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Energy

How High Can Oil Really Go?

Feb 25, 2021 at 17:31 | Irina Slav

Oil price revisions started cautiously: some banks saw Brent crude averaging $65 a barrel this year, and others, of a bolder nature, predicted that the oil benchmark could…

The Oil Industry Is Ready To Fight President Biden In Court

Feb 25, 2021 at 16:58 | Julianne Geiger

Reeling from the effects of the pandemic, the oil industry is in no mood to fool around. When newly inaugurated President Joe Biden canceled the Keystone XL pipeline project, refiners…

Which Banks Are The Biggest Backers Of Oil And Gas?

Feb 25, 2021 at 16:00 | Alex Kimani

About a month ago, BlackRock Inc.(NYSE:BLK), the world's largest asset manager with $9 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to double…

The Staggering Cost Of Weather-Proofing U.S. Infrastructure

Feb 25, 2021 at 14:48 | Felicity Bradstock

As extreme weather conditions wreak havoc on America’s largest energy producing states, can they continue to provide for their citizens? The combination of climate change and aging infrastructure…

Natural Gas Production Plunged 45% During The Texas Freeze

Feb 25, 2021 at 12:58 | Tsvetana Paraskova

Natural gas production in Texas collapsed by 45 percent during the cold snap last week, primarily due to freeze-offs, the Energy Information Administration (EIA) said on Thursday, citing estimates…

Exxon Shocks As Oil Reserves Drop By A Third

Feb 25, 2021 at 12:11 | Irina Slav

Exxon slashed its oil reserves by almost a third in what is the most radical reserve revision in the company’s modern history. The supermajor reported reserves totaling 15.3 billion…

The $7 Trillion Cost Of Upgrading The U.S. Power Grid

Feb 25, 2021 at 11:54 | Leonard Hyman & William Tilles

We have just witnessed the damage caused by poorly designed energy grids—rolling blackouts, skyrocketing electricity prices, people sleeping in their cars and in one insulated room to keep warm. At…

Barclays Now Sees Brent Crude At $67 In 2021

Feb 25, 2021 at 10:22 | Tsvetana Paraskova

Barclays became on Thursday the latest bank to upgrade its forecasts for the average price of oil this year due to lower than previously expected supply from the United…

Shell Sees LNG Demand Nearly Doubling By 2040

Feb 25, 2021 at 10:05 | Tsvetana Paraskova

Global demand for liquefied natural gas (LNG) is set to nearly double from 360 million tons last year to 700 million tons by 2040, thanks to continued solid demand from…

Bank Of America Expects Fastest Oil Price Rise In 30 Years

Feb 25, 2021 at 09:07 | Irina Slav

Oil prices are set to rise by the fastest rate since the 1970s over the next three years, Bank of America said in a new report, joining the growing group…

Oil Demand Won’t Be Wiped Out By Energy Transition

Feb 24, 2021 at 17:21 | Tsvetana Paraskova

The COVID-19 crisis has accelerated the timeline of peak oil demand while government policies to build back better and greener are speeding up the energy transition, major oil companies and…

Tesla's Stock Drop Is All Thanks To Musk's Big Bitcoin Bet

Feb 24, 2021 at 17:00 | Haley Zaremba

After a meteoric rise of more than 700% in 2020, Tesla’s stock value has taken a dive and the company has suddenly entered a bear market. Indeed, just…

Russia’s Answer To The U.S. Shale Threat Is Finally Here

Feb 24, 2021 at 14:58 | Simon Watkins

First output is now being produced by Russia’s number two gas producer (after state-owned Gazprom) – Novatek - from its much-awaited fourth train at the Yamal LNG project, according to…

Carbon Dioxide: A $550-Billion Opportunity

Feb 24, 2021 at 14:42 | Irina Slav

Anyone would be forgiven for being shocked when they see the words ‘carbon’ and ‘opportunity’ in one sentence. Carbon, after all, or rather carbon-oxygen compounds, are the ultimate enemy of…

A Key Fracking Indicator Just Hit Record Lows

Feb 24, 2021 at 13:57 | Osama Rizvi

Oil prices have staged an extraordinary rally in the last three months, rising by 50%. Biden’s presidency, the vaccine rollout, a weak dollar, low interest rates, no inflation,…

Traders Are Betting On $100 Oil Following Texas Freeze

Feb 24, 2021 at 12:56 | ZeroHedge

Amid all the issues ignited in the Texas turmoil, and as oil prices roar to post-COVID highs, analysts across the energy space appear to be outdoing each other with their…

Jet Fuel Demand Is The Only Thing Holding Oil Back

Feb 24, 2021 at 12:19 | Tsvetana Paraskova

Oil prices have rallied since the start of this year, pushed up by the OPEC+ cuts tightening the market and the vaccine rollouts. Analysts and industry…

Oil Prices Rally On U.S. Outages And A Weak Dollar

Feb 24, 2021 at 11:13 | Tsvetana Paraskova

After slipping late on Tuesday after a surprise U.S. inventory build reported by the API, oil prices rose on Wednesday morning, supported by the slow restart of the U.S.…

Suriname Looks To Ramp Up Oil Production In A Big Way

Feb 24, 2021 at 10:53 | Matthew Smith

Saudi Arabia’s surprise January 2021 one million barrel per day production cut has sparked a sense of bullishness over the outlook for crude oil. The international Brent benchmark…

Oil Prices Climb Despite Crude Build

Feb 24, 2021 at 09:43 | Irina Slav

Oil prices rose on Wednesday morning, despite a somewhat surprising EIA inventory report, which reflected a build in crude stocks and virtually unchanged gasoline inventories Crude oil prices rose today…

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