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The Cold Hard Truth About Renewable Energy Adoption

The Cold Hard Truth About Renewable Energy Adoption

The energy transition, while necessary,…

Energy

Rosneft Extremely Bullish About Arctic Oil And Gas Discoveries

Dec 17, 2020 at 16:21 | Simon Watkins

At the core of Russia’s hydrocarbons-related power is its Arctic oil and gas reserves, with the Russian Arctic sector comprising over 35,700 billion…

Hydrogen Production Is Set To Increase 5000% In Just 5 Years

Dec 17, 2020 at 16:00 | Alex Kimani

After decades of stagnation and multiple false dawns, the hydrogen economy appears primed for a major takeoff. A growing number of countries and…

An Under-The-Radar Opportunity In LNG

Dec 17, 2020 at 12:14 | Tsvetana Paraskova

Natural gas production and liquefied natural gas (LNG) exports, including in the United States, could get a boost from a relatively new and not-so-self-evident revenue stream—the global shipping…

Wall Street Is Warming Up To Canada’s Oil Sands

Dec 17, 2020 at 11:43 | Haley Zaremba

Things are looking up for the Canadian oil sands. After years of strife and faltering profits, battered by environmental regulations and domestic pipeline shortages as well as the…

Oil At 9-Month High While Bitcoin Soars Past $23,000

Dec 17, 2020 at 10:37 | Tsvetana Paraskova

Oil prices continued to rise on Thursday morning, reaching a nine-month high on a U.S. crude inventory draw and a weak dollar, while the price of bitcoin jumped to a…

Putin: Russia Reduces Its Dependence On Oil

Dec 17, 2020 at 09:24 | Irina Slav

Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT. "This means that, while we're not…

Oil Industry Needs Whopping $12.6 Trillion In Investments

Dec 17, 2020 at 08:51 | Irina Slav

The global oil industry needs some $12.6 trillion in investments through 2045, the secretary-general of OPEC said at a videoconference, adding these investments would be essential for the industry to…

Airline Slump Still Dogs Oil Demand

Dec 17, 2020 at 08:04 | Julianne Geiger

Oil prices may be ticking upward, but oil demand still isn’t getting any relief from jet fuel demand, according to the Energy Information Administration’s This Week in Petroleum report published…

Offshore Oil’s Dramatic Comeback

Dec 16, 2020 at 18:36 | Irina Slav

Smack dab in the middle of an oil price crisis caused by an unprecedented demand loss, Exxon announced the latest in a string of discoveries off the eastern…

Will Biden Seal The Fate Of The U.S. Shale Patch?

Dec 16, 2020 at 16:06 | Haley Zaremba

It’s a tale as old as time: there’s a new sheriff in town, and the first item on the agenda is wiping out or otherwise undermining the policies…

The Pipeline Tech Transforming The Oil Industry

Dec 16, 2020 at 15:22 | Felicity Bradstock

Monitoring and maintenance of pipelines costs energy companies approximately $1.4 billion every year. But what if innovative solutions could help rein in this…

U.S. LNG Exports Hit Record High In November

Dec 16, 2020 at 13:09 | Tsvetana Paraskova

Exports of liquefied natural gas (LNG) out of the United States hit an all-time high in November due to recovering global gas demand and prices and unplanned outages at LNG…

Egypt And Iraq Sign Landmark Oil Deal

Dec 16, 2020 at 13:01 | Felicity Bradstock

Egypt and Iraq have signed an oil-for-reconstruction plan this December, expected to come into effect once constitutional procedures have been completed. This deal marks the start of several…

2 Ways To Win Big On The Oil Price Rebound

Dec 16, 2020 at 12:40 | Steve Drew

Fortunes aren’t only minted through secure investments over the long term. They’re also minted by riskier opportunities that carry huge rewards.  The pandemic has shaken up the investing world, and…

Mexico Is Quietly Pushing Out Foreign Oil Investors

Dec 16, 2020 at 12:00 | Haley Zaremba

For nearly 80 years, Mexico kept its borders closed to foreign oil interests, with the state-owned and -run Petroleos Mexicanos (Pemex) being the only entity allowed to drill…

Low Oil Prices Force Saudi Arabia To Cut 2021 Budget Plan

Dec 16, 2020 at 11:03 | Irina Slav

Saudi Arabia reduced its budget plan for 2021 by 7 percent from this year’s in response to the economic fallout of the pandemic, which pushed oil prices to multi-year lows.…

Oil Jumps On Crude Inventory Draw

Dec 16, 2020 at 09:39 | Irina Slav

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 11. The report came…

World Bank Sees Oil Prices Averaging $44 In 2021

Dec 16, 2020 at 08:59 | Tsvetana Paraskova

Oil prices, defined as an average of Brent, West Texas Intermediate, and Dubai prices, are expected to rise to an average…

Is It Time For A Correction In Oil Markets?

Dec 15, 2020 at 17:09 | Irina Slav

Crude oil prices rose to the highest since early spring after the FDA yesterday gave the green light to the Pfizer-BioNTech Covid-19 vaccine,…

Big Oil Slammed With A $7 Trillion Reality Check

Dec 15, 2020 at 16:15 | Alex Kimani

About a year ago, the world's largest asset manager BlackRock Inc. (NYSE:BLK) declared its intention to increase its ESG (Environmental, Social and Governance) investments

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