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Goldman: Oil Could Hit $85 In The Fourth Quarter

Goldman: Oil Could Hit $85 In The Fourth Quarter

A colder winter and soaring…

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…

Argentina Attempts To Revive Its Oil Boom

Argentina Attempts To Revive Its Oil Boom

Argentina’s government has unveiled a…

News

Nearby Planetary System Could Spark A New Space Race

Nearby Planetary System Could Spark A New Space Race

Aug 25, 2021 at 09:14 | ZeroHedge

Astronomers researched a planetary system only 35 light-years away that contains rocky exoplanets, and they found that it may have a planet in the habitable zone, the area around…

Saudi Arabia And Russia Sign New Military Agreement

Saudi Arabia And Russia Sign New Military Agreement

Aug 25, 2021 at 09:07 | RFE/RL staff

Saudi Arabia and Russia have signed a military cooperation agreement at an arms expo outside Moscow. Saudi Deputy Defense Minister Khalid bin Salman announced on Twitter…

Enbridge Scores Major Pipeline Victory

Enbridge Scores Major Pipeline Victory

Aug 25, 2021 at 08:55 | Tsvetana Paraskova

The Minnesota Supreme Court on Tuesday declined to hear an appeal filed by opponents of the Line 3 oil pipeline project, effectively allowing…

Biden Administration To Resume Oil Leasing On Federal Land

Biden Administration To Resume Oil Leasing On Federal Land

Aug 25, 2021 at 08:42 | Charles Kennedy

Oil and gas leasing on U.S. federal lands will resume later this year, sources from the Biden administration have said, according to court documents cited by Reuters.

Asia’s Appetite For U.S. Sour Crude Grows Amid Falling Prices

Asia’s Appetite For U.S. Sour Crude Grows Amid Falling Prices

Aug 25, 2021 at 08:17 | Tsvetana Paraskova

Refiners in Asia are looking to buy more U.S. sour crude as the Mars grade’s premiums over the Dubai benchmark fell to a two-week low, traders told Reuters on…

Disappointing Crude Draw Threatens Shaky Oil Rally

Disappointing Crude Draw Threatens Shaky Oil Rally

Aug 24, 2021 at 15:41 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.622 million barrels for the week ending August 20, bringing the total 2021 crude draw…

Citgo Could Help Venezuela’s Refineries Get Started

Citgo Could Help Venezuela’s Refineries Get Started

Aug 24, 2021 at 14:51 | Charles Kennedy

Refiner Citgo Petroleum, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, expects to play a “bridge” role in a Venezuelan transition once U.S. sanctions are lifted, and could help…

EU Considers Supporting Manufacturers Of Rare Earth Magnets

EU Considers Supporting Manufacturers Of Rare Earth Magnets

Aug 24, 2021 at 14:25 | Charles Kennedy

The European Union is considering proposals and ideas to support manufacturers of rare earth magnets—key elements in electric vehicles—as the EU looks to reduce supply chain dependence on China and…

Value Of Saudi Oil Exports Soared 123% In June

Value Of Saudi Oil Exports Soared 123% In June

Aug 24, 2021 at 14:13 | Tsvetana Paraskova

The value of Saudi Arabia’s oil exports jumped by 123.2 percent in June 2021 compared to the same month of 2020, the Kingdom’s General Authority for Statistics said on…

Russia To Allocate $8 Billion To Develop Its EV Market

Russia To Allocate $8 Billion To Develop Its EV Market

Aug 24, 2021 at 11:57 | Tsvetana Paraskova

Russia’s new electric vehicle (EV) strategy to have 10 percent of all cars produced electric through 2030 is set to cost the equivalent of $8 billion, Bloomberg reported on…

GM Recalls All Chevy Bolt EVs On Safety Concerns

GM Recalls All Chevy Bolt EVs On Safety Concerns

Aug 24, 2021 at 10:13 | Irina Slav

General Motors has extended a recall for its Chevy Bolt EV to all cars with that make it has produced on concerns about the combustibility of their batteries. The company…

Mexico's Oil Production Crashes As Fire Platform Fire Kills 5

Mexico's Oil Production Crashes As Fire Platform Fire Kills 5

Aug 24, 2021 at 09:02 | Charles Kennedy

A fire that broke out at a Pemex oil platform this Sunday during maintenance killed five workers and injured another six, Pemex said in a press release, adding that…

U.S. Strategic Oil Reserve Selloff May Suppress Fuel Prices

U.S. Strategic Oil Reserve Selloff May Suppress Fuel Prices

Aug 24, 2021 at 08:47 | Julianne Geiger

Gasoline prices may be a thorn in U.S. President Biden’s side, but a large sale of crude oil stashed in the Strategic Petroleum Reserve could change all that. The United…

Uganda Suspends NGOs Opposing Oil Projects

Uganda Suspends NGOs Opposing Oil Projects

Aug 23, 2021 at 13:22 | Tsvetana Paraskova

The government of Uganda has suspended 54 non-governmental organizations (NGOs) for non-compliance with local regulations, including organizations fighting to protect people’s rights from planned oil projects in the African country.…

Libya Needs 40% Rise In Oil Production To Start Economic Recovery

Libya Needs 40% Rise In Oil Production To Start Economic Recovery

Aug 23, 2021 at 13:00 | Tsvetana Paraskova

Libya will have to raise by 40 percent its oil production—its major and almost exclusive foreign revenue stream—next year in order to meet its expenditures and start restoring the economy…

Solar Energy Generation Declines Due To Wildfires

Solar Energy Generation Declines Due To Wildfires

Aug 23, 2021 at 12:50 | Charles Kennedy

Smoke from wildfires has reduced the amount of energy that solar panels can generate in southern Alberta this year, as particulate matter pollution prevents more sunlight from reaching the panels.…

Vaccine Mandates Reach Oil Industry

Vaccine Mandates Reach Oil Industry

Aug 23, 2021 at 11:18 | Charles Kennedy

U.S. oil and gas supermajor Chevron has started to require thousands of its employees to get COVID-19 vaccinations. Chevron is also considering whether it will make vaccines mandatory for its…

Turbine Makers Left Out in Cold As Wind Power Booms

Turbine Makers Left Out in Cold As Wind Power Booms

Aug 23, 2021 at 10:21 | Tsvetana Paraskova

Higher raw material prices and logistics delays have prevented the world’s biggest wind turbine makers from posting bumper profits this year despite booming wind power installations and the global drive…

Mexico Bans Vitol, Trafigura From Oil Trading With Pemex

Mexico Bans Vitol, Trafigura From Oil Trading With Pemex

Aug 23, 2021 at 07:59 | Charles Kennedy

The Mexican government has banned commodity trading majors Vitol and Trafigura from doing business with state-owned oil and gas major Pemex on allegations of corruption, Bloomberg reported, citing Energy…

Brazil Discusses Gas Pipeline From Vaca Muerta Shale With Argentina

Brazil Discusses Gas Pipeline From Vaca Muerta Shale With Argentina

Aug 22, 2021 at 04:18 | Charles Kennedy

Brazil is in talks with Argentina about potentially building a $5-billion natural gas pipeline from the Argentinian Vaca Muerta shale play, Brazilian President Jair Bolsonaro said during his weekly live…

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