Article Archive | Page 668

Jun 05, 2020 at 11:53

This morning’s U.S. employment report was, I think, the most remarkable data release I have ever seen, at least relative to expectations. Non-farm payrolls, the number of jobs in the…

Jun 05, 2020 at 11:27

1. Exploding distillate glut- U.S. distillate stocks are soaring, jumping from 136 million barrels in…

Jun 05, 2020 at 11:25

Politics, Geopolitics & Conflict - Following a massive 20,000-ton diesel oil spill last week in the Ambarnaya River, which eventually feeds into the Arctic Ocean, Russian President Vladimir Putin has…

Jun 05, 2020 at 11:23

As of Thursday, Libya’s Government of National Accord (GNA) was celebrating in the streets after claiming to have taken full control of Tripoli from General Haftar and his Libyan National…

Jun 05, 2020 at 11:06

WTI Crude prices may be set for a 90-percent jump to $70 a barrel by the fall as U.S. oil producers may have “over-cut” production, Dan Eberhart, chief executive of…

Jun 05, 2020 at 10:04

Crude oil demand this year will fall to around 90.6 million bpd this year, OPEC’s secretary-general Mohammed Barkindo said ahead of the next OPEC+ meeting, as cited by Trend.…

Jun 05, 2020 at 08:48

Oil prices rallied early on Friday as the market expects a weekend meeting of OPEC and its Russia-led allies to roll over the current levels of the OPEC+ production cuts…

Jun 04, 2020 at 17:08

OPEC is in negotiations with its members to find the best way forward, but talks appear to have stalled over one laggard, Iraq, which has failed to…

Jun 04, 2020 at 17:00

European supermajors have been all but shouting about it: they are diversifying into renewable energy, and they will all be net-zero companies by 2050, in line with Paris…

Jun 04, 2020 at 16:46

The oil majors have made huge bets on plastics and petrochemicals in recent years, but those investments look increasingly shaky following the COVID-19 pandemic and economic downturn. Some economies are…

Jun 04, 2020 at 15:53

The South Pars non-associated natural gas field is at the core of Iran’s strategy to produce at least one billion cubic metres per day (bcm/d) of natural gas as soon…

May 04, 2020 at 16:47

With sentiment towards oil and gas companies hitting record lows, trying to pick winners in the energy sector can be an onerous and thankless task at a time when fossil…

Jun 04, 2020 at 14:32

China’s crude oil imports jumped by 13 percent from April to near record-highs of 11.11 million bpd in May, due to favorable spreads of the Shanghai-traded yuan-denominated oil futures and…

Jun 04, 2020 at 13:08

The oil price and demand crash in April resulted in Canada’s energy exports plunging by the most on record, with crude oil exports plummeting by 55.1 percent, Statistics Canada

Jun 04, 2020 at 12:53

The death of coal has run hand-in-hand with the rise of renewable energy, though the real credit for killing king coal might just go to U.S. shale. Even…

Jun 04, 2020 at 12:14

WTI rose almost 90 percent last month, which is the strongest monthly increase in the U.S. benchmark price ever recorded. Naturally, the news has been cause for joy among those rooting…

Jun 04, 2020 at 10:55

A new report by Roskill states that lithium-ion battery demand is expected to increase more than ten-fold by 20‌29, reaching in excess of 1,8‌00GWh capacity.  “The pipeline capacity of battery…

Jun 04, 2020 at 10:00

The oil markets have been enjoying a period of sustained rally, thanks to a stream of positive factors including somewhat successful compliance to agreed production cuts

Jun 04, 2020 at 09:06

BP has begun evacuating workers from three platforms in the Gulf of Mexico, shuttering production as tropical storm Cristobal approaches the area before it makes landfall in Louisiana during the…

Jun 03, 2020 at 16:57

Financial markets are vastly underestimating the financial risk from climate change, according to the International Monetary Fund.  Global temperatures have already increased by 1.1 degrees Celsius…