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Energy

Will Oil Demand Recover In 2021?

Jan 08, 2021 at 17:32 | Osama Rizvi

Oil prices are rallying aggressively on the back of Saudi Arabia’s surprise cut and optimism over the rollout of vaccines across the world. News of

Chinese Cities Go Dark Amid Energy Spat With Australia

Jan 08, 2021 at 17:28 | Haley Zaremba

Despite all of China’s aggressive efforts to shore up their energy autonomy over the course of this year, the precariousness of Beijing’s energy security has been thrown into…

Oil Bulls Are Back

Jan 08, 2021 at 13:17 | Tom Kool

The surprise cuts by Saudi Arabia following the OPEC+ meeting have provided oil bulls with a major boost, sending Brent above $55.For Global Energy Alert members there are…

Asian Buyers Rush To Secure North Sea Oil After Saudi Surprise Cut

Jan 08, 2021 at 13:10 | Tsvetana Paraskova

Saudi Arabia’s surprise announcement that it would cut 1 million barrels per day (bpd) beyond its share of OPEC+ cuts in February and March has refiners in Asia scrambling to…

Oil, Gas Rigs Increase For Seventh Straight Week

Jan 08, 2021 at 12:26 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 9 to 360. The oil and gas rig count has risen…

Can Anything Stop The Current Bull Run In Oil?

Jan 08, 2021 at 12:09 | Editorial Dept

U.S. West Texas Intermediate crude oil futures continued to move higher on Friday with last February’s high at $53.60 well within reach. Investors continue to look beyond rising coronavirus cases,…

OPEC+ Throws U.S. Shale A Lifeline

Jan 08, 2021 at 12:09 | Editorial Dept

1. Metals see a massive boost in EVs- Robert Friedland has started a special purpose…

Iraq Issues An Arrest Warrant For Donald Trump

Jan 08, 2021 at 12:08 | Editorial Dept

Geopolitics - In an unexpected turn of events indicative of the United States loss of power in Iraq, an Iraqi court has issued an arrest warrant for Trump in connection…

How To Play The Energy Market In 2021

Jan 08, 2021 at 12:07 | Editorial Dept

As happy as we all were to bid adieu to 2020, it has quickly become obvious that just flipping a page on the calendar wasn’t really enough to make things…

Russia Has Won Its Oil War With Saudi Arabia

Jan 08, 2021 at 12:06 | Editorial Dept

Oil prices reached the highest point since February 2020 this week after Saudi Arabia’s surprise announcement at the monthly OPEC+ Ministerial Meeting that it would voluntarily cut an additional 1…

Oil Rally Continues Despite Slow Vaccine Rollout

Jan 08, 2021 at 11:14 | Julianne Geiger

Crude oil prices continued their climb on Friday, poised for a weekly gain of more than 6% as Saudi Arabia took decisive action to voluntarily—and singlehandedly—curb production by an additional…

Cold Weather In China Sends Coal, Gas Prices Sky-High

Jan 08, 2021 at 10:03 | Charles Kennedy

The coldest winter in China since 1966 has sent coal and gas prices soaring as power demand surges. Gas prices hit a three-year high, Bloomberg reported, while coal prices…

Tesla Tops Facebook To Become Fifth Most Valuable Company

Jan 08, 2021 at 09:00 | Tsvetana Paraskova

Tesla (NASDAQ: TSLA) surpassed Facebook in terms of market value on Thursday, becoming the fifth most valuable company in the S&P 500 as its shares closed at another all-time…

The Future For Natural Gas Is Far From Certain

Jan 07, 2021 at 17:54 | David Messler

Natural gas seems to be locked in a range that prevents it from being truly economic across the demand cycle. As you can see from the graphic below, for about…

3 Reasons To Go All In On Lithium

Jan 07, 2021 at 17:12 | Alex Kimani

The last decade has been brutal for commodities, with the sector posting declines in 7 out of 10 years. Last year was not much better, merely remaining flat…

Net-Zero Emissions Might Not Be Possible Without Nuclear Power

Jan 07, 2021 at 15:57 | Tsvetana Paraskova

Declining solar, wind, and battery technology costs are helping to grow the share of renewables in the world’s power mix to the point that governments are pledging net-zero…

Big Oil Is Getting Serious About Carbon Capture

Jan 07, 2021 at 13:02 | Irina Slav

Five years ago, a handful of oil majors launched what they called the Oil and Gas Climate Initiative with the stated aim of accelerating the energy industry's response to climate…

The Real Crisis For Oil Is Yet To Come

Jan 07, 2021 at 12:25 | Felicity Bradstock

Italian energy major, Eni, described 2020 as a “year of war”, regarding the energy crisis experienced in the face of a global pandemic. But it may be too…

Oil, Gas And Coal Prices Rally As Cold Winter Sets In

Jan 07, 2021 at 11:43 | Tsvetana Paraskova

Higher demand for oil, natural gas, and coal due to colder than usual winter temperatures in many parts of the northern hemisphere is driving up the regional prices and international…

Scientists Find Way To Convert CO2 Into Jet Fuel

Jan 07, 2021 at 10:59 | Irina Slav

Air travel accounts for about 12 percent of greenhouse gas emissions from the transport industry—or at least it did before the pandemic. It is likely that once again travel will…

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