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Article Archive | Page 5

Why Oil Prices Fell After OPEC+ Announced Deeper Output Cuts

Nov 30, 2023 at 15:36

Initial leaks from the OPEC+ meeting suggested that the voluntary nature of additional output cuts is likely contributing to the negative market sentiment. "Drowning in detail" is how another…

BP Buys Up Full Control Of Solar Power Developer Lightsource BP

Nov 30, 2023 at 09:13

BP has bought up full control of solar power developer Lightsource BP in a move demonstrating the former’s ambitions outside of fossil fuels. The oil major announced today that it…

The Last 6 Months Have Been Devastating For U.S. Clean Energy Stocks

Nov 30, 2023 at 09:02

While the U.S. government continues to try and micromanage markets and subsidize their virtue signaling preferences, 5% interest rates have been busy offering up a reality check to the Biden…

The Complexities of Clamping Down on Russian Sanctions

Nov 30, 2023 at 02:04

Around a year after the U.S. and Europe introduced sanctions on Russian energy, following the Russian invasion of Ukraine early in 2022, some countries and actors are circumventing…

Oil Prices Retreat As OPEC+ Cuts Another 684KBPD, Brazil Joins OPEC+

Nov 30, 2023 at 12:25

Oil prices began to retreat on Thursday afternoon as it became clear that OPEC+ members were agreeing to voluntary cuts beginning in the new year, and that those cuts would…

The First-Ever Enhanced Geothermal Plant in the United States

Nov 30, 2023 at 02:09

U.S. tech giant Google and geothermal startup Fervo Energy have launched the U.S.' first-ever enhanced geothermal plant that will produce 100% carbon-free electricity round the clock. Dubbed

COP28 Commences Amid Both Controversy and Optimism

Nov 30, 2023 at 09:39

The twenty-eight Conference of the Parties to the UN Framework Convention on Climate Change opened on Thursday. Some 70 thousand diplomats, political and business leaders from almost 200 countries will…

OPEC+ Reaches Deal “In Principle” on Oil Output Cuts

Nov 30, 2023 at 09:05

OPEC+ reached a deal on Thursday that would see the group’s oil production cuts spill over into the new year—and at a level that is a deeper cut than is…

OPEC+ Headed for 2 Million Bpd Oil Output Cut in 2024

Nov 30, 2023 at 08:23

As the meeting of the Joint Ministerial Monitoring Committee (JMMC) began on Thursday, delegates are telling media that OPEC+ could be discussing deeper oil production cuts for the…

Traders Don’t See OPEC+ Substantially Lifting Oil Prices

Nov 29, 2023 at 11:39

Portfolio managers continued to be bearish on crude oil prices ahead of the now-delayed OPEC+ meeting, further selling off Brent and WTI futures and options and halving the net bullish…

Well Productivity Gains Clash with Cost Inflation in U.S. Oil Patch

Nov 29, 2023 at 14:02

Crude oil production in the United States is on course to break its previous record this year. That’s despite a federal government that is not the biggest…

Ten Steps to a Faster Energy Transition

Nov 29, 2023 at 12:12

The global energy system is at a tipping point on its path to a net-zero emission future. With the COP28 conference kicking off this week, Rystad Energy is…

Steelmaker ArcelorMittal Halts Bosnia Steel Plant Amid Demand Slump

Nov 29, 2023 at 09:17

By Sohrab Darabshaw via AGMetalminer.com A drop in steel demand throughout Europe proved the reason for ArcelorMittal temporarily suspending…

Shell Retail Energy Arm Slapped with Second Fine for ‘Serious Overcharging’

Nov 29, 2023 at 08:41

A company owned by oil and gas giant Shell has been slapped with a fine by the energy regulator Ofgem, weeks after the communications regulator also fined part…

A Tech Breakthrough That Counters Critical Issues for Lithium-Sulfur Batteries

Nov 29, 2023 at 05:44

Tokyo University of Science researchers have developed a graphene separator embedded with platinum-doped gold nanoclusters for lithium-sulfur batteries. Lithium-sulfur batteries face issues like…

South America’s Offshore Oil Boom Will Challenge OPEC’s Dominance

Nov 29, 2023 at 05:10

In Guyana’s territorial waters, after Exxon’s swathe of world-class petroleum discoveries, gigantic ships called floating production storage and offloading (FPSO) vessels are sucking…

The Concerning Energy Cost of Artificial Intelligence 

Nov 29, 2023 at 05:05

As the world welcomes innovative technologies, they could spur a sharp spike in energy consumption if not regulated appropriately. A wide range of industries, including the…

Oil Ticks Down on Crude, Fuels Inventory Build

Nov 29, 2023 at 09:45

Crude oil prices moved lower today, after the Energy Information Administration reported an estimated inventory increase of 1.6 million barrels for the week to November 24. This 

Oil Prices Extend Gains as Market Awaits Key OPEC+ Meeting

Nov 29, 2023 at 07:17

Oil prices extended gains early on Wednesday as a storm continues to disrupt crude loadings in the Black Sea and the market awaits news about the next move…

Saudi Arabia Expected to Cut the Price of Its Oil to Asia

Nov 29, 2023 at 01:22

Saudi Arabia is expected to reduce its official selling price for crude for Asian buyers, a survey among analysts conducted by Bloomberg has shown. According…

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