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Article Archive | Page 2

Oil Prices Falter On Colossal Crude Inventory Build

Mar 03, 2021 at 09:43

Crude oil prices dropped today after the Energy Information Administration reported what can only be described as a colossal crude oil inventory build of 21.6 million barrels for the…

OPEC+ Considers Keeping Oil Cuts Unchanged Through April

Mar 03, 2021 at 08:45

The OPEC+ group is considering keeping their collective oil production cuts in April, given the still-fragile global demand recovery, three OPEC+ sources told Reuters on Wednesday. OPEC and its…

Oil Rally Stumbles On OPEC+ Uncertainty

Mar 02, 2021 at 17:30

A rally that pushed oil prices higher than they were immediately before the pandemic struck has faltered on uncertainty around OPEC+ and a stronger dollar. Hedge fund oil buying reflected…

Iran To Join LNG Race In Asia With Huge North Pars Development

Mar 02, 2021 at 16:47

With Asian spot liquefied natural gas (LNG) prices having risen to unprecedented levels in January and the outlook remaining extremely robust Iran believes now is the time to move full…

Australia Boosts LNG Spending To Compete With Qatar

Mar 02, 2021 at 16:05

Australia’s LNG operators are set to approve gas drilling and LNG infill projects worth more than US$10 billion this year in a bid to stay competitive in a very dynamic…

Bloomberg’s Hottest Energy Picks For 2021

Mar 02, 2021 at 14:21

Bloomberg Intelligence has announced its 50 companies to watch 2021 and several energy firms from different backgrounds and power sources made the cut.  NextEra, Repsol, Sunpower,…

What To Expect From The Upcoming OPEC+ Meeting

Mar 02, 2021 at 13:33

After breaking the $50 barrier last year, oil prices are currently trading above $60. The major drivers behind this rally include the rise…

Oil Markets On Edge Ahead Of OPEC+ Meeting

Mar 02, 2021 at 11:59

Investor Alert! Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to…

Everything You Need To Know About Musk’s New Passion Project

Mar 02, 2021 at 11:38

Elon Musk is nothing if not divisive. But if there’s one thing about the world’s richest man that people tend to agree on, it’s that he’s good at…

Middle East Producers Are Desperate For Higher Oil Prices

Mar 02, 2021 at 11:04

A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial…

Can Peru's Oil Industry Recover From A Disastrous 2020?

Mar 02, 2021 at 10:21

Peru’s oil industry is in crisis, with 2020 being one of its worst years on record. It was a year marred by the…

Venezuela Sees Oil Exports Rise Despite U.S. Sanctions

Mar 02, 2021 at 09:57

Venezuela’s crude oil exports rose last month despite Washington imposing new sanctions in January on several trading houses that worked with Caracas to export its oil.

Big Oil Clashes Over Fossil Fuel Future

Mar 02, 2021 at 07:27

Executives from major oil companies clashed over the prospects of oil and gas for the future at the first virtual edition of the CERAWeek conference in Houston. While BP’s Bernard…

3 Ways To Play The Next Commodity Supercycle

Mar 01, 2021 at 17:45

After a lackluster decade for commodities, a cross-section of Wall Street luminaries from Pimco to Point 72 is now predicting a broad commodity rally thanks to the so-called reflation trade.…

The Real Reason Why Iraq Paused Its Major Oil Deal With China

Mar 01, 2021 at 17:31

With a new man in the White House, Iraq’s Prime Minister, Mustafa al-Kadhimi, appears to believe that Iraq can begin a completely new cycle of playing off the U.S. against…

Deep Oil Cuts Put Africa At Serious Risk

Mar 01, 2021 at 16:58

About two decades ago, The Economist [infamously] dubbed Africa as the “Hopeless Continent”, claiming that the new millennium had brought more disaster than hope to Africa with threats of famine…

Can Abandoned Oil Wells Be Used To Generate Geothermal Power?

Mar 01, 2021 at 16:06

“The decade of geothermal” is a phrase that is becoming increasingly common in media and energy industry gatherings as the international zero-emission push comes to include one of the most…

Oil Workers Move To Renewable Jobs, But The Pay Is Lower

Mar 01, 2021 at 14:54

As thousands of oil and gas jobs disappeared during the oil price and demand crash last year, more and more former oil workers moved to jobs in the clean energy…

OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3

Mar 01, 2021 at 13:42

Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent an…

Energy Transition Could Cut Oil Prices By $10 Per Barrel

Mar 01, 2021 at 13:01

The back-to-back downturns that exploration and production companies (E&Ps) have faced during the past decade have accelerated the energy transition, adding to growing social and regulatory demands for greener energy…

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