Article Archive | Page 675

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…

Jun 03, 2020 at 16:45

The advance of renewable energy and electric vehicles (EVs) has incentivized scientists to look into various ways to solve the problem with efficient energy storage, which is the…

Jun 03, 2020 at 13:12

The oil and gas industry in the United States scored a big win this week after the EPA narrowed the focus of a rule that up until now,…

Jun 03, 2020 at 13:04

China has big plans for the nation’s nuclear energy sector. While the nuclear energy targets set by Beijing have been massively delayed, the nation is still on track…

Jun 03, 2020 at 13:03

Brent futures have broken above $40 for the first time since early March. Volatility continues to trend downwards, with the biweekly rolling average moving towards mean levels. Physical oil has…

Jun 03, 2020 at 12:19

Global oil demand has improved over the past few weeks, led by China’s demand which has rebounded to 90 percent of its pre-coronavirus levels, while tentative signs of improvement emerge…

Jun 03, 2020 at 11:40

Given the massive negative hit taken by Saudi Arabia’s economy as a result of Crown Prince Mohammed bin Salman’s oil price war, aimed at destroying the U.S. shale oil…

Jun 03, 2020 at 10:38

Saudi Arabia and Russia have reached a preliminary agreement to extend the current level of the OPEC+ production cuts by one month, provided that the laggards in compliance ensure over-compliance…

Jun 03, 2020 at 09:40

A day after the American Petroleum Institute surprised market yet again with a crude oil inventory draw, pushing prices up, the Energy Information Administration also reported an inventory decline,…

Jun 03, 2020 at 08:42

Brent Crude prices broke above $40 a barrel early on Wednesday, surpassing that threshold for the first time since Saudi Arabia and Russia broke up the previous OPEC+ pact on…

Jun 02, 2020 at 17:11

Shale drillers are bringing some shuttered oil production back online as the glut eases.  The total amount of shut-in production in the Bakken stood at 475,000…