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Energy

Iran Pushes Development Of Major Oil Region Under 25-Year China Deal

Mar 10, 2021 at 16:50 | Simon Watkins

Whether the Iranian leadership thinks that new U.S. President Joe Biden is set to go easier on the Islamic Republic or on China is unclear as yet but whichever it…

China Dramatically Increases Ethanol Purchases From The U.S.

Mar 10, 2021 at 14:03 | ZeroHedge

Three Reuters sources said Monday that Beijing made massive purchases of US energy products. The sources said, "three ships carrying ethanol were heading to China from the US Gulf Coast." They…

Nigeria’s Lawsuits Against Shell Could Cause Oil Major Exodus

Mar 10, 2021 at 12:41 | Viktor Katona

Judging from recent headlines, Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the…

Analysts ‘’Extremely Bullish’’ On China's Electric Vehicle Boom

Mar 10, 2021 at 11:57 | Tsvetana Paraskova

Analysts are growing increasingly bullish on the electric vehicle (EV) market globally and in the world’s largest automotive market, China, amid an increased push from governments to cut…

Why Gasoline Prices Will Continue To Rise

Mar 10, 2021 at 10:58 | Robert Rapier

This past week the national average price for regular gasoline rose to $2.71 per gallon. That marks an increase of $0.46/gallon since the beginning of the…

Oil Prices Move Higher Despite Another Major Crude Build

Mar 10, 2021 at 09:41 | Irina Slav

A week after reporting a massive crude oil inventory build of over 21 million barrels, the Energy Information Administration had another unpleasant surprise for inventory watchers: the authority

The U.S. Lost 120,000 Oil & Gas Jobs In 2020

Mar 10, 2021 at 08:58 | Tsvetana Paraskova

Around 120,000 jobs were lost in the U.S. oil and gas industry last year due to the crash in oil demand and prices and subsequent massive downsizing of staffing levels,…

Biden’s Policies Unlikely To Cause Crash In U.S. Oil Production

Mar 09, 2021 at 17:52 | Tsvetana Paraskova

U.S. President Joe Biden has put the oil industry and oil-producing states on edge with his plans to reform oil and gas permitting and leasing practices on federal land and…

Oil Prices Drop As Traders Take Profits

Mar 09, 2021 at 17:43 | Irina Slav

Speculators have been selling oil over the past two weeks as prices continue higher and the appetite for profit-taking increases. How long it will last is anyone's guess, but it…

Will California Greenlight New Oil Production?

Mar 09, 2021 at 16:59 | Felicity Bradstock

Tens of thousands of oil wells could be developed in Kern County, California as an ordinance which was previously denied exploration is being revised.  This Monday,…

Artificial Intelligence Is A Gamechanger In The Battery Boom

Mar 09, 2021 at 15:26 | Alex Kimani

The biggest energy transition in history is well and truly underway, and nowhere is the shift more readily apparent than in the transport industry. Wall Street is almost unanimous that…

How Oil Could Go To $100 Per Barrel

Mar 09, 2021 at 13:40 | ZeroHedge

In its February Short Term Energy Outlook (STEO), the EIA forecasts this month's world oil consumption at 96.7 million barrels per day (mbpd). The oil supply, however,…

Can Colombia Cash In On Higher Oil Prices?

Mar 09, 2021 at 13:15 | Matthew Smith

Latin America’s fourth largest economy, Colombia, remains under considerable pressure. Even the latest oil price rally, which saw the international Brent benchmark gain 36%, has done little to…

Oil Prices Dip After Hitting $70

Mar 09, 2021 at 13:12 | Josh Owens

Investor Alert! As oil markets finally recover, which of the top-tier shale drillers are a buy? Read our latest Global Energy Alert investment column to get…

UAE And Israel Look To Forge Energy Ties Through New Pipeline

Mar 09, 2021 at 10:52 | Vanand Meliksetian

President Trump’s Middle East policy was highly incoherent and transformative as it didn't continue the long-term strategies set by previous presidents. However, it did achieve the unprecedented rapprochement between several…

Tesla Is Silently Building Another Huge Battery In Texas

Mar 09, 2021 at 10:06 | Irina Slav

Tesla is building a 100-MW battery storage facility in Texas, Bloomberg has reported, adding the company has not yet officially unveiled the project. According to the report, the project…

India Looks To Reduce Dependence On Middle East Oil

Mar 09, 2021 at 09:07 | Tsvetana Paraskova

Following the OPEC+ decision to roll over the production cuts into April, India is asking its state-owned refiners to aggressively look to diversify imports away from the Middle East, as…

$70 Oil May Cause Slowdown In Demand Recovery

Mar 08, 2021 at 18:00 | Tsvetana Paraskova

While the unexpected rollover of the OPEC+ production cuts sent Brent Crude prices up to $70 a barrel, the highest oil prices in more than a year could dampen…

String Of LNG Deals Moves Qatar Closer To China

Mar 08, 2021 at 17:44 | Simon Watkins

The world’s top liquefied natural gas (LNG) exporter, Qatar, has long occupied a political position in the Middle East that has neither been decisively aligned with the U.S.-Israel-Saudi axis of…

Tesla Faces Heavy Competition In Booming EV Market

Mar 08, 2021 at 16:58 | Alex Kimani

After years of sheer dominance, signs are now emerging that the most popular EV name could be losing its sway on the markets. Morgan Stanley has just reported that Tesla…

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