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Article Archive | Page 5

European Oil Majors Report ‘Exceptional’ Trading Profits

May 12, 2022 at 10:18

Europe's top oil firms reported blowout earnings for the first quarter as oil and gas prices spiked with the European energy crisis and the Russian invasion of Ukraine.  …

Wall Street Is Turning Its Back On Big Tech As Oil Stocks Rally

May 12, 2022 at 16:33

Once upon a time, Big Tech stocks were all the rage on Wall Street, with investors bidding them up to crazy heights. To wit, the famous quintuple of…

UK Ramps Up LNG Imports, But Consumers Unlikely To See Relief

May 12, 2022 at 10:16

The UK has bucked the pan-European trend of soaring wholesale gas prices as shipments of liquefied natural gas have alleviated a shortage that squeezed prices higher last year…

Six Years Late And 250% Over Budget: Georgia’s Newest Nuclear Plant

May 12, 2022 at 13:12

It has not been a good week for advocates of new nuclear power plant construction in the US. An energy cooperative in Georgia, the Municipal Energy Authority of…

A Global Energy Shortage Is Putting Bitcoin Under Pressure

May 12, 2022 at 11:37

It has been a difficult start to the year for crypto markets and, as prices have plunged, the industry’s energy consumption has come back into the spotlight. Crypto…

Finland Looks To Join NATO “Without Delay”

May 12, 2022 at 10:11

As heavy fighting continues to rage in eastern Ukraine, Finland has said it intends to apply to join NATO "without delay," in a major policy shift that sees…

Gold And Silver Fall As Rising Interest Rates Dampen Sentiment

May 12, 2022 at 10:07

Rising interest rates tend to dampen investor sentiment toward precious metals. Gold and silver typically act as a store of value, particularly during periods of high inflation. Therefore,…

What Does The EU Need To Do To Wean Itself Off Russian Fossil Fuels?

May 12, 2022 at 10:03

According to draft proposals obtained by the Financial Times, the European Union is set to ease environmental regulations to replace Russian fossil fuels…

OPEC+ Misses Production Target By Whopping 2.7 Million Bpd

May 12, 2022 at 10:33

OPEC continues to undershoot its oil production target in the OPEC+ deal, failing in April to boost output as much as required by the agreement. All 13 members of OPEC…

OPEC Cuts Global Oil Demand Growth Forecast, Again

May 12, 2022 at 09:30

Slower global economic growth, China’s fight against COVID, and the Russian invasion of Ukraine prompted OPEC to slash for a second month running its global oil demand growth estimate for…

Economy Minister: Germany Can Survive Without Russian Gas

May 12, 2022 at 09:02

Germany will be able to withstand a halt of Russian natural gas supplies as long as it manages to fill up its gas storage, Economy Minister Robert Habeck told German…

The NOPEC Bill Could Send Oil Prices To $300

May 11, 2022 at 11:04

If the U.S. passes the NOPEC bill, a bill designed to pave the way for lawsuits against OPEC members for market manipulation, the oil market could face even…

The EU Has A Major Problem With Securing Non-Russian Gas

May 11, 2022 at 10:38

Germany has been negotiating deliveries of liquefied natural gas with Qatar as part of plans to wean itself off Russian gas, on which it is heavily dependent. The…

Recession Fears Loom Large Over Bullish Oil Market

May 11, 2022 at 13:36

The price of gasoline in the U.S. hit an all-time high on Tuesday as the national average spiked $0.17/gallon from last week to $4.37/gallon

Guyana Is On Track To Become A Leading Global Oil Producer

May 11, 2022 at 10:03

South America’s latest oil-producing nation, the former British colony of Guyana, is continuing to lay the groundwork for its oil boom. In 2015, global energy supermajor ExxonMobil, which…

Could Carbon Capture Tech Be The Key To A Net-Zero Future?

May 11, 2022 at 10:00

With the White House announcement that it will invest $2.3 billion in carbon capture over the coming years, it’s understandable why companies are racing to come up with…

Turkey Looks To Kazakhstan To Form New Trade Route To Bypass Russia

May 11, 2022 at 09:51

Ukraine was on the agenda, along with trade and transportation routes, as President Kassym-Jomart Tokayev paid his first state visit to Turkey this week since coming to power…

Colombia Has To Choose Between Energy Security And The Environment

May 11, 2022 at 09:59

The fight between energy security backers who want to boost oil operations and environmentalists is intensifying in Colombia. While a Colombian oil and gas industry group says Colombia…

Kyiv Halts Russian Gas Shipments Through Key Hub

May 11, 2022 at 09:36

Kyiv has halted the use of a major transit route for Russian gas amid continued heavy fighting in the east and south of Ukraine, while Ukrainian forces claimed…

Gazprom Claims It's "Technically Impossible" To Reroute Gas To Europe

May 11, 2022 at 10:04

Russia’s gas giant Gazprom said it was “technically impossible” to reroute gas flows to Europe via Ukraine, after the Ukrainian Gas Transmission System Operator (GTSOU) stopped flows from one entry…

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