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Article Archive | Page 2

China Taps Into Crude Reserves To Curb Oil Price Rally

Jul 22, 2021 at 09:15

The world’s top oil importer, China, has started to release more than 20 million barrels of crude oil from its strategic reserve in a move seen as seeking to curb…

Saudi Arabia Wants To Pump ‘Every Last Molecule Of Oil’

Jul 22, 2021 at 08:59

After two weeks of impasse, the recent OPEC+ agreement has put Saudi Energy Minister Prince Abdulaziz bin Salman in the spotlight again for the power he yields on the global…

The Real Reason Oil Prices Aren’t At $80

Jul 21, 2021 at 17:36

The UAE’s awarding last week of a slew of huge drilling contracts aimed at increasing its crude oil output capacity from around 4 million barrels per day (bpd)…

Can The Airline Industry Live Without Fossil Fuels?

Jul 21, 2021 at 17:30

The global war on emissions has exploded in recent years, with every company, industry, and government on earth now desperately attempting to reduce its carbon footprint. From the…

5 Wild New Ways To Generate Energy

Jul 21, 2021 at 14:24

With the clean energy shift beginning to gain serious momentum, the prime candidates for a sustainable future have been solar, wind, and--to a lesser extent--geothermal energy and nuclear…

Traders Brace For Major Oil Market Volatility This Summer

Jul 21, 2021 at 13:54

After a period of relative stability in the oil market where U.S. crude benchmark WTI was trading above $70 a barrel for more…

The Perfect Nation For A Renewable Energy Revolution

Jul 21, 2021 at 14:03

In terms of energy resources, Australia is truly blessed. The island-nation is already an important fossil fuel exporter with the potential to become a heavyweight in the upcoming renewables sector.…

Houston Scrambles To Remain The Energy Capital Of The U.S.

Jul 21, 2021 at 09:43

The United States shale sector is at a crossroads. Houston, the capital of the nation’s oil and gas industry, is at the metaphorical and industrial center of a…

U.S. Threatens Iran With New Sanctions If A Nuclear Deal Is Not Reached

Jul 21, 2021 at 09:43

After six months of President Biden in office, and repeatedly dashed hopes at a nuclear deal with Iran, failing to come to an agreement means instead of lifting…

China Ramps Up Coal Production To Meet Growing Energy Demand

Jul 21, 2021 at 09:34

While the rest of the world is trying to come to grips with the European Union’s proposed carbon border adjustment mechanism (CBAM) – which calls for the levying…

America Looks For A Balance Between Oil Needs And Climate Reality

Jul 21, 2021 at 09:32

It’s an eternal dispute - the need to meet consumer energy needs through oil and gas production versus the battle of climate change activists and green policy. 

Azerbaijan Desperately Needs To Diversify Its Energy Portfolio

Jul 21, 2021 at 09:27

Azerbaijan risks significant economic shocks in the future if it continues to rely heavily on oil and gas as the main pillar of its economy, a new report…

Oil Dips After EIA Reports Crude Inventory Build

Jul 21, 2021 at 09:38

Crude oil prices briefly dipped after the Energy Information Administration reported a crude oil inventory build of 2.1 million barrels for the week to July 16. Last week’s inventory build…

Oil Rallies After Poor Open

Jul 21, 2021 at 08:58

Oil prices started Wednesday trade in Asia lower, extending the slide from late on Tuesday, when an industry report of a surprise U.S. crude inventory increase stopped the rise in…

Could This Be The Most Promising Oil Play Of The Decade?

Jul 20, 2021 at 12:19

No oil discovery narrative appears to have captured investor attention this year as much as Reconnaissance Africa’s (TSXV:RECO, OTC:RECAF) acquisition of the rights to Namibia’s giant, 6.3-million-acre Kavango…

Hedge Funds Won Big On OPEC Spat

Jul 20, 2021 at 12:02

Money managers continue to take profits on oil futures and options contracts after crude prices hit multi-year highs in early July.   Hedge funds and other portfolio…

Gold Prices Show That Oil Is Still Cheap

Jul 20, 2021 at 12:02

Oil prices have tanked over the past two weeks, suffering from fears of additional OPEC supply hitting the market, the shattering of demand optimism over Delta variant fears,…

10 Things You Never Knew About Oil

Jul 20, 2021 at 11:59

From OPEC to U.S. shale, from fracking to negative oil prices, from endless political debates to inventories, the fossil fuel industry is never short on headlines. But the…

China Buys Less Saudi Crude As It Slams The Brakes On Oil Imports

Jul 20, 2021 at 12:13

Saudi Arabia remained China’s single largest crude oil supplier in June, ahead of Russia, although Saudi shipments to the world’s top oil importer fell by 19 percent last month amid…

A Terrible Time For OPEC+ To Resolve Differences

Jul 20, 2021 at 11:42

It seems that Saudi Arabia and the UAE could not have picked a worse time to resolve their differences, with the OPEC+ announcement coming just as Covid cases climbed and…

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