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  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
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Big Oil Clashes Over Fossil Fuel Future

Big Oil Clashes Over Fossil Fuel Future

Executives from major oil companies…

News

Texas May Lack Authority To Enforce Ban On Natural Gas Exports

Texas May Lack Authority To Enforce Ban On Natural Gas Exports

Feb 19, 2021 at 14:46 | Charles Kennedy

The Texas Railroad Commission may not have the authority to enforce the Texas Governor’s mandate to ban natural gas exports out of the state as it would interfere with corporate…

Some Of Texas' Biggest Refineries Could Take Weeks To Restart

Some Of Texas' Biggest Refineries Could Take Weeks To Restart

Feb 19, 2021 at 14:35 | Charles Kennedy

Some of the largest oil refineries in Texas could take weeks to restart as they would need to repair the damages from the big Texas freeze, Bloomberg reports, citing…

ERCOT Declares

ERCOT Declares "End" To Texas "Emergency Conditions"

Feb 19, 2021 at 11:29 | ZeroHedge

Texas power grid operator "ERCOT" officials lift emergency conditions today. They said, "we have left the last stage of emergency operations - so we're completely back to normal…

Pemex’s Oil Production Increase Is More Illusion Than Reality

Pemex’s Oil Production Increase Is More Illusion Than Reality

Feb 19, 2021 at 10:35 | Irina Slav

Mexico’s Pemex reported its oil production grew last year, for the first time in fifteen years. However, there’s a big catch—the increase was only a result of how the company…

Mexican President Urges Population To Conserve Energy Amid Power Shortage

Mexican President Urges Population To Conserve Energy Amid Power Shortage

Feb 19, 2021 at 09:28 | Irina Slav

Mexico’s President Andres Manuel Lopez Obrador has urged people to reduce their power consumption amid a shortage caused by the Texas deep freeze that prompted the state to restrict natural…

Ford To Go All-Electric In Europe By 2030

Ford To Go All-Electric In Europe By 2030

Feb 19, 2021 at 09:03 | Charles Kennedy

Ford Motor Company became the latest automaker to target an all-electric lineup, saying on Wednesday that it would move to all-electric passenger vehicles in Europe by 2030. “Ford today is…

Mexico Overhauls Its Huge Oil Hedge

Mexico Overhauls Its Huge Oil Hedge

Feb 18, 2021 at 17:54 | Julianne Geiger

Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is getting more than just a facelift. Instead…

Tesla Model 3 Is Consumer Reports’ Top Pick For Electric Car

Tesla Model 3 Is Consumer Reports’ Top Pick For Electric Car

Feb 18, 2021 at 16:36 | Tsvetana Paraskova

Tesla Model 3 is the Top Pick in the electric car category of the annual ‘Best Cars of the Year’ report of Consumer Reports released on Thursday. In ‘The…

U.S. LNG Exports Set To Exceed Pipeline Gas Exports Next Year

U.S. LNG Exports Set To Exceed Pipeline Gas Exports Next Year

Feb 18, 2021 at 14:57 | Tsvetana Paraskova

Exports of liquefied natural gas (LNG) out of the United States are set to exceed America’s gross natural gas exports via pipeline on an annual basis in 2022, the U.S.…

Why Investors Are Buying Bonds Of The World's Most Indebted Oil Company

Why Investors Are Buying Bonds Of The World's Most Indebted Oil Company

Feb 18, 2021 at 13:14 | Charles Kennedy

Despite the fact that the yield on the benchmark bonds of Mexico’s Pemex is so high that it would typically mean a company is on its way to default, investors…

Volkswagen Shares Jump After News Of Possible Porsche Listing

Volkswagen Shares Jump After News Of Possible Porsche Listing

Feb 18, 2021 at 11:25 | ZeroHedge

VW shares are on the rise Thursday after reports that the company is weighing a listing of its Porsche brand, "among other options" to unlock value. VW preferred shares were…

Iraq Boosts Oil Exports In Early February Despite OPEC+ Pledge

Iraq Boosts Oil Exports In Early February Despite OPEC+ Pledge

Feb 18, 2021 at 10:35 | Tsvetana Paraskova

OPEC’s second-largest producer, Iraq, boosted its crude oil exports by 4.4 percent to 3.44 million barrels per day (bpd) in the first two weeks of February, data compiled by Bloomberg…

Texas Governor Bans Natural Gas Exports

Texas Governor Bans Natural Gas Exports

Feb 18, 2021 at 09:31 | Charles Kennedy

Texas Governor Greg Abbott has banned the exports of natural gas until normal power supply is restored, Reuters reports, citing a statement by the governor. The export ban is…

WTI Climbs Above $61 As Crude Stocks Dwindle

WTI Climbs Above $61 As Crude Stocks Dwindle

Feb 17, 2021 at 15:49 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.8 million barrels for the week ending February 12. Analysts had predicted an inventory draw…

Saudi Arabia Warns Oil Producers To Remain “Extremely Cautious”

Saudi Arabia Warns Oil Producers To Remain “Extremely Cautious”

Feb 17, 2021 at 12:33 | Tsvetana Paraskova

Oil producers need to remain extremely cautious as uncertainty on the market is still very high, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on Wednesday at the…

BP Launches Award Scheme To Rally Employee Support For Renewables

BP Launches Award Scheme To Rally Employee Support For Renewables

Feb 17, 2021 at 10:42 | Charles Kennedy

Oil supermajor BP is launching a share award scheme for its 60,000-strong workforce to rally support for the company’s renewable energy shift spearheaded by chief executive Bernard Looney who took…

Russia, Saudi Arabia Vow Continued Coordination In Oil Policy

Russia, Saudi Arabia Vow Continued Coordination In Oil Policy

Feb 17, 2021 at 08:57 | Tsvetana Paraskova

Saudi Arabia and Russia would like to continue their coordination to support oil market stability, the leaders of the two most influential members of the OPEC+ production pact said during…

Gasoline Prices Could Hit $3

Gasoline Prices Could Hit $3

Feb 17, 2021 at 08:38 | Irina Slav

The price of gasoline at the pump could reach $3 per gallon because of the cold snap that froze oil wells and pipelines and caused blackouts that prompted unit shutdowns…

Tesla Prepares To Build EV Factory In India

Tesla Prepares To Build EV Factory In India

Feb 16, 2021 at 16:13 | Tsvetana Paraskova

Tesla (NASDAQ:TSLA) will set up a car manufacturing unit in India, the chief minister of the state of Karnataka has said, as the U.S. electric vehicle…

Where Did The ‘Missing Barrels’ From 2020s Oil Glut Go?

Where Did The ‘Missing Barrels’ From 2020s Oil Glut Go?

Feb 16, 2021 at 15:16 | Tsvetana Paraskova

While analysts and industry officials hail the tightening of the oil market and the rebalancing of supply and demand, the huge build of global stocks last year poses the…

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