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Energy

Yergin: Oil Prices Could Go As High As $75 In 2022

Apr 20, 2021 at 11:16 | Tsvetana Paraskova

The global oil demand recovery and a lot of spare capacity that OPEC+ has yet to bring back to the market suggest it is reasonable to expect that oil prices…

World’s Largest Oil Trader Expects Strong Demand Rebound This Year

Apr 20, 2021 at 10:01 | Tsvetana Paraskova

Global oil demand is set for a rebound between now and the end of next year, with consumption expected to rise from current levels by as much as 8 million…

Libya's Oil Production Falls Below 1 Million Bpd On Export Terminal Outage

Apr 20, 2021 at 09:04 | Irina Slav

Libya’s National Oil Corporation has declared force majeure on the port of Hariga due to lack of funds for infrastructure repairs, pushing the country’s crude oil production below 1…

Deeply Discounted Crude Becomes Headache For OPEC

Apr 19, 2021 at 17:41 | Irina Slav

If you ask an oil major what the last five years have been like, they would probably have something to say about price crashes and demand destruction. If…

Can The Energy Sector Maintain Its Crazy Momentum?

Apr 19, 2021 at 16:16 | Alex Kimani

Is the pessimism in the fossil fuel sector overdone? Can investing in oil and gas still pay off over the long term? After years of underperformance,…

Is This The End Of The Covid Oil Glut?

Apr 19, 2021 at 15:53 | Tsvetana Paraskova

Recovering economies and increased fuel demand have helped the enormous oil glut from this time last year to shrink to levels that could be further reduced with global…

Lithium Mega-Merger Creates New $3 Billion Company

Apr 19, 2021 at 13:58 | MINING.com

Australian lithium miners Galaxy Resources (ASX:GXY) and Orocobre (ASX:ORE) have agreed to a merger that…

First Venezuela, Now Ecuador: US Refiners Need A New Source Of Heavy Crude

Apr 19, 2021 at 13:46 | Julianne Geiger

U.S. refiners were forced to source their heavy crude from somewhere else after the United States sanctioned Venezuelan crude oil. Now, U.S. refiners may again be forced to resource crude…

The War For Control Of Mexico’s Energy Industry

Apr 19, 2021 at 13:06 | Global Risk Insights

Mexico’s Energy Laws Since 1960, Mexico’s energy sector has largely been dominated by the federal government. However, important changes occurred in 2013 and 2014 when then-President Enrique Peña…

Iran Says It Welcomes Talks With Saudi Arabia

Apr 19, 2021 at 12:01 | Tsvetana Paraskova

Iran welcomed on Monday the idea of talks with its regional rival Saudi Arabia, amid reports that the two Gulf powers were directly talking about bilateral relations and hopes that…

Oil Prices Rise On Weaker U.S. Dollar

Apr 19, 2021 at 11:00 | Tsvetana Paraskova

Following a 6-percent weekly gain last week, oil prices were slightly up on Monday morning, erasing earlier losses as the U.S. dollar weakened again. As of 10:39 a.m. EDT on…

China's Oil Buying Frenzy May End This Month

Apr 19, 2021 at 10:02 | Tsvetana Paraskova

Higher Chinese crude oil imports and increased domestic production led to a jump in crude volumes directed to storage in the world’s top oil importer in March, according to calculations…

Why Libya’s Oil Production Could Drop This Week

Apr 19, 2021 at 09:09 | Tsvetana Paraskova

Libya’s crude oil production, which has stabilized in recent months at just over 1.2 million barrels per day (bpd), could drop in the coming days and possibly weeks after a…

The Best Is Yet To Come For The World’s Hottest Oil Play

Apr 19, 2021 at 08:03 | James Stafford

By now, those of you who read about my top New Year’s stock pick, Recon Africa, will have learned that this small-cap explorer may have just moved one giant step…

Why Iran’s Return To Oil Markets Isn’t A Major Threat

Apr 16, 2021 at 17:31 | Cyril Widdershoven

The ongoing JCPOA discussions, involving European countries, Russia, Iran, and, on the sidelines, the U.S., are being watched by international oil markets with trepidation. The possibility of Washington…

2021 Will Be Another Disastrous Year For Colombia’s Oil Industry

Apr 16, 2021 at 17:28 | Matthew Smith

The COVID-19 pandemic has hit Colombia and its economy, including the vital energy sector, particularly hard. After implementing one of the world’s longest pandemic lockdowns during 2020, which…

Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices

Apr 16, 2021 at 17:27 | Alex Kimani

The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil…

Why Gasoline Prices Often Rise In Spring

Apr 16, 2021 at 17:27 | Robert Rapier

Although it wasn’t strongly emphasized in the recent discussions on the rise in gasoline prices, those prices to rise nearly every spring. But why does…

Renewables Dominate The Headlines, But Oil And Gas Remain King

Apr 16, 2021 at 17:24 | Irina Slav

The transition to a global energy system that runs on renewable energy rather than finite and dirty coal, oil, and gas is arguably the number-one topic in the…

Global Oil Demand Boosted By Strong Road Fuel Consumption

Apr 16, 2021 at 17:22 | Rystad Energy

Rystad Energy’s comprehensive Covid-19 monthly report calculates the effect of the pandemic on our lives and offers updated estimates for global energy markets.

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