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Strong Dollar Keeps Lid On Oil Price Rally

Strong Dollar Keeps Lid On Oil Price Rally

Oil prices rose this week…

China's Historic Decision To Stop Hoarding Oil

China's Historic Decision To Stop Hoarding Oil

China has made a historic…

Chipmaker And Electric Vehicle Stocks Set To Soar This Year

Chipmaker And Electric Vehicle Stocks Set To Soar This Year

Chipmakers and electric vehicle producers…

News

Oil And Gas Once Again In U.S. Government Crosshairs

Oil And Gas Once Again In U.S. Government Crosshairs

Aug 30, 2021 at 16:54 | Julianne Geiger

The U.S. Federal Trade Commission is investigating how it can crack down on oil and gas mergers and whether gas station franchises are artificially sending retail gasoline prices up, according…

Rising Energy Prices Send German Inflation To 13-Year High

Rising Energy Prices Send German Inflation To 13-Year High

Aug 30, 2021 at 14:42 | Tsvetana Paraskova

Higher energy prices pushed Germany’s annual inflation to a 13-year high in August, as household energy, motor fuels, and food prices jumped, preliminary data showed on Monday. Germany’s harmonized…

China’s Oil Giants Bet On Low-Carbon Drive

China’s Oil Giants Bet On Low-Carbon Drive

Aug 30, 2021 at 14:34 | Charles Kennedy

While reporting materially higher profits thanks to increased oil demand and prices this year, China’s top oil firms tout the acceleration of investment in low-carbon energy sources as part of…

Crisis Made Largest U.S. Oil Firms Book Highest Writeoffs Since 2015

Crisis Made Largest U.S. Oil Firms Book Highest Writeoffs Since 2015

Aug 30, 2021 at 13:37 | Tsvetana Paraskova

Due to the oil and gas price collapse last year, the 50 largest listed exploration and production companies in the United States booked a total of $66.6 billion in impairment…

Libya’s Oil Industry Dispute Grows As Minister Suspends NOC Head

Libya’s Oil Industry Dispute Grows As Minister Suspends NOC Head

Aug 30, 2021 at 11:36 | Charles Kennedy

The tension among Libya’s top oil officials escalated on Sunday when Oil Minister Mohamed Oun said he had suspended the chairman of the National Oil Corporation (NOC), which is…

Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas

Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas

Aug 30, 2021 at 10:13 | Tsvetana Paraskova

State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting as an export agent, Russian…

Canadian Liberals Vow Stricter Emission Regulation On Oil Industry

Canadian Liberals Vow Stricter Emission Regulation On Oil Industry

Aug 30, 2021 at 08:55 | Irina Slav

The oil industry of Canada is facing more stringent regulation if the Liberals win the next election, according to a new platform published this weekend. In it, the ruling…

Libyan Firm Stops Oil Production On Lack Of Funds

Libyan Firm Stops Oil Production On Lack Of Funds

Aug 27, 2021 at 15:54 | Charles Kennedy

The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money, Arab News has reported, citing the company’s Facebook…

EPA Proposes Biofuel Mandate Cut In Win For Oil Refiners

EPA Proposes Biofuel Mandate Cut In Win For Oil Refiners

Aug 27, 2021 at 11:26 | Charles Kennedy

The Environmental Protection Agency has proposed a retroactive reduction in biofuel mandates, effective 2020, in very welcome news to oil refiners who have been complaining of the costly mandates. Citing…

Woodside: Gulf Of Mexico Has Solid Growth Potential

Woodside: Gulf Of Mexico Has Solid Growth Potential

Aug 27, 2021 at 09:22 | Irina Slav

The Gulf of Mexico offers some good growth opportunities thanks to the quality assets BHP operates there, Australia’s Woodside Petroleum’s chief executive Meg O’Neill told MarketWatch. "One of the…

Oil Firms Evacuate Gulf Of Mexico Platforms Ahead Of Hurricane Ida

Oil Firms Evacuate Gulf Of Mexico Platforms Ahead Of Hurricane Ida

Aug 27, 2021 at 08:27 | Tsvetana Paraskova

The biggest oil producers in the U.S. Gulf of Mexico started evacuating offshore platform workers on Thursday and some shut in oil and gas production ahead of tropical storm Ida…

Oil Majors Interested In Buying India’s Third-Largest Refiner BPCL

Oil Majors Interested In Buying India’s Third-Largest Refiner BPCL

Aug 26, 2021 at 14:57 | Tsvetana Paraskova

Large oil companies from the Middle East and Russia are interested in joining the bids of U.S. investment funds for buying the majority stake in India’s third-biggest oil refiner, Bharat…

Climate Group Sues Oil Firm Over Net-Zero Claims In A World First

Climate Group Sues Oil Firm Over Net-Zero Claims In A World First

Aug 26, 2021 at 14:53 | Tsvetana Paraskova

The Australasian Centre for Corporate Responsibility (ACCR) filed on Thursday a lawsuit with the Federal Court of Australia, challenging claims of energy giant Santos that natural gas provides “clean…

Asset Manager: ESG Trend Raises Borrowing Costs For Oil Firms

Asset Manager: ESG Trend Raises Borrowing Costs For Oil Firms

Aug 26, 2021 at 11:08 | Tsvetana Paraskova

The environmental, social and governance trend, and investor concerns about company ESG performance have led to a spike in borrowing costs for oil companies as investors are increasingly pressured to…

U.S. Signals Readiness To Compromise With Iran

U.S. Signals Readiness To Compromise With Iran

Aug 26, 2021 at 10:54 | Irina Slav

The United States is ready to make concessions on some “difficult issues” in the Iran nuclear talks, the lead U.S. negotiator in the talks, Robert Malley, has said as

India To Boost LNG Import Capacity By 12%

India To Boost LNG Import Capacity By 12%

Aug 26, 2021 at 09:12 | Irina Slav

India is planning to expand its import capacity for liquefied natural gas by 12 percent by building a new floating import terminal in the western state of Gujarat. The terminal…

Line 3 Opponents Rally In Minnesota

Line 3 Opponents Rally In Minnesota

Aug 26, 2021 at 08:54 | Irina Slav

Protesters gathered in front of the Minnesota State Capitol a day after the state’s Supreme Court allowed construction on the Enbridge Line 3 oil pipeline to proceed, calling on the…

U.S. Clean Energy Sector Welcomes $3.5 Trillion Budget Deal

U.S. Clean Energy Sector Welcomes $3.5 Trillion Budget Deal

Aug 25, 2021 at 13:17 | Charles Kennedy

U.S. clean energy associations hailed the House’s vote on Tuesday to approve a budget resolution to advance the $3.5 trillion Congressional budget deal, which has earmarked resources to accelerate…

Power Sector Emissions Soar As Electricity Demand Rebounds

Power Sector Emissions Soar As Electricity Demand Rebounds

Aug 25, 2021 at 12:50 | Charles Kennedy

Global emissions from power generation bounced back above pre-pandemic levels as the growth in clean power generation wasn’t enough to meet soaring electricity demand, climate and energy think tank Ember…

Court: Nord Stream 2 Gas Pipeline Not Exempt From EU Rules

Court: Nord Stream 2 Gas Pipeline Not Exempt From EU Rules

Aug 25, 2021 at 12:43 | Tsvetana Paraskova

The Nord Stream 2 gas pipeline from Russia to Germany will have to obey European Union regulations that separate owners of the pipelines from suppliers of gas, a German court…

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