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Offshore Oil Discoveries Thrive

Offshore Oil Discoveries Thrive

But despite the industry as…

Energy

Oil Majors Pursue Projects with $30 per Barrel Breakeven

Feb 15, 2024 at 16:00 | Alex Kimani

The U.S. and global oil and gas sector is currently enjoying a third year of relatively high energy prices with oil demand on a steady growth trajectory. WTI crude has…

BofA: Oil Demand Growth Has Peaked

Feb 15, 2024 at 09:03 | Tsvetana Paraskova

Global oil demand continues to rise and will keep increasing for years, but the annual rate growth may have already peaked, according to Bank of America. Electrification of transport, energy…

Brent Needs To Be $90 or Higher To Reflect Actual Fundamentals

Feb 15, 2024 at 08:06 | Alex Kimani

Oil prices have enjoyed a sustained rally in the current month thanks to bullish demand projections and encouraging oil product inventory draws. Brent briefly touched this year’s high at…

10 Reasons Why the World Can’t Run Without Fossil Fuels

Feb 15, 2024 at 08:02 | Gail Tverberg

It is now popular to talk about leaving fossil fuels to prevent climate change. Pretty much the same result occurs if we run short of fossil fuels: We lose fossil…

Climate vs. Commerce: Inside the Debate Over U.S. LNG Expansion

Feb 15, 2024 at 08:00 | Felicity Bradstock

Following a year of LNG production increases and plans for a massive gas project pipeline, the Biden administration is finally responding to calls to halt giant new LNG projects, in…

Redox Flow Desalination Offers Potable Water and Energy Storage

Feb 15, 2024 at 07:46 | Brian Westenhaus

Researchers at NYU Tandon School of Engineering achieved a major breakthrough in Redox Flow Desalination (RFD), an emerging electrochemical technique that can turn seawater into…

Grid Expansion About to Become Biggest Transition Problem

Feb 14, 2024 at 10:10 | Irina Slav

In September last year, the European Union's electric utility industry association, Eurelectric, warned that the bloc needed what Reuters called "unprecedented" investments in grid upgrades. Otherwise, Eurelectric said, the…

Barclays Lags European Peers in Halt To Funding New Oil and Gas Fields

Feb 14, 2024 at 09:49 | Tsvetana Paraskova

UK banking giant Barclays has just announced that it will drop direct funding for new oil and gas projects, joining other major European banks in halting the financing of fossil…

Product Draws Not Enough to Offset Huge Crude Build

Feb 14, 2024 at 09:35 | Irina Slav

Crude oil prices trended lower today after the U.S. Energy Information Administration reported an estimated inventory increase of 12 million barrels for the week to February 9. The…

Another Mega-Merger Is Brewing in the U.S. Shale Patch

Feb 14, 2024 at 07:17 | David Messler

The merger and acquisition deals are coming in the shale patch, at a rate almost too fast to document. Last week news broke about Devon Energy, (NYSE:DVN), and Canadian-based producer,…

Oil Prices Set to Rise as Global Stock Refills Ramp Up

Feb 14, 2024 at 07:12 | Tsvetana Paraskova

China’s rebuilding of oil inventories and higher crude purchases elsewhere for fear of escalating shipping disruptions in the Red Sea are set to support global oil demand and benchmark prices…

New Electrode Revolutionizes Hydrogen Production from Seawater

Feb 14, 2024 at 07:06 | Brian Westenhaus

University of Tsukuba researchers have developed highly durable electrodes without precious metals to enable direct hydrogen production from seawater. Water electrolysis utilizing renewable energy sources…

RBC Predicts Prolonged Challenges in EV Market

Feb 14, 2024 at 06:52 | ZeroHedge

For the better part of the last 6 months we have been documenting the slowdown in EV adoption, with major legacy automakers scaling back on investments, switching to…

Fitch: Politics And Geopolitics Are Top Risks For Oil & Commodities

Feb 13, 2024 at 15:22 | Alex Kimani

Leading American credit rating agency, Fitch Ratings, has reported that geopolitical instability in the Middle East, upcoming elections in scores of countries as well as increasing regulatory uncertainty are…

Oil Steady As Inflation Comes In Hotter Than Expected

Feb 13, 2024 at 11:20 | Tom Kool

Equity markets got caught off guard by higher-than-expected U.S. inflation figures, but crude prices have shown resilience.

As U.S. Pauses New LNG Project Permits, Iran Moves Full Ahead On Its Own

Feb 13, 2024 at 09:49 | Simon Watkins

Since Russia invaded Ukraine on 24 February 2022, liquefied natural gas (LNG) has become the world’s key emergency energy supply. It does not require the years of planning and construction…

Red Sea Crisis Is Tightening Oil Markets

Feb 13, 2024 at 09:27 | Tsvetana Paraskova

Disruptions to shipping in the Red Sea and via the Suez Canal are raising the prices of African and U.S. crude grades and expanding the backwardation in the global

Refinery Outage Delays Next Oil Price Rally

Feb 13, 2024 at 09:17 | Charles Kennedy

The power outage that took BP’s refinery in Whiting, Indiana, offline for at least three weeks has delayed a potential price jump by dampening demand expectations in the immediate term.…

Southeast Europe's "Vertical Corridor" to Reshape Gas Transit

Feb 13, 2024 at 07:57 | Eurasianet

Countries in southeastern and central Europe have begun working together to create a new gas transit route to help compensate for the loss of Russian gas exports to…

Diamondback Energy’s $26 Billion Endeavor Acquisition Shakes Up Permian Basin

Feb 13, 2024 at 07:49 | ZeroHedge

Last year, when the full extent of the unprecedented consolidation wave in the shale sector gradually became apparent, we speculated that when it's all said and done, US…

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