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Article Archive | Page 3

Iran Says It Welcomes Talks With Saudi Arabia

Apr 19, 2021 at 12:01

Iran welcomed on Monday the idea of talks with its regional rival Saudi Arabia, amid reports that the two Gulf powers were directly talking about bilateral relations and hopes that…

Oil Prices Rise On Weaker U.S. Dollar

Apr 19, 2021 at 11:00

Following a 6-percent weekly gain last week, oil prices were slightly up on Monday morning, erasing earlier losses as the U.S. dollar weakened again. As of 10:39 a.m. EDT on…

China's Oil Buying Frenzy May End This Month

Apr 19, 2021 at 10:02

Higher Chinese crude oil imports and increased domestic production led to a jump in crude volumes directed to storage in the world’s top oil importer in March, according to calculations…

Why Libya’s Oil Production Could Drop This Week

Apr 19, 2021 at 09:09

Libya’s crude oil production, which has stabilized in recent months at just over 1.2 million barrels per day (bpd), could drop in the coming days and possibly weeks after a…

The Best Is Yet To Come For The World’s Hottest Oil Play

Apr 19, 2021 at 08:03

By now, those of you who read about my top New Year’s stock pick, Recon Africa, will have learned that this small-cap explorer may have just moved one giant step…

Why Iran’s Return To Oil Markets Isn’t A Major Threat

Apr 16, 2021 at 17:31

The ongoing JCPOA discussions, involving European countries, Russia, Iran, and, on the sidelines, the U.S., are being watched by international oil markets with trepidation. The possibility of Washington…

How To Play The $2.6 Trillion Clean Energy Investment Boom

Apr 16, 2021 at 17:36

The money is starting to pour into clean energy from all corners as the energy transition emerges as a wildly lucrative opportunity rather than simply a threat to…

2021 Will Be Another Disastrous Year For Colombia’s Oil Industry

Apr 16, 2021 at 17:28

The COVID-19 pandemic has hit Colombia and its economy, including the vital energy sector, particularly hard. After implementing one of the world’s longest pandemic lockdowns during 2020, which…

Western Europe Is Now The World’s Largest Investor In Batteries

Apr 16, 2021 at 17:28

In 2020, Fitch Solutions analysts recorded 37 manufacturing projects for EV batteries and related components and materials worth $21.04 billion, for those projects disclosing financial details.…

Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices

Apr 16, 2021 at 17:27

The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil…

Renewables Dominate The Headlines, But Oil And Gas Remain King

Apr 16, 2021 at 17:24

The transition to a global energy system that runs on renewable energy rather than finite and dirty coal, oil, and gas is arguably the number-one topic in the…

Why Gasoline Prices Often Rise In Spring

Apr 16, 2021 at 17:27

Although it wasn’t strongly emphasized in the recent discussions on the rise in gasoline prices, those prices to rise nearly every spring. But why does…

Global Oil Demand Boosted By Strong Road Fuel Consumption

Apr 16, 2021 at 17:22

Rystad Energy’s comprehensive Covid-19 monthly report calculates the effect of the pandemic on our lives and offers updated estimates for global energy markets.

Are Bitcoin’s Environmental Risks Overblown?

Apr 16, 2021 at 17:22

Bitcoin and other cryptocurrencies have received a lot of negative attention in recent months and years for their absolutely staggering energy consumption. Bitcoin…

China’s Shale Gas Industry Is Finally Taking Off

Apr 16, 2021 at 17:21

During the first two months of 2021, the Chinese oil and gas giant Sinopec managed to bring 28 new shale gas wells on stream in the country. The…

Saudi Aramco Restarts Projects To Boost Oil Production Capacity

Apr 16, 2021 at 13:42

The world’s largest oil company and biggest oil exporter, Saudi Aramco, has resumed tendering and development work on major offshore oil expansion projects that would give Saudi Arabia another 1.15…

Oil Demand Is Finally Bouncing Back

Apr 16, 2021 at 12:45

Oil demand is finally bouncing back despite the fact that Covid cases are rising and additional travel restrictions have been put in place.For…

U.S. Rig Count Increases As Oil Prices Hold Above $60

Apr 16, 2021 at 12:17

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 7 this week, bringing the total rig count to 439. Last…

Russia: OPEC+ To Gradually Ease Production Cuts In May-July

Apr 16, 2021 at 11:08

The OPEC+ alliance will gradually ease the collective production cuts between May and July, as the ministers agreed earlier this month, Russia’s Deputy Prime Minister Alexander Novak told reporters on…

U.S. Oil Bankruptcies Shoot Up In Q1 2021

Apr 16, 2021 at 10:01

The number of North American producers that filed for bankruptcy protection in the first quarter of 2021 reached the highest number for a first quarter since 2016, yet the wave…

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