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Energy

OPEC+ Output Cuts Increasingly Important For Oil Market Recovery

Sep 09, 2020 at 12:04 | Yousef Alshammari

Despite a moderate price rebound on Wednesday, oil markets have been under significant pressure since last week. Brent prices closed the week at $42.66, down by 6.88% w/w, while…

Saudi Economic Outlook Sours After Oil Price Crash

Sep 09, 2020 at 11:02 | Tsvetana Paraskova

Saudi Arabia’s economic outlook for this year remains uncertain amid the pandemic-driven economic slowdown and the collapse in oil prices that led to the Kingdom slashing its oil production as…

China Set To Debut “Next Gen” Nuclear Power Plant

Sep 09, 2020 at 10:03 | ZeroHedge

Bill Gates better hurry up and build those "homegrown" nuclear reactors across the Pacific Northwest, because China is already on track to outpace the US in applying the newest generation…

Embattled Dakota Access Pipeline To Start Operating Next Year

Sep 09, 2020 at 09:00 | Irina Slav

An expanded Dakota Access pipeline could go into operation by the third quarter of next year, Energy Transfer said in an investor presentation. The embattled project, which aims to…

Oil Markets Get A Major Reality Check As Demand Sours

Sep 08, 2020 at 18:01 | Julianne Geiger

A recovery in jet fuel, gasoline, and crude oil demand is the one thing standing in the way of drawing down the existing inventory glut for crude and…

Oil’s Luck Runs Out As Driving Season Ends

Sep 08, 2020 at 16:55 | Irina Slav

This year’s driving season was a disappointment for those who hoped and expected it to pull oil prices higher, helped by the pandemic that, those optimists reasoned, would…

Trump's Drilling Ban Bombshell Rocks Oil Industry

Sep 08, 2020 at 16:44 | Julianne Geiger

U.S. President Donald Trump shocked the oil industry today with a surprise announcement that he would extend the existing moratorium on oil drilling on parts of Florida’s, South Carolina’s, and…

Russian Fuel Oil Is A Hit In The U.S.

Sep 08, 2020 at 15:10 | Viktor Katona

The issue of US-Russia energy ties has been enjoying a bit of media spotlight as President Trump accused Democrats in New England of purchasing Russian crude to the…

Why Australia’s COVID Recovery Should Focus On Gas

Sep 08, 2020 at 14:37 | Vanand Meliksetian

Australia is blessed with large mineral and energy deposits. The rise of China and its insatiable appetite for iron ore and energy, two of Australia's main export products,…

Oil Prices Crash On Weak Demand

Sep 08, 2020 at 13:04 | Josh Owens

Oil prices crashed at the start of the week, with fears about global oil demand and a weak stock market being the main catalysts. 

Fitch Cuts Long-Term WTI Oil Price Outlook To $50

Sep 08, 2020 at 12:17 | Tsvetana Paraskova

Fitch Ratings has lowered its long-term price assumption for West Texas Intermediate to $50 from $52 a barrel expected earlier, to reflect fragile market balances, inventory overhangs, lower breakevens, and…

Nikola Teams Up With GM In Game-Changing $2 Billion Deal

Sep 08, 2020 at 10:59 | Tom Kool

EV markets continue to grab the headlines this week as Tesla competitor Nikola (NASDAQ:NKLA) announced that it had teamed up with GM (NYSE:GM) to produce its much-hyped Badger…

Global Oil Demand To Return To Pre-Crisis Levels In Three Years

Sep 08, 2020 at 10:02 | Tsvetana Paraskova

It will take three years for global oil demand to rebound to pre-pandemic levels, as jet fuel consumption continues to trend much lower than last year’s levels, according to Bank…

Oil Prices Tank On Global Demand Concerns

Sep 08, 2020 at 08:59 | Tsvetana Paraskova

Oil prices plunged on Tuesday morning, with the Brent benchmark sliding to $40 a barrel, as the market looks increasingly concerned that oil demand recovery is faltering with the end…

Big Oil Sees Major Potential In Suriname

Sep 07, 2020 at 17:31 | Matthew Smith

Suriname is one of Latin America’s poorest countries. Up until July 2020, the former Dutch colony was mired in a political crisis that emerged from the hotly contested…

Why Does Trump Want To Regulate Sustainable Investing?

Sep 07, 2020 at 15:29 | Tsvetana Paraskova

While asset managers and investors increasingly emphasize sustainable investment in their criteria for investing in funds and equities, the Trump Administration is proposing a rule that would limit…

Colombia’s Oil Industry Is Showing Signs Of Recovery

Sep 07, 2020 at 14:23 | Matthew Smith

While the August 2020 global rig count remains significantly lower than for the same period last year, because of oil’s protracted price slump, Colombia’s economically crucial petroleum industry…

Do Oil Market Fundamentals Justify $40 WTI?

Sep 07, 2020 at 13:35 | Osama Rizvi

Oil prices have been locked in the current price range for months now, with price volatility dropping drastically. It seemed that only inventory reports, OPEC’s compliance rate, and…

The Complete Breakdown Of Russian Output Cuts

Sep 07, 2020 at 12:06 | Kirill Rodionov

The OPEC+ deal, concluded in April amid falling global demand, may lead to a double-digit decline in Russian crude oil production for the first time in more…

IEA: Oil Demand Recovery Has Stalled

Sep 07, 2020 at 10:03 | Tsvetana Paraskova

The International Energy Agency (IEA) joined the chorus of analysts saying that the pace of global oil demand recovery has stalled in recent weeks on the back of weak refining…

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