Act was passed by a Senate panel on Thursday in…

Oil Is Here To Stay, But We Can Reduce Its Emissions

May 06, 2022 at 12:32 | Felicity Bradstock

Low-carbon oil seems pivotal to the future of fossil fuel production as it becomes clear that the world is still highly dependent on crude. Working to fill the…

Southeast Europe’s Search For Natural Gas Supplies

May 06, 2022 at 12:29 | Eurasianet

Late last month Moscow stopped gas exports to two “unfriendly countries” that refused to be bullied into paying with rubles: Bulgaria and Poland. The Balkans are…

Europe Sees Huge Hydrogen Opportunity In Asia

May 06, 2022 at 12:27 | Felicity Bradstock

Hot on the tail of Europe, which has expanded its green hydrogen production over the last year, Asia is developing its hydrogen industry to become a major producer…

NOPEC: America's Last Stand Against OPEC’s Drift To The East

May 06, 2022 at 12:26 | Simon Watkins

The passing on Thursday by a U.S. Senate committee of the ‘No Oil Producing or Exporting Cartels’ (NOPEC) bill is the surest sign yet that Washington has finally…

OPEC Stays Silent As EU Rushes To Ban Russian Oil

May 06, 2022 at 12:20 | Irina Slav

The Organisation of Petroleum Exporting Countries and its partners in OPEC+ led by Russia decided this week they would not increase their target…

Colombia’s Shale Boom Might Be Over Before It Even Started

May 06, 2022 at 12:18 | Matthew Smith

The controversial crude oil extraction technique hydraulic fracturing, known as fracking, has long been touted as a solution to Colombia’s rapidly dwindling petroleum reserves. The strife-torn Latin American…

Orban: Russian Oil Ban Is Like Nuclear Bomb On Hungarian Economy

May 06, 2022 at 12:12 | ZeroHedge

Hungary's Prime Minister Viktor Orbán has again loudly expressed his country's firm rejection of the proposed EU ban on the import of all Russian oil currently being mulled…

China’s Biggest Refiner Has No Plans To Scoop Up Cheap Russian Oil

May 06, 2022 at 12:09 | Charles Kennedy

State-owned PetroChina will not buy up heavily discounted Russian oil and gas, China’s biggest oil and gas refiner said Friday.  Chief Financial Officer Chai Shouping told…

Oil Prices Underpinned By Supply Jitters

May 06, 2022 at 12:07 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are up over 3% for the week with most of the gains attributed to the European Commission’s decision to place an embargo on…

The Slow Rebound Of Upstream Oil Investment

May 06, 2022 at 12:06 | Editorial Dept

1. Disregarding Supply Shocks, OPEC+ Sticks to Conservative PolicyOPEC+ approved another 432,000 b/d increase in…

Is Now The Time For The NOPEC Bill?

May 06, 2022 at 12:04 | Editorial Dept

Politics, Geopolitics & Conflict NOPEC legislation is a dangerous provocation. Passed by a Senate panel on Thursday after being bandied about for some 20 years and rejected time and again,…

Can The Energy Sector Continue To Outperform?

May 06, 2022 at 12:02 | Editorial Dept

Until recently, revealing to people that I wrote about and traded in the energy sector invariably provoked the same response. Their jaws would drop, and they would look at me…

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