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Article Archive | Page 6

World’s No.1 Oil Trader Sees Crude Inventories Shrinking This Year

Sep 16, 2020 at 11:08

Vitol Group, the world’s largest independent oil trader, expects global oil inventories to continue drawing down for the rest of the year, unlike its rivals and many analysts who see…

Oil Rises After EIA Confirms Crude Inventory Draw

Sep 16, 2020 at 09:42

Crude oil prices inched up further today after the Energy Information Administration reported a crude oil inventory draw of 4.4 million barrels for the week to September 11. Fuel…

OPEC+ Complied 101% With Oil Production Cuts In August

Sep 16, 2020 at 08:54

The OPEC+ coalition saw its overall compliance rate with the production cuts at around 101 percent in August, three sources in the group told Reuters on Wednesday, when OPEC+…

The Holy Grail of Endless Energy: Harvesting Blackholes

Sep 15, 2020 at 17:56

A year ago, House representative Alexandria Ocasio-Cortez of New York and Senator Edward J. Markey of Massachusetts, both Democrats, proposed the Green New Deal

Is This The Cleanest Energy On Earth?

Sep 15, 2020 at 17:55

The green energy revolution is well and truly underway. Renewables have proven to be highly resilient, emerging as the only energy sector to record any kind of growth…

Why GM’s Wireless Battery Could Be A Gamechanger

Sep 15, 2020 at 16:59

Batteries are a hot area of research, and it has only been getting hotter as the EV space begins to fill up with companies eager to stake their…

The Future Of Fracking In The United States

Sep 15, 2020 at 15:41

The recent combination of Schlumberger’s, (NYSE:SLB) OneStim business with Liberty Oilfield Service, (NYSE:LBRT) created a colossus in North American fracking. One estimate suggested…

Mediterranean Tensions Flare Up As Israel Rehabilitates Pipeline

Sep 15, 2020 at 14:47

The Arab Spring was the start of an ideological conflict between Turkey and the wealthy Arab Gulf nations. Turkish assertiveness is strengthened by an expanding economy and a brand of…

Hurricane Outages Provide Temporary Relief For Oil Markets

Sep 15, 2020 at 13:04

Oil prices rose on hurricane outages on Tuesday morning, although the release of the OPEC and IEA monthly market reports did little to shake the long-term bearish sentiment in oil…

China’s Oil Demand Recovery May Be More Impressive Than Thought

Sep 15, 2020 at 12:04

China has supported oil markets with its purchases of record volumes of crude oil in recent months, but it has also imported doubled volumes of fuel blending products, suggesting that…

Google Sets Aggressive Carbon Reduction Target For 2030

Sep 15, 2020 at 11:25

Big Tech is in the race of a lifetime, and now it’s not just about data. This time around, they’re facing off to see which giant can go…

Oil Prices Rise On Hurricane Outages

Sep 15, 2020 at 10:52

Oil prices rose on Tuesday afternoon, ahead of the weekly crude inventory data releases, but traders remain concerned about the pace of the recovery in global oil markets. …

The Latest Threat For China’s Natural Gas Demand

Sep 15, 2020 at 10:03

A drive to cut electricity prices for end-users has prompted Beijing to reduce gas-fired power plant tariffs, which has threatened the survival of many of them, Wood Mackenzie reports,…

U.S. Shale Production Continues To Decline

Sep 15, 2020 at 09:07

Crude oil production in the U.S. shale patch is set to decline by 68,000 bpd next month, with every play registering declines in output except the Permian, the Energy Information…

Libya’s Oil Deal Could Be A Serious Bearish Catalyst For Crude Markets

Sep 14, 2020 at 18:07

OPEC turns 60 years today, but the celebration has been postponed in the light of the ongoing pandemic. The combination of demand destruction caused by COVID-19,…

This Small Nation Is Building The World’s Next Major Energy Hub

Sep 14, 2020 at 17:49

Given the very modest scale of Oman’s hydrocarbons resources (only around five billion barrels of estimated proved oil reserves, barely the 22nd largest in the world) compared to those of…

Trump Administration Shocks Oil Industry With Biofuel Waiver Decision

Sep 14, 2020 at 16:40

After shocking the oil industry with last week’s extension to a coastal drilling ban offshore Florida, Georgia, and a handful of other states, the Trump Administration said on Monday that…

Second Wave Of COVID Could Crush Road Fuel Recovery

Sep 14, 2020 at 16:00

A resurgence of coronavirus cases in many parts of the world over the next few months will be the main hurdle to global demand for gasoline and diesel recovering to…

Renewable Energy Continues To Eat Away At Fossil Fuel Dominance

Sep 14, 2020 at 14:43

Renewables are set to be the fastest-growing source of energy in the coming decades, giving fossil fuels such as coal and oil a run for their money in…

Big Tech Still Loves The Oil Business

Sep 14, 2020 at 13:34

When Google earlier this year announced that it would stop making AI products for the oil and gas industry, prompted by a revelatory…

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