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Breaking News:

ADNOC Buys 12% Stake in Rio Grande LNG

A Coal Stock Worth Buying?

A Coal Stock Worth Buying?

Buying coal stocks is not…

New Tech Could Make Solar Panels More Efficient

New Tech Could Make Solar Panels More Efficient

Researchers have found that incorporating…

News

China’s Oil Major CNOOC Boosts Capex To 7-Year High Despite Pandemic

China’s Oil Major CNOOC Boosts Capex To 7-Year High Despite Pandemic

Feb 05, 2021 at 09:33 | Irina Slav

Chinese state oil and gas company CNOOC will boost its capital spending this year to the highest in seven years, thanks to a 5-percent increase in domestic output. Reuters

Alberta Wants To Make The U.S. Pay For Scrapped Keystone XL

Alberta Wants To Make The U.S. Pay For Scrapped Keystone XL

Feb 04, 2021 at 17:44 | Julianne Geiger

Alberta, Canada’s oil heartland, may seek compensation from the United States after newly inaugurated President Joe Biden moved to nix the Keystone XL Pipeline, Bloomberg said on Thursday. Alberta…

Norway’s $1.2-Trillion Wealth Fund To Fight Corruption At National Oil Companies

Norway’s $1.2-Trillion Wealth Fund To Fight Corruption At National Oil Companies

Feb 04, 2021 at 16:57 | Tsvetana Paraskova

Norway’s oil fund, as the world’s biggest sovereign wealth fund is commonly known, will expand its scrutiny for possible corruption at national oil companies under strengthened guidelines from the fund’s…

Denmark To Build Wind Energy Hub On Artificial Island In The North Sea

Denmark To Build Wind Energy Hub On Artificial Island In The North Sea

Feb 04, 2021 at 15:32 | Charles Kennedy

Denmark will build an artificial island in the North Sea, which will serve as a wind energy hub eventually capable of meeting the electricity consumption of 10 million European households…

Solar Firms Vow To Prevent China Forced Labor In Supply Chain

Solar Firms Vow To Prevent China Forced Labor In Supply Chain

Feb 04, 2021 at 14:46 | Charles Kennedy

As many as 175 solar manufacturers and power companies, including Tesla and Duke Energy, pledged on Thursday to create supply chain traceability to ensure the products they use are…

Saudi Arabia Raises Oil Prices To U.S. And Europe

Saudi Arabia Raises Oil Prices To U.S. And Europe

Feb 04, 2021 at 12:26 | Tsvetana Paraskova

The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while…

India Worried About Rapid Oil Price Rally

India Worried About Rapid Oil Price Rally

Feb 04, 2021 at 10:35 | Irina Slav

India’s Petroleum Minister Dharmendra Pradhan has warned that higher oil prices could interfere with global economic recovery in the latest signal from New Delhi—one of the world’s biggest drivers…

Mexico Halts AMLO’s Push For State Controlled Electricity Market

Mexico Halts AMLO’s Push For State Controlled Electricity Market

Feb 04, 2021 at 09:28 | Charles Kennedy

The Supreme Court of Mexico ruled against proposed changes to how the country’s electricity market is regulated, saying they would prioritize the state utility over private companies, which was unconstitutional.…

U.S. Oil Production On Course To Hit Record Levels In 2023

U.S. Oil Production On Course To Hit Record Levels In 2023

Feb 03, 2021 at 16:43 | Julianne Geiger

U.S. oil production fell sharply in 2020, but the Energy Information Administration is expecting it to pick back up and even set new records in just two years, it said…

Understanding The True Cost Of Net Zero Emissions

Understanding The True Cost Of Net Zero Emissions

Feb 03, 2021 at 16:36 | Michael Kern

The journey to net-zero emissions will have a cost for everyone, and policymakers should clearly explain this to consumers, Total’s chairman and CEO Patrick Pouyanné told CNBC’s Steve Sedgwick…

Did President Biden Really Ban Fracking?

Did President Biden Really Ban Fracking?

Feb 03, 2021 at 13:31 | Robert Rapier

In late 2019, as various candidates jockeyed to win the Democratic nomination for president, Elizabeth Warren made the statement that she would “ban fracking everywhere.” It was just…

U.S. Oil Exports Soar To Record High At Louisiana Port

U.S. Oil Exports Soar To Record High At Louisiana Port

Feb 03, 2021 at 13:08 | Tsvetana Paraskova

Crude oil exports from the only deep-water port in the United States, Louisiana Offshore Oil Port, doubled in January from December to a record high, driven by robust demand from…

How Reddit Investors Shook The Silver Market

How Reddit Investors Shook The Silver Market

Feb 03, 2021 at 12:57 | MINING.com

Robinhood’s army of small retail investors may have failed to storm the silver market, but the online broker’s devotees certainly gave it an almighty shake. The…

The Electric Vehicle War Is Heating Up In China

The Electric Vehicle War Is Heating Up In China

Feb 03, 2021 at 12:14 | Tsvetana Paraskova

The EV unit of property giant China Evergrande said on Wednesday that it had started trial production of electric vehicles and showed photos and videos of SUVs on a…

Oil Prices Rally As OPEC+ Maintains Its Production Policy

Oil Prices Rally As OPEC+ Maintains Its Production Policy

Feb 03, 2021 at 11:29 | Tsvetana Paraskova

The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make any recommendation about…

The UK Stands By Its Controversial Coal Mine Decision

The UK Stands By Its Controversial Coal Mine Decision

Feb 03, 2021 at 11:08 | MINING.com

Despite pressure from the UK’s climate change advisors, Prime Minister Boris Johnson’s office says it will not intervene in Cumbria County Council’s decision to approve the country’s first…

Brazil's Petrobras Exports Record Amount Of Crude In January

Brazil's Petrobras Exports Record Amount Of Crude In January

Feb 03, 2021 at 09:15 | Irina Slav

Petrobras exported a record amount of crude oil in January this year, Argus reports, at 19.3 million bpd through the Angra dos Reis terminal. The Brazilian state energy major…

U.S. To Detain Iranian Oil Cargo Traveling To United States

U.S. To Detain Iranian Oil Cargo Traveling To United States

Feb 03, 2021 at 09:02 | Tsvetana Paraskova

The United States is seeking to detain the oil aboard a tanker traveling to the U.S., alleging that Iran’s Islamic Revolutionary Guard Corps (IRGC) has created a scheme to covertly…

Oil Rebounds On Bullish API Inventory Data

Oil Rebounds On Bullish API Inventory Data

Feb 02, 2021 at 15:45 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.261 million barrels for the week ending January 29, along with gasoline, distillate, and Cushing…

China Set To Add 140 GW Renewable Energy Capacity In 2021

China Set To Add 140 GW Renewable Energy Capacity In 2021

Feb 02, 2021 at 15:38 | Charles Kennedy

China is expected to add 140 gigawatts (GW) of renewable energy power generation this year as its electricity consumption continues to grow, according to forecasts from the China Electricity Council…

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