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Energy

Putin Says That First Line Of Nord Stream 2 Is Now Complete

Jun 04, 2021 at 17:01 | RFE/RL staff

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been…

A War On Coal Is Playing Out In Central Europe

Jun 04, 2021 at 16:53 | Gerald Jansen

The reputation of coal has sustained great damage from an increasing amount of analytical reports describing it as the lowest-hanging fruit to halt global warming. Especially amongst OECD…

Tesla Is Facing Strong Competition With Ford And GM Ramping Up EV Sales

Jun 04, 2021 at 16:50 | ZeroHedge

Someone should put Elon Musk on notice: the legacy automakers have officially entered the EV sales fray. And domestic U.S. automakers have officially hit the ground…

WTI Nears $70 As Bulls Run Rampant

Jun 04, 2021 at 12:32 | Tom Kool

Oil bulls are out in force as OPEC+ succeeds in draining global inventories while successful vaccine programs give hope that the end of the global pandemic may be in sight. 

U.S. Rig Count Falls As Drillers Show Discipline

Jun 04, 2021 at 12:15 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States fell this week, bringing the total rig count to 456—still a more than…

Africa’s Oil Nations Push Against Global Drive To Shun Oil And Gas

Jun 04, 2021 at 11:02 | Tsvetana Paraskova

Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse…

Traders Rush To Ship Masked Venezuelan Crude To China

Jun 04, 2021 at 10:19 | Charles Kennedy

Commodity traders are in a rush to ship as much Venezuelan heavy crude to China as possible before a new fuel tax kicks in, causing a 40-50-percent rise in prices,…

Oil Prices Poised For A Breakout As WTI Nears $70

Jun 04, 2021 at 09:01 | Tsvetana Paraskova

Oil prices were rising early on Friday and headed to a second consecutive week of gains after the U.S. signaled that there may not be an imminent announcement of an…

Climate Activism Is Great News For Saudi Arabia And Russia

Jun 03, 2021 at 17:39 | Alex Kimani

Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors amidst a global shift…

Can We Actually Harness Energy From A Black Hole?

Jun 03, 2021 at 17:21 | Haley Zaremba

Could black holes be the key to the future of our energy production? Some scientists think so. And the secret to harvesting their energy lies in gamma-ray bursts,…

U.S. Cities And States Clash Over Natural Gas

Jun 03, 2021 at 16:33 | Irina Slav

It all began in California. In 2019, the city of Berkeley enacted the first city-wide ban on new natural gas hookups in residential…

Colombian Oil Production Slips Amid Deadly Protests

Jun 03, 2021 at 15:41 | Matthew Smith

Protests which erupted across Colombia in late April 2021 in response to proposed government tax hikes are now in their fifth week. There are indications that anti-government rallies…

Blackrock: Investors Cannot ‘’Run Away’’ From Oil Industry

Jun 03, 2021 at 14:43 | Tsvetana Paraskova

BlackRock, the world’s largest asset manager, will continue to work with oil and gas firms in order to help them through the energy transition, Reuters quoted chief executive Larry…

Are Regional Companies Ready To Dominate South Asian Oil Markets?

Jun 03, 2021 at 14:04 | Felicity Bradstock

Hibiscus Petroleum Bhd. is set to take over Repsol’s operations in Malaysia and Vietnam as the Spanish company sells its exploration and production assets in a move away…

Texas Gas Companies To Pay Steep Bill To Avoid Another Power Crisis

Jun 03, 2021 at 12:55 | Tsvetana Paraskova

Texas legislators have hashed out their differences in proposed legislation to address the failures at power plants and gas infrastructure and prevent another deadly power crisis like the disaster in…

Saudi Arabia Hikes Oil Prices For Asia Expecting Strong Demand Rebound

Jun 03, 2021 at 12:17 | Tsvetana Paraskova

The world’s top oil exporter, Saudi Arabia, raised on Thursday its official selling prices for Asia for July shipments amid rallying international oil prices and expected strong demand going forward.…

''We'll See $200 Oil": Russia & OPEC Ministers Blast IEA's Net Zero Plan

Jun 03, 2021 at 11:08 | ZeroHedge

After in recent months crude oil prices have clearly recovered from their COVID-19 slump on steadily increasing demand, Russian Deputy Prime Minister Alexander Novak addressed the much-anticipated decision-making at the…

EIA Inventory Report Sends Oil Higher

Jun 03, 2021 at 10:08 | Irina Slav

Crude oil inventories in the United States shed 5.1 million barrels in the week to May 28, the Energy Information Administration reported today, adding inventories were now at 3…

Activist Investor Wins Third Exxon Board Seat

Jun 03, 2021 at 09:01 | Irina Slav

Activist investor hedge fund Engine No.1 has won a third seat on the supermajor’s board of directors in an unprecedented shift of shareholder sentiment in the oil and gas…

Climate Revolt Against Big Oil May Lead To Surge In Crude Prices

Jun 02, 2021 at 16:35 | Tsvetana Paraskova

The surge in climate activism demanding that Big Oil drastically cut emissions and shift strategies to investment in low-carbon energy instead of oil and gas could result in…

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