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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

Iraq Busted Its OPEC+ Oil Production Quota In October

Nov 05, 2020 at 12:39 | Tsvetana Paraskova

Iraq’s crude oil production rose in October and exceeded its quota and compensation target under the OPEC+ agreement, Argus reported on Thursday, quoting state oil marketing firm SOMO.  …

Oil Prices Drop As Markets Await U.S. Election Result

Nov 05, 2020 at 11:02 | Tsvetana Paraskova

Oil prices dropped on Thursday morning as a highly contested presidential election continued to be too close to call as of 11 a.m. ET, although Democratic candidate Joe Biden was…

Surge In COVID-19 Cases Could Slash Emissions

Nov 05, 2020 at 10:35 | Irina Slav

It became clear pretty soon after the first lockdowns in the spring were imposed: Covid-19, the disease caused by the novel coronavirus, caused a decline in greenhouse gas emissions. It…

China’s Crude Oil Imports Sink In October

Nov 05, 2020 at 10:09 | Irina Slav

China’s crude oil imports fell by 4.88 percent last month from a month earlier, data analytics provider OilX reported. At 10.96 million bpd, imports were more than 560,000 bpd lower…

Saudi Arabia Cuts Oil Prices To Asian Market

Nov 05, 2020 at 09:15 | Tsvetana Paraskova

The world’s top oil exporter, Saudi Arabia, appears unconvinced that near-term demand has much room to grow as it reduced its official selling price for its flagship crude grade to…

Oil Prices Are Set To Go Higher Next Year

Nov 04, 2020 at 17:37 | David Messler

As predicted, a second wave of COVID-19 is wreaking havoc on the world economy with many European nations contemplating new shut downs. It looks like it will be…

Aramco’s Profit Drop Is A Dire Warning For Saudi Arabia

Nov 04, 2020 at 16:47 | Cyril Widdershoven

By reporting a 44.6% decrease in profits in Q3 2020, Aramco has put a major damper on Saudi Arabia’s economic diversification strategies and overall stability. Saudi Aramco reported…

How Big Can the Tesla Bubble Get?

Nov 04, 2020 at 16:37 | Irina Slav

Here’s one fact that somehow transcends logic: Tesla is worth five times more than GM and Ford—combined. The EV company, which for quite some time served as a laughing stock…

This Just Became The World's Largest Gas Hub

Nov 04, 2020 at 14:02 | Tsvetana Paraskova

The increasingly global nature of natural gas, with the rise of liquefied natural gas (LNG) supply and trade, is making one of Europe’s key natural gas trading hubs…

Texas Oil Industry May Have Left The Worst Of The Downturn Behind

Nov 04, 2020 at 13:49 | Tsvetana Paraskova

Although the Texas upstream oil and gas industry remained in contraction in the third quarter, signs have emerged in employment and rig counts that the sector may have already seen…

Is Wall Street Cutting Its Fossil Fuels Losses?

Nov 04, 2020 at 13:31 | Alex Kimani

The global energy sector is at a major bifurcation point, with the energy revolution having grown into an unstoppable force now. The value of fossil fuel investments has…

China’s Oil Imports Are Falling From Record Highs

Nov 04, 2020 at 11:03 | Tsvetana Paraskova

China’s crude oil imports have fallen in recent months from their record high of nearly 13 million barrels per day (bpd) in June, although imports continue to be considerably higher…

The U.S. Officially Quits The Paris Climate Agreement

Nov 04, 2020 at 09:55 | Charles Kennedy

As of Wednesday, the United States has officially left the Paris Agreement, as U.S. President Donald Trump promised in 2017. On November 4, 2019, the U.S. gave a 12-month notice…

Oil Prices Jump On Large Crude Inventory Draw

Nov 04, 2020 at 09:45 | Irina Slav

Crude oil inventories in the United States shed 8 million barrels last week, the Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw…

Four OPEC+ Members Favor Extended Cuts

Nov 04, 2020 at 08:34 | Irina Slav

Three members of OPEC and Russia are in favor of an extension of the current oil production cuts agreed by OPEC+ in April this year, Iraqi news agency Shafaq has…

Rise In COVID Cases May Force OPEC To Do The Unthinkable

Nov 03, 2020 at 17:49 | Julianne Geiger

With the most recent round of coronavirus-inspired lockdowns in various parts of the world, OPEC may face its biggest challenge yet: cutting even more production

Will The E-Commerce Boom Boost Oil Demand?

Nov 03, 2020 at 17:27 | Alex Kimani

"People have money and they're not spending it on going out to the theater, they're buying goods, CEO Black Gold Investors LLC. The transport…

Venezuela’s Oil Industry Is On Its Last Legs

Nov 03, 2020 at 16:53 | Matthew Smith

Last week was devastating for Venezuela, its people and nearly collapsed oil industry. Oil production since the start of 2020 has fallen catastrophically to multi-decade lows, the extremely…

Light Sweet Crude Oil Is Taking Over The Market

Nov 03, 2020 at 14:33 | Matthew Smith

The popularity of light sweet crude oil among refiners is growing at a solid clip. The ongoing push to combat climate change and ever stricter regulations over fuel…

Why Oil Markets Aren’t Focused On The Election

Nov 03, 2020 at 12:28 | Josh Owens

As the world tunes in to the U.S. election, oil markets are actually more interested in COVID developments and OPEC+ promises

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