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U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

M&A Fever Hits Canada's Oil and Gas Industry

M&A Fever Hits Canada's Oil and Gas Industry

The mergers and acquisitions wave…

Energy / Crude Oil

U.S. Shale Oil Production Growth Is Slowing Down

Apr 18, 2024 at 10:24 | Irina Slav

At the start of this week, following Iran's missile attack on Israel, oil prices inched up. The key word here was "inched". The attack was a first; it came from…

Standard Chartered Says Peak Oil Demand Is Not Imminent

Apr 17, 2024 at 17:13 | Alex Kimani

The oil price rally has lately lost some steam, with WTI for May delivery and June Brent futures slipping more than 5% since Friday after the Energy Information Administration (EIA)…

Oil Moves Down on Crude Inventory Build

Apr 17, 2024 at 09:43 | Irina Slav

Crude oil prices moved lower today after the Energy Information Administration reported an inventory increase of 2.7 million barrels for the week to April 12. This compared with…

Zombie Fires Pose Looming Threat to Canada’s Oil and Gas Infrastructure

Apr 17, 2024 at 09:27 | Felicity Bradstock

As the world heats up, several countries experiencing greater wildfires. Last year, Canada battled record blazes and despite getting them under control, several fires continue to rage out of site.…

Should We Keep Investing in Oil and Gas? Experts Weigh In

Apr 16, 2024 at 08:30 | Felicity Bradstock

In recent months, several oil majors have emphasised the need for greater investment in oil and gas. Many fossil fuel companies have increased their oil and gas output in the…

Institutional Investors Double Down On Oil Despite Divestment Pledges

Apr 16, 2024 at 08:12 | City A.M

The campaign for institutional investors to divest from oil giants like BP and Shell hasn’t made any progress due to the way index…

Javier Blas: 10 Things Oil Traders Need to Know About Iran's Attack on Israel

Apr 15, 2024 at 08:33 | ZeroHedge

OPEC+ has sufficient spare production capacity to control a price rally, but its approach to increasing output will be crucial.Iran's direct attack on Israel on Saturday…

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Apr 12, 2024 at 10:47 | Felicity Bradstock

Over the last two years, the U.S. has significantly boosted its oil and gas production, despite also developing its renewable energy capacity. Following the Russian invasion of Ukraine and subsequent…

IEA Cuts 2024 Oil Demand Growth Forecast

Apr 12, 2024 at 10:01 | Charles Kennedy

Global oil demand growth is slowing due to “exceptionally weak” deliveries in developed economies at the start of the year, the International Energy Agency (IEA) said on Friday as…

U.S. Crude Production To Decline In 2024 As Shale Activity Stalls

Apr 11, 2024 at 19:48 | Alex Kimani

Over the past three years, the U.S. energy sector has enjoyed an oil price boom that has been accompanied by soaring crude production. According to data by the U.S. Energy…

Oil Fund Withdrawals Suggest Extended Price Rally

Apr 11, 2024 at 13:39 | Irina Slav

The world's largest crude oil exchange-traded fund has bled over $2 billion in less than a year. And it's not due to investors finding greener pastures elsewhere with other ETFs;…

M&A Fever Hits Canada's Oil and Gas Industry

Apr 11, 2024 at 10:34 | Tsvetana Paraskova

The mergers and acquisitions (M&A) wave sweeping through the U.S. oil and gas industry has reached Canada, which could see a megamerger in the coming months.    Smaller deals are…

Biden Administration's SPR Plans Derailed by Oil Price Surge

Apr 11, 2024 at 09:32 | Robert Rapier

Despite indicating they would refill the Strategic Petroleum Reserve (SPR) by the end of this year, the Department of Energy

OPEC+ Rules in an Increasingly Tight Oil Market

Apr 10, 2024 at 16:11 | Tsvetana Paraskova

The OPEC+ group is firmly back in control of the oil market and has the power to have it extremely tight in the second half of the year should it…

OPEC+ Faces Fork in the Road

Apr 09, 2024 at 11:14 | Irina Slav

OPEC+ once again extended its oil production cuts this month. The decision was anything but unexpected and, unlike previous production policy announcements, it had the desired effect on prices. However,…

Energy Stocks Rally Under The Radar

Apr 09, 2024 at 10:43 | Tsvetana Paraskova

Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago.   Energy stocks have…

Megamerger Mania Set To Shake Up Latin America’s Oil and Gas Industry

Apr 08, 2024 at 09:47 | Felicity Bradstock

Brazilian oil and gas company Enauta may soon change the face of Latin American fossil fuels by establishing an independent oil and gas company with 3R Petroleum Óleo e Gás.…

North Sea Oil and Gas Firms Continue Drilling Despite Climate Goals

Apr 05, 2024 at 09:44 | Felicity Bradstock

All major North Sea oil countries are expected to continue drilling for oil and gas as they fail to agree on climate measures. The major oil-producing countries operating in the…

Suing Big Oil Is Becoming a Lucrative Business

Apr 05, 2024 at 09:23 | Irina Slav

First it was a group of children in Montana. Then, in Portugal, a group sued their local governments for allowing climate change to happen. The Montana group even…

Ecopetrol, Guerillas and Death Squads: The War for Colombia’s Oil

Apr 04, 2024 at 08:58 | Matthew Smith

Colombia’s national oil company Ecopetrol, regarded as one of the best-managed state-controlled energy companies in Latin America, is still dealing with allegations of murder, extortion, and intimidation. Since the early…

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