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Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

U.S. supermajors ExxonMobil and Chevron,…

The Race for Green Hydrogen Dominance is Heating Up

The Race for Green Hydrogen Dominance is Heating Up

Countries worldwide are competing to…

Energy

Oil Prices Jump On Surprise Crude Inventory Draw

May 13, 2020 at 09:42 | Irina Slav

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8. This compared with…

Saudi Arabia Urges OPEC+ To Cut Oil Output Even Further

May 13, 2020 at 09:03 | Irina Slav

Saudi Arabia has urged its fellow OPEC members and their partners outside the cartel to cut deeper into their oil production to speed up the rebalancing of oil markets, Reuters 

Has Demand For Oil Already Peaked?

May 12, 2020 at 17:33 | Nick Cunningham

Oil prices continue to rise on the prospect of a rebound in fuel demand as economies begin to reopen.  But there is a large difference between…

The Oil Crisis Puts The Entire U.S. Economy At Risk

May 12, 2020 at 16:37 | Irina Slav

Job losses, well shut-ins, and bankruptcies have replaced the praise surrounding the shale oil boom that greatly enhanced America's energy independence and gave President Trump a reason to…

7 Oil Countries Hit Hard By The COVID-19 Crisis

May 12, 2020 at 15:26 | Alex Kimani

The coronavirus pandemic has rapidly evolved from a global health crisis to a financial one, upending industries, shuttering businesses, and sending financial markets reeling. Amid the crisis, the world's leading…

Trump Administration Approves Largest U.S. Solar Project Ever

May 12, 2020 at 14:08 | Tsvetana Paraskova

The U.S. Department of the Interior approved this week the biggest solar project in the United States ever—an estimated US$1-billion solar plus battery storage project in Nevada. Australia’s Quinbrook…

Tesla Fails To Take Advantage As China's Car Sales Rebound

May 12, 2020 at 14:04 | Jon LeSage

China is finally seeing its new vehicle sales go back up for the first time in nearly two years, with all segments, including electric cars bouncing back, while Tesla experienced…

Bullish Sentiment Is Creeping Back Into Oil Markets

May 12, 2020 at 12:21 | Josh Owens

The latest Global Energy Alert report on 'How To Profit From The Oil Market Crash' is an absolute must-read for everyone from crude oil traders to…

Aramco Earnings Plunge By 25% As Low Oil Prices Persist

May 12, 2020 at 12:08 | Tsvetana Paraskova

Saudi Aramco reported on Tuesday a net income of US$16.66 billion for the first quarter of 2020, down from net earnings of US$22.2 billion for Q1 2019, due to the coronavirus…

Some Shale Drillers Restart Shut-In Wells

May 12, 2020 at 11:05 | Irina Slav

Some shale oil companies in the United States have begun to reopen wells they had shut in earlier in response to the low oil prices, Energy Transfer said in a…

Oil Jumps After Saudi Arabia, UAE And Kuwait Pledge Deeper Cuts

May 12, 2020 at 10:07 | Tsvetana Paraskova

Oil prices rose early on Tuesday after OPEC's Middle East heavyweights pledged additional cuts, instilling hopes in the market that further production reductions could help accelerate the drawdown of the…

BP Boss: We May Have Already Hit Peak Oil Demand 

May 12, 2020 at 09:25 | Tsvetana Paraskova

One of the biggest oil companies in the world, BP, is not ruling out that the oil demand crash amid COVID-19 and perhaps the subsequent lasting change in people's lifestyle…

How U.S. Shale Can Survive The Oil Crash

May 11, 2020 at 16:16 | Morgan Bazilian & Brad Handler

The question regarding whether we have reached peak oil demand is a pressing concern for U.S. upstream activity. U.S. tight oil’s current cost structure, which generally requires ~$50/barrel

Why Young Professionals Are Steering Clear Of Oil & Gas

May 11, 2020 at 16:07 | Irina Slav

A career in oil used to be an attractive option for college students and high school grads alike. Oil and gas was one of the few industries where…

Oil Is Back In Demand As Drivers Return To The Roads

May 11, 2020 at 15:19 | Tsvetana Paraskova

From China and Spain to the United States, people are gradually returning to driving their cars as countries and U.S. states re-open for business. People feel safer commuting…

When Will The Next Oil Price Cycle Begin?

May 11, 2020 at 14:06 | Salman Ghouri

The world will soon bounce back from this pandemic, but the recovery will be rough and painful. The current low oil price environment will also come to an…

More Shale Giants Forced To Cut Production As Oil Price Crisis Persists

May 11, 2020 at 13:10 | Tsvetana Paraskova

The big oil production curtailment in the U.S. shale patch continues as more companies announced on Monday output reductions to protect their balance sheets in the face of unsustainably low…

A Once-In-A-Lifetime Warnings For Oil Investors

May 11, 2020 at 11:54 | Robert Rapier

Last week Royal Dutch Shell did something that would have been nearly unthinkable at the beginning of this year. The company cut its dividend

Goldman Sachs: Jet Fuel Demand Recovery Could Take Years

May 11, 2020 at 11:07 | Tsvetana Paraskova

While global oil demand is set to rebound with a V-shaped recovery, demand for jet fuel will continue to languish for at least another two years, cut by significantly reduced…

Will Shale Giant Chesapeake Go Bankrupt?

May 11, 2020 at 10:09 | Tsvetana Paraskova

U.S. shale gas pioneer Chesapeake Energy  said on Monday it was evaluating a Chapter 11 bankruptcy protection reorganization—along with other options--as the low oil and gas prices weigh heavily on…

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