The Department of Justice is…
Chinese EVs are making significant…
Governments and businesses are exploring…
Oil prices are set to rebound in 2021 as optimism grows around a COVID vaccine and OPEC looks to extend its production cuts. For Global Energy Alert members there are…
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 5 to 231, ending eight weeks of increases to oil rigs in the…
U.S. West Texas Intermediate crude oil futures are trading flat but remained on track to record their third consecutive weekly rise. The catalysts behind the gains were speculation that OPEC…
1. V-shaped recovery and a bull market- While the V-shaped recovery hopes were dashed for…
Politics, Geopolitics & Conflict Keep a close eye on Libya - and particularly on Sirte (the gateway to Libyan oil) following the November 3rd agreement for a permanent ceasefire. There…
Over the last five or six months, natural gas has been a dangerous market in which to play, with massive intraday swings being part of sustained long-term moves punctuated by…
Vaccine progress or not, the market is riveted with OPEC actions. And that is because the industry is well aware that even the most promising of vaccine news…
Crude oil demand is likely to rebound next year following the promising news about a vaccine against the novel coronavirus, according to Fitch Solutions. In its latest Global Commodities Strategy…
Russia and Saudi Arabia are vying for the top spot among crude oil suppliers to China, with Russia currently in the lead, but Saudi Arabia is doing its best to…
Big Oil has been frequently lambasted for trying to burnish its green credentials through half-hearted investments in renewables. That might have been true for much of the past…
Arab Gulf oil producers are losing billions of U.S. dollars from oil revenues this year due to the pandemic that crippled oil demand and oil prices.
While oil demand in Europe and the United States continues to disappoint, refiners in Asia are racing to procure crude from around the world, giving the oil market some hope…
In recent weeks, there have been some wild swings and speculation in the oil market. The two most influential developments have been Joe Biden’s victory
Small, independent oil producers are seeing the potential for growth over the next decade as major energy companies look to invest in renewables. As big companies are being…
While the OPEC+ group considers extending the production cuts for three months, oil output in Libya continues to increase and has returned to 1.25 million bpd, the level…
Fuel shortages in Venezuela are so bad amid the deepening crisis at its state oil firm that Venezuelans are stealing crude oil from idle oilfields and processing it…
While many Gulf nations were already working to diversify their economies prior to the coronavirus pandemic, the subsequent economic downturn and collapse in oil prices has meant that…
Last week’s news of an effective Pfizer vaccine in the final stages of development lifted oil prices, with the U.S. benchmark WTI Crude returning to above $40 a…
In an ominous sign for 2020, a mere week into this year the assassination of Iranian military leader Qasem Soleimani by U.S. forces…
Norway is offering 136 offshore oil and gas exploration blocks in the Barents Sea and the Norwegian Sea, the country's Petroleum Directorate said today. recently published Resource Report 2020…