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Energy

COVID-19 Set To Hasten UK Ban On Sales Of Gasoline And Diesel Cars

Jul 07, 2020 at 12:41 | Tsvetana Paraskova

The pandemic is hitting hard economies worldwide, but it is also an opportunity to jumpstart an economic recovery to achieve the net-zero emission ambition of the United Kingdom,…

Venezuela’s Oil Riches Are Quietly Falling Under Russian Control

Jul 07, 2020 at 12:03 | Matthew Smith

For decades during the Cold War, Latin America was a focal point of conflict between the two superpowers, the U.S. and Soviet Union. While the U.S. emerged victorious…

Third Major Blow For Pipelines: Keystone XL Project Stays Blocked

Jul 07, 2020 at 09:47 | Tsvetana Paraskova

In the third major blow to oil pipelines in just two days, the U.S. Supreme Court ordered on Monday that construction of the long-delayed and once-resurrected Keystone XL project cannot begin.…

Top Energy Analyst Sees Oil Prices Soaring To $66 In 2021

Jul 07, 2020 at 08:58 | Tsvetana Paraskova

The recovery in oil demand and the less-than-feared demand destruction earlier this year will support oil prices next year when producers will be playing…

China Inks Military Deal With Iran Under Secretive 25-Year Plan

Jul 06, 2020 at 17:25 | Simon Watkins

Last August, Iran’s Foreign Minister, Mohammad Zarif, paid a visit to his China counterpart, Wang Yi, to present a roadmap on a comprehensive 25-year China-Iran strategic partnership that built upon…

Apple’s “Holy Grail Of Data” Leaves Oil Traders Disappointed

Jul 06, 2020 at 16:01 | Tsvetana Paraskova

If there was anything certain to come out of the COVID-19 pandemic, it is that the oil market and its participants are struggling to guesstimate how long overall…

Two Major U.S. Pipeline Projects Face Cancelation

Jul 06, 2020 at 15:58 | Nick Cunningham

In the span of 24 hours, a major natural gas pipeline was cancelled and a judge ordered the Dakota Access Pipeline shut down.  Just days after…

China’s June Crude Oil Imports Hit Record High

Jul 06, 2020 at 14:20 | Julianne Geiger

China’s crude oil imports in June hit a record high, according to a market analysis by OilX Research, in a sign that China’s thirst for crude oil is not being…

Oil Demand To Rebound Despite Spike In COVID-19 Cases

Jul 06, 2020 at 13:45 | Yousef Alshammari

Despite the continued bearish sentiment, oil markets saw a bit of support over the past week, resulting from the sharp decline in the crude oil inventories as reported by the…

Oil Giant Considers Drastic Move As Pandemic Persists

Jul 06, 2020 at 12:04 | Charles Kennedy

Anglo-Dutch oil major Shell is not ruling out the possibility of moving its headquarters to the UK, the group's chief executive Ben van Beurden told Dutch business newspaper Het Financieele…

Will Argentina's Oil Industry Survive This Crisis?

Jul 06, 2020 at 11:04 | Viktor Katona

Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and Texas’ shale deposits in general. Providing…

Saudi Arabia Hikes Oil Prices For The Third Consecutive Month

Jul 06, 2020 at 09:27 | Tsvetana Paraskova

Brent oil prices rose early on Monday after Saudi Arabia raised its oil price for a third consecutive month, signaling recovering demand. As of 9:26 a.m. EDT on Monday, Brent…

Oil Price Crash Causes Major Recession In Russia

Jul 06, 2020 at 09:03 | Tsvetana Paraskova

The oil price crash that Russia helped create, along with the coronavirus-driven global recession, will result in Russia’s economy shrinking this year by the most in 11 years, the World…

Second Covid Wave Could Send Oil Prices Into “Tailspin”

Jul 03, 2020 at 16:58 | Nick Cunningham

Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the coronavirus across the…

5 Signs That Record Oil Imports From China Won’t Last

Jul 03, 2020 at 16:57 | Viktor Katona

The recent turnaround in oil market sentiment was to a large extent due to China showing signs of demand recovering back to normalcy. May 2020 witnessed the highest-ever…

Who Will Get Full Control Of Libya’s Oil Riches?

Jul 03, 2020 at 16:46 | Charles Kennedy

We are now at a crossroads in Libya where a military solution is temporarily off the table, as factions and their external allies wrangle over oil revenues--the distribution…

Tesla’s Ambitious Plan To Ditch Cobalt

Jul 03, 2020 at 16:41 | Haley Zaremba

Lithium-ion batteries have proven to be a key link in global supply chains, placing these unassuming electronics at the crux of the future of electric vehicle markets around…

Europe's Leaked Hydrogen Strategy Is Very Ambitious

Jul 03, 2020 at 16:41 | Alan Mammoser

In the panorama of renewable energy technologies, hydrogen’s potential is seen in several sectors. It is what the IEA calls an ‘integration’ technology. It promises to play a…

How Tesla Became More Valuable Than Exxon

Jul 03, 2020 at 16:38 | Alex Kimani

It is now becoming increasingly clear that the world’s most popular electric vehicle manufacturer is an all-weather play that simply will not stop. Tesla Inc. (NASDAQ:…

Moscow Backs Russia's Fastest Moving Energy Company

Jul 03, 2020 at 16:37 | Viktor Katona

The COVID-induced recession that has brought oil and gas prices down to levels that are painful enough for most if not all major producers. In Russia the crisis…

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