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Fossil Fuel Companies Face Mounting Legal Challenges

Fossil Fuel Companies Face Mounting Legal Challenges

Lawsuits against big oil companies…

$2-Trillion Funding Gap Casts Shadow over Energy Transition

$2-Trillion Funding Gap Casts Shadow over Energy Transition

Blackrock's Michael Dennis said that…

Energy

Major Bank Sees Abysmal Demand Growth For Oil

Feb 26, 2020 at 16:51 | Nick Cunningham

Oil prices could bounce around between $50 and $70 through 2025, with both demand growth and supply growth slowing, according to a new report. The oil market faces a steep…

U.S. Crude Too Pricey For Asian Markets

Feb 26, 2020 at 14:47 | Tsvetana Paraskova

Slumping Asian oil demand amid the coronavirus outbreak has led to a sharp drop in Middle Eastern and Asian regional crude prices, while prices for rival U.S. WTI Midland grade…

The World’s Largest Oil Companies Are At A Crossroads

Feb 26, 2020 at 13:45 | Vanand Meliksetian

The global oil and gas market was once dominated by a select group of Western energy companies called “The Seven Sisters”. The unparalleled influence of these International Oil Companies…

More Than A Dozen Saudi Oil Firms Book Hefty Losses In 2019

Feb 26, 2020 at 13:02 | Tsvetana Paraskova

A total of 14 Saudi companies in the energy sector booked hefty losses last year, Middle East Monitor reported on Wednesday, quoting analysts who had spoken to local media.…

The Rise Of Resource Nationalism

Feb 26, 2020 at 11:33 | Kurt Cobb

It wasn't supposed to be this way. The fall of the Berlin Wall was to bring about one, integrated world market where goods and services freely traversed borders without the…

Schlumberger Chief: Crazy Shale Growth Is A Thing Of The Past

Feb 26, 2020 at 10:57 | Julianne Geiger

The crazy rate of production growth seen in US shale over the last five years is a thing of the past, Schlumberger CEO Olivier Le Peuch told Reuters on…

Oil Prices Bounce Back On Bullish EIA Data

Feb 26, 2020 at 09:39 | Irina Slav

Crude oil prices inched higher on Wednesday morning after the Energy Information Administration reported an inventory build of 500,000 barrels for the week to February 21. Gasoline stockpiles, however,…

Oil Prices Extend Losses As Market Fears Pandemic

Feb 26, 2020 at 09:16 | Tsvetana Paraskova

Oil prices tumbled for a fourth consecutive day early on Wednesday, as the coronavirus continues to claim lives in Italy and spreads to the Middle East, while U.S. health officials…

Shale Decline Inevitable As Oil Prices Crash

Feb 25, 2020 at 17:34 | Nick Cunningham

The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian. Financing stress has plagued the shale sector for…

Big Money Still Loves Oil & Gas

Feb 25, 2020 at 16:58 | Tsvetana Paraskova

The entire oil and gas industry and its investors are seriously reassessing the value of their beloved fossil fuels in the context of a major energy transition. But don’t be…

Oil Is Now More Volatile Than Bitcoin

Feb 25, 2020 at 16:48 | Alex Kimani

You know that the oil markets have truly gone to the dogs when they are suddenly riskier than one of the world’s most volatile commodities: bitcoin.   Bitcoin and most cryptocurrencies…

China Floods The Market With Fuel As Coronavirus Shatters Local Demand

Feb 25, 2020 at 14:12 | Tsvetana Paraskova

China’s fuel exports are booming amid battered domestic demand due to the coronavirus outbreak, analysts and trade sources tell Reuters as higher Chinese exports flood the Asian market, which…

Supersizing The Solar Industry

Feb 25, 2020 at 13:58 | Haley Zaremba

There’s a new trend in solar energy projects, and it seems to be the staunch belief that bigger is better. As the pressure mounts around the world to decarbonize the…

Oil Falls Below $50 On Demand Fears

Feb 25, 2020 at 13:31 | Tom Kool

If you haven't received our latest Global Energy Alert report, I strongly recommend you sign up today and get access to the entire collection of trading analysis,…

Saudi Arabia: OPEC Should Pay Serious Attention To Coronavirus

Feb 25, 2020 at 12:40 | Tsvetana Paraskova

The OPEC+ group should not be complacent about the impact of the coronavirus outbreak on oil demand, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told reporters on Tuesday,…

Coronavirus Punches Hole In Oil Market That OPEC Can’t Fix

Feb 25, 2020 at 11:50 | Liubov Georges

The coronavirus epidemic is a black swan that has severely disrupted the outlook for the global oil market, and at this moment it remains unclear how large the destruction in…

No Financing And No Demand: Chinese Refiners Run Into Trouble

Feb 25, 2020 at 10:16 | Irina Slav

International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic, Reuters reports, citing industry…

Oil Falls To $50 As Sentiment Sours

Feb 25, 2020 at 09:28 | Tsvetana Paraskova

Oil prices erased Asian-trade-hours gains and lost 1 percent early on Tuesday in search of direction as fears of additional demand destruction amid the coronavirus outbreak continue to weigh on…

Oil Tanks On Fears Of Global Economic Crisis

Feb 24, 2020 at 16:56 | Nick Cunningham

Global equities fell sharply on Monday as fears over the spread of the coronavirus spiked once again, with new cases spreading beyond the borders of China. The Dow Jones plunged…

3 Energy Sectors Most Threatened By The Coronavirus

Feb 24, 2020 at 16:46 | Alex Kimani

At a time when the energy sector is weighed down by debt and reeling from low commodity prices, American energy producers are now bracing for the biggest demand shock to…

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