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Breaking News:

The Mysterious Origins Of Lithium

Energy

Supermajors Are Flocking To This Booming Oil Frontier

Jun 30, 2020 at 17:00 | Charles Kennedy

Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic - of offshore Guyana fame…

Big Oil’s Nightmare Is Coming True

Jun 30, 2020 at 16:45 | Nick Cunningham

Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as…

Lithium Prices Are Set To Rally

Jun 30, 2020 at 15:00 | Irina Slav

Lithium used to be a frequent headline-hogger when the EV revolution first began, with all sorts of analysts expecting the metal’s price to skyrocket as the world wanted…

Oil Markets On Edge As Second Wave Hits

Jun 30, 2020 at 12:28 | Josh Owens

Oil is in the midst of a tug-of-war, with accelerating COVID-19 transmissions and a recovery in demand pulling prices in all directions. (Click to…

Aramco CEO Says The Worst Is Over For Oil

Jun 30, 2020 at 12:27 | Tsvetana Paraskova

The worst in the oil market is over, Amin Nasser, president and CEO of the world’s biggest oil company, Saudi Aramco, says, adding that he is “very optimistic” for the…

Why The World’s Central Banks Aren’t Fully Sold On Renewables

Jun 30, 2020 at 11:07 | Alex Kimani

With the global economy reeling, millions of jobs permanently destroyed, and more than half a million people dead, it’s hard to find anything positive…

Alberta Lays Out Plan To Recover From Oil Price Collapse

Jun 30, 2020 at 10:27 | Irina Slav

Alberta's Conservative government is taking steps to jumpstart an economic recovery with a blueprint it released yesterday, which involves billions in infrastructure investment and a tax cut, among other measures. Under…

Libya's Oil Blockade Could Soon Come To An End

Jun 30, 2020 at 09:57 | Irina Slav

The leaders of groups affiliated with the Libyan National Army have offered to lift a blockade on oil export terminals that started in January and has so far cost the…

Shell Warns Of Massive $22 Billion Write Down After Oil Crash

Jun 30, 2020 at 09:08 | Tsvetana Paraskova

Royal Dutch Shell warned on Tuesday it could take as much as a $22-billion post-tax impairment charge for Q2, becoming the latest oil major warning of a massive write-down…

Second COVID Wave In China Could Upend Crude Recovery

Jun 29, 2020 at 17:26 | Simon Watkins

As the world’s largest net importer of crude oil and other liquids since September 2013, any significant variation in Chinese demand for oil resonates quickly and profoundly in global oil…

How The Fed Bailed Out U.S. Oil And Gas

Jun 29, 2020 at 17:08 | Nick Cunningham

The Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry, such as opening new lands for leasing, watering down…

Colombia Is An Overlooked Victim Of The Oil Price War

Jun 29, 2020 at 17:02 | Matthew Smith

The considerable optimism surrounding oil at the end of 2019, when Brent was trading at $68 a barrel has turned sour. The demand shock triggered by the coronavirus…

Tighter Markets End Lucrative Oil Trade

Jun 29, 2020 at 15:55 | Tsvetana Paraskova

From a super contango in April, the Brent Crude futures curve has flattened and flipped to backwardation for the nearest months, wiping out was is seen as one…

OPEC+ Is Still Producing Too Much Oil

Jun 29, 2020 at 14:58 | Charles Kennedy

OPEC further restricted its oil production in June compared to May as it aims to withhold a record volume of supply from the market together with its non-OPEC allies led…

Fossil Fuels Make Up 84 Percent Of The Global Energy Market

Jun 29, 2020 at 14:02 | Robert Rapier

This week BP released its Statistical Review of World Energy 2020. The Review covers energy data through 2019, and provides a comprehensive picture of…

U.S. Commercial Crude Oil Stocks Hit Record High

Jun 29, 2020 at 12:57 | Charles Kennedy

The United States held a record-high level of commercial crude oil inventories as of the week to June 19 following the collapse in demand in the lockdown and the slow…

Iraq Set To Fall Short Of Ambitious OPEC+ Targets

Jun 29, 2020 at 11:55 | Rystad Energy

Iraq produced more than 650,000 barrels per day (bpd) above its target output level in May and is now being asked to make up for its non-compliance…

Suppliers Fight For Dominance In This Crucial Gas Market

Jun 29, 2020 at 11:06 | Viktor Katona

Europe’s Mediterranean region is emerging as Europe’s main front of commercial rivalry – natural gas producers that rely on pipeline supplies and utilize primarily oil-indexed or hybrid-pricing terms are taking…

Chinese Oil Majors Could Form A Powerful Buyers Club

Jun 29, 2020 at 10:00 | Irina Slav

China’s state-owned oil companies—Sinopec, CNOOC, PetroChina, and Sinochem—are discussing an arrangement to buy crude oil together instead of individually, to avoid bidding wars and gain more bargaining power, unnamed sources…

Shale Giant Chesapeake Files For Bankruptcy

Jun 29, 2020 at 09:10 | Irina Slav

Chesapeake Energy has filed for Chapter 11 bankruptcy protection, the company said to day, adding that it had signed a restructuring support agreement with creditors. The restructuring support agreement, which…

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