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Energy

Will Biden Bring Iranian Oil Back Online?

Nov 06, 2020 at 10:54 | Editorial Dept

As the Trump administration continues to slap more sanctions on Iranian oil and launches a flurry of enforcement actions, seizing Iranian weapons and oil bound for Venezuela, some are hedging…

Elon Musk’s $250 Tesla Tequila Is Already Sold Out

Nov 06, 2020 at 10:19 | Michael Kern

Tesla introduced on Thursday Tesla Tequila, the latest merchandise Elon Musk has offered to his aficionados, and the US$250 a bottle tequila quickly sold out. After shorts and flamethrowers,…

Shell To Shut Down Louisiana Refinery

Nov 06, 2020 at 09:56 | Irina Slav

Royal Dutch Shell will shut down its Convent refinery in Louisiana after failing to find a buyer for the facility, Bloomberg reports, citing a statement by the company. The…

Oil Prices Slide As Election Uncertainty Remains

Nov 06, 2020 at 09:08 | Tsvetana Paraskova

Oil prices dropped by nearly 2 percent early on Friday as the U.S. reported a second consecutive day of record coronavirus cases, while the counting in the presidential election continued.…

The Oil Price Rally That Never Was

Nov 05, 2020 at 17:48 | Irina Slav

When the pandemic pummeled the oil industry in the spring, many called the situation unprecedented. Prices were falling because of oversupply, but demand was failing to react to…

Smart Money Is Betting Big On This Trillion Dollar Lifestyle Trend

Nov 05, 2020 at 17:37 | Paul Reed

The world’s eCommerce king has found itself in a war that it may not be able to win.  Its competitors are a group of specialty players that are overtaking Amazon…

Two Major Power Blocs Are Vying For Power In The Middle East

Nov 05, 2020 at 15:05 | Simon Watkins

The 15 June clash between military units of the two great Asia powers – China and India – in the disputed territory of the Galwan Valley in the Himalayas reflected…

Oil Hasn't Been This Bearish Is Nearly A Century

Nov 05, 2020 at 14:45 | Alex Kimani

The energy sector has emerged as the worst-performing of the United States' 11 market sectors in the current year, dropping to its lowest point relative to the S&P…

Consolidation Is Killing Jobs In The U.S. Shale Industry

Nov 05, 2020 at 14:20 | Tsvetana Paraskova

The long-awaited consolidation in the U.S. shale patch is well underway, with several high-profile multi-billion-dollar deals announced in the span of just a few weeks.   Analysts say that the mergers…

Are Vanadium Flow Batteries The Future Of Utility-Scale Energy Storage?

Nov 05, 2020 at 14:00 | Robert Rapier

Earlier this year, the California Energy Commission (CEC) published a $20 million solicitation to fund research projects for the deployment of long-duration energy storage. The…

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…

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