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Energy

3 Chinese Energy Stocks To Buy And 3 To Avoid

May 27, 2021 at 17:49 | Alex Kimani

When it comes to investing in the Middle Kingdom, tech companies such as Alibaba Group (NASDAQ:BABA), Baidu Inc.(NASDAQBIDU), Tencent Holdings (OTCPK:TCEHY), and NetEase Inc. (NASDAQ:NTES) tend to hog the limelight…

Boardroom Blitz Isn’t A Crushing Blow For Big Oil

May 27, 2021 at 17:05 | Irina Slav

Whether Big Oil was just dealt a crushing blow by climate activists or whether this is simply a new leaf in a book that we’ve already opened depends largely on…

OPEC+ Set To Proceed With Plans To Boost July Oil Production

May 27, 2021 at 14:47 | Tsvetana Paraskova

The OPEC+ group is expected to confirm next week its May-July plan to ease the oil production cuts by the planned 840,000 barrels per day (bpd) in July, OPEC+ delegates…

Is There A Huge Undisclosed Short In Oil Explorer Reconnaissance Energy Africa?

May 27, 2021 at 14:21 | Charlie Danes

One of our picks for the most exiting oil plays of the last decade, Reconnaissance Energy Africa (TSX.V: RECO, OTCMKTS:RECAF) appears it may have come under heavy short…

Attempts To Regulate Bitcoin Emissions Are Pointless

May 27, 2021 at 13:57 | Haley Zaremba

As Bitcoin gains prominence and edges closer to becoming a mainstream currency, the value, popularity, and ecological footprint of the cryptocurrency are skyrocketing. For all of the positive…

What The Shell Climate Case Means For Big Oil

May 27, 2021 at 13:01 | Cyril Widdershoven

Global oil and gas companies could be facing a major legal threat if the Dutch court ruling on Royal Dutch Shell sets an…

Expect A Wave Of Climate Lawsuits Against Big Oil Following Shell's Case

May 27, 2021 at 11:02 | Tsvetana Paraskova

The environmental group which scored a big win against Shell in court on Wednesday is already helping fellow organizations to sue other Big Oil companies over their contribution to climate…

Biden Defends Alaska Oil Project

May 27, 2021 at 09:55 | Irina Slav

President Biden’s administration has backed the Willow oil project in Alaska in a new filing by the Department of Justice. “A Wednesday filing by the U.S. Department of Justice continues…

$260 Billion EV Bill Advances In Senate

May 27, 2021 at 09:01 | Charles Kennedy

A clean energy tax credit bill worth some $259.5 billion can advance to the Senate floor after the upper house's Finance Committee voted 14-14 on it, Bloomberg reports, noting…

Sanctions-busting Iranian Pipeline To Make First Shipment In June

May 26, 2021 at 15:57 | Simon Watkins

Iran’s Goreh-Jask oil pipeline is due to ship its first crude oil in June, with all construction having finished last week. This pipeline will enable Iran to transport huge quantities…

S&P Report: Gulf Producers To Slash Deficits As Oil Prices Rise

May 26, 2021 at 15:01 | Charles Kennedy

The Arab Gulf oil producers are expected to slash their combined government deficits to some $80 billion this year from $143 billion last year, thanks to higher oil prices, reopening…

Asia Braces For Expensive LNG This Summer

May 26, 2021 at 13:49 | Tsvetana Paraskova

Economic recovery and a rebound in liquefied natural gas demand in the world’s largest LNG importing region, Asia, are set to keep spot regional LNG prices around current levels of…

UK Snubs IEA Suggestion To Stop Oil Exploration

May 26, 2021 at 12:02 | Charles Kennedy

The UK has no plans to stop new oil exploration, Reuters has reported, citing the Department for Business, Energy and Industrial Strategy. That’s despite the recent IEA roadmap to…

Nigeria Inks Massive Oil Deal With Supermajors

May 26, 2021 at 10:58 | Irina Slav

Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field, the NNPC said…

Oil Prices Bounce Back On Bullish Inventory Data

May 26, 2021 at 09:40 | Irina Slav

A day after the American Petroleum Institute reported a minor crude draw that nevertheless strengthened prices, the Energy Information Administration confirmed a draw, at 1.7 million barrels for…

Russia: Current Oil Market Deficit Is 1 Million Bpd

May 26, 2021 at 08:48 | Charles Kennedy

Russia estimates that the global oil market is currently in a deficit of around 1 million barrels per day (bpd), Deputy Prime Minister Alexander Novak said on Wednesday. “There…

What’s More Probable? $100 Oil Or $500,000 Bitcoin

May 25, 2021 at 16:27 | Michael Kern

This is the age of wild predictions, for both commodities and cryptocurrencies, but with oil, at least here are some fundamentals to go by.  For bitcoin,…

Africa’s Oil Nations Will Be Doomed If Exploration Is Halted

May 25, 2021 at 15:26 | Charles Kennedy

The IEA’s shocking call for no new oil and gas exploration on the path to net-zero emissions doesn’t necessarily follow that demand through to its logical end game. A line-up…

Iran Has 69 Million Barrels Of Oil Ready For When U.S. Sanctions End

May 25, 2021 at 13:42 | Tsvetana Paraskova

Iran may have some 69 million barrels of oil in floating storage waiting on tankers to travel to buyers when U.S. sanctions on its crude oil exports are removed, estimates…

Biden Slams U.S. Miners With Critical Metals Decision

May 25, 2021 at 12:11 | Tsvetana Paraskova

The Biden Administration plans to source the key metals for electric vehicles from allies outside America and focus on processing those materials in the United States, officials told Reuters…

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