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Oil Moves Higher on Inventory Draw

Oil Moves Higher on Inventory Draw

Crude oil prices ticked higher…

Oil Traders Hedge Geopolitical Risk With Record Options

Oil Traders Hedge Geopolitical Risk With Record Options

Call options are currently trading…

Energy

Bank Of China Gets Tiny Fine For Negative Oil Price Disaster

Dec 11, 2020 at 17:18 | Alex Kimani

The global oil market descended into a new low in April after oil prices crashed into negative prices for the first time ever. On April 20,…

Bombshell Report Pours Cold Water On Global LNG Outlook

Dec 11, 2020 at 17:14 | Irina Slav

When the European Union tied its pandemic relief plan to renewable energy generation and emissions reduction targets, analysts sounded an alarm for LNG…

Amazon Becomes The Largest Corporate Buyer Of Renewable Energy

Dec 11, 2020 at 17:12 | City A.M

Amazon has announced 26 new utility-scale wind and solar energy projects, making it the largest-ever corporate purchaser of renewable energy. The company has now invested in…

Geopolitical Rift Between Australia And China Reaches Boiling Point

Dec 11, 2020 at 17:08 | Vanand Meliksetian

The Chinese economic engine requires vast quantities of raw materials such as coal to power industries. While the majority of the coal is mined domestically, China is increasingly…

Oman Looks To Make The Most Of Its Dwindling Oil Reserves

Dec 11, 2020 at 17:06 | Felicity Bradstock

Oman is moving full steam ahead with its oil production, establishing a new company for upstream oil and gas. Energy Development Oman (EDO) will have a stake in…

EV Metal Index Soars To Record Heights In 2020

Dec 11, 2020 at 17:04 | MINING.com

The MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world fell back from the all-time high…

Nord Stream 2 Construction Continues Despite Delays

Dec 11, 2020 at 17:02 | RFE/RL staff

Work has resumed in Baltic Sea waters off the German coast on the controversial Nord Stream 2 natural-gas pipeline, project managers said in a statement on December 11.…

Oil Prices Take A Breather After Big Rally

Dec 11, 2020 at 13:36 | Tom Kool

Oil prices fell back on Friday morning following a strong rally on the back of an OPEC+ agreement and new COVID-19 vaccine rollouts around the globe.For Global Energy…

Rig Count Sees Largest One-Week Increase Since January

Dec 11, 2020 at 12:37 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 12 to 338. The total number of active oil and gas rigs increased…

Oil Markets Ignore Bearish News

Dec 11, 2020 at 12:18 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are edging lower on Friday but remained in a position to post a sixth week of gains, as the rollout of novel coronavirus…

OPEC+ Stabilizes Oil Markets

Dec 11, 2020 at 12:17 | Editorial Dept

1. Deep capex cuts for shale- A group of 33 U.S. shale companies cut capex…

China Expands Its Influence Over Iraqi Oil

Dec 11, 2020 at 12:14 | Editorial Dept

Politics, Geopolitics & Conflict Once again, it’s China stepping into the vacuum in Iraq, targeting the oil industry. This time, Iraq is set up for a multi-billion-dollar bailout from Beijing…

Beyond Crude Oil: A Long Term Play In Natural Gas

Dec 11, 2020 at 12:12 | Editorial Dept

Last week, I talked about the illogicality of recent moves in crude, and there has been more of the same this week, if anything even more pronounced. I guess I…

Libya's Delicate Peace Is Under Threat

Dec 11, 2020 at 12:11 | Editorial Dept

Last week, we asked how quickly General Haftar might grow weary of waiting on an elusive oil revenue agreement while the country continues to pump out 1.2 million…

World Oil Demand Hits Two-Month High

Dec 11, 2020 at 11:02 | Tsvetana Paraskova

Global demand for road fuels hit a two-month high last week, recovering from the slowdown in October and November when many countries in Europe imposed lockdowns for a second time…

EU Reaches Agreement On Emission Cuts

Dec 11, 2020 at 10:09 | Irina Slav

The European Union earlier today finally reached an agreement on more stringent emissions-cutting goals for the next decade. After long discussions, the block agreed to aim for a 55-percent reduction…

Exxon Makes First Promising Offshore Discovery Off Suriname

Dec 11, 2020 at 09:03 | Tsvetana Paraskova

ExxonMobil and its partner Petronas have discovered oil and gas offshore Suriname, which adds to Exxon’s numerous discoveries offshore Guyana in the same Guyana-Suriname basin, the U.S. supermajor said…

The Top U.S. Shale Gas Basin Continues To Bleed Cash

Dec 10, 2020 at 16:28 | Tsvetana Paraskova

The shale revolution may have made the United States and the world's largest natural gas producer, but it has failed to make the biggest U.S. shale gas drillers any richer.…

How Texas Could Bounce Back From The Oil Price Crash

Dec 10, 2020 at 16:18 | Haley Zaremba

Just a decade ago West Texas was the very image of a thriving industry. Bobbing pumpjacks dotted the landscape as boomtowns like Midland exploded in a flurry of…

The OPEC Member That Could Derail The Production Cut Plan

Dec 10, 2020 at 15:30 | Cyril Widdershoven

After a week of contentious OPEC+ discussions, in which the UAE played a key role, it appears that the Abu Dhabi National Oil Company (ADNOC) is now aggressively…

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