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Energy

Hedge Funds Selling In Oil Slows Down For Third Week

Feb 24, 2020 at 12:04 | Tsvetana Paraskova

Money managers continued to liquidate long positions in oil futures as the coronavirus outbreak batters oil demand, but the pace of selling slowed down again last week, for a third…

Aramco To Invest $110 Billion In Huge Gas Field

Feb 24, 2020 at 11:40 | Irina Slav

Aramco plans to invest $110 billion in the development of the Jafurah gas field that is estimated to hold some 200 trillion cu ft of gas, the Saudi press Agency…

Oil Prices Tumble 4% As Coronavirus Demand Shock Spreads

Feb 24, 2020 at 09:20 | Tsvetana Paraskova

Oil prices plummeted by 4 percent early on Monday as the coronavirus spread outside China and Asia, rekindling fears that a protracted global outbreak would impact economic growth and oil…

Is Tesla Really The Emerging ‘Energy King’?

Feb 21, 2020 at 17:41 | Alex Kimani

About 22 months ago, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk fired an ominous warning that the shorts were about to experience ‘the short burn of the century.’ The heads-up…

Two Innovations That Could Make CO2 Fuel A Reality

Feb 21, 2020 at 17:37 | Irina Slav

Carbon capture technology has been garnering more and more attention as one way to solve the world’s human-made emissions problem, but costs remain an obstacle. But another technology might help:…

UAE’s Latest Natural Gas Discovery Is A Gamechanger

Feb 21, 2020 at 17:37 | Vanand Meliksetian

The Persian Gulf is, without doubt, the most prominent oil and gas production area in the world. After decades of intensive exploration and production, the region still amaze persistent explorers.…

The Complete Guide To FID’s

Feb 21, 2020 at 17:37 | Editorial Dept

When joint ventures, company consortia, or public-private partnerships plan massive energy projects, they must go through several stages of planning and execution. One of the most important steps of this…

Big News For U.S. Solar As Job Growth Returns

Feb 21, 2020 at 17:36 | Tsvetana Paraskova

After two underwhelming years of solar job contraction in the United States, the solar industry’s employment returned to growth in 2019, thanks to an expansion in U.S. solar installations. The…

Two Abundant Elements That Could Create A Superbattery

Feb 21, 2020 at 17:23 | Alex Kimani

For decades, scientists have been on the prowl for advanced battery materials with features such as superior energy density or those that confer extra-long battery life leading to such futuristic…

Why Venezuela’s Oil Based Cryptocurrency Is Still Alive

Feb 21, 2020 at 17:18 | ZeroHedge

In a recent Wall Street Journal article, Mary Anastasia O’Grady writes that Venezuela’s “National Superintendency for the Defense of Socio-Economic Rights is reportedly pressuring stores to accept the government’s new digital fiat…

Nigeria’s Terrible Oil Decision

Feb 21, 2020 at 17:15 | Viktor Katona

Nigeria has adopted the Finance Act 2020. A step which unacquainted with the phenomenon might seem completely innocent yet poses great risks to the future of Africa’s largest oil producer.…

Drivers To Start Ditching Gasoline Cars for EVs As Early As 2025

Feb 21, 2020 at 17:10 | Tsvetana Paraskova

Car buyers in the United States and major European economies expect improved infrastructure and range of battery electric vehicles (BEVs) to convince them to choose buying an electric car over…

Oil Prices Fall As OPEC+ Refuses To Act

Feb 21, 2020 at 12:36 | Tom Kool

Oil prices fell on Friday as OPEC+ decided not to move its March meeting forward while Russia indicated that it currently has no intentions to cut production further.

Oil Rig Count Inches Higher In Coronavirus Plagued Markets

Feb 21, 2020 at 12:12 | Julianne Geiger

Baker Hughes reported that the number of oil and gas rigs in the US rose this week by 1 to 791, with the total oil and gas rigs clocking in…

Oil Won’t Stage A Meaningful Rally Until This Happens

Feb 21, 2020 at 11:45 | Editorial Dept

Crude oil futures are trading higher for the week, but Friday’s steep sell-off is threatening to erase all of those earlier gains. After reaching a one-month high on Thursday, prices…

OPEC Won’t Be Rushed By Coronavirus Fears

Feb 21, 2020 at 11:44 | Editorial Dept

Market Movers - The predominant theme in the oil markets is still the coronavirus and its effects on oil demand. This week, traders were waiting to hear whether Russia would…

Is Oil's Rally Already Over?

Feb 21, 2020 at 11:43 | Editorial Dept

Last week, I wrote in these pages that I expected a bounce in crude oil. After a dramatic decline since the beginning of the year, WTI futures looked to have…

The Fate Of Libyan Oil Hangs In The Balance

Feb 21, 2020 at 11:42 | Editorial Dept

Haftar Waiting Out Another Turkish Misstep in Libya Last week, international media said that Libyan oil production had dropped to just under 164,000 bpd. Less than a week later, on…

The 3 OPEC Countries Considering Deeper Output Cuts

Feb 21, 2020 at 10:44 | Tsvetana Paraskova

Saudi Arabia and its Gulf Arab neighbors and large fellow OPEC producers the United Arab Emirates (UAE) and Kuwait are discussing this week a potential joint oil production cut of…

Oil Trading Giant Sees Oil Price Recovery Later This Year

Feb 21, 2020 at 09:21 | Irina Slav

Commodity trading major Vitol said it expected oil prices to recover later this year once the effect of the coronavirus epidemic wanes, Bloomberg reported, citing the company’s chief executive.…

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