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Article Archive | Page 3

China’s Changing Policies Could Create A Huge Oil Demand Deficit

Jul 19, 2021 at 16:41

Figures released last week show that China’s crude oil imports in the first half of 2021 declined for the first time in eight years. China has been the…

Why Saudi Arabia Hiked Oil Prices So Aggressively

Jul 19, 2021 at 15:56

The failure of the OPEC+ talks and the subsequent (albeit gradual) rapprochement of the sides coincided with Middle Eastern NOCs setting their August 2021 official selling prices. The…

Why We Can't Afford To Turn Our Backs On Fossil Fuels

Jul 19, 2021 at 11:30

When President Biden served the death blow to the Keystone XL pipeline this January, environmentalists rejoiced. Canadian oil exports to the United States, however, did not decline. What…

South American Oil Under Threat As Unrest Grapples The Region

Jul 19, 2021 at 11:16

The Arab Spring, which was a series of pro-democracy anti-government uprisings over a decade ago that swept across several largely Islamic states, triggered…

Europe Ramps Up Pivot Away From Fossil Fuels

Jul 19, 2021 at 11:10

Reducing carbon emissions seems to be on the top of everybody’s agenda at the moment. A recent post in The New York Times

Indiana Unveils Wireless Charging Highway For Electric Vehicles

Jul 19, 2021 at 11:07

The Indiana Department of Transportation (INDOT) has begun the first phase of a project to transform a segment of the state's highway into wireless charging pavement for electric…

Everything You Need To Know About OPEC’s New Agreement

Jul 19, 2021 at 11:30

OPEC+ agreed on Sunday exactly how the group should proceed with its oil supply management in the coming months, putting an end to a two-week stalemate over baseline…

OPEC Could Double Its Control Over Oil Market

Jul 19, 2021 at 11:03

OPEC could double its control over the oil market, to between 70% and 80%, according to Lukoil's Vice President. OPEC will win its increased share by default, Leonid Fedun, Vice…

Goldman Sachs Raises Oil Price Forecast Following OPEC Deal

Jul 19, 2021 at 10:04

The agreement which OPEC+ reached on Sunday is modestly bullish for Goldman Sachs’s forecast that Brent will hit $80 per barrel this summer, the investment bank said in a…

Oil Prices Crash After OPEC+ Reaches Deal To Ease Cuts

Jul 19, 2021 at 08:18

Oil prices dropped by 5 percent early on Monday, with WTI Crude slipping to $67 per barrel, after OPEC+ decided on Sunday it would start returning 400,000 barrels per day…

The Oil Industry Is Borrowing Again, But This Time It’s Different

Jul 16, 2021 at 15:20

Two years ago, Wall Street banks were on their way out of a long-term relationship with the oil industry. Now, with oil prices over $70 for the first…

One Man Just Sent The $30 Trillion ESG Revolution Into Overdrive

Jul 16, 2021 at 14:20

With billions of dollars being invested into ESG funds last year, 2020 has been called a “tipping point” year for this mega-trend in global markets. And many are predicting that…

The Next Major Wildcard For Oil

Jul 16, 2021 at 15:38

Oil prices have been reeling ever since OPEC+ talks collapsed due to major disagreements by its members. Major cracks appeared in the ministerial meeting with the United Arab…

China’s Opaque Oil Data Leaves Markets In The Dark

Jul 16, 2021 at 14:59

China saw its first-half crude imports drop year over year for the first time in a first half in eight years, sparking concerns in the market that purchases…

Coal-Based Bitcoin Mining Jumps In Kazakhstan Amid China’s Ban

Jul 16, 2021 at 16:10

Bitcoin mining continues to rely predominantly on electricity generated from fossil fuels despite the heightened attention to the climate toll of crypto mining. Kazakhstan, where fossil fuels make up nearly…

2021 Has Been A Stellar Year For Energy Investors

Jul 16, 2021 at 14:41

The rocky times of 2020 are well behind the energy sector at this point. Last year there were many premature obituaries written for the energy sector, but it…

Mexico's Drug Cartels Are Stealing Oil Again

Jul 16, 2021 at 13:58

Fueled by copious sums of drug money, large cartels have taken control of large swathes of Mexico and for over a decade have been challenging the…

High Oil Prices Could Fuel EV Adoption

Jul 16, 2021 at 13:46

As oil prices continue to rise and global demand is bouncing back to pre-pandemic levels, people could be buying into electric vehicles (EV) as an alternative to expensive…

China’s Crypto Crackdown Sparks A Mining Exodus

Jul 16, 2021 at 13:41

The cryptocurrency industry in China was further hit today as Anhui province said it would close all crypto mining operations due to energy consumption concerns. The…

Georgia Pivots To Wind Despite Booming Hydro Industry

Jul 16, 2021 at 13:40

Months-long protests against the construction of the $800 million Namakhvani hydropower plant in western Georgia beg a simple question: Why bother with big…

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