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Energy

Oil Prices Could Surprise to the Upside This Year

Mar 05, 2024 at 08:12 | Irina Slav

Crude oil prices recently logged their second monthly gain in a row as OPEC+ extended their supply curb deal until the end of Q2 2024. The gains have…

Artificial Intelligence Could Trigger a Natural Gas Boom in Europe

Mar 04, 2024 at 13:26 | James Stafford

When the use of seismic surveys became common place, Oil and gas drillers used to drill only in spots the human eye could detect from seismic and other data, but…

New Oil Law Likely To Be The End Of Iraqi Kurdistan’s Independence Dream

Mar 04, 2024 at 12:37 | Simon Watkins

A series of legal rulings by Iraq’s Federal Supreme Court (FSC) on 21 February underlined that the planned New Oil Law being worked on by the government of Iraq in…

Geoengineering: 3 Novel Ways To Artificially Alter The Climate

Mar 04, 2024 at 09:32 | Alex Kimani

Global temperatures are currently increasing at a faster clip than at any time in the last 2 million years. This has fueled record-breaking heat waves, wildfires and droughts, and…

Oil Riches Fuel Heated Dispute Between Venezuela and Guyana

Mar 04, 2024 at 07:58 | Matthew Smith

Squabbling between Venezuela and South America’s newest oil-producing nation Guyana over the resource-rich Essequibo region is heating up once again. The more than century-long quarrel centers on Venezuela’s…

Analysts Forecast "Lower for Longer" Prices in LNG Market

Mar 04, 2024 at 07:39 | ZeroHedge

The beginning of the Russian-Ukraine war in early 2022 led to a significant tightening in global liquefied natural gas (LNG) supplies as Europe replaced lost Russian LNG with…

2 Ways to Play Europe’s $800 Billion Energy Crisis

Mar 01, 2024 at 15:07 | Josh Owens

The energy crisis that engulfed Europe after Western sanctions punished Russia’s invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi…

World's Second-Largest Lithium Producer Boosts Capacity Despite Glut

Mar 01, 2024 at 12:44 | Tsvetana Paraskova

Unlike most lithium miners, the world's second-largest producer, Chile's Sociedad Química y Minera (SQM), is ramping up capacity expansion despite the glut in the market, which has crushed lithium prices…

U.S. Oil Drilling Gets Another Bump As WTI Soars To $80

Mar 01, 2024 at 12:21 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total…

Exxon Guyana Slap at Chevron Highlights Supply Security Importance

Mar 01, 2024 at 10:54 | Irina Slav

When Chevron announced it had struck a deal to acquire Hess Corp. for $53 billion last year, it was seen as yet another move by a supermajor to secure…

WTI Soars Past $80 per Barrel as Oil Market Tightens

Mar 01, 2024 at 09:59 | Julianne Geiger

The price of a WTI barrel soared to heights not seen since November as the market braces for an OPEC+ decision on oil production levels in April…

The Renewable Revolution’s $3 Trillion Problem

Mar 01, 2024 at 09:42 | Rystad Energy

Renewable energy developments continue at break-neck speed, with $644 billion to be spent on new capacity in 2024, but outdated and inadequate power grids could prove to be…

U.S. Seeks Semiconductor Supremacy with New Funding Initiatives

Mar 01, 2024 at 09:37 | Felicity Bradstock

As it accelerates its green transition, the U.S. is looking to become a major player in the international semiconductor market, to become more competitive with Asia, the world’s biggest producer…

Breakthrough Biotech Paves Way for Green Fuel Production Boom

Mar 01, 2024 at 09:22 | Brian Westenhaus

A new University of California – Riverside (UCR) study found that introducing a simple, renewable chemical to the pretreatment step can finally make next-generation biofuel production both…

Red Sea Disruptions Push OECD Crude Inventories Lower

Mar 01, 2024 at 09:04 | Editorial Dept

1. Red Sea Disruptions Shrink OECD Crude Inventories Further - The price squeeze in the Atlantic…

Mysterious Power Outage Paralyzes Tajikistan

Mar 01, 2024 at 09:01 | Eurasianet

Entire swathes of Tajikistan were left without electricity for around three hours on March 1 amid what appears to have been a major technical malfunction. Households…

Oil Markets Await the Next OPEC+ Announcement

Mar 01, 2024 at 08:59 | Michael Kern

Oil prices remained stubbornly rangebound in February as signs of a recovering U.S. economy were countered by weaker economic data in both Europe and China.

Exxon Threatens to Derail Chevron's Acquisition of Hess

Mar 01, 2024 at 08:49 | ZeroHedge

Exxon's challenge of Chevron's acquisition of Hess could result in a windfall for Exxon shareholders, a new report from Reuters speculates. 

Could This Unknown Company Help Solve Europe’s Energy Crisis?

Mar 01, 2024 at 06:52 | Michael Kern

Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe - a region that is now desperate for…

Supply Becomes a Downward Risk for Oil Prices Despite OPEC+ Cuts

Mar 01, 2024 at 01:43 | Editorial Dept

This week's crude oil price movements have been significantly influenced by various economic indicators and central bank policies. In the U.S., the Federal Reserve's preferred inflation gauge, the personal consumption…

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