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Comparing Big Oil to Big Tobacco is Ludicrous

Comparing Big Oil to Big Tobacco is Ludicrous

Comparing Big Oil to Big…

FTC's Attack on Pioneer Sends Ripples Through Shale Industry

FTC's Attack on Pioneer Sends Ripples Through Shale Industry

Bloomberg and the Financial Times are reporting that…

Energy

Brexit Creates Major Problem For UK Energy Companies

Jan 07, 2021 at 10:36 | Leonard Hyman & William Tilles

In the international electricity markets, countries fall into one of three categories: those that provide adequately for their needs like the US, those with excess reserves like Canada and those…

The Next 5 Days Could See A Buying Spree In Oil Futures

Jan 07, 2021 at 09:58 | Tsvetana Paraskova

The annual five-day rebalancing of portfolios beginning on Friday could attract as much as US$9 billion buying into crude oil contracts, putting upward pressure on oil prices, investment banks and…

Pioneer CEO Paints Gloomy Growth Picture For U.S. Shale

Jan 07, 2021 at 09:05 | Irina Slav

The immediate future of U.S. shale remains bleak despite Saudi Arabia’s pledge to cut an additional 1 million bpd in production to prop up prices. “I really don’t see much…

How To Play 2021’s First Oil Rally

Jan 06, 2021 at 16:34 | Alex Kimani

Oil-and-gas stocks are just coming off one of their most tumultuous years in history. In 2020, the oil and gas sector was hit with a triple-whammy of a…

Rising LNG Prices Welcome News For U.S. Exporters

Jan 06, 2021 at 15:32 | Tsvetana Paraskova

Recovering demand for liquefied natural gas (LNG) and the strongest spot LNG prices in more than half a decade are set to encourage more U.S. exports of LNG…

Crude Oil Flow From Saudi Arabia To U.S. Falls To Zero

Jan 06, 2021 at 15:14 | Julianne Geiger

For the first time in 35 years, no oil flowed from Saudi Arabia to the United States last week, according to EIA data, in a show that the United States—at…

Hedge Funds Haven’t Been This Bullish On Oil Since Pandemic Started

Jan 06, 2021 at 13:37 | Tsvetana Paraskova

Money managers started 2021 with optimism that oil prices will benefit from a rise in economic activity as vaccines are being rolled out.  Hedge funds and…

Iran: U.S. Owes Tehran $70B In Damages For Missed Oil Revenues

Jan 06, 2021 at 13:24 | Charles Kennedy

Iran claims that the U.S. should pay Tehran as much as US$70 billion as compensation for lost oil revenues due to the U.S. sanctions, as a prerequisite for a return…

Ecuador Scrambles To Clean Up Its Oil Industry

Jan 06, 2021 at 12:27 | Matthew Smith

The last year was difficult for Ecuador’s beaten-down hydrocarbon sector. Aside from the severe fallout from the COVID-19 pandemic and sharply weaker oil prices, the industry was rocked…

Goldman: Saudi Oil Strategists Fear Weak Demand In 2021

Jan 06, 2021 at 11:52 | Tsvetana Paraskova

Saudi Arabia’s unexpected major oil production cut announced on Tuesday is likely a sign that the world’s largest oil exporter expects oil demand to weaken in coming weeks due…

The World’s First Major Hydrogen Hubs Are In The Making

Jan 06, 2021 at 10:58 | Alan Mammoser

A profuse literature on hydrogen is coming forth from companies, governments, and energy market analysts. All are seeking the most likely paths forward for what is anticipated to be a…

Oil Jumps On Major Crude Inventory Draw

Jan 06, 2021 at 09:47 | Irina Slav

Crude oil prices rose further today after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the last week of 2020, despite hefty…

Goldman Sachs: Here's What's Behind Saudi's Shocking Production Cut Decision

Jan 06, 2021 at 08:59 | ZeroHedge

The first monthly OPEC+ meeting to decide on the group’s production ended with an unexpected, in fact shocking two-month agreement: Saudi announced an unexpected and unilateral…

U.S. Oil Executives Cautiously Optimistic About 2021

Jan 05, 2021 at 17:33 | Irina Slav

The worst seems like it’s over for the U.S. oil industry. Yet executives are entering the new year with cautious optimism, the latest Dallas Fed

How To Play The Oil Price Rebound In 2021

Jan 05, 2021 at 16:44 | James Stafford

The oil industry took a tumble in 2020, but the tides are beginning to turn. Oil prices are currently wading cautiously in the $50 range as a new…

Aspiring Oil Tycoons Brace For Disappointment

Jan 05, 2021 at 16:37 | Haley Zaremba

Since years before the unexpected blow of the novel coronavirus pandemic, U.S. shale has been in a state of serious decline. Diminishing returns from aging wells turned the…

Will Asia Actually Fuel A Comeback In Coal?

Jan 05, 2021 at 15:25 | Felicity Bradstock

As 2020 meant a slowdown in coal production and use, experts and governments were confident that the industry would pick up again as pandemic restrictions eased. However, going…

Iraq Aims To Increase Oil Exports To Asia With South Korea Deal

Jan 05, 2021 at 14:51 | Simon Watkins

In line with Iraq’s currently perilous finances and with its future target of increasing crude oil production to 7 million barrels per day (bpd) by 2027 at the latest,…

WTI Tops $50 As Oil Rally Continues

Jan 05, 2021 at 13:16 | Tom Kool

Oil prices jumped on Tuesday morning as OPEC+ agreed to push back the expected production increase until next month.

OPEC+ Meeting Ends With Major Surprise Cut From Saudi Arabia

Jan 05, 2021 at 12:46 | Julianne Geiger

After another round of drama and a stalling of the talks on Monday, the Tuesday extension of the OPEC+ meeting concluded at long last with a solution upon which all…

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