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Article Archive | Page 670

Europe’s Natural Gas Glut May Force Supply Cuts

Jun 02, 2020 at 11:41

Europe is so awash with natural gas amid weak demand and limited storage capacity that gas suppliers may have to cut flows to prevent natural gas prices from plunging further.…

Bill Gates And Big Oil Are Chasing The Nuclear Fusion Dream

Jun 02, 2020 at 10:58

The decades-old debate over nuclear fusion vs. fission is on the edge of a breakthrough as startup Commonwealth Fusion Systems wins over Bill Gates and…

Oil Prices Spike On Hopes Of OPEC+ Deal Extension

Jun 02, 2020 at 09:50

Oil prices rose early on Tuesday as market participants hope that the OPEC+ group may decide in the coming days to roll over for a month or two the current…

Petrobras Oil Stockpiles Are “Paradoxically” Low

Jun 02, 2020 at 09:05

Brazil’s Petrobras is one of very few oil companies with no oil storage problem, according to its chief executive. Roberto Castello Blanco said at an event yesterday that Petrobras’s oil…

Will OPEC+ Extend Its Historic Production Cut Agreement?

Jun 01, 2020 at 13:54

OPEC+ is set to bring forward its meeting to Thursday, with a short extension of the current production cuts as the most likely outcome.  Originally scheduled…

Offshore Oil Is On The Brink Of Collapse

Jun 01, 2020 at 13:48

Project cancellations, spending cuts, well shut-ins: the problems and dilemmas plaguing onshore oil producers have also spread to offshore. And while the effects of the Covid-19 pandemic on…

Will America Win The Race For Nuclear Fusion?

Jun 01, 2020 at 13:44

An MIT spin-out company is planning to cross the commercial nuclear fusion finish line before anyone else, and big money is backing this game-changing tech that will dictate…

The Future Of Wind Energy

Jun 01, 2020 at 13:14

Proponents of renewable energy have faced criticism for years that while wind and solar power generate clean energy, the supply chain behind the technologies used in wind tower…

The Big Tech Company Backing Canada's Oil Sands

Jun 01, 2020 at 12:56

As uncertainty continues to wreak havoc on the global crude market, a surprising partnership between Amazon and one of Canada’s most controversial oil companies may be forming.

Russia Is Quickly Becoming The Most Dominant Force In Energy

Jun 01, 2020 at 12:42

Moscow’s oil pricing dispute with the Government of Saudi Arabia, a domestic U.S. oil boom, and a fall in global oil demand since the COVID19 outbreak…

Oil Majors Face Another Impossible Decision

Jun 01, 2020 at 11:54

The oil industry only has two choices as it reshapes itself after the oil price crash — either become broader energy firms or pursue a narrower specialization in oil and…

Three Reasons Oil Prices Are Bouncing Back

Jun 01, 2020 at 11:14

Oil prices have come a long way since the deep dive into negative territory a month ago. One could argue that the price of West Texas Intermediate (WTI)…

Suncor: Energy Transition Will Destroy Oil Demand

Jun 01, 2020 at 11:00

Low-carbon technologies could disrupt global oil demand in the not-too-distant future the way COVID-19 crushed demand during the lockdowns worldwide, Mark Little, chief executive of one of Canada’s largest oil…

Saudi Arabia Could Set Trend For Higher Oil Prices In June

Jun 01, 2020 at 09:45

Saudi Arabia is likely to increase the price for its oil bound for Asia in July, a Reuters survey of five refinery sources showed on Monday.  This is the second consecutive…

OPEC+ Could Hold Its Next Meeting This Week

Jun 01, 2020 at 08:57

The next OPEC+ meeting, initially scheduled for June 9-10, could take place earlier than expected according to a Reuters report that cites a letter from the OPEC president of…

The World Has Too Many Oil Refineries

May 29, 2020 at 17:38

At the start of the global pandemic in March, refineries around the world had to cut back on processing amid collapsing demand. However, there is a structural problem…

U.S. Shale Isn't Losing Sleep Over The 2020 Elections

May 29, 2020 at 17:27

The battle lines are already drawn in a high-stakes political contest that will ostensibly determine the fate of the American shale industry. On the blue corner is former…

Solar Stocks Are Leading The Energy Market Recovery

May 29, 2020 at 17:23

The COVID-19 pandemic has hit every part of the energy industry, but investments in renewables are set to drop the least, while renewable energy stocks have outperformed the…

Why The World’s Largest Asset Manager Has Seen Its Shares Soar

May 29, 2020 at 17:21

It’s off to the races for the world’s largest asset manager, BlackRock Inc. (NYSE:BLK). At a time when the majority of Wall Street’s mega banks are just starting…

The Uncertain Future Of America’s Most Controversial Pipeline

May 29, 2020 at 17:18

The U.S. Presidential election coming up in November may well decide the fate of the infamous Keystone XL oil pipeline, with the conservative right and the liberal left…

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