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Article Archive | Page 3

Oil and Gas Exports Are Increasingly Important for Canada's Economy

Jul 17, 2024 at 10:35

Canada’s oil and gas industry has seen its share of the country’s merchandise exports jump over the past two decades, and energy is now a crucial contributor to Canadian trade…

Oil Extends Gains As EIA Confirms Crude Draw, Rising Fuel Inventories

Jul 17, 2024 at 09:54

Crude oil prices went higher today, after the U.S. Energy Information Administration reported an inventory draw of 4.9 million barrels for the week to July 12. This was on top…

Was President Trump Responsible for Lower Gas Prices?

Jul 17, 2024 at 07:54

No energy topic elicits as much interest as gas prices. The three most popular articles I have ever written — one with more than a million views — were about…

Four Unexplored Indian Basins May Hold More Oil Than The Permian

Jul 16, 2024 at 16:14

Four largely unexplored sedimentary basins in India could hold up to 22 billion barrels of oil, S&P Global Commodity Insights has reported. In effect, lesser-known Category II and III basins,…

The West Expands Its Presence In Key Egyptian Gas Sector

Jul 16, 2024 at 12:54

One of the largest Western investors in Egypt’s energy sector, Italy’s Eni, has announced that it is to drill new wells in the country’s flagship Zohr field, the largest gas…

Saudi Arabia Enters JVs With Chinese Solar Firms

Jul 16, 2024 at 14:10

Saudi Arabia has entered into joint ventures with two Chinese solar firms to build solar plants in the country worth some $3 billion, highlighting the oil-rich kingdom's campaign to…

Why Everyone Wants a Piece of Ghana's Nuclear Energy Sector

Jul 16, 2024 at 08:11

Global superpowers are circling as Ghana prepares to build its first nuclear power plant. The small nation is poised for a major uptick in electricity demand over the next few…

Construction Costs Remain Elevated Despite Stabilizing Base Metals

Jul 16, 2024 at 08:09

Via Metal Miner The Construction MMI (Monthly Metals Index) held true to its year-long sideways trend, only budging…

Gulf Oil Producers Invest Heavily in Carbon Capture and Hydrogen

Jul 16, 2024 at 08:05

As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen;…

UK Fund Faces Headwinds as Energy Storage Challenges Emerge

Jul 16, 2024 at 08:02

Gore Street Energy fund said it remains confident in delivering strong returns to investors despite “challenging” conditions in Britain’s energy storage market over the last…

Central Asian Giants Target $10 Billion in Annual Trade

Jul 16, 2024 at 08:00

Kazakhstan and Uzbekistan have announced a goal of more than doubling trade volume in “the coming years.” To hit that very ambitious target, top officials from both countries…

Canada's Oil Industry Enjoys Boom Year, But There's a Catch

Jul 16, 2024 at 10:42

Canada's oil industry is enjoying a boom year with the start of the Trans Mountain Expansion Project in May, which tripled the volumes Alberta's oil producers can send via the…

WTI Falls To $80 Despite Expectations of Global Q3 Supply Deficit

Jul 16, 2024 at 09:44

Oil prices are falling on Tuesday morning as weaker-than-expected economic data from China sparks demand concerns. WTI crude fell back to the $80 handle ahead of this week's crude inventory…

Africa Emerges as Focal Point in Global Oil and Gas Exploration

Jul 16, 2024 at 07:54

The skewed activity is highlighted by explorers demarcating assets within their portfolios as ‘core’ areas of operations, with the majority of guided exploration spending being directed towards exploring…

India Increases Windfall Tax on Crude Oil

Jul 16, 2024 at 05:55

India has raised its windfall tax on petroleum crude effective July 16, the government said in a notification on Monday.  The windfall tax on petroleum crude was revised up…

Trump's VP Choice Could Signal Rollback of Climate Protections

Jul 16, 2024 at 05:37

Environmental campaigners have slammed Donald Trump’s pick for running mate, Ohio Republican Senator J.D. Vance, saying that he is a climate change denier and a “Big Oil sell-out” who will…

Bolivia Announces Biggest Natural Gas Discovery Since 2005

Jul 16, 2024 at 01:30

Bolivia’s state-owned oil and gas company YPFB has discovered a massive natural gas field, which is the biggest such find in nearly two decades and could become the country’s third-largest…

Saudi Arabia’s Economic Strategy is a Double-Edged Sword for OPEC Stability

Jul 15, 2024 at 18:32

While countries like Brazil and the United States are often seen as major pressures on OPEC oil production policies, Saudi Arabia’s ambitious Vision 2030 might pose an even greater challenge.…

Can Iran’s New President Revive The Nuclear Deal With Washington?

Jul 15, 2024 at 15:28

July 6 saw Masoud Pezeshkian announced as the new president of Iran, following the death in a helicopter crash of his predecessor Ebrahim Raisi on 19 May. The surprise new…

Big Auto Eyes $2B in Govt Grants to Boost EV Production

Jul 15, 2024 at 14:59

The Biden administration is awarding nearly $2B in grants to General Motors (NYSE:GM), Stellantis (NYSE:STLA) and other carmakers to help restart or expand electric vehicle manufacturing and assembly sites in eight states.  The…

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