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Article Archive | Page 2

Brazil's Oil Major Believes Net Zero Emissions Is A 'Fad'

Dec 02, 2020 at 11:01

Petrobras continues to bet on oil and is not going for the net-zero emission "fad" as all European oil majors have done, Roberto Castello Branco, the chief executive of Brazil's…

Oil Prices Hold Steady Despite Rising Fuel Stocks

Dec 02, 2020 at 09:43

Crude oil prices hesitated today after the Energy Information Administration reported an oil inventory draw of 700,000 barrels for the week to November 27 but a sizeable build in…

Traders Haven’t Been This Bullish On Oil Since August

Dec 02, 2020 at 08:45

Since pharmaceutical companies started announcing vaccine breakthroughs three weeks ago, the oil market has seen the gloom from the soaring coronavirus cases turn into optimism that vaccine availability would help…

Why An Air Travel Recovery Won’t Spark An Oil Rally

Dec 01, 2020 at 16:56

Oil demand isn’t going to see a bump from air travel demand anytime soon, or so the International Air Transport Association (IATA) said in a recent press release.  And when…

How 3D Printing Will Reshape The Oil And Gas Industry

Dec 01, 2020 at 16:34

With multiple new technologies being introduced to the suffering oil and gas industry in 2020, 3D printing is the latest fad to gain traction in the space. Additive…

Oil Price Crash Crushes New Mexico’s Hope For Free College

Dec 01, 2020 at 15:52

New Mexico was, until recently, a lucky state. Despite being one of the states with the weakest economies—and high unemployment—New Mexico had the Permian, and oil revenues from…

Century Old Space Science Revives Solar Power Dream

Dec 01, 2020 at 14:46

The economic and industrial turmoil created by the novel coronavirus pandemic will forever be associated with the year 2020, but its impact will be much farther reaching and…

Norway To End Oil Production Cuts On December 31st

Dec 01, 2020 at 13:21

Western Europe’s largest oil producer, Norway, will be ending the government-imposed oil production cuts at the end of the year, the Ministry of Petroleum and Energy said on Tuesday,…

Oil Prices Drop On OPEC+ Uncertainty

Dec 01, 2020 at 12:30

Oil prices fell on Tuesday morning as OPEC+ failed to reach an agreement regarding production cuts in 2021, with the three most influential members all disagreeing on how to proceed.

Venezuela Triples Oil Exports Using Ghost Tankers

Dec 01, 2020 at 11:28

Venezuela boosted its crude oil exports nearly threefold in November to more than 500,000 barrels per day (bpd), including by hiding the true identity of tankers to avoid detection, Bloomberg…

Tackling The Natural Gas Industry’s Biggest Problem

Dec 01, 2020 at 11:01

It’s undeniable that the global energy sector is trending toward decarbonization. Catalyzed by the rough blows that the novel coronavirus pandemic dealt to the oil industry, the global…

Japan And Kuwait Strike Major Oil Storage Deal

Dec 01, 2020 at 10:03

Japan and Kuwait have struck a deal to store crude oil for Southeast Asia in Japan in a bid to boost the region’s oil supply network, which is currently…

Exxon Breaks With Tradition, Announces $20 Billion Oil Asset Write-Down

Dec 01, 2020 at 09:00

Exxon has finally broken with its tradition to never write down its assets. Exxon has announced massive writedowns of between $17 billion and $20 billion due to the pandemic…

Is Exxon's Dividend Too High To Justify?

Nov 30, 2020 at 17:02

The energy sector has emerged as the best performer over the past few weeks, with WTI crude prices climbing to their highest level in nearly eight months thanks…

U.S. Oil Production Is On The Rise Again

Nov 30, 2020 at 16:50

Crude oil production, including lease condensate, in the United States rose in September to 10.860 million barrels per day on average, according to the Energy Information Administration’s monthly…

U.S. Oil Demand Set To Soar In The Coming Months

Nov 30, 2020 at 14:32

Despite the surge in coronavirus cases in recent weeks, crude oil demand in the United States could be on track to increase in the coming months as inventories…

Natural Gas Demand Will Grow For Decades To Come

Nov 30, 2020 at 12:51

The “bridge fuel” narrative for natural gas is being replaced. Not so easily replaced, however, is the demand for natural gas. Natural gas—just a couple of…

OPEC+ Rumors Send Oil Prices Diving

Nov 30, 2020 at 12:43

While there was a lot of uncertainty about the OPEC+ meeting, this headline (from Bloomberg) was not one of them... *SAUDI ARABIA MULLS RESIGNING ROLE AS CO-CHAIR OF…

Is Brazil’s Oil Boom In Danger?

Nov 30, 2020 at 11:12

Brazil’s massive offshore oil boom, notably in the deepwater offshore pre-salt oilfields, is continuing to grow despite weaker oil prices and the sharp impact of the COVID-19 pandemic.…

Venezuela’s Oil Crisis Is An Environmental Time Bomb

Nov 30, 2020 at 11:01

The international media think tanks and government agencies have discussed at length the near failure of Venezuela, once Latin America’s most stable and developed nation, and the emergence…

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