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U.S Keeps Top Crude Oil Producer Status

U.S Keeps Top Crude Oil Producer Status

Despite oil production curtailments earlier…

BP Bombshell: India’s Oil Demand May Peak In 2025

BP Bombshell: India’s Oil Demand May Peak In 2025

India’s oil consumption may peak…

Will New Zealand Close Its Last Oil Refinery?

Will New Zealand Close Its Last Oil Refinery?

The Coronavirus pandemic has seriously…

Energy

Lower Oil Production Hits Pipeline Operators Hard

Sep 17, 2020 at 15:31 | Tsvetana Paraskova

Just two years ago, U.S. pipeline operators were rushing to build pipelines in Texas to move surging Permian oil and gas production to the refining and export centers…

A Wave Of Consolidations Hit Canada’s Oil Patch

Sep 17, 2020 at 14:39 | Alex Kimani

A vicious one-two-three punch that started with a gloomy long-term future outlook due to rampant fossil fuel divestments, climate change policies, and decarbonization as well as shorter-term—but severe—shocks from the…

U.S Keeps Top Crude Oil Producer Status

Sep 17, 2020 at 12:59 | Charles Kennedy

Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July, ahead…

Iraq Ships More Crude Oil Despite OPEC Output Cut Pledge

Sep 17, 2020 at 12:14 | Tsvetana Paraskova

Iraq has shipped more crude oil abroad so far this month, tanker-tracking data compiled by Bloomberg showed, even though OPEC’s second-largest producer has promised time and again in recent…

The Secret To Survival For Canada’s Oil Sands

Sep 17, 2020 at 10:52 | Haley Zaremba

Globally, there are a multitude of different answers (and even more non-answers) to the economic puzzle of how to account for and financially balance (aka pay for) negative…

Saudis Scold OPEC+ Laggards For Trying To “Outsmart The Market”

Sep 17, 2020 at 10:03 | Tsvetana Paraskova

The OPEC+ group will allow non-compliant members to take until the end of the year to compensate for their overproduction, Saudi Arabia’s Prince Abdulaziz bin Salman said on Thursday…

OPEC Warns That Second Wave Of COVID Will Derail Demand Recovery

Sep 17, 2020 at 09:12 | Irina Slav

A resurgence in Covid-19 cases in some countries could further dampen oil demand and interfere with a decline in oil inventories, Reuters has reported, citing an internal document of…

What BP Got Wrong About Global Oil Demand

Sep 16, 2020 at 17:39 | Cyril Widdershoven

Environmentalists around the world are having a field day this week as international media picks up on the oil market forecasts in the recently released BP Energy Outlook…

Cash-Strapped Iraq To Finally Roll Out Refinery Megaproject

Sep 16, 2020 at 17:14 | Simon Watkins

Iraq’s Ministry of Oil and Ministry of Industry and Minerals held a series of meetings over the past week to kick-start the multi-billion dollar Nebras petrochemical plant development project, originally…

BP Bombshell: India’s Oil Demand May Peak In 2025

Sep 16, 2020 at 14:21 | Tsvetana Paraskova

The world’s third-largest oil importer, India, will be the biggest source of energy demand growth through 2050 in any scenario about government policies about the energy transition. However, India may…

Oil Tanker Industry Is In An Ocean Of Trouble

Sep 16, 2020 at 14:04 | Irina Slav

There has been more than enough written about the woes of various segments of the oil industry and related industries so far this year. But there is one industry that…

Can Uber And Lyft Keep Their Promise To Go Fully Electric?

Sep 16, 2020 at 12:23 | Jon LeSage

Uber wants to become part of the ‘net-zero’ emissions alliance by switching over its fleet to electric vehicles. All of its rides could take place in EVs by 2030 in…

China Not Looking To Ban Gasoline Powered Cars Any Time Soon

Sep 16, 2020 at 12:12 | Tsvetana Paraskova

The world’s largest automotive market, China, is dropping considerations to have a firm deadline for banning the sales of new gasoline and diesel vehicles, according to policymakers advising the government…

World’s No.1 Oil Trader Sees Crude Inventories Shrinking This Year

Sep 16, 2020 at 11:08 | Tsvetana Paraskova

Vitol Group, the world’s largest independent oil trader, expects global oil inventories to continue drawing down for the rest of the year, unlike its rivals and many analysts who see…

Oil Rises After EIA Confirms Crude Inventory Draw

Sep 16, 2020 at 09:42 | Irina Slav

Crude oil prices inched up further today after the Energy Information Administration reported a crude oil inventory draw of 4.4 million barrels for the week to September 11. Fuel…

OPEC+ Complied 101% With Oil Production Cuts In August

Sep 16, 2020 at 08:54 | Tsvetana Paraskova

The OPEC+ coalition saw its overall compliance rate with the production cuts at around 101 percent in August, three sources in the group told Reuters on Wednesday, when OPEC+…

The Holy Grail of Endless Energy: Harvesting Blackholes

Sep 15, 2020 at 17:56 | Alex Kimani

A year ago, House representative Alexandria Ocasio-Cortez of New York and Senator Edward J. Markey of Massachusetts, both Democrats, proposed the Green New Deal

Is This The Cleanest Energy On Earth?

Sep 15, 2020 at 17:55 | Alex Kimani

The green energy revolution is well and truly underway. Renewables have proven to be highly resilient, emerging as the only energy sector to record any kind of growth…

Why GM’s Wireless Battery Could Be A Gamechanger

Sep 15, 2020 at 16:59 | Irina Slav

Batteries are a hot area of research, and it has only been getting hotter as the EV space begins to fill up with companies eager to stake their…

The Future Of Fracking In The United States

Sep 15, 2020 at 15:41 | David Messler

The recent combination of Schlumberger’s, (NYSE:SLB) OneStim business with Liberty Oilfield Service, (NYSE:LBRT) created a colossus in North American fracking. One estimate suggested…

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