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Article Archive | Page 2

Oil Prices Slip As Fears Of A U.S. Default Return

May 30, 2023 at 02:55

Crude oil prices retreated today in Asian trade following modest gains made on Monday on the news that President Biden and House Speaker and top Republican Kevin McCarthy had sealed…

The June OPEC Meeting May Spring A Nasty Surprise For The Oil Markets

May 29, 2023 at 18:20

The recent assurance from Russian Deputy Prime Minister and key OPEC+ negotiator Alexander Novak - that he does not expect the group to take any new decisions at their next…

Here’s Why Oil Flows Can Only Be Redirected, Not Stopped

May 29, 2023 at 13:00

Asian oil imports were due for a marked rebound this month after the end of the maintenance season. Chances are that a lot of the additional oil would be coming…

Saudi-Russia Tensions Growing Ahead Of Key OPEC+ Meeting

May 29, 2023 at 16:12

Days ahead of the key OPEC+ meeting on June 4, the leading producers in the group, Saudi Arabia and Russia, are at odds about output policy.  Riyadh has grown increasingly…

Turkey Hopeful After Recent Oil And Gas Discoveries

May 29, 2023 at 15:05

Following several major oil discoveries in recent months, Turkey is optimistic about its energy potential. The country’s oil and gas company, Turkish Petroleum (TPAO), has accelerated its exploration activities in…

New Debt Limit Deal Commits To Speeding Up Energy Projects

May 29, 2023 at 12:39

U.S. financial markets breathed a collective sigh of relief on Monday after negotiators from Democratic and Republican parties reached an agreement to raise the debt limit on Sunday night,…

Scientists Report Breakthrough With Very Low Cost Calcium Battery

May 29, 2023 at 13:40

Tohoku University researchers have recently developed a prototype calcium metal rechargeable battery capable of 500 cycles of repeated charge-discharge. Five hundred cycles is the benchmark for practical battery use. The breakthrough…

Debt Ceiling Deal Optimism To Boost Oil Prices

May 29, 2023 at 12:21

Oil markets have kicked off the new week on a slightly sour note with leading benchmarks recording minor gains. WTI crude was up 0.37% to trade at…

Norway Looks To Ramp Up Exploration In Arctic Waters

May 29, 2023 at 11:42

Norway appears to remain firmly committed to its oil and gas operations despite leading the green transition. Norway has long used almost entirely renewable energy to power its domestic consumption, yet it…

Is This The Supermajor Of The Century?

May 29, 2023 at 09:57

On May 22, 2023, Chevron announced that it had entered into a definitive agreement with PDC Energy, Inc. Chevron will acquire all of the outstanding shares of PDC…

Memorial Day Drivers Get Cheaper Gasoline Prices Thanks To Flagging Crude

May 29, 2023 at 09:42

Gasoline prices in the United States were up slightly on Memorial Day, the official start of the summer driving season, though Americans are still paying less at the…

Canadian Oil And Gas Producers Restart Production As Wildfires Abate

May 29, 2023 at 08:33

Canadian oil and gas producer Crescent Point Energy Corp on Monday said it had brought back online full production volumes at its operations in the Kaybob Duvernay play that…

Saudi Arabia Is Profiting From Its Record-Breaking Diesel Trade

May 29, 2023 at 06:42

Saudi Arabia is making money from diesel trading after the EU embargo on Russian fuels, as the world’s top crude exporter is now importing record volumes of cheap diesel from…

Oil Prices Climb As Default Fears Fade

May 29, 2023 at 03:05

Crude oil began trading this week with a gain after President Biden and House Speaker Kevin McCarthy were reported to have reached a provisional agreement on raising the debt…

Natural Gas Prices Could Fall Below Zero In Parts Of Europe

May 26, 2023 at 14:52

As tepid demand for gas from power generation and industry has sent European natural gas prices into a freefall in recent weeks, traders and industry officials are not ruling out…

More Money Will Flow Into Solar Than Oil For The First Time

May 26, 2023 at 14:26

The amount of capital investment flowing into the solar sector is poised to overtake the amount of investment going into oil production for the first time ever in…

The Race To Dominate The LNG Sector Is Creating A Buyer’s Market

May 26, 2023 at 13:45

Back in February of 2021, Qatar laid out a plan to ensure its dominance in liquefied natural gas exports for at least two decades. Already the world’s top exporter of…

The Decline In Coal Appears To Have Been Exaggerated

May 26, 2023 at 13:37

Despite big promises of a green transition and the creation of ambitious climate pledges, some countries are continuing to support the development of new coal mines. The U.K. and Australia…

Solar Is Cheapest Energy Source Says IEA

May 26, 2023 at 15:26

Solar power has been touted as the cheapest available source of energy for several years now. Solar power proponents have been talking about the consistent decline in the cost of…

OPEC+ Cuts Fail To Boost Middle East Oil Prices

May 26, 2023 at 17:02

The OPEC+ voluntary production cuts, on paper promising curtailments amounting to 1.66 million b/d, should have been the main story for May. Regrettably for many in the Middle East, just…

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