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Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

U.S. supermajors ExxonMobil and Chevron,…

WTI Finds Support After Sell Off Suddenly Halts

WTI Finds Support After Sell Off Suddenly Halts

WTI crude found resistance at…

Lithium Faces Challenge From Sodium Batteries

Lithium Faces Challenge From Sodium Batteries

Lithium-ion has been the dominant…

Energy

New Offshore Boom Is Propping Up This Niche Market

Aug 13, 2019 at 10:36 | Rystad Energy

The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a…

Heat Wave Pushes Texas Power Demand To Record-High

Aug 13, 2019 at 09:30 | Irina Slav

Unusually high temperatures caused a surge in power consumption in Texas yesterday and could continue driving record consumption today as well, as weather forecasts point to even…

Saudis Consider All Options Amid Oil Price Slide

Aug 12, 2019 at 17:20 | Nick Cunningham

Last week, oil prices were in free fall, but all it took was a simple rumor to halt the meltdown. WTI was just a whisker away from sub-$50 territory, and…

Why Gold Prices Are About To Skyrocket Even Higher

Aug 12, 2019 at 14:57 | Charles Kennedy

The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. But there is one key trend…

Texas Crude Is Fetching Better Prices

Aug 12, 2019 at 14:43 | Nick Cunningham

Several major oil pipelines connecting West Texas to the Gulf Coast are set to come online in the next few weeks and months, allowing more Permian oil to hit the…

Middle East Oil, Carmakers Face Very High Cybersecurity Risk

Aug 12, 2019 at 14:16 | Jon LeSage

The threat of hackers on human lives, breached data, and system shutdowns, are being taken very seriously by automakers and oil and gas companies. Security and energy experts have been…

Iran Looks To Reduce Dependence On Oil To Zero

Aug 12, 2019 at 12:33 | Irina Slav

Iran will restructure its budget in a way that should reduce the country’s dependence on oil revenues to zero, a senior government official told Mehr news agency. “Given the…

Will Shale Rise From The Dead?

Aug 12, 2019 at 11:57 | Kurt Cobb

A flurry of coverage about the gloom and outright calamity in the shale oil business appeared last week. Low prices continue to dog the industry. But so does lack of…

Saudi Aramco’s First Ever Disclosure Shows $47 Billion Profit

Aug 12, 2019 at 10:57 | Tsvetana Paraskova

Saudi Aramco announced for the first time financial results on Monday, reporting a net income of US$46.9 billion for the first half of 2019, down by 12 percent from…

The Revival Of A $53 Billion Megaproject

Aug 12, 2019 at 09:18 | Irina Slav

The Iraqi government is still in talks with Exxon about a megadeal worth US$53 billion over three decades, Iraqi media reported, quoting the Oil Ministry of the country. The…

Trump Pushes Venezuela To The Brink

Aug 09, 2019 at 13:46 | Nick Cunningham

The Trump administration has taken its regime change campaign in Venezuela to the next level, initiating a new set of sanctions that some analysts liken to a total economic…

Permian Slowdown Could Start In 2020

Aug 09, 2019 at 13:43 | Nawar Alsaadi

The Permian basin has been by far the largest source of production growth in the US as the field oil production grew from 1.2M barrels per day (mmbpd) in January…

US Gas Prices Slump Despite Soaring Demand

Aug 09, 2019 at 13:34 | Irina Slav

Natural gas demand in the United States is growing. It’s growing thanks to the switch from coal to gas-fired power generation and thanks to the growth in liquefied natural gas…

Germany’s Big Bet On Hydrogen

Aug 09, 2019 at 13:31 | Vanand Meliksetian

Germany is going through a remarkable transformation from a fossil fuel-based economy towards a sustainable energy infrastructure dominated by wind and solar power. Although the transition is far from complete,…

The ‘Cowboy State’ Oil Boom Is Falling Behind

Aug 09, 2019 at 13:27 | Tsvetana Paraskova

A year ago, the Powder River Basin in northeastern Wyoming was thought to be the next hot thing in U.S. shale with land acquisition costs lower than in the…

Is This The Key To Commercial Nuclear Fusion?

Aug 09, 2019 at 13:23 | Haley Zaremba

While the concept of harnessing nuclear fusion, the process which powers the sun, for use here on Earth has long been the “Holy Grail” of energy science, it has long…

Gloomy Oil Markets Just Got Gloomier

Aug 09, 2019 at 13:21 | Rystad Energy

Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our temporary bullish view for the first part of 2020 linked…

China’s Iranian Oil Weapon

Aug 09, 2019 at 13:18 | ZeroHedge

Two reports out this week worth paying attention to which could greatly impact oil prices at a crucial moment in which leaders in Tehran are desperately urging China to purchase more Iranian crude:  First, 

Oil Prices Rebound In Fragile Markets

Aug 09, 2019 at 12:24 | Tom Kool

While a promise from Saudi Arabia to keep oil exports below 7 million bpd has given oil markets some hope, overall sentiment appears to be very bearish

US Oil Production Holds Up Amid Rig Count Decline

Aug 09, 2019 at 12:21 | Julianne Geiger

The US oil and gas rig count fell by 8 this week, according to Baker Hughes, adding to months of losses and bringing the overall rig count to the lowest…

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