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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…

Aramco Leads Oil Industry Investment in AI

Aramco Leads Oil Industry Investment in AI

A report by GlobalData reveals…

Energy

Fossil Fuels Will Continue To Dominate For Decades To Come

Mar 18, 2021 at 17:54 | Osama Rizvi

The stone age didn’t end due to a lack of stones, and the oil age will end long before the “world runs out of oil”. This quote, often…

Heavy-Handed Government Intervention To Hurt Brazil’s Oil Boom

Mar 18, 2021 at 16:55 | Matthew Smith

A spat over fuel prices last month saw Brazil’s President Jair Bolsonaro replace the CEO of national oil company Petrobras Roberto Castello Branco, who is popular among investors with…

Oil Sees Biggest Single-Day Loss Since April 2020

Mar 18, 2021 at 15:29 | Julianne Geiger

Oil prices began crashing on Thursday afternoon, falling nearly 9%. WTI slid 8.68% to $58.99 per barrel by 4:04pm ET, while Brent had slipped…

India Throws The Oil Tanker Industry A Lifeline

Mar 18, 2021 at 15:08 | Tsvetana Paraskova

India’s growing demand for oil and its plans to rely less on crude from its biggest supply region, the Middle East, is set to support demand for oil tankers traveling…

IEA: Asia To Account For 90% Of Global Oil Demand Growth Through 2025

Mar 18, 2021 at 14:02 | Felicity Bradstock

Despite speculation that oil demand peaked in 2019, before the global pandemic hit the industry hard, a new IEA report suggests this assumption may have been overstated as…

Rarely-Used Recovery Method Could Unlock Billions Of Barrels In Alaska

Mar 18, 2021 at 13:07 | Tsvetana Paraskova

Early findings in an ongoing four-year study of enhanced oil recovery of heavy oil in Alaska’s North Slope have shown promising results that could potentially unlock billions of barrels of…

Exxon's Flagship Guyana Project Reaches Full Capacity

Mar 18, 2021 at 12:03 | Tsvetana Paraskova

The Liza Phase 1 offshore project—Guyana’s first oil-producing project led by ExxonMobil—has reached its full planned production capacity of some 130,000 barrels per day (bpd), Guyana’s President Irfaan Ali…

Oil Plunges On A Wave Of Bearish News

Mar 18, 2021 at 11:03 | Tsvetana Paraskova

Oil prices plummeted by 4 percent on Thursday morning, as a rising U.S. dollar, rising U.S. crude inventories, and fresh setbacks in vaccination programs in Europe weighed on the market.…

EVs Overrated As Climate Game Changers: Expert

Mar 18, 2021 at 10:01 | Charles Kennedy

Electric cars are highly overrated as a means of tackling climate change, a renowned environmental policies expert has said, adding that subsidizing EVs is making things worse instead of better.…

IEA: Gasoline Demand May Never Fully Recover

Mar 18, 2021 at 09:05 | Irina Slav

Global gasoline may have peaked, thanks to fuel efficiency gains and the growing popularity of electric vehicles, the International Energy Agency said in a new report, noting that these…

Big Oil’s Hottest Prospects In 2021

Mar 17, 2021 at 17:57 | Viktor Katona

Judging by the first 3 months of 2021 it seems that this year has gone off into a wrong start, instead of economic rebounds we face a third rendition of…

U.S. Consumers Will Pay The Bill For Higher Crude Prices

Mar 17, 2021 at 17:27 | Haley Zaremba

Oil producers around the world are sticking to their guns and keeping oil production capped even as oil prices continue to rise. Historically, the highly cyclical and predictable…

Three Commodities Set To Boom As The Global Economy Recovers

Mar 17, 2021 at 17:01 | Alex Kimani

Despite the ongoing vaccine rollout snafu, including supply chain constraints, delayed approvals and—more worryingly—dozens of countries banning the cheapest and most widely available Covid-19 vaccine, there’s growing optimism that…

Will Libya Crush OPEC’s Plans For A Tighter Oil Market?

Mar 17, 2021 at 15:21 | Irina Slav

Libya has a unified government for the first time in more than a decade of civil war. It is also pumping 1.3 million barrels of oil daily and plans to…

Why The West Is Worried About China's Renewable Energy Dominance

Mar 17, 2021 at 14:50 | Robert Rapier

Over the past decade, no major energy source has grown faster than solar power. According to the 2020 BP Statistical Review of World Energy, installed solar photovoltaic (PV) capacity has…

Cautious Refiners May Deal Major Blow To Oil Tanker Market

Mar 17, 2021 at 14:01 | Tsvetana Paraskova

U.S. gasoline demand has rebounded to nearly pre-pandemic levels, but after a horrendous 2020, American refiners are looking to cut costs wherever and whenever possible in light of the still-sluggish…

China Can’t Resist Iran’s Cheap Oil

Mar 17, 2021 at 12:48 | Vanand Meliksetian

The source of Iran’s relative independence in international affairs can be attributed to its oil and gas wealth. The country’s massive oil resources have contributed to a steady source of…

Did Warren Buffett Anticipate A Bull Run In Natural Gas?

Mar 17, 2021 at 12:06 | Tsvetana Paraskova

Lower production of U.S. natural gas and rising global demand for the commodity are setting the stage for a bull market in natural gas in the medium to long term,…

Oil Drops As IEA Dashes Hopes Of Supercycle

Mar 17, 2021 at 10:59 | Tsvetana Paraskova

Oil prices erased earlier gains and traded lower on Wednesday morning, following an estimate by the International Energy Agency (IEA) that no supercycle for oil is around the corner amid…

Oil Prices Inch Lower As Crude Inventories Continue To Build

Mar 17, 2021 at 09:39 | Irina Slav

The Energy Information Administration reported a crude oil inventory build of 2.4 million barrels for the week to March 12, up/down from a build of 13.8 million barrels the…

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