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Energy

East Coast Oil Refiners At Risk As Tropical Storm Isaias Approaches

Aug 05, 2020 at 09:03 | Charles Kennedy

Tropical storm Isaias is threatening critical oil infrastructure along the U.S. East Coast as it barrels towards the Northeast, Bloomberg reports, noting that the risk has pushed up regional…

Oil Rallies Despite String Of Bearish News

Aug 04, 2020 at 17:49 | Irina Slav

On Monday, OPEC’s relaxation of its historic production cuts began—and oil prices responded by falling as the market braced for more oil. Monday morning’s price slide…

Oman Counters Chinese Influence With Two New Energy Megaprojects

Aug 04, 2020 at 16:09 | Simon Watkins

Like many Middle Eastern countries in the catastrophic aftermath of Saudi Arabia’s latest oil price war folly against the U.S. shale sector, Oman has been left in the…

What Will The Post-Pandemic Shale Patch Look Like?

Aug 04, 2020 at 14:49 | Julianne Geiger

The global coronavirus pandemic--a true black swan event--has altered the course of the entire oil and gas industry, and not even the mighty US shale industry will emerge…

Oil Prices Climb Despite Growing Demand Fears

Aug 04, 2020 at 12:27 | Josh Owens

Oil prices were up on Tuesday morning, despite the fact that new projections of oil demand destruction in 2020 are very bearish

Tesla Prepares Massive Retail Expansion Worldwide

Aug 04, 2020 at 11:31 | Charles Kennedy

Tesla looks to significantly expand its retail and sales presence in North America, China, and other countries, as it is gearing up for increased sales over the next years, Electrek…

U.S. Natural Gas Assets Are Selling For Pennies On The Dollar

Aug 04, 2020 at 11:05 | Charles Kennedy

Range Resources has agreed to sell its North Louisiana natural gas assets for just one-tenth of what it paid for it in 2016, as shale drillers struggle with high debt…

IMF: Global Oil Demand Will Shrink By 8% In 2020

Aug 04, 2020 at 10:02 | Tsvetana Paraskova

The coronavirus crisis will lead to global oil demand dropping by around 8 percent this year compared to last year, the International Monetary Fund (IMF) said in a new report,…

Low Oil Prices Force BP To Slash Dividends

Aug 04, 2020 at 09:15 | Tsvetana Paraskova

For the first time since the Deepwater Horizon disaster in 2010, BP (NYSE: BP) slashed its dividend, halving the payout to shareholders after reporting a US$16.8-billion loss for…

Despite Official Reports, China Has Been Hoarding Iranian Crude Oil

Aug 03, 2020 at 17:15 | Simon Watkins

A number of high-profile reports last week cited data released on 26 July by China’s General Administration of Customs (GAC) as clear evidence that China did not import…

U.S. Shale Faces Another Round Of Bankruptcies

Aug 03, 2020 at 16:39 | Irina Slav

More than thirty billion dollars: this is the size of the collective debt of oil and gas companies that filed for bankruptcy protection in the first half of…

South Sudan Struggles To Boost Its Oil Production

Aug 03, 2020 at 16:38 | Viktor Katona

The youngest internationally recognized nation on earth, South Sudan’s relationship with its oil and gas reserves has been troubled and ambivalent – ever since its first day of existence oil…

Is Hydrogen The Future For U.S. Power Companies?

Aug 03, 2020 at 15:48 | Alex Kimani

Last month, the European Union set out a comprehensive hydrogen strategy as part of its goal to achieve carbon neutrality for all its…

Is This The Beginning Of A Nuclear Power Race In The Gulf States?

Aug 03, 2020 at 14:01 | Tsvetana Paraskova

One of the world’s largest oil producers and exporters, the United Arab Emirates (UAE), has just launched the first nuclear power plant in the Arab world. 

Why Natural Gas Prices Just Exploded

Aug 03, 2020 at 13:10 | Julianne Geiger

The weather is going to be hot after all in the short term, forecasts now predict. That prediction sent natural gas prices soaring on Monday by nearly 20 percent as…

Biden Can’t Save U.S. Coal, But He Can Help The Miners

Aug 03, 2020 at 12:56 | Leonard Hyman & William Tilles

Margaret Thatcher hated the UK’s coal miners and especially their union. A series of brutal strikes divided the nation during her regime. But when the time came to…

U.S. Oil Production Won’t Make A Comeback Under Current Prices

Aug 03, 2020 at 12:17 | Yousef Alshammari

Oil prices remain stable despite rising pressure over the last week. Economic data from the United States fueled bearish sentiment despite encouraging data from the EIA. The U.S.…

Russian Oil Output Falls 16% In July

Aug 03, 2020 at 11:06 | Irina Slav

Russian oil companies pumped 16 percent less oil last month than a year earlier, government data reported by Interfax showed. At 39.63 million tons, Russia’s average daily output for…

Oil Prices Rise Despite An Influx Of OPEC+ Crude

Aug 03, 2020 at 10:06 | Tsvetana Paraskova

Oil prices jumped on Monday morning, recuperating earlier losses, on the first trading day after OPEC+ eased its record oil production cuts by 2 million barrels per day (bpd), while…

Vitol Employees And Execs See Massive $2.2 Billion Payday

Aug 03, 2020 at 09:11 | Charles Kennedy

Commodity trading giant Vitol bought back shares worth $2.2 billion from its top 350 executives and employees who are the owners of the company, Bloomberg reported, noting this brings…

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