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Article Archive | Page 7

Iran Could Soon Officially Return 2 Million Bpd Of Oil To Global Markets

Apr 09, 2021 at 10:06

Iranian crude could return to global markets sooner rather than later as this week’s start of negotiations between Tehran and the five world powers that, together with the U.S. signed…

Saudi Oil Minister: OPEC+ Strategy Is Not Set In Stone

Apr 09, 2021 at 09:03

Days after OPEC+ greed to gradually ramp up production, adding some 2 million bpd to global supply by July, the Saudi energy minister, Prince Abdulaziz bin Salman has…

Many Drilled U.S. Wells Will Never Be Completed

Apr 08, 2021 at 17:01

Fracking crews are increasing their activity in U.S. shale basins, finishing off a slew of DUC wells, according to the EIA’s latest Monthly Drilling Report. As oil and gas companies…

Biden’s Gold Boom: Why the Yellow Metal Could Fly in 2021

Apr 08, 2021 at 20:00

Gold mania used to just live on Wall Street. Now it lives on Main Street, and a Biden Administration promises to add multiple fast lanes, paving the way for the…

Will Vision 2030 Impact Saudi Arabia’s OPEC Strategy?

Apr 08, 2021 at 16:38

OPEC’s leader Saudi Arabia is feeling the heat of its own success at present. By again stabilizing the markets, global oil prices have increased substantially but the pressure…

Big Oil Is Dead Set On Exploiting The Wind Power Boom

Apr 08, 2021 at 16:22

Lately, the solar sector has been hogging the renewable energy limelight, and for good reason. Experts such as the International Energy Agency (IEA) have predicted that solar energy will…

UAE’s Oil Giant Looks To List Drilling Business In Local IPO

Apr 08, 2021 at 16:07

Abu Dhabi National Oil Company (ADNOC) is talking to banks about the potential listing of its oil drilling unit on the local stock exchange, Reuters reported on Thursday, quoting…

Southeast Asia Looks To Increase Offshore Oil Production

Apr 08, 2021 at 15:51

Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater discoveries. The governments…

Smart Money Is Betting On A Helium Boom

Apr 08, 2021 at 20:11

Two years ago, three pre-eminent materials scientists, John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino, were awarded the 2019 Nobel Prize in Chemistry

Mexico Refinery Explosion Leaves Seven Injured

Apr 08, 2021 at 15:15

A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters. …

Big Oil Set To Return To Profit In 2021

Apr 08, 2021 at 13:18

Vitol, Shell and Exxon are all expected to announce profits in Q1 2021 following a turbulent 2020. The three companies are profiting from increased oil demand and a…

Investors Rush To Oil Stocks Despite ESG Push

Apr 08, 2021 at 12:56

Oil and gas companies have been in the crosshairs of public outrage for years now and the pressure has only been growing, with a new emerging breed of investors pressuring…

Ecuador's Oil Industry Desperately Needs A Miracle

Apr 08, 2021 at 12:19

Over the last decade it has been a wild ride for Ecuador’s trouble-plagued but economically crucial oil industry. Former president Rafael Correa’s heavy-handed policies, centered around oil nationalism…

Oil Slips As COVID Resurgence Threatens Demand Recovery

Apr 08, 2021 at 11:01

Oil prices dropped early on Thursday, following a record number of new daily COVID cases in major oil consumer India and a jump in U.S. gasoline stocks estimated by the…

GM Shares Secrets About Its New Revolutionary Battery Tech

Apr 08, 2021 at 10:05

GM shed some light on its EV tech research to produce much cheaper EV batteries, which will be key for its EV transformation. The automaker is experimenting with different types…

India Looks To Buy More Iranian Oil As Spat With Saudis Escalates

Apr 08, 2021 at 09:08

India is at the ready to purchase more Iranian oil immediately if U.S. sanctions on Iran are lifted, a government official has threatened in the latest escalation of the India-Saudi…

The U.S.-China Trade War Isn’t Over Yet

Apr 07, 2021 at 17:51

When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part…

What Caused The Saudi-India Oil Rift?

Apr 07, 2021 at 17:40

A match has been going on in global oil, which has stayed largely out of the spotlight as the world focuses on the pandemic and its effect on…

EIA Increasingly Optimistic About Oil Demand Growth

Apr 07, 2021 at 14:35

A stronger global economy this year is set to accelerate oil demand growth to 5.5 million barrels per day (bpd), the U.S. Energy Information Administration (EIA)

Tim Cook Finally Opens Up About The Much-Hyped Apple Car

Apr 07, 2021 at 14:33

After the novel coronavirus tore through communities worldwide and left a path of economic and public health devastation in its wake, many sectors are still struggling to recover.…

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