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Oil Rallies Despite Growing Demand Concerns

Oil Rallies Despite Growing Demand Concerns

Oil prices rebounded on Tuesday…

Pipeline Woes Hit Libya Oil Production

Pipeline Woes Hit Libya Oil Production

A leak that forced the…

News

Natural Gas Prices Plunge On Warmer Weather Trends

Natural Gas Prices Plunge On Warmer Weather Trends

Jan 19, 2021 at 17:03 | ZeroHedge

As soon as Goldman Sachs gets bullish on natural gas, new weather models are forecasting warmer weather trends for the next two weeks. As a result, NYMEX Henry Hub natgas February futures…

U.S. Sanctions Oil Traders As Venezuelan Oil Exports Continue

U.S. Sanctions Oil Traders As Venezuelan Oil Exports Continue

Jan 19, 2021 at 16:57 | Julianne Geiger

The U.S. Treasury Department has added names to their blacklist for trading in illegal Venezuelan oil, according to a Tuesday press release.  Making the list today include Alessandro Bazzoni,…

Norway Awards 61 Oil & Gas Exploration Licenses In Mature Areas

Norway Awards 61 Oil & Gas Exploration Licenses In Mature Areas

Jan 19, 2021 at 15:20 | Charles Kennedy

Norway has awarded 61 offshore exploration licenses to 30 companies in the latest annual licensing round for oil and gas exploration in mature areas on the Norwegian Continental Shelf, the…

US Gas-Fired Power Generation Set For First Drop Since 2017

US Gas-Fired Power Generation Set For First Drop Since 2017

Jan 19, 2021 at 14:28 | Tsvetana Paraskova

Higher natural gas prices this year are expected to result in the first annual decline in U.S. gas-fired electricity generation since 2017, the U.S. Energy Information Administration (EIA) said…

India’s December Oil Imports Jump To Highest Level In Three Years

India’s December Oil Imports Jump To Highest Level In Three Years

Jan 19, 2021 at 13:24 | Tsvetana Paraskova

Crude oil imports in the world’s third-largest oil importer and consumer, India, surged in December 2020 to their highest in almost three years, Reuters reported on Tuesday, citing data…

Gazprom Admits Nord Stream 2 At Risk Due To ‘Political Pressure’

Gazprom Admits Nord Stream 2 At Risk Due To ‘Political Pressure’

Jan 19, 2021 at 11:19 | Tsvetana Paraskova

Gazprom has warned investors that the Nord Stream 2 pipeline project could be suspended or discontinued due to “political pressure,” among other exceptional circumstances, the Russian gas giant says in…

Bank Of France To Curb Exposure To Oil

Bank Of France To Curb Exposure To Oil

Jan 19, 2021 at 08:47 | Charles Kennedy

The French central bank will reduce its exposure to the oil and gas industry over the next four years as part of efforts to redirect its resources to more renewable…

Chinese Refiners Processed Record Amounts Of Crude In 2020

Chinese Refiners Processed Record Amounts Of Crude In 2020

Jan 18, 2021 at 15:59 | Tsvetana Paraskova

After a pandemic-hit slow start to 2020, China’s refiners boosted production from April, thanks to ultra-low crude oil prices and a rebound in the Chinese economy and fuel demand, setting…

Russian Gasoline Imports Surge After Import Ban Ends

Russian Gasoline Imports Surge After Import Ban Ends

Jan 18, 2021 at 14:34 | Tsvetana Paraskova

Russia’s imports of gasoline surged eight times in November compared to October, after the end of a four-month ban on refined oil product imports ended in October, according to

Syria: Oil Tankers From Iran To Syria Intercepted

Syria: Oil Tankers From Iran To Syria Intercepted

Jan 18, 2021 at 12:50 | Charles Kennedy

Tankers carrying oil from Iran to Syria have been intercepted in the Red Sea and delayed shipments of oil to Syria, the Prime Minister of Syria, Hussein Arnous, was quoted…

UK Produces First Battery-Grade Lithium At Home

UK Produces First Battery-Grade Lithium At Home

Jan 18, 2021 at 11:54 | MINING.com

A British consortium that includes Cornish Lithium, a junior eager to lead the development of…

IEA: Methane Emissions Fell In 2020 Amid Production Slowdown

IEA: Methane Emissions Fell In 2020 Amid Production Slowdown

Jan 18, 2021 at 11:30 | Tsvetana Paraskova

Global methane emissions from the oil and gas sector fell by 10 percent year over year in 2020, but the industry and policy makers shouldn’t be complacent because the reduction…

Developer: Keystone XL Pipeline Could Be Emission-Free

Developer: Keystone XL Pipeline Could Be Emission-Free

Jan 18, 2021 at 09:28 | Irina Slav

The developer of the controversial Keystone XL oil pipeline project, TC Energy Corp., is preparing to pledge a number of changes as it seeks the approval of president-elect Joe Biden,…

Russia’s Rosneft Looks To Attract Oil Traders To Huge Arctic Project

Russia’s Rosneft Looks To Attract Oil Traders To Huge Arctic Project

Jan 15, 2021 at 16:19 | Tsvetana Paraskova

Russia’s top oil producer, state-controlled oil firm Rosneft, is in talks with some of the world’s largest oil trading houses, offering them to become investors in a major oil project…

Oil Major Total Withdraws From API Over Climate Policy Differences

Oil Major Total Withdraws From API Over Climate Policy Differences

Jan 15, 2021 at 14:44 | Charles Kennedy

Total will not renew its membership in the American Petroleum Institute (API) for 2021 due to divergences with the main U.S. oil lobby over climate policies, the French oil and…

Tesla May Be Readying Model S And Model X Update

Tesla May Be Readying Model S And Model X Update

Jan 15, 2021 at 13:44 | Charles Kennedy

Tesla is clearing all inventory of Model S and Model X across stores and showrooms, multiple reports say, suggesting that the electric vehicle maker is preparing design refresh of the…

ANZ Bank Sees Oil Stabilizing At $60 In H2 2021

ANZ Bank Sees Oil Stabilizing At $60 In H2 2021

Jan 15, 2021 at 10:36 | Tsvetana Paraskova

Brent Crude prices are set to hit $60 a barrel in the second half of this year and then stabilize at those levels, thanks to inventory drawdowns also helped by…

Venezuela Opens Up To Foreign Oil Investment

Venezuela Opens Up To Foreign Oil Investment

Jan 15, 2021 at 09:30 | Charles Kennedy

Venezuela is opening up to foreign investment in its oil industry, President Nicolas Maduro said this week, in a bid to reverse a catastrophic drop in its output under the…

U.S. Watchdog: Large U.S. Banks Can No Longer Deny Funding To Oil & Gas

U.S. Watchdog: Large U.S. Banks Can No Longer Deny Funding To Oil & Gas

Jan 14, 2021 at 17:04 | Charles Kennedy

Days before the end of the current Administration, a U.S. banking industry regulator finalized a rule under which large American banks cannot deny lending money to oil and gas companies.…

Total, Apache Make Yet Another Oil Discovery Offshore Suriname

Total, Apache Make Yet Another Oil Discovery Offshore Suriname

Jan 14, 2021 at 13:44 | Tsvetana Paraskova

Total and Apache Corporation have made their fourth oil and gas discovery offshore Suriname in the Guyana-Suriname basin, the French supermajor said on Thursday. The discovery adds to numerous…

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