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Article Archive | Page 677

Oil Spikes Despite Pandemic Uncertainty

May 14, 2020 at 17:35

Oil prices have stabilized due to a rebound in demand and the “spectacular” drop in supply, according to a new report from the International Energy Agency (IEA). The reopening of…

How Accurate Are EIA And API Inventory Reports?

May 14, 2020 at 17:16

Oil markets have had yet another confusing week, this time not just because of the coronavirus and all the media attention that has garnered. But this week, disparate…

LNG Price War Could Send Natural Gas Into Negative Territory

May 14, 2020 at 16:22

Jousting for market share at a time of massive supply/demand imbalances was the key reason why oil markets recently entered uncharted waters after dipping into negative territory. Unfortunately, leading natural…

Why Covid-19 Won’t Kill The Renewable Revolution

May 14, 2020 at 16:17

“By the end of the coming decade we will be on one of two paths. One is the path of surrender, where we have sleepwalked past the point…

Why Russia Will Struggle To Meet Its Production Cut Quota

May 14, 2020 at 14:32

The effect of oil well shut-ins on future production has become one of the main topics of discussion in the energy media lately, what with OPEC+ cutting millions of barrels…

Tesla Could Launch A Million-Mile Battery This Year

May 14, 2020 at 13:01

Tesla is set to launch a million-mile battery as soon as this year or early in 2021 for its Model 3 in China, as part of a wider plan to…

Saudi Arabia Cuts June Oil Exports To Asia

May 14, 2020 at 12:23

Saudi Arabia’s oil giant Aramco has slashed by up to 30 percent its crude oil allocations to at least three buyers in Asia for June, compared to what customers had…

Iran Unlocks New Funding Stream For Oil & Gas

May 14, 2020 at 11:13

A small and tedious-looking announcement of the ratification of a bylaw relating to the issuance of securities appeared on Iranian government-affiliated websites last week and was unsurprisingly ignored…

U.S. Shale Needs To Slow Down To Survive

May 14, 2020 at 10:58

It has been a bleak couple of months for oil markets. Although markets recovered after going negative for the first time in history earlier this month, they didn’t…

Will Oil Prices Go Negative Again This Month?

May 14, 2020 at 09:56

The Commodity Futures Trading Commission has warned that as the expiry date for the June West Texas Intermediate contract approaches, the chances of extra price volatility have increased. The regulator…

Goldman Sachs: Oil Market Headed For Deficit In June

May 14, 2020 at 09:01

Improving global oil demand and faster-than-expected production curtailments from outside the OPEC+ pact are set to push the oil market into…

Is EIA Data Disguising A Disastrous Decline In U.S. Shale?

May 13, 2020 at 17:47

The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is…

The World's First 3D Printed Nuclear Reactor

May 13, 2020 at 17:05

3D printing has been getting a lot of hype as an innovative way of manufacturing everything from keychains, aircraft engine parts, and ventilators. Now, 3D printing is creating a nuclear…

Extra OPEC+ Cuts Fail To Impress Oil Markets

May 13, 2020 at 14:38

Last week was the calmest yet in the weeks following COVID-19 and price-war related events that have rocked the oil complex. Normal standard deviation in Brent in w-o-w is about…

OPEC Slashes 2020 Oil Demand Forecast By 9 Million Bpd

May 13, 2020 at 12:35

OPEC slashed on Wednesday its global oil demand estimates for this year while cutting its forecast for non-OPEC supply as oil producers outside the OPEC+ pact accelerate production curtailments due…

Oil Crash Puts Texas Solar Boom At Risk

May 13, 2020 at 12:31

The oil price crash struck right in the heart of the U.S. oil industry, Texas, where firms are curtailing production to ride out…

Tesla Energy: Elon Musk's Next Big Plan

May 13, 2020 at 12:07

The way that you trade energy could soon have a whole lot more star power. Elon Musk is entering the energy trading scene with a new

Global Oil Demand Could Take Years To Recover

May 13, 2020 at 11:33

Global oil demand will take at least a year--and probably much longer--to return to the pre-crisis levels of 100 million barrels per day (bpd), Fatih Birol, Executive Director of the…

Are Venezuelan Oil Exports Poised For A Comeback?

May 13, 2020 at 10:22

As the international community seeks answers with regards to the failed armed incursion into Venezuela that took place May 4, allegedly with the immediate participation of former US military veterans,…

Oil Prices Jump On Surprise Crude Inventory Draw

May 13, 2020 at 09:42

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8. This compared with…

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