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Energy

Bullish News Fails To Spark Rally In Oil Prices

Jul 16, 2020 at 16:44 | Nick Cunningham

Negotiations were relatively smooth, and OPEC+ did not deliver any major surprises when it agreed to ease the production cuts beginning in August. Widely expected, oil traders appeared…

Five Value Stocks In Natural Gas

Jul 16, 2020 at 15:52 | Alex Kimani

Over the past half decade, the natural gas sector has earned itself the dubious distinction as the place where money goes to die. Few sectors of the U.S.…

Smart Cities Will Revolutionize Energy Consumption After The Pandemic

Jul 16, 2020 at 15:40 | Tsvetana Paraskova

The coronavirus pandemic may have put many investment plans on hold, but it has also highlighted the global drive to sustainable living in energy-efficient cities. COVID-19…

Ireland Considers A Full Ban On Offshore Oil & Gas Drilling

Jul 16, 2020 at 12:55 | Viktor Katona

Europe has remained in the global forefront when it comes to willingly ceasing hydrocarbon exploration and extraction, fueled by a tangible political intent to make its energy mix greener and…

The Robinhood Phenomenon Is Fueling An Electric Vehicle Boom

Jul 16, 2020 at 12:03 | Alex Kimani

In the past, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk never hesitated to call it as it was whenever TSLA stock started overheating. But maybe he’s finally…

Iraq Slashes Oil Exports To Comply With OPEC Cuts

Jul 16, 2020 at 11:07 | Charles Kennedy

Iraq is cutting its oil exports as it seeks to achieve full compliance with its oil production quota under the OPEC+ agreement, Bloomberg has reported, citing unnamed sources from…

Rising Demand Leads To Record Refinery Runs In China

Jul 16, 2020 at 10:03 | Irina Slav

After some good news for oil exporters from China, there is now even better news about oil demand from the world’s top importer: Chinese refineries processed a record-high amount of…

OPEC Is Worried That Another COVID Wave Could Derail Oil Market Recovery

Jul 16, 2020 at 09:09 | Tsvetana Paraskova

OPEC may have to play its market-rebalancing act longer than initially intended as it is afraid that a second coronavirus wave would slow oil demand recovery, Reuters reported on…

Joe Biden Promises ‘Historic Investments’ In Clean Energy

Jul 15, 2020 at 17:34 | Nick Cunningham

Democratic presidential candidate Joe Biden proposed a $2 trillion clean energy and climate change package on Tuesday, a plan that would overhaul transportation,…

The Next Big Unknown For Oil Prices

Jul 15, 2020 at 16:54 | Tsvetana Paraskova

The pandemic is this year’s big unknown for the global oil markets and the global economy. The oil market is unlikely to be completely out of the woods…

Oil Prices Jump 2% On Bullish Inventory Data

Jul 15, 2020 at 16:49 | Julianne Geiger

Oil prices rose nearly 2% on Wednesday after a favorable U.S. inventory report from the Energy Information Administration (EIA), an OPEC agreement to taper the production cuts,…

Norway Eager To Boost Domestic Offshore Oil Investment

Jul 15, 2020 at 13:40 | Viktor Katona

Anxious and unsure as to when exactly will the COVID-induced recession come to an end, both current and future oil-producing nations have been having quite the hard time to define…

Shell’s Big Bet On Floating LNG May Be A Flop

Jul 15, 2020 at 13:15 | Irina Slav

It was the last of the large LNG projects that put Australia in the lead for global LNG exports. It was the biggest jewel in Shell's LNG crown.…

Commercial Energy Storage Reaches Major Milestone In The U.S.

Jul 15, 2020 at 12:05 | Haley Zaremba

The energy storage industry is booming. This is not new news -- the up-and-coming sector has been on a swift upward trajectory for quite a while, but now…

Sanctioned Oil Tanker Hijacked And Taken To Iran

Jul 15, 2020 at 11:01 | Tsvetana Paraskova

An oil tanker tied to a sanctioned Iranian individual and under arrest in UAE waters has recently left the UAE port in violation of a Prohibition to Sail notice and…

Oil Prices Rise On Bullish EIA Data

Jul 15, 2020 at 09:39 | Irina Slav

Crude oil prices rose higher today, after the Energy Information Administration confirmed the crude oil inventory draw reported earlier by the API. The EIA estimated U.S. crude oil inventories…

Saudi Arabia: OPEC+ To Ease Record Cuts From August

Jul 15, 2020 at 08:39 | Tsvetana Paraskova

The OPEC+ group is easing the record 9.7-million-bpd production cuts as of August as demand has started to recover, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said at…

Can OPEC+ Still Justify Its Deep Output Cuts?

Jul 14, 2020 at 17:18 | Nick Cunningham

OPEC+ compliance rose sharply in June, helping to tighten up the market. The improved compliance also boosted confidence and cohesion in the group’s collective effort ahead of a possible loosening…

Oil And Gas Drilling Set For A Multi-Decade Low In 2020

Jul 14, 2020 at 17:09 | Rystad Energy

The COVID-19 pandemic has stymied oil and gas activity, a phenomena which has now affected the drilling market both in terms of wells drilled and in terms of related demand…

New Tech Puts Lithium Batteries Back In The Energy Storage Race

Jul 14, 2020 at 16:43 | Tsvetana Paraskova

Researchers are in a race to find the ultimate energy storage solution, considering the rise of renewable energy generation and electric vehicle (EV) sales around the world.

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