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Breaking News:

Oil Should Stay In Triple Digits: Analyst

Energy / Energy-General

Supply Disruptions Drive Bullish Sentiment In Oil Markets

Jul 01, 2022 at 13:05 | Tom Kool

Bullish sentiment is once again building in oil markets as supply disruptions mount and global oil demand growth continues unabated.

U.S. Rig Count Slips

Jul 01, 2022 at 12:11 | Julianne Geiger

The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count…

OPEC’s Oil Production Drops As Cartel Undershoots Target Again

Jul 01, 2022 at 10:52 | Tsvetana Paraskova

OPEC’s crude oil production fell in June compared to May, due to outages in Libya and Nigeria, and the 10 cartel producers bound by the OPEC+ pact lifted their combined…

Supreme Court Kills Climate Rules

Jun 30, 2022 at 13:01 | Leonard Hyman & William Tilles

On June 30, by a six to three vote, the US Supreme Court issued its long awaited ruling for West Virginia vs the Environmental Protection Agency. Lawsuits filed mainly by…

IEA: Global Nuclear Capacity Needs To Double To Meet Net-Zero Goals

Jun 30, 2022 at 11:42 | City A.M

Nuclear power capacity needs to double worldwide over the next three decades to reach net-zero carbon emissions targets to ensure energy independence, argued the International Energy Agency (IEA).…

The U.S. Could Face Rolling Blackouts This Summer

Jun 30, 2022 at 11:40 | Tsvetana Paraskova

Parts of the Western and Midwestern U.S. states are at elevated risk of blackouts this summer as utilities struggle with supply-chain problems and extreme weather events become more…

Natural Gas Prices To Rally As G7 Changes Its Tune On LNG Investment

Jun 30, 2022 at 11:35 | Irina Slav

Two years ago, the French government asked Engie, the power utility major, not to rush into signing an LNG delivery deal with U.S. energy giant NextDecade, with unnamed…

Why $5 Gasoline Won’t Cause A Recession

Jun 30, 2022 at 11:30 | Alex Kimani

After three straight days of gains, crude prices fell on Wednesday and have continued to slide on Thursday's intraday session after a report…

China And Saudi Arabia Strengthen Alliance With New Megaproject

Jun 29, 2022 at 11:15 | Simon Watkins

Ever since China gave Saudi Crown Prince Mohammed bin Salman (MbS) the opportunity to save face after his many unsuccessful attempts to float Saudi Aramco in what was…

Has OPEC+ Reached Peak Production Capacity?

Jun 29, 2022 at 10:41 | Tsvetana Paraskova

The production pact OPEC+ struck in April 2020 is set to end a month earlier than initially planned, in August 2022. The oil-producing group, however, is already facing…

The Winners And Losers Of The New Energy World Order

Jun 29, 2022 at 10:18 | Tsvetana Paraskova

The new global order after the Russian invasion of Ukraine is set to create new winners and losers in energy as trade flows are changing.   Russia…

Investors Dump Copper As Demand Stumbles

Jun 29, 2022 at 10:11 | Ag Metal Miner

Copper prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic…

China To Subsidize Refiners If Oil Prices Exceed $130

Jun 29, 2022 at 10:10 | Tsvetana Paraskova

China will provide subsidies to its oil refiners if international oil prices jump to over $130 per barrel as the world’s largest crude oil importer looks to ensure fuel supply…

Biden’s Green Energy Policy May “End In Tears”

Jun 29, 2022 at 10:07 | ZeroHedge

American Founding Father Benjamin Franklin once said that “experience is an expensive school but fools will learn in no other.” Germany’s green energy policy, launched in the year 2000, could…

Shell Warns Spare Oil Capacity Is Running Very Low

Jun 29, 2022 at 07:53 | Tsvetana Paraskova

Global spare capacity is running very low, which will keep oil and gas markets on edge for some time, according to the chief executive of supermajor Shell. “Spare capacity is…

Oil Markets Could Face A Doomsday Scenario This Week

Jun 28, 2022 at 12:45 | Cyril Widdershoven

Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns out to be…

Two Stocks To Watch As The Oil Industry Battles A Water Crisis

Jun 28, 2022 at 11:33 | David Messler

The era of casually disposing of water of any type is coming to an end. Water resources, particularly "fresh" water, are moving up the value chain. A resource…

The Catastrophic Environmental Consequences Of Russia’s Invasion Of Ukraine

Jun 28, 2022 at 11:24 | RFE/RL staff

In addition to thousands of deaths and the destruction of crucial infrastructure, another, more invisible, crisis tied to Russia’s invasion could haunt Ukraine for years: environmental damage. From shelled chemical…

Australia Is Facing An Energy Crisis Despite Abundance Of Natural Gas

Jun 28, 2022 at 11:15 | Felicity Bradstock

Australia is experiencing an energy crisis despite its reputation as a top gas exporter, as regulators struggle to deliver electricity. A combination of challenges has led to severe…

Are Oil Prices Heading Back To $120?

Jun 28, 2022 at 11:12 | Josh Owens

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