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Article Archive | Page 671

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…

A Nightmare Scenario For Offshore Oil

May 29, 2020 at 17:17

Between low demand, soaring inventories, depressed prices, a global pandemic, and now, hurricane season, it seems a perfect storm is forming around the offshore oil industry. 

Only One Oil Major Is Betting Big On Renewable Energy

May 29, 2020 at 17:17

Investments in solar and wind energy projects by the world’s oil majors over the next five years are expected to reach $17.5 billion, a Rystad Energy analysis finds.…

Is Lebanon’s Natural Gas Boom Dead In The Water?

May 29, 2020 at 17:15

Is Lebanon’s Natural Gas Boom Dead In The Water?   Description: Absent any discovery thus far, there has been little talk as to what to do with Lebanon’s…

Solving The Energy Industry's Biggest Problem

May 29, 2020 at 17:14

Here’s a fact you don’t often hear: electric cars are a tiny portion of the global market. “Tiny” here means 0.5 percent of…

Turkey’s Dangerous Energy Play Is Putting The Entire Region At Risk

May 29, 2020 at 17:13

In the world of energy geopolitics and economics are closely linked to each other. The exploitation of oil and gas reserves is a major source of income for…

Oil Market Could See Long Term Contango

May 29, 2020 at 13:16

The oil market could stay in a state of contango for longer after supply and demand finally balance due to the vast amount of crude and products in storage, Reuters…

Oil Prices Slide As U.S.-China Tensions Return

May 29, 2020 at 12:35

The recent move by China to pass a national security law in Hong Kong has reignited tensions between Washington and Beijing. Those tensions are now threatening over $52 billion in…

Oil And Gas Rig Count Falls For Ninth Straight Week

May 29, 2020 at 12:23

Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 17, falling to 301, with the total oil and…

The Next Big Wildcard For Oil Markets

May 29, 2020 at 11:10

U.S. West Texas Intermediate crude oil is edging lower at the end of the week with prices being dragged down by weak U.S. fuel demand, fears of a second wave…

The Shale Bust Has Arrived

May 29, 2020 at 11:08

1. Shale bust is here- Shale wells decline somewhere between 70 and 90 percent from…

2 Hot Hydrogen Stocks Right Now

May 29, 2020 at 11:06

To be honest, the strong rally we are seeing in the stock market right now has me a bit confused. I look around at a country with around fifteen percent…

Three Key Events In The Global Oil Patch

May 29, 2020 at 11:06

Three Events to Watch in the Global Oil Patch First, while the markets are again overly obsessed with OPEC news (particularly in the aftermath of an oil price war), all…

Iranian Oil Reaches Crisis-Stricken Venezuela

May 29, 2020 at 11:03

- Much to Turkey’s dismay, the EastMed gas pipeline project has been approved by the Cypriot cabinet, and studies are currently in progress. The consortium comprises Cyprus-Greece-Israel for the 1300-mile…

New Spat Between U.S. And China Could Crush $52 Billion Energy Deal

May 29, 2020 at 11:06

The latest escalation between the U.S. and China could compromise U.S. energy sales worth $52 billion that China pledged to make over the next few years as part of the…

Oil Prices Are Unlikely To Break $40 This Year

May 29, 2020 at 10:01

Despite production cuts from OPEC+ and North America and slowly improving demand, oil prices are not expected to average much higher than current prices in 2020 because of renewed U.S.-China…

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