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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,…

The Renewable Revolution Hinges on Recycled Metals

The Renewable Revolution Hinges on Recycled Metals

E-waste contains a significant amount…

Energy

A New Oil Crisis Is Developing In The Middle East

Oct 19, 2017 at 14:02 | Kent Moors

After over 40 years in the energy business, more than two decades of that with a parallel career in intelligence, I regularly witness the impact of global developments on the…

Russia Goes All In On Arctic Oil Development

Oct 19, 2017 at 13:58 | Tsvetana Paraskova

Neither sanctions nor persistently low oil prices are hindering Russia’s ambitions or plans to develop oil resources in its sections of the Arctic. In April, state-controlled oil giant Rosneft

OPEC Looks To Permanently Expand The Cartel

Oct 19, 2017 at 13:36 | Tsvetana Paraskova

At its November 30 meeting, OPEC will seek to discuss making its current partnership with non-OPEC producers permanent, OPEC’s Secretary General Mohammad Barkindo told reporters at the Oil &…

Why Petrol Powered Cars Aren’t Going Anywhere

Oct 19, 2017 at 12:05 | Peter Tertzakian

Internal combustion engines keep accumulating at a rate of tens of millions per year. When is the earliest date that we could expect to see “peak piston”? Your intuition may…

Norway’s Energy Minister Sees Strong Long-Term Demand For Oil

Oct 19, 2017 at 09:27 | Irina Slav

Norway is at the forefront of Europe’s green energy shift, but it is also its biggest crude oil producer. The country has so far juggled successfully with the two opposing…

Trump’s Iran Decision Haunts Big Oil

Oct 18, 2017 at 17:19 | Nick Cunningham

United States President Donald Trump’s decision to “decertify” the Iran nuclear deal probably won’t have an immediate impact on oil prices, but the decision could plant the seeds of problems…

Big Oil Refuses To Give Up On The Barents Sea

Oct 18, 2017 at 16:56 | Tsvetana Paraskova

Encouraged by recently opened areas and potentially huge yet-to-be-discovered resources, oil companies launched a record exploration drilling campaign in Norway’s Barents Sea this year. But as the summer and the…

UK Oil And Gas Costs To Rise 100% If Brexit Fails

Oct 18, 2017 at 15:09 | Irina Slav

The UK’s embattled oil industry might have to tackle a twofold increase in trade costs if its separation from the European Union takes place under a no-deal scenario, an industry…

Are Combustion Engines Reaching Peak Demand?

Oct 18, 2017 at 14:59 | Peter Tertzakian

Imagine if we woke up tomorrow and read the headline, “GLOBAL PACT: ALL COUNTRIES AGREE TO BAN THE SALE OF INTERNAL COMBUSTION ENGINES.” And then imagine that we wake up…

The World's Top Crude Trader Sees Brent Crashing To $45

Oct 18, 2017 at 13:39 | Julianne Geiger

The world’s largest oil trader sees the price of the Brent barrel falling almost $14 to $45 in 2018, from its current price of $58.01, according to Ian Taylor, CEO…

OPEC Favors 9-Month Extension Of Production Cut Agreement

Oct 18, 2017 at 10:51 | Julianne Geiger

OPEC favors a nine-month extension to the OPEC/NOPEC production cut deal, according to four anonymous Reuters sources, which would push out the agreement until December 2018. The possibility of…

Major Crude Oil Draw Sends Oil Prices Higher

Oct 18, 2017 at 09:58 | Irina Slav

A day after API’s estimate of a 7.13-million-barrel draw in U.S. oil inventories led benchmark prices higher, the EIA added to bullishness by reporting inventory figures largely in…

Iran Ready For OPEC Oil Deal Extension

Oct 18, 2017 at 09:20 | Irina Slav

Iran is ready to take part in a further extension of the OPEC oil production cut deal, the country’s Deputy Minister for Trade and International Affairs said at an…

The Natural Gas Market Is Set To Boom

Oct 17, 2017 at 16:25 | Tsvetana Paraskova

Lower-for-longer oil prices and the advance of renewable energy and electric vehicles have made Big Oil plan for a gradual shift toward natural gas in their production portfolios.   All…

Big Oil To Bet On Petrochemicals As Demand Peak Looms

Oct 17, 2017 at 16:20 | Irina Slav

Remember that “This Ain’t Your Daddy’s Oil” commercial that blew up on Twitter at this year’s Super Bowl? It was about crude oil being used for things other than…

The U.S. LNG Boom Could Be About To Stall

Oct 17, 2017 at 13:56 | Alan Mammoser

While speaking before industry executives last June, United States President Donald Trump asserted that he had “ended the war on coal” and that America would be “dominant” in energy. But…

Oil Fundamentals Overturn Geopolitical Risk

Oct 17, 2017 at 13:19 | Tom Kool

Oil posted gains on Monday on news that the Iraqi military had seized control of Kirkuk, but oil fundamentals and the large supply capacity of both OPEC and U.S. shale…

Goldman: U.S.-Iran Standoff Is A Long-Term Threat To Oil Supply

Oct 17, 2017 at 11:21 | Tsvetana Paraskova

While the Kurdistan-Iraq standoff is a risk to shorter-term oil production, the increased tensions between neighboring Iran and the U.S. are a longer-term and bigger threat to global oil…

Major Energy Importer Bets $10 Billion On Natural Gas

Oct 17, 2017 at 10:34 | Dave Forest

Much of the attention in energy markets has been focused on OPEC and oil prices lately. But news this week suggests that a different energy commodity is quietly becoming the hottest…

Mexico Locks In $46 Per Barrel In 2018 Oil Hedge

Oct 17, 2017 at 09:41 | Irina Slav

Mexico has locked in an average export price of US$46 per barrel of crude oil for 2018 in its annual oil hedge, which is closely watched as the biggest…

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