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Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

U.S. supermajors ExxonMobil and Chevron,…

Nigeria To Launch Crude Trading at its Commodity Exchange

Nigeria To Launch Crude Trading at its Commodity Exchange

Africa’s biggest oil producer, Nigeria,…

Energy

Big Oil Aims To Win Back Investors With Green Oil

Apr 12, 2021 at 17:38 | Alex Kimani

Last month, the Biden administration dealt the fossil fuel industry yet another blow after it proposed the introduction of a carbon tax in a bid to address the greenhouse…

Could A Comeback In Venezuelan Oil Crash The Markets?

Apr 12, 2021 at 17:07 | Matthew Smith

Crude oil prices had a rocky start to 2021. There are plenty of wildcards which will continue to fuel price volatility for the foreseeable future, the most notable…

Saudi Arabia’s Breakeven Oil Price To Drop To $65 Next Year

Apr 12, 2021 at 15:12 | Charles Kennedy

Higher oil prices and an expected rebound in the global economy and oil demand are set to lower the fiscal breakeven oil price of the major Middle Eastern oil producers…

Two Reasons Why Gasoline Prices Are Soaring

Apr 12, 2021 at 14:31 | Tsvetana Paraskova

U.S. national average gasoline prices have been rising in most weeks so far this year, and are expected to reach the highest summer prices since 2018. 

Offshore Oil Is Much Greener Than You May Think

Apr 12, 2021 at 14:16 | Irina Slav

Offshore oil has built some well-deserved bad rap over the decades because of oil spills, and it has frequently been the specific target of protest action from environmentalists. But if…

Russia Tightens Its Grip On Europe's Natural Gas Markets

Apr 12, 2021 at 13:05 | Vanand Meliksetian

A much-used proverb says: a good neighbor is better than a distant friend. Nowhere is it more suitable than the EU’s position vis-a-vis its largest and most important neighbor: the…

Morgan Stanley: Oil Prices Stuck In $60 Range This Summer

Apr 12, 2021 at 11:01 | Tsvetana Paraskova

Oil prices will likely be stuck in the $65-$70 range this summer, Morgan Stanley says in a new note, tempering its previous forecast for $70 oil with temporary overshoots because…

Oil Prices Rise On Expectations Of A Strong Economic Recovery

Apr 12, 2021 at 09:55 | Tsvetana Paraskova

Oil prices rose early on Monday, with WTI Crude topping $60 a barrel for the first time in a week after the Fed chair Jerome Powell said that the outlook…

Houthi Rebels Strike Aramco Oil Facilities With Drones And Missiles

Apr 12, 2021 at 08:56 | Charles Kennedy

The Houthi rebels from Yemen today claimed yet another attack on Saudi Aramco facilities, involving 17 drones and two ballistic missiles. Reuters has reported the attack, according to the…

The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production

Apr 09, 2021 at 16:33 | Alex Kimani

Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after plunging…

Qatar Could Throw A Wrench In America’s Ambitious LNG Plans

Apr 09, 2021 at 16:33 | Irina Slav

U.S. domestic demand for natural gas has been falling for a year now, according to EIA data. The authority expects demand will continue down this year as well…

Tesla’s Biggest Competitor Is Ditching Nickel And Cobalt

Apr 09, 2021 at 16:33 | MINING.com

China’s BYD confirmed that it is going all-in on LFP (lithium-iron-phosphate) batteries, scrapping NCM (nickel, cobalt, manganese) technology from its model line-up entirely. BYD, which is…

How The U.S. Could Benefit From Australia’s Trade Spat With China

Apr 09, 2021 at 16:31 | Haley Zaremba

Coal’s days are numbered. The world’s dirtiest fossil fuel has long since fallen out of favor with climate-conscious policymakers, investors, and constituents alike, and even those who are…

Eni’s Latest Oil Discovery Could Be Big For Angola

Apr 09, 2021 at 16:20 | Felicity Bradstock

Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions.  The…

Legacy Automakers See Massive Spike In Sales

Apr 09, 2021 at 16:17 | ZeroHedge

BMW is the latest legacy automaker to smash its sales comps for Q1, as automakers benefit from 2020's poor sales due to the pandemic. BMW said…

Will U.S. Shale Trigger Another Oil Price Crash?

Apr 09, 2021 at 16:15 | Tsvetana Paraskova

A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that…

North American Fracking Activity Soars To Near Pre-Pandemic Levels

Apr 09, 2021 at 16:15 | Rystad Energy

Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report…

Oil Prices Post Weekly Loss On Covid Concerns

Apr 09, 2021 at 12:46 | Tom Kool

Oil prices are set to post a loss this week as demand fears and Covid lockdowns counteract optimism over a tightening market.For more…

Russia: Pandemic Could Continue Affecting Oil Demand Until 2024

Apr 09, 2021 at 12:39 | Tsvetana Paraskova

The pandemic could continue to impact global oil demand until 2024, while the decarbonization plans in major European economies could arise as a new threat to Russia’s oil industry, according…

U.S. Oil Rig Count Stalls As WTI Remains Below $60

Apr 09, 2021 at 12:22 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 432. Last…

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