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China Taps Into Crude Reserves To Curb Oil Price Rally

China Taps Into Crude Reserves To Curb Oil Price Rally

The world’s top oil importer,…

India May Join China In Bid To Lower Oil Prices

India May Join China In Bid To Lower Oil Prices

The world’s third-largest crude oil…

Energy

A Zero-Cost Solution For The Oil Industry’s Methane Problem

Jul 13, 2021 at 11:57 | Haley Zaremba

As the spread of the novel coronavirus disrupted industries around the world, the rate of global greenhouse gas emissions took a big dip. BP’s annual

China Oil Imports Fall To Lowest In 2021

Jul 13, 2021 at 11:40 | Irina Slav

China’s crude oil imports fell to some 9.77 million barrels daily last month, down 2 percent on May and the lowest monthly level since the start of the year, Reuters…

Permian To Drive U.S. Shale Production Increase In August

Jul 13, 2021 at 10:23 | Charles Kennedy

U.S. shale oil production will increase by a modest 42,000 bpd in August, according to the Energy Information Administration. In its latest Drilling Productivity Report, the EIA forecast that…

Why Saudi Arabia Is Likely To Win The OPEC+ Standoff

Jul 13, 2021 at 09:41 | Irina Slav

OPEC+ could take until August to decide whether to adjust production baselines, Arab News reported, citing JP Morgan analyst Christian Malek. According to Malek, the oil cartel could take…

The IEA Warns Of Another Oil Price War

Jul 13, 2021 at 09:02 | Tsvetana Paraskova

The oil market has been on edge for a week now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said on…

Huge Dividend Cripples World’s Largest Oil Company

Jul 12, 2021 at 16:09 | Simon Watkins

The transformation of Saudi Arabia’s flagship asset, Aramco, from perpetual cash-generation machine into a debt-laden giant is set to pick up pace in the coming weeks with a…

High Oil Prices Threaten The Global Economic Recovery

Jul 12, 2021 at 16:05 | Tsvetana Paraskova

Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in…

The Ongoing Transformation Of ‘Big Oil’

Jul 12, 2021 at 16:03 | Irina Slav

When last year BP vowed to reduce its oil and gas output by 40 percent by 2030 as it shifts to renewable energy, it came as…

Investors Are Betting Big On The Future Of EV Efficiency

Jul 12, 2021 at 15:51 | Alex Kimani

With the global electrification drive in full swing, electric cars have constantly been improving in terms of mileage, performance, charging time—and costs. And, Wright's law

U.S. Gasoline Demand In 2021 May Have Peaked Already

Jul 12, 2021 at 14:14 | Charles Kennedy

The United States may have seen 2021 gasoline demand peak around the July 4 holiday, but increased airline traffic at domestic airports bodes well for the overall recovery in oil…

Spreads And Inventory Levels Suggest Oil Prices Will Go Even Higher

Jul 12, 2021 at 14:11 | ZeroHedge

Oil prices have continued to rally this year as economies recover from impaired pandemic levels, however, calendar spreads have been unable to realize their bullish intent. In fact,…

Colombia Looks Offshore To Revitalize Its Oil Industry

Jul 12, 2021 at 12:54 | Matthew Smith

After an exceptionally tough 2020 and poor start to 2021 for Colombia’s oil industry, the country’s energy ministry is betting on an offshore…

Paid To Poop: How Feces Is Creating “Clean” Energy

Jul 12, 2021 at 12:00 | Charles Kennedy

A university in South Korea has designed an eco-friendly toilet that turns waste into energy and cryptocurrency, which university students can use to buy food and coffee on campus.…

India: Rich Economies Must Help Foot Our Energy Transition Bill

Jul 12, 2021 at 11:06 | Charles Kennedy

Wealthy economies must help with financing India’s energy transition, Bloomberg reported this week, citing the country’s Environment Secretary. “Every policy decision has a cost to the economy. Going net-zero…

Iran Nuclear Deal 90% Done: Russian Diplomat

Jul 12, 2021 at 10:01 | Irina Slav

About 90 percent of the work on the Iran nuclear deal has been done, but the 10 percent that remains might prove a tough nut to crack. That’s according to…

OPEC+ Still Far From Resolving UAE-Saudi Spat

Jul 12, 2021 at 09:06 | Tsvetana Paraskova

The odds of an OPEC+ meeting this week look increasingly unlikely as the group has failed to make progress in resolving the differences between key OPEC members Saudi Arabia and…

Biden’s $2.5 Trillion Plan Could Send These 3 EV Stocks Soaring

Jul 09, 2021 at 17:43 | Julian Lowe

Just days from now, Biden is set to gamble a proposed $2.5 trillion on a new plan, in hopes of bringing America’s foundation into the next generation. It's coming in…

The IEA’s Climate Warnings Grow Louder, But Is Anyone Listening?

Jul 09, 2021 at 16:41 | Irina Slav

Earlier this month the International Energy Agency had yet another dire warning for those concerned about the welfare of the planet. Natural gas…

Natural Gas Prices Still Have Room To Run

Jul 09, 2021 at 16:19 | Tsvetana Paraskova

U.S. natural gas prices have more than doubled since last year’s pandemic-induced slump. Prices surged in the second quarter of 2021 by 40 percent, registering the largest quarterly…

How COVID-19 Triggered The Mother Of All Oil Crises

Jul 09, 2021 at 16:02 | Haley Zaremba

The COVID-19 pandemic certainly wasn’t the first historic crash or economic crisis for the oil and gas industry, and it (probably) won’t be the last.

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