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Is It Time To Invest In Tidal Energy?

Is It Time To Invest In Tidal Energy?

On paper, tidal energy has…

Turkey Is Suffering As Natural Gas Prices Soar

Turkey Is Suffering As Natural Gas Prices Soar

Turkey has found itself in…

Energy

Saudi Arabia Eyes Oil Market Dominance As Prices Bounce Back

Oct 07, 2021 at 12:42 | Felicity Bradstock

After a difficult year during Covid, Saudi Arabia and its oil and gas industry are finally rebounding as global oil demand recovers. Oil revenue in Saudi…

Who Should Pay To Plug Abandoned Oil Wells?

Oct 07, 2021 at 12:05 | Felicity Bradstock

Who should be responsible for plugging abandoned oil and gas wells, Big Oil, or the government and taxpayers? That’s the question being raised as the U.S. faces an…

Moody’s: Oil Industry Must Spend $542 Billion To Avoid Supply Shock

Oct 07, 2021 at 11:52 | Tsvetana Paraskova

Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock, Moody’s said…

Oil Prices Rebound As U.S. Walks Back Plan To Tap Strategic Petroleum Reserve

Oct 07, 2021 at 10:38 | Julianne Geiger

The U.S. Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports, Bloomberg’s Javier…

Why OPEC Didn’t Boost Production By 800,000 Bpd

Oct 07, 2021 at 09:35 | Irina Slav

Concern that demand for oil may weaken in the future was one of the reasons OPEC+ decided to stick with its original agreement to add 400,000 bpd in combined supply…

Oil Prices Fall Further On Possible Emergency Reserve Release And Export Ban

Oct 07, 2021 at 08:57 | Charles Kennedy

A release of crude oil from the U.S. emergency reserve is one option the Department of Energy is considering in a bid to tame prices at the gas pump. Another…

$11 Billion Has Poured Into Clean Energy Startups This Year

Oct 06, 2021 at 16:45 | Alex Kimani

At a time when fossil fuel startups have been suffering from a dearth of capital, clean energy startups are having little trouble attracting cash and investments from all quarters, including…

A Very Predictable Global Energy Crisis

Oct 06, 2021 at 16:41 | Irina Slav

Gas prices in Europe are breaking record after record. The UK is facing supply shortages reminiscent of the late 1970s winter of discontent.…

How Will Asia React To Record Breaking Energy Prices?

Oct 06, 2021 at 16:11 | Tsvetana Paraskova

Record-high coal and liquefied natural gas (LNG) prices in Asia are threatening to slow down the fastest-growing economies in the region. The global energy crunch, which has energy-importing…

Natural Gas Prices Plunge As Putin Promises More Supply

Oct 06, 2021 at 15:20 | Julianne Geiger

Natural gas futures mercifully slipped 10% on Wednesday after Russian President Vladimir Putin promised that the gas-rich nation would send more natural gas to Europe. Gas prices…

The Electricity Crisis Was Not Caused By A ‘Perfect Storm’

Oct 06, 2021 at 13:25 | Leonard Hyman & William Tilles

Recent news from the global electricity sector looks grim. South Americans, heavily dependent on hydroelectricity,  face drought-induced scarcity. Hard to believe in a continent laced by three enormous…

UK National Grid: Consumers Will See No Respite From High Gas Prices Soon

Oct 06, 2021 at 12:53 | Tsvetana Paraskova

Electricity supply in the United Kingdom will be tighter this winter compared to previous years, the chief executive of the UK’s National Grid told a Financial Times conference on…

EIA Sees Solid Global Demand For Oil, Gas And Renewables To 2050

Oct 06, 2021 at 11:57 | Tsvetana Paraskova

Global demand for renewables will rise the most through 2050, but demand for petroleum and other liquids and natural gas will also increase, albeit at a slower pace, the U.S.…

The EU Is Panicking Over Skyrocketing Energy Prices

Oct 06, 2021 at 10:15 | Tsvetana Paraskova

As Europe’s benchmark gas prices hit records highs every day amid tight supply, the European Union (EU) is looking at a single-market response to the surging energy prices as it…

Oil Unchanged On Small Crude Inventory Build

Oct 06, 2021 at 09:41 | Irina Slav

Crude oil remained unchanged today after the Energy Information Administration reported an inventory build of 2.3 million barrels for the week to October 1. At 420.9 million barrels, U.S.…

Saudi Arabia Cuts Oil Prices After Latest Rally

Oct 06, 2021 at 08:59 | Irina Slav

Saudi Arabia has cut its official crude oil selling price for Asian buyers following the latest price rise spurred by the OPEC+ decision to stick to monthly additions of 400,000…

Hyperinflation Could Send Oil Prices Above $180

Oct 05, 2021 at 13:46 | Alex Kimani

Last year, shortly after the World Health Organization (WHO) declared Covid-19 a global pandemic, governments everywhere unveiled massive monetary and fiscal stimuli (over $15T globally) in a bid…

Hedge Funds Scramble To Buy Crude Oil Futures As Market Tightens

Oct 05, 2021 at 13:35 | Irina Slav

Earlier this year, oil began to fall out of favor with traders as the focus on energy attention increasingly shifted towards renewable power and the energy transition. But…

The Energy Transition Will Take Decades Not Years

Oct 05, 2021 at 12:49 | Tsvetana Paraskova

This year’s global demand for all three fossil fuels has sent a message to overly enthusiastic proponents of the energy transition - hold your horses.

Coal Is Making A Comeback In Europe As Gas Prices Explode

Oct 05, 2021 at 12:42 | Gerald Jansen

As European gas prices have continued their surge throughout the past couple of weeks, the role and importance of coal has sparked a…

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