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Article Archive | Page 5

Kuwait Looks At Huge Wealth Fund To Move Beyond Oil

Jul 14, 2021 at 13:45

Kuwait’s life-after-oil fund may have become one of the world’s biggest sovereign wealth funds thanks to the country’s healthy oil industry, as it continues to prepare for a…

China's New Carbon Market Doubles Share Of World Emission Trading

Jul 14, 2021 at 13:27

China, the world's largest polluter, is set to launch its nationwide emissions-trading system on Friday, sources with knowledge of the plans told The Wall Street Journal on Wednesday. China's…

How Venezuela's Oil Crisis Triggered Mass Protests In Cuba

Jul 14, 2021 at 12:59

Cuba has seen in recent days the biggest protests in decades as thousands of people took to the streets in the Communist-run country…

EU Presents Climate Targets To ‘’Give Humanity A Fighting Chance’'

Jul 14, 2021 at 12:01

Europe's push for electrification could include the ban of gas and diesel car sales within two decades. Lawmakers in the European Union (EU) are set to propose new…

EIA Inventory Report Sends Oil Prices Higher

Jul 14, 2021 at 10:34

Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report…

Oil Stabilizes After Saudi-UAE Compromise Removes Major Uncertainty

Jul 14, 2021 at 10:05

Oil prices steadied on Wednesday morning before the EIA inventory report after a reported compromise between Saudi Arabia and the UAE over baseline production levels removed a major uncertainty that…

Oil Falls As Saudi Arabia And UAE Compromise On Deal

Jul 14, 2021 at 08:45

Saudi Arabia and the United Arab Emirates (UAE) have resolved their nearly two-week-long standoff over baseline production levels that was blocking a unanimous OPEC+ deal on oil supply, a delegate…

Oil Has Become The Hottest Commodity On Wall Street

Jul 13, 2021 at 12:17

Crude oil has been having a great 2021 so far—a very different situation to last year’s when the pandemic devastated demand for all commodities fueling a price rout…

The Discovery That Sparked A New Canadian Gold Rush

Jul 13, 2021 at 16:59

A junior mining company has just raised the stakes in our pick for the most exciting gold exploration play in Canada’s massive Quebec province. Just weeks after a reporting a…

Biomass: The EU's Great 'Clean Energy' Fraud

Jul 13, 2021 at 14:28

"The professionalization of the biomass industry is a problem that needs attention."--Bas Eickhout, Dutch politician and member of the European Parliament. When it comes to the global shift to low-carbon…

The Refining Industry Is Struggling To Adapt To The Future

Jul 13, 2021 at 12:45

The upstream oil and gas business is recovering from one of the worst slumps in recent memory as oil prices sit at around $75 per barrel and global…

Alaska’s Most Important Pipeline Faces An Existential Threat

Jul 13, 2021 at 12:15

An area of thawing permafrost is threatening a stretch of a major Alaskan pipeline as the structure experiences damages from the changing weather.An 810-foot…

World’s Recoverable Oil Resources Shrinks By 9%

Jul 13, 2021 at 12:14

Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the…

Oil Price Volatility Spikes On OPEC+ Uncertainty

Jul 13, 2021 at 12:30

Growing uncertainty over the OPEC+ agreement and warnings from the IEA of another oil price war has caused volatility in oil markets to spike.

A Zero-Cost Solution For The Oil Industry’s Methane Problem

Jul 13, 2021 at 11:57

As the spread of the novel coronavirus disrupted industries around the world, the rate of global greenhouse gas emissions took a big dip. BP’s annual

China Oil Imports Fall To Lowest In 2021

Jul 13, 2021 at 11:40

China’s crude oil imports fell to some 9.77 million barrels daily last month, down 2 percent on May and the lowest monthly level since the start of the year, Reuters…

Permian To Drive U.S. Shale Production Increase In August

Jul 13, 2021 at 10:23

U.S. shale oil production will increase by a modest 42,000 bpd in August, according to the Energy Information Administration. In its latest Drilling Productivity Report, the EIA forecast that…

Why Saudi Arabia Is Likely To Win The OPEC+ Standoff

Jul 13, 2021 at 09:41

OPEC+ could take until August to decide whether to adjust production baselines, Arab News reported, citing JP Morgan analyst Christian Malek. According to Malek, the oil cartel could take…

The IEA Warns Of Another Oil Price War

Jul 13, 2021 at 09:02

The oil market has been on edge for a week now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said on…

Huge Dividend Cripples World’s Largest Oil Company

Jul 12, 2021 at 16:09

The transformation of Saudi Arabia’s flagship asset, Aramco, from perpetual cash-generation machine into a debt-laden giant is set to pick up pace in the coming weeks with a…

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