Article Archive | Page 703

Mar 16, 2020 at 18:00

As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s. “The additional quarantine measures imposed in France, Spain…

Mar 16, 2020 at 16:45

Saudi Arabia will continue to pump oil at increased levels through May, Saudi Aramco Chief Executive Amin Nasser said on Monday during an earnings call, according to Reuters. Nasser added…

Mar 16, 2020 at 14:45

Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Antarctica,…

Mar 16, 2020 at 14:27

Investment professionals on Wall Street spend their days reading financial reports and looking at numbers flash on screens. These numbers record the moment-to-moment changes in the collective wisdom of markets…

Mar 16, 2020 at 14:23

As markets brace for yet another week of total liquidation (even gold fell below $1500), oil drillers are preparing for the worst. Last time crude traded this low, back in…

Mar 16, 2020 at 14:00

With Saudi Arabia and Russia pumping flooding the market with oil as coronavirus threatens demand, oil prices have crashed below the $30 mark. It is a price crash that could…

Mar 16, 2020 at 12:33

According to a number of cognitive scientists, mankind uses its unique ability to reason primarily for justifying pre-held convictions, rather than for forming convictions. It is of…

Mar 16, 2020 at 12:00

As Saudi Arabia and Russia began an all-out oil price war for market share, the shipping industry is going through a supertanker run and charter rates for very large crude…

Mar 16, 2020 at 11:06

Attempts by some OPEC members to mediate between the cartel’s leader, Saudi Arabia, and Russia have failed and this Wednesday’s meeting of an OPEC+ technical committee has been scrapped amid…

Mar 16, 2020 at 09:13

The oil market is heading for the largest ever crude glut in the first half of 2020, which could be two to nearly four times bigger than the biggest surplus…

Mar 15, 2020 at 22:54

The Federal Reserve took yet another bold action on Sunday evening, announcing that the central bank would be slashing interest rates to zero percent. But the markets weren't impressed, with…

Mar 13, 2020 at 18:27

Those with a functioning memory may have thought that last week’s decision by Saudi Arabia to maximise oil production to crash oil prices and bankrupt U.S. shale…

Mar 13, 2020 at 18:24

The recent plunge in oil prices has put the financially ravaged U.S. shale industry in the spotlight over the past week, but the market downturn will blow a hole…

Mar 13, 2020 at 18:24

It’s not just oil getting crushed right now--commodities across the board are nose-diving, including precious metals. Not even gold can maintain its safe-haven status. The only shelter right now for…

Mar 13, 2020 at 18:24

Last week OPEC conducted meetings with a coalition of partners that have worked together to limit oil production since 2016. It was widely reported that the group hoped to come…

Mar 13, 2020 at 18:23

For a sector that is frequently chided for merely trying to burnish its green credentials, it appears some players are willing to put their money where their mouths are--by going…

Mar 13, 2020 at 18:19

Global oil giants are facing ever-increasing public pressure and higher levels of scrutiny over their responsibility to curb harmful greenhouse emissions. Yet, in the sprawling oilfields of Texas, New Mexico…

Mar 13, 2020 at 18:17

One of the latest entrants in the heated race for higher-performance battery pack technology is a new type of solid-state battery with high energy density, half the size of a…

Mar 13, 2020 at 18:15

Scientists around the world are racing towards a green energy solution that is cheap, efficient, and scalable enough to replace fossil fuels before our carbon-based economy steers us past the…

Mar 13, 2020 at 18:13

With all the drama around crude oil right now natural gas has moved outside the spotlight but there are some interesting developments there as well, and a lot more positive…