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$2-Trillion Funding Gap Casts Shadow over Energy Transition

$2-Trillion Funding Gap Casts Shadow over Energy Transition

Blackrock's Michael Dennis said that…

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Despite Congress passing new sanctions…

Energy

Iran Could Soon Officially Return 2 Million Bpd Of Oil To Global Markets

Apr 09, 2021 at 10:06 | Irina Slav

Iranian crude could return to global markets sooner rather than later as this week’s start of negotiations between Tehran and the five world powers that, together with the U.S. signed…

Saudi Oil Minister: OPEC+ Strategy Is Not Set In Stone

Apr 09, 2021 at 09:03 | Irina Slav

Days after OPEC+ greed to gradually ramp up production, adding some 2 million bpd to global supply by July, the Saudi energy minister, Prince Abdulaziz bin Salman has…

Smart Money Is Betting On A Helium Boom

Apr 08, 2021 at 20:11 | Alex Kimani

Two years ago, three pre-eminent materials scientists, John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino, were awarded the 2019 Nobel Prize in Chemistry

Many Drilled U.S. Wells Will Never Be Completed

Apr 08, 2021 at 17:01 | Julianne Geiger

Fracking crews are increasing their activity in U.S. shale basins, finishing off a slew of DUC wells, according to the EIA’s latest Monthly Drilling Report. As oil and gas companies…

Will Vision 2030 Impact Saudi Arabia’s OPEC Strategy?

Apr 08, 2021 at 16:38 | Cyril Widdershoven

OPEC’s leader Saudi Arabia is feeling the heat of its own success at present. By again stabilizing the markets, global oil prices have increased substantially but the pressure…

UAE’s Oil Giant Looks To List Drilling Business In Local IPO

Apr 08, 2021 at 16:07 | Charles Kennedy

Abu Dhabi National Oil Company (ADNOC) is talking to banks about the potential listing of its oil drilling unit on the local stock exchange, Reuters reported on Thursday, quoting…

Southeast Asia Looks To Increase Offshore Oil Production

Apr 08, 2021 at 15:51 | Felicity Bradstock

Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater discoveries. The governments…

Mexico Refinery Explosion Leaves Seven Injured

Apr 08, 2021 at 15:15 | ZeroHedge

A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters. …

Big Oil Set To Return To Profit In 2021

Apr 08, 2021 at 13:18 | Felicity Bradstock

Vitol, Shell and Exxon are all expected to announce profits in Q1 2021 following a turbulent 2020. The three companies are profiting from increased oil demand and a…

Investors Rush To Oil Stocks Despite ESG Push

Apr 08, 2021 at 12:56 | Irina Slav

Oil and gas companies have been in the crosshairs of public outrage for years now and the pressure has only been growing, with a new emerging breed of investors pressuring…

Ecuador's Oil Industry Desperately Needs A Miracle

Apr 08, 2021 at 12:19 | Matthew Smith

Over the last decade it has been a wild ride for Ecuador’s trouble-plagued but economically crucial oil industry. Former president Rafael Correa’s heavy-handed policies, centered around oil nationalism…

Oil Slips As COVID Resurgence Threatens Demand Recovery

Apr 08, 2021 at 11:01 | Tsvetana Paraskova

Oil prices dropped early on Thursday, following a record number of new daily COVID cases in major oil consumer India and a jump in U.S. gasoline stocks estimated by the…

GM Shares Secrets About Its New Revolutionary Battery Tech

Apr 08, 2021 at 10:05 | Irina Slav

GM shed some light on its EV tech research to produce much cheaper EV batteries, which will be key for its EV transformation. The automaker is experimenting with different types…

India Looks To Buy More Iranian Oil As Spat With Saudis Escalates

Apr 08, 2021 at 09:08 | Julianne Geiger

India is at the ready to purchase more Iranian oil immediately if U.S. sanctions on Iran are lifted, a government official has threatened in the latest escalation of the India-Saudi…

The U.S.-China Trade War Isn’t Over Yet

Apr 07, 2021 at 17:51 | Alex Kimani

When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part…

What Caused The Saudi-India Oil Rift?

Apr 07, 2021 at 17:40 | Irina Slav

A match has been going on in global oil, which has stayed largely out of the spotlight as the world focuses on the pandemic and its effect on…

EIA Increasingly Optimistic About Oil Demand Growth

Apr 07, 2021 at 14:35 | Tsvetana Paraskova

A stronger global economy this year is set to accelerate oil demand growth to 5.5 million barrels per day (bpd), the U.S. Energy Information Administration (EIA)

Tim Cook Finally Opens Up About The Much-Hyped Apple Car

Apr 07, 2021 at 14:33 | Haley Zaremba

After the novel coronavirus tore through communities worldwide and left a path of economic and public health devastation in its wake, many sectors are still struggling to recover.…

Optimism Grows Over Oil Demand Recovery

Apr 07, 2021 at 14:29 | Felicity Bradstock

OPEC and partners are betting on a significant boost in oil demand over the coming months as member states get ready to ramp up oil production. 

The Oil Industry Receives An Unexpected Boost From Biden

Apr 07, 2021 at 13:51 | Haley Zaremba

The election of President Joe Biden has been the cause of much hand-wringing in the United States oil and gas sector. The current…

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