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Article Archive | Page 6

Offshore Oil Is Much Greener Than You May Think

Apr 12, 2021 at 14:16

Offshore oil has built some well-deserved bad rap over the decades because of oil spills, and it has frequently been the specific target of protest action from environmentalists. But if…

Russia Tightens Its Grip On Europe's Natural Gas Markets

Apr 12, 2021 at 13:05

A much-used proverb says: a good neighbor is better than a distant friend. Nowhere is it more suitable than the EU’s position vis-a-vis its largest and most important neighbor: the…

Iran Blames Israel For Sabotage Of Nuclear Site

Apr 12, 2021 at 11:56

Iran is blaming Israel for what it says was sabotage on its Natanz nuclear site over the weekend and vowed revenge against the perpetrators. Iran uses the Natanz site…

Morgan Stanley: Oil Prices Stuck In $60 Range This Summer

Apr 12, 2021 at 11:01

Oil prices will likely be stuck in the $65-$70 range this summer, Morgan Stanley says in a new note, tempering its previous forecast for $70 oil with temporary overshoots because…

Oil Prices Rise On Expectations Of A Strong Economic Recovery

Apr 12, 2021 at 09:55

Oil prices rose early on Monday, with WTI Crude topping $60 a barrel for the first time in a week after the Fed chair Jerome Powell said that the outlook…

Houthi Rebels Strike Aramco Oil Facilities With Drones And Missiles

Apr 12, 2021 at 08:56

The Houthi rebels from Yemen today claimed yet another attack on Saudi Aramco facilities, involving 17 drones and two ballistic missiles. Reuters has reported the attack, according to the…

The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production

Apr 09, 2021 at 16:33

Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after plunging…

Qatar Could Throw A Wrench In America’s Ambitious LNG Plans

Apr 09, 2021 at 16:33

U.S. domestic demand for natural gas has been falling for a year now, according to EIA data. The authority expects demand will continue down this year as well…

Tesla’s Biggest Competitor Is Ditching Nickel And Cobalt

Apr 09, 2021 at 16:33

China’s BYD confirmed that it is going all-in on LFP (lithium-iron-phosphate) batteries, scrapping NCM (nickel, cobalt, manganese) technology from its model line-up entirely. BYD, which is…

How The U.S. Could Benefit From Australia’s Trade Spat With China

Apr 09, 2021 at 16:31

Coal’s days are numbered. The world’s dirtiest fossil fuel has long since fallen out of favor with climate-conscious policymakers, investors, and constituents alike, and even those who are…

Eni’s Latest Oil Discovery Could Be Big For Angola

Apr 09, 2021 at 16:20

Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions.  The…

Will U.S. Shale Trigger Another Oil Price Crash?

Apr 09, 2021 at 16:15

A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that…

North American Fracking Activity Soars To Near Pre-Pandemic Levels

Apr 09, 2021 at 16:15

Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report…

The World Is One Step Closer To Commercial Nuclear Fusion

Apr 09, 2021 at 16:14

The International Thermonuclear Experimental Reactor (ITER) is the largest nuclear fusion experiment in the world. The megaproject is a collaborative effort funded and run by seven members: the…

Legacy Automakers See Massive Spike In Sales

Apr 09, 2021 at 16:17

BMW is the latest legacy automaker to smash its sales comps for Q1, as automakers benefit from 2020's poor sales due to the pandemic. BMW said…

Overlooked Stocks Set To Win Big In Biden’s Infrastructure Plan

Apr 09, 2021 at 16:09

President Biden’s $2.25 trillion infrastructure bill proposed last week has placed conventional infrastructure stocks into the spotlight again. Out of that massive amount of proposed funding,…

Oil Prices Post Weekly Loss On Covid Concerns

Apr 09, 2021 at 12:46

Oil prices are set to post a loss this week as demand fears and Covid lockdowns counteract optimism over a tightening market.For more…

Russia: Pandemic Could Continue Affecting Oil Demand Until 2024

Apr 09, 2021 at 12:39

The pandemic could continue to impact global oil demand until 2024, while the decarbonization plans in major European economies could arise as a new threat to Russia’s oil industry, according…

U.S. Oil Rig Count Stalls As WTI Remains Below $60

Apr 09, 2021 at 12:22

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 432. Last…

Italian Oil Heiress Arrested In Major Mafia Bust

Apr 09, 2021 at 10:46

Italian anti-mafia police and finance police arrested this week dozens of people, including an oil heiress, as part of an investigation into a massive tax fraud with oil products involving…

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