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Oil Prices Move Higher After a Volatile Week

Oil Prices Move Higher After a Volatile Week

After a volatile week, oil…

Israel Claims to Have Dealt a Serious Blow to Hezbollah

Israel Claims to Have Dealt a Serious Blow to Hezbollah

Israeli authorities claimed to have…

News

Renewable Power Projects Overtake Oil & Gas In Middle East

Renewable Power Projects Overtake Oil & Gas In Middle East

Jul 29, 2021 at 12:28 | Tsvetana Paraskova

Countries in the Middle East and North Africa (MENA) awarded as much as US$2.8 billion worth of renewable energy projects in the first half of 2021, compared to not a…

U.S. Gasoline Prices Rally Once Again After A Brief Dip

U.S. Gasoline Prices Rally Once Again After A Brief Dip

Jul 29, 2021 at 11:04 | Tsvetana Paraskova

U.S. gasoline prices started rising again after a brief respite last week, in which oil prices slumped following the OPEC+ decision to add additional crude supply to the market every…

India’s Renewable Industry To See $150 Billion Of Investment By 2030

India’s Renewable Industry To See $150 Billion Of Investment By 2030

Jul 29, 2021 at 10:49 | Irina Slav

India’s renewable energy industry could see equity investments of some $150 billion by 2030, according to Gaurav Singhal, managing director at Bank of America’s Indian division. These deals will invariably…

Senate Advances Debate On $550 Billion Infrastructure Bill

Senate Advances Debate On $550 Billion Infrastructure Bill

Jul 29, 2021 at 10:21 | Tsvetana Paraskova

The U.S. Senate voted on Wednesday to begin deliberations on a $550-billion infrastructure bill after a bipartisan working group announced the measure had garnered enough support. The bill,…

OMV: Nord Stream 2 Could Start Shipping Gas This Year

OMV: Nord Stream 2 Could Start Shipping Gas This Year

Jul 29, 2021 at 09:37 | Charles Kennedy

The Russia-led Nord Stream 2 natural gas pipeline could begin shipping gas as soon as this year, one of the western investors in the project, Austria’s OMV, said on Wednesday.…

Top Investors Back $5.4 Billion TPG Rise Climate Fund

Top Investors Back $5.4 Billion TPG Rise Climate Fund

Jul 28, 2021 at 13:39 | Charles Kennedy

Alternative asset firm TPG announced this week the first close of $5.4 billion in subscriptions to its TPG Rise Climate fund, which attracted some of the world's largest institutional…

Top Three U.S. Refiners Set For First Profits Since Pandemic Started

Top Three U.S. Refiners Set For First Profits Since Pandemic Started

Jul 28, 2021 at 12:46 | Tsvetana Paraskova

The largest U.S. oil refiners are expected to report in the coming days profits for the second quarter—their first earnings since the pandemic crushed demand in early 2020, according to…

Value Of Saudi Oil Exports Jumps 147% In May

Value Of Saudi Oil Exports Jumps 147% In May

Jul 28, 2021 at 11:02 | Tsvetana Paraskova

Higher oil prices and higher exports resulted in a 147-percent jump in the value of Saudi Arabia’s oil exports in May 2021 compared to May 2020, data from the Kingdom’s…

The Tech Boom Is Sending Tin Prices Into The Stratosphere

The Tech Boom Is Sending Tin Prices Into The Stratosphere

Jul 28, 2021 at 11:00 | Metal Miner

Tin prices have soared to a record high on the LME, closing last week at $34,177 per metric ton. The closing price marked an increase of…

Why Won’t Foreign Investors Back Kazakhstan’s Renewable Revolution?

Why Won’t Foreign Investors Back Kazakhstan’s Renewable Revolution?

Jul 28, 2021 at 10:58 | Eurasianet

In May, Kazakhstan’s president upped the stakes for the country’s renewable energy agenda. The plan is no longer for 10 percent…

Environmentalists Take Aim At UK’s North Sea Oil Plan

Environmentalists Take Aim At UK’s North Sea Oil Plan

Jul 28, 2021 at 10:55 | City A.M

The High Court has today agreed to hear a case brought by environmental campaigners claiming that the government’s plans for the North Sea oil basin are unlawful.

Russia Was World’s Second-Largest Oil Producer In H1 2021

Russia Was World’s Second-Largest Oil Producer In H1 2021

Jul 28, 2021 at 10:14 | Irina Slav

Russia was the world’s second-largest producer in the first five months of this year after the United States, data from Rosstat, the state statistics bureau, has revealed. The country produced…

Senators Accuse Interior Dept Of Deliberately Delaying Restart Of Oil Leasing

Senators Accuse Interior Dept Of Deliberately Delaying Restart Of Oil Leasing

Jul 28, 2021 at 09:29 | Charles Kennedy

Republican Senators have accused Interior Secretary Deb Haaland of defying a ruling by a federal judge to restart oil leases, issued in response to a temporary suspension—a pause, as it…

Inventory Draws Across The Board Lift Prices

Inventory Draws Across The Board Lift Prices

Jul 27, 2021 at 15:49 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 4.728 million barrels for the week ending July 23, bringing the total 2021 crude draw…

Germany Needs To Significantly Speed Up Wind Power Installations

Germany Needs To Significantly Speed Up Wind Power Installations

Jul 27, 2021 at 14:02 | Tsvetana Paraskova

Even the 62-percent yearly jump in wind capacity installations in Germany in the first half of 2021 is not enough to meet the national and EU level of wind additions,…

Mexico’s New Refinery Is In Area Pemex Vowed To Protect

Mexico’s New Refinery Is In Area Pemex Vowed To Protect

Jul 27, 2021 at 13:32 | Charles Kennedy

The planned Dos Bocas refinery in Mexico, the favorite project of Mexican President Andrés Manuel López Obrador for weaning the country off fuel imports, sits in a protected area which…

Court Rules Against Africa’s Richest Woman In Oil Asset Case

Court Rules Against Africa’s Richest Woman In Oil Asset Case

Jul 27, 2021 at 11:37 | Charles Kennedy

The International Court of Arbitration in the Netherlands has ruled that Angola’s state oil firm Sonangol is the sole owner of an indirect stake in Portuguese energy company Galp, which…

Japan Energy Transition Threatens LNG Demand

Japan Energy Transition Threatens LNG Demand

Jul 27, 2021 at 10:37 | Irina Slav

Japan’s ambitious energy shift to renewables is threatening future demand for liquefied natural gas as the country is the world’s largest importer of the commodity, Bloomberg reports. Japan last…

Tesla Smashes Expectations With Q2 Earnings

Tesla Smashes Expectations With Q2 Earnings

Jul 27, 2021 at 09:29 | Charles Kennedy

Tesla reported over $1 billion in net profits for the second quarter, beating analyst expectations for its financial performance along with record production and delivery numbers. The second-quarter net…

Shell Greenlights First Project Since Defeat In Dutch Court

Shell Greenlights First Project Since Defeat In Dutch Court

Jul 27, 2021 at 08:52 | Julianne Geiger

Energy transition or no, Shell has given the go-ahead of its Whale deepwater project in the Gulf of Mexico, according to a Shell press release on Monday. It would…

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