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Is The UK Doing Enough To Stimulate EV Sales?

Is The UK Doing Enough To Stimulate EV Sales?

Electric vehicle sales in the…

Venezuela’s Oil Production Continues To Plummet

Venezuela’s Oil Production Continues To Plummet

Venezuela’s crude oil production tumbled…

Energy

China Sees Tanker Traffic Soar As Oil Storage Runs Out

Jun 19, 2020 at 10:07 | Charles Kennedy

There is growing tanker congestion in the waters around Chinese oil ports as buyers rushed to take advantage of low oil prices in the past couple of months, but onshore…

JP Morgan Predicts $100 Oil

Jun 19, 2020 at 09:04 | Irina Slav

It may sound far-fetched at a time when many are worrying if Brent could rise back to $50 a barrel, but at least one analyst believes the benchmark could not…

U.S. Oil Dominance Is Coming To An End

Jun 18, 2020 at 17:35 | Arthur Berman

U.S. energy dominance is over. Output is probably going to drop by 50% over the next year and nothing can be done about it. It has…

Goldman: Clean Energy Investment Has Hit A Critical Point

Jun 18, 2020 at 17:03 | Nick Cunningham

Global investment in renewable energy is set to surpass oil and gas for the first time ever next year, according to a new report.  Trillions of…

Lower For Longer: A Nightmare Scenario For Oil Producers

Jun 18, 2020 at 16:44 | Irina Slav

It has been a busy few days for oil price spotters: first BP revised down its long-term oil price projection to $55 per barrel of…

For How Long Can China Prop Up The Oil Market?

Jun 18, 2020 at 13:40 | Tsvetana Paraskova

China's crude oil imports jumped to a record high in May, while refinery throughput increased to near-peak levels, suggesting a strong recovery in oil demand after the coronavirus outbreak. Indeed, 

How Venezuela Beat U.S. Oil Sanctions

Jun 18, 2020 at 12:59 | Latin America Energy Advisor

Mexico to Sell Fuel to Venezuela if Asked: López ObradorMexican President Andrés Manuel López Obrador said on Monday that Mexico would sell gasoline to Venezuela for…

Oilfield Services May Not Recover Until 2023

Jun 18, 2020 at 12:50 | Rystad Energy

Global demand for oilfield services (OFS), measured in the total value of exploration and production (E&P) company purchases, is set for a massive 25% yearly drop in 2020 as a…

How Saudi Arabia Caused The Worst Oil Price Crash In History

Jun 18, 2020 at 11:35 | Tsvetana Paraskova

Saudi Arabia made good on its promise to flood the market with oil after the collapse of the previous OPEC+ deal in early March, exporting a record 10.237 million barrels…

Oman Is Building The Largest Oil Storage Facility In The Middle East

Jun 18, 2020 at 10:02 | Charles Kennedy

Oman has built eight oil storage tanks that will make up part of what the sultanate hopes will be the largest oil storage facility in the Middle East and is…

Pirates Threaten Oil Operations In Gulf Of Mexico

Jun 18, 2020 at 09:14 | Irina Slav

There is increased threat of piracy in the southern Gulf of Mexico, with oil platforms and other installations a potential target, the U.S. government has warned. “Armed criminal groups have…

When Will U.S. Shale Rebound To Pre-Pandemic Levels?

Jun 17, 2020 at 16:41 | Nick Cunningham

The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for the industry? 

The Revolutionary Tech That’s Turning Waste Into Energy

Jun 17, 2020 at 16:35 | Chris Everett

The $150-billion organic food industry has a major fertilizer problem that could hinder its growth. Massive livestock operations from Europe to North America have an even bigger problem: They’re producing…

Underinvestment Could Send Oil Prices Soaring

Jun 17, 2020 at 16:14 | David Messler

The most recent edition of the Energy Information Agency monthly Drilling Productivity report confirmed what news reports had anecdotally told us. U.S. domestic shale production is on a…

Prospect Of Peak Oil Demand Puts Cap On Total Global Oil Reserves

Jun 17, 2020 at 13:56 | Rystad Energy

The 2020 release of Rystad Energy’s annual global energy outlook reveals that the Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas…

U.S. Is The Surprising Winner In China’s LNG Market

Jun 17, 2020 at 13:42 | Alex Kimani

The natural gas market is reeling from the triple whammy of a stubborn supply overhang, particularly in the Asia-Pacific region--which accounts for nearly two-thirds of global demand--a mild winter, and…

U.S. Gasoline Prices Are Set To Spike This Summer

Jun 17, 2020 at 13:21 | Haley Zaremba

There is virtually no economic sector on Earth that has not been impacted by the spread of the novel coronavirus, but few have been as thoroughly battered as…

Why The $17.5 Billion Write-Down Is Just The Beginning For BP

Jun 17, 2020 at 13:03 | Leonard Hyman & William Tilles

BP, the British oil company, announced this week it would reduce the value of its oil and gas assets by $17.5 billion. Even though this represents a large potential asset…

The Oil & Gas Sector Could Already Be In Terminal Decline

Jun 17, 2020 at 11:50 | Robert Rapier

The fossil fuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis…

Surprise Draw In Fuel Inventories Boosts Oil Prices

Jun 17, 2020 at 09:47 | Irina Slav

Oil prices recovered a bit on Wednesday morning after the Energy Information Administration reported an inventory build of 1.2 million barrels for the week to June 12. Fuel inventories,…

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