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Energy

$100 Oil Predictions Soar As Analysts Warn Of Supply Crisis

Jun 16, 2021 at 11:55 | Tsvetana Paraskova

“Incredible demand,” inflation, and shareholder pressure on oil supermajors to drastically cut emissions could lead to an oil crisis within three years, with very high oil and gasoline prices, David…

Bullish Fundamentals Drive Oil Prices Higher

Jun 16, 2021 at 11:05 | Tsvetana Paraskova

Oil prices have rallied in recent days, as global demand continues to recover while OPEC+ keeps a tight rein on supply and speculators buy the oil complex, seeing few downside…

Oil Jumps On Significant Crude Draw

Jun 16, 2021 at 09:37 | Irina Slav

Crude oil prices rose further today after the Energy Information Administration reported a 7.4-million-barrel draw/build in inventories for the week to June 11. In fuels, the authority reported mixed…

Judge Blocks Biden’s Ban On Oil Leasing

Jun 16, 2021 at 09:00 | Charles Kennedy

A Louisiana federal judge has blocked President Biden’s ban on new oil leases on federal lands by issuing a preliminary injunction. According to a Wall Street Journal report, the…

2 Stocks That Could Play Pivotal Roles In America’s Infrastructure Makeover

Jun 15, 2021 at 15:05 | Alex Kimani

Rolling blackouts, freezing homes, and skyrocketing electricity prices. Back in February, Texas' primary electric grid suffered a one-two punch wrought by the deep freeze and off-the-charts demand for…

Japan Aims To Make Hydrogen Power Mainstream

Jun 15, 2021 at 14:46 | Tsvetana Paraskova

Japan, a country heavily dependent on fossil fuel imports, is betting big on hydrogen in industry, power generation, vehicles, and shipping as it looks to reach net-zero emissions…

Hackers Aren’t The Only Threat To The U.S. Power Industry

Jun 15, 2021 at 14:43 | Irina Slav

The power utility sector is one of the industries that are about to see the most dramatic change as parts of the world move towards a lower-carbon energy…

The Renewable Boom Faces A Major Hurdle Despite Record Investments

Jun 15, 2021 at 11:51 | Haley Zaremba

As the global clean energy revolution has accelerated at a breakneck pace over the last year, the renewable energy industry has encountered some serious growing pains. Earlier this…

The Automaker Powering Its Cars With Volcanos

Jun 15, 2021 at 11:31 | Irina Slav

A car that sports upward of 1,000 horsepower and speeds of up to 300 miles per hour is difficult to square with sustainability. Such cars are normally major…

Depleted Gas Stocks Force Europe To Use More Coal

Jun 15, 2021 at 11:22 | Tsvetana Paraskova

With power demand recovering from the pandemic, European utilities are using more coal as natural gas inventories are unusually low for this time of the year due to a cold…

Colombia Reboots Oil Industry Despite Deadly Protests

Jun 15, 2021 at 11:12 | Matthew Smith

After a devastating 2020 strife-torn Colombia has been rocked by widespread anti-government protests which were sparked at the end of April 2021 by President Duque’s proposed tax reform.…

Soaring Demand Drives The Oil Prices Rally Higher

Jun 15, 2021 at 10:45 | Josh Owens

Chart of the Week

The Worst Setback For The Solar Boom In A Decade

Jun 15, 2021 at 09:47 | Felicity Bradstock

As the International Energy Agency (IEA) pushes countries and energy firms away from traditional energy and towards renewables, solar energy production has hit a major hurdle as project…

Saudi Arabia To Boost Oil Production To 10 Million Bpd As Prices Rise

Jun 15, 2021 at 09:16 | Tsvetana Paraskova

Saudi Arabia is expected to hike its crude oil production to 10 million barrels per day (bpd) by the end of 2021, up by 1.5 million bpd from May, due…

Investors Are Buying Bitcoin In A Bear Market But Ignoring Oil In A Bull Market

Jun 15, 2021 at 09:00 | Charles Kennedy

While thousands of retail investors crowd the bitcoin space, many are missing out on some substantial gains from oil, investment celebrity Richard Bernstein has warned, as quoted by CNBC.…

Middle East Oil Prices Rise As Global Demand Recovers

Jun 14, 2021 at 14:03 | Gerald Jansen

Asia Demand Recovery Sparks July Pricing Hope First to confront the third wave of the COVID-19 pandemic, Europe and North America are now spearheading the demand recovery in…

Two Top Commodity Traders Bet Big On The Future Of Oil

Jun 14, 2021 at 13:45 | Irina Slav

Two commodity trading giants are betting big on a Russian oil project in a rare move that could make or break the oil traders’ fates - and oil…

The UAE Is Poised To Become The Next Middle East Energy Giant

Jun 14, 2021 at 12:46 | Felicity Bradstock

Saudi Arabia is synonymous with oil, the EU is obsessed with renewable energy, and the U.S. is the world's leading natural gas producer, but there are few countries…

The Renewable Energy Revolution Has A Major Employment Problem

Jun 14, 2021 at 11:26 | Haley Zaremba

Renewable energy is going gangbusters. The “remarkable and unstoppable growth of green energy” has been on the horizon for a long time now,…

U.S. Oil Prices Hit 32-Month High On Rising Global Demand

Jun 14, 2021 at 11:24 | Tsvetana Paraskova

Oil prices rose early on Monday, with the U.S. benchmark hitting a 32-month high and Brent rising above $73 per barrel as the market is growing increasingly bullish on demand…

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