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Gold Prices Show That Oil Is Still Cheap

Gold Prices Show That Oil Is Still Cheap

Why gold prices have historically…

Refiners Face Huge Long-Term Challenges

Refiners Face Huge Long-Term Challenges

Refiners are only just starting…

Energy

OPEC Sees Global Oil Demand Exceeding 100 Million Bpd In 2022

Jul 15, 2021 at 11:31 | Tsvetana Paraskova

World oil demand is expected to surpass the 100 million barrels per day (bpd) mark in the second half of 2022, thanks to solid economic growth and expectations of continued…

Oil Slips On Prospect Of Rising OPEC+ Supply

Jul 15, 2021 at 11:01 | Tsvetana Paraskova

Oil prices dropped early on Thursday as the market assesses the prospect of higher crude supply from the OPEC+ group after a reported compromise between key OPEC members Saudi Arabia…

Chinese Refineries Shatter Records In June

Jul 15, 2021 at 10:00 | Charles Kennedy

China’s refineries processed a record amount of crude oil last month, at 14.8 million bpd, up by 3.9 percent from May when run rates also broke records, Reuters reported, citing…

Goldman Bullish On Oil Despite Saudi-UAE Agreement

Jul 15, 2021 at 08:58 | Irina Slav

Goldman Sachs has reiterated its $80 price forecast for Brent crude despite reports that Saudi Arabia and the United Arab Emirates had reached a deal on oil production that…

The Conflict Within OPEC Is Far From Over

Jul 14, 2021 at 16:32 | Cyril Widdershoven

As expected, OPEC leaders Saudi Arabia and UAE have reached a so-called solution to the current export quota conflict.  For two weeks, the global oil market…

Wall Street Still Bullish On Emerging Markets Despite OPEC Rift

Jul 14, 2021 at 15:58 | Alex Kimani

A commonly heard refrain amongst investment circles is that emerging markets, or EMs, are no longer what they used to be over the past two decades. Coming out…

The Future Of Transportation: EV Stocks Could Fly This Summer

Jul 14, 2021 at 13:51 | Max Gibson

While the EV boom has been growing for years, 2021 could be the year electric starts to take over everything. And it could happen much sooner than most people realize,…

Kuwait Looks At Huge Wealth Fund To Move Beyond Oil

Jul 14, 2021 at 13:45 | Felicity Bradstock

Kuwait’s life-after-oil fund may have become one of the world’s biggest sovereign wealth funds thanks to the country’s healthy oil industry, as it continues to prepare for a…

Why The U.S. Is Desperate To Secure Influence In Oman

Jul 14, 2021 at 13:41 | Simon Watkins

Someone in the White House seems to have stumbled upon an atlas, seen where Oman is located, and worked out how crucial it is in the Middle East’s…

China's New Carbon Market Doubles Share Of World Emission Trading

Jul 14, 2021 at 13:27 | Tsvetana Paraskova

China, the world's largest polluter, is set to launch its nationwide emissions-trading system on Friday, sources with knowledge of the plans told The Wall Street Journal on Wednesday. China's…

How Venezuela's Oil Crisis Triggered Mass Protests In Cuba

Jul 14, 2021 at 12:59 | Tsvetana Paraskova

Cuba has seen in recent days the biggest protests in decades as thousands of people took to the streets in the Communist-run country…

EIA Inventory Report Sends Oil Prices Higher

Jul 14, 2021 at 10:34 | Irina Slav

Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report…

Oil Stabilizes After Saudi-UAE Compromise Removes Major Uncertainty

Jul 14, 2021 at 10:05 | Tsvetana Paraskova

Oil prices steadied on Wednesday morning before the EIA inventory report after a reported compromise between Saudi Arabia and the UAE over baseline production levels removed a major uncertainty that…

Oil Falls As Saudi Arabia And UAE Compromise On Deal

Jul 14, 2021 at 08:45 | Tsvetana Paraskova

Saudi Arabia and the United Arab Emirates (UAE) have resolved their nearly two-week-long standoff over baseline production levels that was blocking a unanimous OPEC+ deal on oil supply, a delegate…

The Discovery That Sparked A New Canadian Gold Rush

Jul 13, 2021 at 16:59 | Dennis Cogan

A junior mining company has just raised the stakes in our pick for the most exciting gold exploration play in Canada’s massive Quebec province. Just weeks after a reporting a…

The Refining Industry Is Struggling To Adapt To The Future

Jul 13, 2021 at 12:45 | Tsvetana Paraskova

The upstream oil and gas business is recovering from one of the worst slumps in recent memory as oil prices sit at around $75 per barrel and global…

Oil Price Volatility Spikes On OPEC+ Uncertainty

Jul 13, 2021 at 12:30 | Josh Owens

Growing uncertainty over the OPEC+ agreement and warnings from the IEA of another oil price war has caused volatility in oil markets to spike.

Oil Has Become The Hottest Commodity On Wall Street

Jul 13, 2021 at 12:17 | Irina Slav

Crude oil has been having a great 2021 so far—a very different situation to last year’s when the pandemic devastated demand for all commodities fueling a price rout…

Alaska’s Most Important Pipeline Faces An Existential Threat

Jul 13, 2021 at 12:15 | Felicity Bradstock

An area of thawing permafrost is threatening a stretch of a major Alaskan pipeline as the structure experiences damages from the changing weather.An 810-foot…

World’s Recoverable Oil Resources Shrinks By 9%

Jul 13, 2021 at 12:14 | Rystad Energy

Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the…

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