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Energy

The Biggest Problem For The Aramco IPO

Oct 11, 2019 at 17:39 | Simon Watkins

From almost the very moment in 2016 when Saudi Arabia first announced that it was to float its state-owned oil and gas behemoth, Saudi Aramco, in a dual domestic and…

Replacement Rate Hits 20-Year Low: Oil Industry Only Replaces 1 In 6 Barrels

Oct 11, 2019 at 17:38 | Rystad Energy

Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) year-to-date, according to Rystad Energy’s latest global discoveries report. “The industry is well on track to repeat…

Solar Storms Can Devastate Entire Civilizations

Oct 11, 2019 at 17:36 | Irina Slav

Climate has inarguably become a hot topic of discussion in developed economies over the last decade, and it is getting hotter by the day as study after study warn we…

Saudi Attacks Mark A New Era Of Warfare

Oct 11, 2019 at 17:35 | Global Risk Insights

The September 14 attack in eastern Saudi Arabia is unprecedented. A drone and missile strike claimed by Houthi rebels of Yemen damaged Saudi Arabia’s processing facility and oil field in…

Are Electric Vehicle Mandates Next On The Table?

Oct 11, 2019 at 17:31 | Robert Rapier

In my many discussions with ethanol proponents, they invariably push several narratives. Sometimes these narratives are sincere, but sometimes they are driven by glaring self-interest. Today I cover a quick way…

Unprecedented Blackouts And $6 Gasoline: California’s Energy Crisis

Oct 11, 2019 at 13:04 | ZeroHedge

Millions of Californians may have just suffered an unprecedented, induced blackout by the state's largest (and bankrupt) utility, PG&E, just so it isn't blamed for starting even…

Oil Jumps on Trade Hopes and Tanker Attack

Oct 11, 2019 at 12:52 | Tom Kool

Oil prices rose slightly on Friday morning following attacks on an Iranian oil tanker. (Click to enlarge) (Click to enlarge)…

Oil & Gas Rig Count Rises For The First Time In Eight Weeks

Oct 11, 2019 at 12:17 | Julianne Geiger

The US oil and gas rig count rose for the first time in eight weeks, according to Baker Hughes, increasing by just 1 for the week, according to Baker Hughes,…

Mini Trade Deal Could Be Huge Catalyst For Oil

Oct 11, 2019 at 12:03 | Editorial Dept

U.S. West Texas Intermediate futures are in a position to close higher for the week although trading inside last week’s range still suggests investor uncertainty and indecision. Furthermore, the price…

China’s Worrying Oil Vulnerability

Oct 11, 2019 at 12:01 | Editorial Dept

Friday October 11, 2019 1. China’s Middle East vulnerability- China is the largest oil importer in the world and its vulnerability lies…

A Worrying Sign For Oil Markets

Oct 11, 2019 at 12:00 | Editorial Dept

Market Movers - OPEC has once again revised downward its estimate for global oil demand growth for 2019. In its fourth downward revision in five months, OPEC now estimates that…

Economics Beats Politics: A Major Opportunity In Solar

Oct 11, 2019 at 11:59 | Editorial Dept

Given the current Presidential administration’s bias towards fossil fuels, solar power may seem like a strange place for investors to look for opportunities, but stocks in the industry have easily…

Oil Markets On Edge As Tensions Mount In The Middle East

Oct 11, 2019 at 11:56 | Editorial Dept

Oil prices got a slight 2% boost Friday when Iranians claimed that someone aimed suspected missiles at one of its oil tankers as it traversed the Red Sea, some 60…

Is This The World’s Newest Oil Benchmark?

Oct 11, 2019 at 11:01 | Irina Slav

Abu Dhabi, the oil producing member of the United Arab Emirates, has plans to take on global benchmarks Brent and West Texas Intermediate with its very own contract, Murban, Bloomberg…

Saudi Revenge? Iran Reports Oil Tanker Explosion

Oct 11, 2019 at 09:13 | Tsvetana Paraskova

Oil prices jumped early on Friday after Iran said that explosions hit one of its oil tankers off the Saudi port city of Jeddah in the Red Sea, damaging…

Largest Oil Traders: Oil Prices Aren’t Going Anywhere

Oct 10, 2019 at 17:50 | Tsvetana Paraskova

Oil prices are not going anywhere, at least until this time next year. Brent Crude will still trade range-bound in the $50s a year from now, the heads of…

How Much Energy Would It Take To Travel Through Time?

Oct 10, 2019 at 17:50 | Julianne Geiger

Star Trek has long been credited with being at the forefront of technological—or treknological—advances, conceptualizing and showcasing high-tech gadgetry and scientific advancements that decades later are either in progress or…

The Oil Company That Couldn't Afford Toilet Paper Now Wants To IPO

Oct 10, 2019 at 16:46 | Irina Slav

If someone had reported that Angola was preparing its state oil company for privatization three years ago, many would have laughed refused to believe it. In 2016, Sonangol was

Oil Giant Slashes Jobs Amid Shale Slowdown

Oct 10, 2019 at 15:37 | Nick Cunningham

Halliburton announced that it would lay off 650 workers across four U.S. states due to the slowdown in shale drilling. The oilfield services giant blamed “local market conditions” for…

The Two Most Powerful Oil Men On Earth Set Landmark Meeting

Oct 10, 2019 at 13:40 | Tsvetana Paraskova

Russian President Vladimir Putin will discuss the production cut pact that OPEC and its Russia-led allies have been implementing for nearly three years now during his first visit in more…

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