• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
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Article Archive | Page 2

Taiwan Detains Chinese Oil Tanker

Aug 10, 2020 at 10:01

Taiwan has detained a Chinese tanker for allegedly illegal entry into its territorial waters, Taiwanese media report, adding that the six-member crew has been arrested. Taiwan has stepped up…

Saudi Aramco Sticks With Big Dividend Despite Oil Crash

Aug 10, 2020 at 09:08

Saudi Arabia’s oil giant Aramco said it will distribute dividends of $18.75 billion for the second quarter despite taking a severe hit to its earnings from the oil price crash…

The Oil And Gas Industry Is Going Remote

Aug 07, 2020 at 13:57

If there was one thing the last oil price crisis proved, it was this: despite the devastation that low oil prices can wreak on an industry, they can…

Alberta Missed Its Chance To Mint A Province Of Oil Millionaires

Aug 07, 2020 at 13:57

Back in 2014, every citizen in oil-rich Norway became a theoretical millionaire after the country's oil fund - the world's largest sovereign wealth fund - crossed the $1…

Libya's Oil Blockade Will Help Clear The Global Supply Glut

Aug 07, 2020 at 16:11

Libya's port blockade is set to keep the North African country's oil off the market until at least the fourth quarter of 2020, which, as devastating as it will be…

Are Oil Majors Giving Up On Guyana?

Aug 07, 2020 at 13:57

Guyana has become one of the main upstream stars of the past decade, rising from zero to hero in less than 5 years. Much of Guyana’s rise to…

Europe’s First Geothermal Lithium Recovery Plant To Be Built In The UK

Aug 07, 2020 at 13:57

The UK government announced plans to invest, through its Getting Building Fund, in the construction of Europe’s first geothermal lithium recovery pilot plant at a location near Redruth,…

Weak Oil Demand Could Spark Another Market Share Showdown

Aug 07, 2020 at 13:48

Saudi Arabia, the world’s top oil exporter and the main force behind the OPEC+ production cuts, faces a too familiar dilemma just four months into the new collective…

COVID-19 Is Causing The GCC To Crumble

Aug 07, 2020 at 13:43

May 25 marked the 39th anniversary of the founding of the Gulf Cooperation Council (GCC). Across the Gulf, the occasion was welcomed as an opportunity to reflect on…

Is The OPEC+ Alliance Coming To An End?

Aug 07, 2020 at 13:42

It’s been a wild and bumpy ride for OPEC+ this year. The consortium, consisting of the traditional members of the Organization of the Petroleum Exporting Countries plus oil…

Massive Losses Force Glencore To Slash Dividends

Aug 07, 2020 at 13:17

Miner and commodities trader giant Glencore (LON: GLEN) posted a $2.6 billion loss for the first half of the year and scrapped its…

Controversial Nuclear Plant In Belarus Nears Completion

Aug 07, 2020 at 13:14

Belarus has begun loading fuel into the first of two reactors at its new Russian-built Astravets nuclear power plant, which it says it expects to become

Oil Prices Post Weekly Gain Despite Struggling Demand

Aug 07, 2020 at 16:08

Oil prices were down early on Friday as demand concerns persist, but prices were on track for a weekly gain after hitting a five-month high as the U.S. dollar weakened…

COVID Fears Cause Oil To Fall Back After A Brief Rally

Aug 07, 2020 at 12:40

Oil spiked on a larger than expected inventory draw this week, but fears of a second wave of COVID have caused crude prices to retreatFor Global Energy Alert…

Going Green Is Easier Done Than Said For The U.S.

Aug 07, 2020 at 12:17

As the rest of the world follows the global trajectory toward an energy transition, moving away from fossil fuels to alternative forms of energy, whether in the interest…

U.S. Oil Rig Count Falls To Lowest Level Since 2009

Aug 07, 2020 at 12:17

Baker Hughes reported on Friday that the combined oil and gas rig count in the U.S. fell this week by 4, to 247. The total oil and gas rigs are…

COVID Fears Drive Oil Prices Downwards

Aug 07, 2020 at 11:39

U.S. West Texas Intermediate crude oil futures are trading lower on Friday but in a position to close out the week with a small gain after hitting a multi-month high…

Shale Productivity Is Reaching Its Limit

Aug 07, 2020 at 11:39

1. Gold prices surge- Gold hit a new high this week, closing over $2,000 per…

A Unique Oil And Gas Earnings Season

Aug 07, 2020 at 11:37

COVID Market Update The oil and gas market’s appetite is now shifting. As dismal Q2 financials flood in, lowered market expectations is seeing disastrous quarterlies as bad, and bad quarterlies…

Explaining Saudi Arabia’s Oil Price Drop

Aug 07, 2020 at 11:34

Usually, when Saudi Arabia issues its official selling prices (OSPs) for the upcoming month, all the Middle Eastern crude exporters take notice and follow suit. Yet what happens if the…

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