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Three Innovations To Upend The Energy Storage Market

Three Innovations To Upend The Energy Storage Market

Batteries are often thought of…

Is Oil's Rally Already Over?

Is Oil's Rally Already Over?

Oil futures reversed course on…

News

Teck Cancels $20 Billion Frontier Oil Sands Project

Teck Cancels $20 Billion Frontier Oil Sands Project

Feb 24, 2020 at 11:01 | Irina Slav

Teck Resources has withdrawn its application for a regulatory review of the Frontier oil sands project, the company said in a news release. “Investors and customers are increasingly looking…

Libyan Oil Chairman Calls On U.S. To Help End Oil Blockade

Libyan Oil Chairman Calls On U.S. To Help End Oil Blockade

Feb 24, 2020 at 09:27 | Irina Slav

The United States should step in and help lift the blockade of Libyan oil ports that has decimated the country’s oil production, the chairman of the National Oil Corporation, Mustafa…

Shell Not Competing With BP Over Net Zero Emissions Goals

Shell Not Competing With BP Over Net Zero Emissions Goals

Feb 21, 2020 at 16:07 | Tsvetana Paraskova

Shell doesn’t intend to “get into an arms race” with peer supermajor BP over goals to reduce its carbon footprint, Maarten Wetselaar, Shell’s Integrated Gas & New Energies Director, told…

China’s Car Sales Plunge 92% On Coronavirus Fears

China’s Car Sales Plunge 92% On Coronavirus Fears

Feb 21, 2020 at 15:54 | Tsvetana Paraskova

China’s passenger car sales tumbled by 92 percent year on year in the first two weeks of February, due to the coronavirus outbreak, which is also expected to result…

Andurand’s Hedge Fund Lost Big In Volatile Oil Markets

Andurand’s Hedge Fund Lost Big In Volatile Oil Markets

Feb 21, 2020 at 15:46 | Tsvetana Paraskova

The main oil-focused hedge fund of one of the best known oil traders, Pierre Andurand, incurred an 8-percent loss in January, the Financial Times reported on Friday, quoting three…

FERC Slams New York With Higher Renewable Energy Prices

FERC Slams New York With Higher Renewable Energy Prices

Feb 21, 2020 at 10:01 | Irina Slav

New Yorkers may have to pay more for electricity from renewable sources after the Federal Energy Regulatory Commissions issued a series of four orders that call for…

Houthis Launch Attack On Saudi Arabia

Houthis Launch Attack On Saudi Arabia

Feb 21, 2020 at 09:30 | Irina Slav

The Houthi rebels in Yemen launched a missile attack on Saudi Arabia early this morning but the missiles were intercepted by the Saudi defense system, Reuters reported, citing a…

Shell Looks To Expand Mars Crude Pipeline System

Shell Looks To Expand Mars Crude Pipeline System

Feb 20, 2020 at 16:01 | Julianne Geiger

Shell Midstream Partners LP (NYSE: SHLX) announced that it is considering expanding its 163-mile-long Mars crude oil pipeline in the Gulf of Mexico, the company said in a Thursday earnings…

Petrobras Books Record Net Profit In 2019

Petrobras Books Record Net Profit In 2019

Feb 20, 2020 at 13:50 | Tsvetana Paraskova

Brazil’s state-run oil firm Petrobras (NYSE: PBR) reported on Thursday a record net profit for 2019, thanks to asset sales under its strategy to divest non-core operations and…

Russia, OPEC Will Not Move Forward Their Next Meeting

Russia, OPEC Will Not Move Forward Their Next Meeting

Feb 20, 2020 at 11:31 | Tsvetana Paraskova

Despite the uncertainty on the oil market amid the coronavirus outbreak, there is a common understanding among the OPEC+ coalition that ministers do not need to move forward their meeting…

  
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