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Article Archive | Page 2

Omicron Doom And Gloom May Not Be Justified

Dec 02, 2021 at 15:23

They say once bitten, twice shy. Last year, global oil traders were left shell-shocked after oil prices sunk into negative territory for the first time in history, a…

U.S. Coal Is Making A Transitory Comeback

Dec 02, 2021 at 15:30

While the U.S. Administration is pushing its green energy agenda and wants to decarbonize the power grid by 2035, coal is making a comeback this year as high natural gas…

Big Oil Is Fighting For Clean Fossil Fuels

Dec 02, 2021 at 16:03

Several international oil supermajors are planning to boost production while also promising to decrease their greenhouse gas emissions over the next decade and beyond. This seemingly counterintuitive strategy…

Republican States Could Pull $600B From Anti-Fossil Fuel Banks

Dec 02, 2021 at 14:58

A coalition of 15 Republican State Treasurers, Auditors, and Comptrollers of states representing over $600 billion in public assets – have recently said their states could potentially reduce future business…

LNG Suppliers Are Very Confident In Asia's Strong Gas Demand

Dec 02, 2021 at 13:29

Liquefied natural gas (LNG) suppliers are confident that strong gas demand growth in Asia in the coming decades will underpin the development of more projects this decade.   Asia’s LNG…

Could Suriname Become The Next Oil Hotspot In Latin America?

Dec 02, 2021 at 12:48

The deeply impoverished South American country of Suriname, which has been sharply impacted by the COVID-19 pandemic, is hoping to replicate the hydrocarbon success being enjoyed by

What Will Happen To Oil And Gas Workers After The Energy Transition?

Dec 02, 2021 at 12:01

The Covid-19 pandemic led to hundreds of thousands of job losses in the global energy sector following months of restrictions that hindered people from getting to work and…

Oil Prices Bounce Back Despite The OPEC+ Decision

Dec 02, 2021 at 10:48

Oil prices rose on Thursday after OPEC+ decided to keep its oil production policy unchanged and add another 400,000 bpd on the market in January. As of 10:14 a.m. EST,…

Family Firm Turns Frac Sand Bags Into Fashion Items

Dec 02, 2021 at 10:08

A family firm in Argentina is turning frac sandbags used in the Vaca Muerta shale play into shoes, handbags, and purses, Reuters has reported. The company, aptly named Fracking…

OPEC+ To Add 400,000 Bpd In January Despite Oil Price Plunge

Dec 02, 2021 at 08:53

The OPEC+ group is sticking to its plan to ease the production cuts in January by 400,000 barrels per day, despite mounting evidence of a larger-than-expected oil surplus early next…

Drilling Is Picking Up In The U.S. Shale Patch

Dec 01, 2021 at 16:21

The U.S. shale patch has returned to a moderate increase in drilling activity, having largely depleted the inventory of drilled by uncompleted (DUC) wells at the fastest clip…

IEA Head: Gas Producers Are To Blame For Energy Crisis In Europe

Dec 01, 2021 at 16:35

“The deliberate policies of energy producers” are to blame for the soaring gas and electricity prices in Europe, the head of the International Energy Agency said at an industry event…

Goldman Sachs: Oil Market Reaction To Omicron Is Excessive

Dec 01, 2021 at 15:57

The plunge in oil prices in recent days was excessive, and traders “far overshot” the potential impact of the Omicron Covid variant on global oil demand, pricing in a massive…

U.S. Shale Industry To Spend $83 Billion In 2022

Dec 01, 2021 at 15:21

US shale expenditure is projected to surge 19.4% next year, leaping from an expected $69.8 billion in 2021 to $83.4 billion, the highest level since the onset of…

EV Makers Are Desperate To Ditch Cobalt

Dec 01, 2021 at 14:32

With the energy transition in full swing, experts have predicted that metals are poised to become even more valuable than oil, with prices…

Three Bearish Factors Facing Oil Markets In 2022

Dec 01, 2021 at 12:43

Just when the world started to embrace some normalcy in terms of the global economy and social mobility, a new variant from South Africa, technically called B.1.1.529 and…

The Inevitable Recovery Of Iran’s Oil Industry

Dec 01, 2021 at 12:29

Iran’s recent hydrocarbon agreement with Azerbaijan is the latest in a string of developments that demonstrate the country’s determination to overcome U.S. sanctions.…

Deutsche Bank Bucks Bullish Oil Predictions

Dec 01, 2021 at 12:06

Deutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note. "It would be misguided to…

Jefferies: Fully Reopened World Could See $150 Oil

Dec 01, 2021 at 11:05

Low investment in oil while the world still runs mostly on fossil fuels could send oil prices to $150 per barrel when and if the world fully reopens, Chris Wood,…

Oil Prices Drop As Gasoline Inventories Build

Dec 01, 2021 at 09:44

Crude oil inched down today after the Energy Information Administration reported an inventory draw of 900,000 barrels for the week to November 26. Fuel inventories, however, added a substantial…

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