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Energy

Goldman Turns Bullish On Oil: Sees $65 Brent In 2021

Dec 15, 2020 at 08:46 | Irina Slav

Structural underinvestment in oil and gas will put upward pressure on oil prices, Goldman Sachs’ commodities chief Jeffrey Currie told CNBC this week, commenting on commodity markets. All markets…

Why Warren Buffet Is Betting Big On Oil & Gas Pipeline Companies

Dec 14, 2020 at 17:30 | David Messler

It’s been a tough year for energy pipelines that carry oil and gas from source points to distribution and export terminals. In recent weeks, along with a general…

The EV Of The Future May Never Have To Be Charged

Dec 14, 2020 at 17:22 | Haley Zaremba

Electric vehicles are getting more advanced and more accessible all the time. As charging infrastructure proliferates and vehicle technology improves, they’re becoming more…

Asset Managers Are Turning Up The Heat On Energy Companies

Dec 14, 2020 at 16:19 | Irina Slav

When Bank of America proclaimed it would no longer finance Arctic oil and gas drilling, it was just the latest in a string…

Exxon’s Big Bet On Guyana’s Offshore Oil Basin Is Paying Off

Dec 14, 2020 at 15:55 | Matthew Smith

The growing oil boom in the offshore Guyana-Suriname Basin continues to gain pace. After making a series of spectacular discoveries in offshore Guyana…

Could Solar Power Save The Lone Star State?

Dec 14, 2020 at 14:22 | Haley Zaremba

Texas, once the undisputed and seemingly infallible powerhouse of the United States’ energy sector and the world’s shale markets, is struggling to stay afloat

Battery Recycling Booms As The EV Revolution Kicks Into High Gear

Dec 14, 2020 at 14:06 | Tsvetana Paraskova

The rising popularity of electric vehicles (EVs) is often praised as the road to helping the world to reduce emissions. Yet, the advocates of the electric-car future often…

Upheaval In Big Oil’s Board Rooms

Dec 14, 2020 at 13:07 | Leonard Hyman & William Tilles

A bevy of Royal Dutch Shell’s top clean energy executives picked up and resigned from the energy giant. They quit shortly before Shell was scheduled to announce its forward clean…

Supermajors Are Betting Big On Carbon Credits

Dec 14, 2020 at 12:23 | Haley Zaremba

“PEAK OIL IS SUDDENLY UPON US” blared a Bloomberg Green headline earlier this month. While the COVID-19 pandemic has been devastating for many economic sectors, few were as…

Oil Falls After OPEC Slashes Q1 2021 Demand Forecast

Dec 14, 2020 at 10:55 | ZeroHedge

Having just recently agreed a new production quota, which along with vaccine hype has spurred oil prices to their highest since March, OPEC just reduced projections for global fuel consumption in…

Explosion At Saudi Port Damages Oil Tanker

Dec 14, 2020 at 09:59 | Irina Slav

An explosion rocked a Singapore-flagged oil tanker at the Saudi Red Sea port of Jeddah, according to multiple media reports. The United Kingdom Maritime Trade Operations website reported the

Oil Prices Rise As U.S. Vaccinations Begin

Dec 14, 2020 at 08:44 | Tsvetana Paraskova

Oil prices rose early on Monday after the U.S. FDA approved the Pfizer-BioNTech vaccine for emergency use and shipments of batches of vaccine vials began this weekend, with first vaccinations…

Middle East Oil Prices Rise As Asian Demand Recovers

Dec 11, 2020 at 17:25 | Viktor Katona

As the United States and Europe falter under the weight of ever-increasing coronavirus cases and a general lull in markets, the health of the Asian crude market has…

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.…

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