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Will OPEC+ Extend Oil Production Cuts?

Will OPEC+ Extend Oil Production Cuts?

OPEC+ is likely to keep…

The Renewable Energy Land Rush Could Threaten Food Security

The Renewable Energy Land Rush Could Threaten Food Security

The renewable energy transition poses…

Canada's Oil and Gas Industry Soars to New Heights

Canada's Oil and Gas Industry Soars to New Heights

Canada's oil and gas industry…

Energy

IEA: Oil Demand Will Not Return To Pre-Crisis Levels Until 2023

Mar 17, 2021 at 09:04 | Tsvetana Paraskova

Global oil demand will take until 2023 to return to the pre-pandemic levels of 100 million bpd, but COVID-19 will change parts of consumer behavior forever with global gasoline demand…

Biden’s Energy Agenda To Reduce Oil Production And Boost Prices

Mar 16, 2021 at 17:33 | Irina Slav

Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House…

How Biden’s Tax Hike Affects Oil

Mar 16, 2021 at 17:30 | Alex Kimani

President’s Biden’s administration is reportedly planning the first major tax increase in nearly three decades in the next economic stimulus package. The president is reportedly planning to include the first…

Oil Rally Stalls As Oversupply Threat Grows

Mar 16, 2021 at 16:10 | Yousef Alshammari

Following the price rally seen last week, oil prices have retreated to slightly lower levels, below $70 (Brent) and $64 (WTI). The main drivers of this correction have…

Are Analysts Underestimating Chinese Oil Demand?

Mar 16, 2021 at 14:57 | Simon Watkins

China’s annual session of the National People’s Congress (NPC) last week set an annual economic growth target that – at ‘above 6 per cent’ - looks conservative to many and,…

Oil Rally Halted As European Vaccination Campaign Stalls

Mar 16, 2021 at 13:09 | Tom Kool

While plenty of analysts remain confident that there remains upside for oil prices, a combination of high crude stocks and issues with vaccine rollouts in several countries has caused oil…

Permian Production Set To Rise Despite Shale Decline

Mar 16, 2021 at 12:04 | Tsvetana Paraskova

Oil production from the seven largest U.S. shale regions is set to decline by 46,000 barrels per day (bpd) in April, but output in the biggest and most prolific basin,…

Volkswagen Shares Soar As It Declares War On Tesla

Mar 16, 2021 at 11:04 | ZeroHedge

Look out, Tesla. There could be another mainstream FOMO electric vehicle stock coming. VW common shares soared as much as 29% this morning - the most since the company's historic…

Oil Extends Losses On Renewed Demand Concerns

Mar 16, 2021 at 10:04 | Tsvetana Paraskova

Oil prices fell for the third day in a row on Tuesday as the third wave of coronavirus infections in Europe and slowing vaccine rollouts in the EU added to…

Biden’s EV Agenda Has One Major Problem

Mar 15, 2021 at 16:06 | Irina Slav

Last month, President Joe Biden said he planned to replace the whole federal vehicle fleet with electric cars, creating one million jobs in the process. Jobs aside, we’re talking…

Middle East Producers Cash In On Oil Price Rally

Mar 15, 2021 at 14:56 | Tsvetana Paraskova

The world’s top oil exporter, Saudi Arabia, wasn’t just thinking about the global oil market when it rolled over its extra production cut into April and had the…

South Africa Hopes To Become The Next Big Shale Success Story

Mar 15, 2021 at 14:00 | Haley Zaremba

It’s been nearly a decade since South Africa lifted a freeze on shale gas exploration, but the resource-rich nation’s potential ensuing shale revolution never quite materialized. Much attention…

UK Considers Ban On New Offshore Oil Licenses

Mar 15, 2021 at 13:03 | Tsvetana Paraskova

The UK is exploring the option to ban new offshore oil and gas exploration licenses in what could be a radical move away from fossil fuels and part of the…

Oil Prices Retreat As Biden Plans Major Federal Tax Hike

Mar 15, 2021 at 12:02 | ZeroHedge

Despite optimism from Chinese data overnight, forecasts for lower OPEC+ output, and a weaker dollar, oil prices are tumbling this morning with WTI back below $64.50... Some…

The Big OPEC+ Gamble Appears To Be Paying Off

Mar 15, 2021 at 11:13 | Tsvetana Paraskova

U.S. oil firms focused exclusively on the shale patch are expected to only marginally increase their combined production this year compared to 2020, according to Bloomberg Intelligence data of…

Mexico’s Pemex Boasts Billion-Barrel Oil Discovery

Mar 15, 2021 at 10:01 | Tsvetana Paraskova

Mexico’s Pemex has discovered a gigantic oilfield in the state of Tabasco that could hold as much as one billion barrels of oil, Octavio Romero Oropeza, chief executive of the…

Another Investment Bank Is Betting On $100 Oil

Mar 15, 2021 at 09:18 | Irina Slav

Crude oil could hit $100 and top it, and this could happen before this year’s end, according to Craig Johnson from investment bank Piper Sandler. Speaking to CNBC, Johnson said,…

Oil Bulls Beware: This Optimism Is Unjustified

Mar 12, 2021 at 14:25 | Cyril Widdershoven

Optimism seems to be ruling global oil markets at the moment. Even the recent OPEC report, in which the global oil group cut its demand predictions…

China Ramps Up Oil Imports From Iran

Mar 12, 2021 at 14:23 | Felicity Bradstock

China appears to be becoming a major importer of Iranian oil, as Iran’s production levels look set to soar thanks to better relations with Biden’s U.S. …

GM Is Betting Big On Electric Vehicles

Mar 12, 2021 at 14:23 | Tsvetana Paraskova

Weeks after General Motors pledged to work for an all-electric future, the highest-selling U.S. automaker announced this week a partnership with MIT spinoff…

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