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Energy

Saudi Arabia Could Deepen Production Cuts As China’s Oil Imports Fall

Aug 09, 2023 at 13:46 | Alex Kimani

Last month, several commodity experts predicted the Saudis will prolong its voluntary production cut but taper off their extra cut by restoring 250,000-500,000 barrels a day of halted production…

Helium Wars: Why Are Tech Giants Fighting Over This Rare Gas?

Aug 09, 2023 at 13:00 | Michael Kern

A daunting list of key industries the world over is now wondering where their future supplies of helium will come from.  What battery metals are to…

Oil Ticks Higher On Fuel Inventory Draws

Aug 09, 2023 at 10:52 | Irina Slav

Crude oil prices moved higher today after the U.S. Energy Information Administration reported an estimated inventory build of 5.9 million barrels for the week to August 4. Fuel inventories,…

Gas Prices Drive Traders To Risky Ukraine Storage Options

Aug 09, 2023 at 10:04 | Tsvetana Paraskova

Despite risks of potential hits due to the war, traders have started to store natural gas at storage sites in Ukraine, taking advantage of the lower costs and high available…

Are We Nearing A Fossil Fuel Turning Point?

Aug 09, 2023 at 09:21 | Leonard Hyman & William Tilles

At some point, fossil fuel sales will stop growing. How soon? You can make the projections, the ones that start with overall demand, and the ones that look at each…

The AI Conundrum: Green Energy Hero Or Carbon Culprit?

Aug 09, 2023 at 09:20 | Haley Zaremba

Artificial Intelligence presents a catch-22 for the renewable energy industry. Meeting decarbonization goals in time to avoid the worst impacts of climate change will require an unprecedented amount of coordination…

Coup In Niger Could Derail This Strategic Pipeline

Aug 09, 2023 at 09:12 | James Durso

Almost twenty years to the day after Ambassador Joseph Wilson wrote his op-ed “What I Didn’t Find in Africa” about his visit to Niger

Venezuela’s Oil Industry Is Killing South America's Oldest Lake

Aug 09, 2023 at 09:06 | Matthew Smith

Lake Maracaibo, which is South America’s oldest lake and forms part of a crucial regional ecosystem, is dying. The five thousand square miles ecologically diverse body of water, which is…

Can The Current Oil Price Rally Really Last?

Aug 09, 2023 at 08:14 | Osama Rizvi

Oil prices have recently experienced a notable surge, marking a shift from their extended stay in bearish territory. A combination of OPEC+ committing to output reductions, a substantial…

German Energy Giant Warns Europe’s Crisis Is Not Over Yet

Aug 09, 2023 at 06:25 | Tsvetana Paraskova

Despite significantly calmer energy markets and much lower wholesale natural gas prices, Europe could still face price spikes this winter if a sudden shortage of supply coincides with…

The Sweetest Spot For Energy Investment

Aug 08, 2023 at 12:07 | Leonard Hyman & William Tilles

Start with the obvious. You invest to earn a return on your money. And you want your investment to grow faster than the rate of inflation in order to protect…

China Becomes Bearish Factor For Oil Prices Again

Aug 08, 2023 at 10:32 | Tom Kool

Brent crude fell below $85 per barrel on Tuesday as poor import/export data from China weighs on oil markets. 

Oil Majors Face $44 Billion In Losses After Russia Exit

Aug 08, 2023 at 10:10 | Irina Slav

The oil industry, including companies BP, Shell, and TotalEnergies, was the industry that suffered the greatest financial losses from leaving Russia, an analysis by the Financial Times…

How AI Is Breathing New Life Into Oil And Gas Operations

Aug 08, 2023 at 08:47 | Felicity Bradstock

The use of artificial intelligence (AI) and other digital technologies in the oil and gas industry has increased dramatically in recent years and is expected to continue growing over the…

Iraq Unwilling To Resume Crude Exports From Kurdistan To Turkey

Aug 08, 2023 at 08:38 | Simon Watkins

It is easy to lose sight of the wood for the trees sometimes in the complex world of global oil. And perhaps no subject in that world involves so many…

From Unknown To Unstoppable: New Traders Redefine Russia's Oil Landscape

Aug 08, 2023 at 08:22 | Tsvetana Paraskova

Little-known and newly-incorporated trading companies have handled large volumes of Russian crude oil and products since the Russian invasion of Ukraine and the withdrawal of Western firms from trades with…

New Drilling Data Reignites Suriname's Oil Dream

Aug 08, 2023 at 08:20 | Matthew Smith

After five commercial oil discoveries in Surname’s offshore Block 58, the government in Paramaribo was optimistic the tiny, impoverished country was on track to enjoy an oil boom on the 

India’s Imports Of Saudi Crude Oil Plunge By 34%

Aug 08, 2023 at 04:36 | Tsvetana Paraskova

India’s crude oil imports from Saudi Arabia plunged by 34% in July just as the top global exporter started reducing its production by 1 million barrels per day (bpd) on…

New Research Could Make Shale Oil Production Cheaper

Aug 07, 2023 at 13:29 | Alex Kimani

The U.S. shale revolution has dramatically reshaped the world energy markets. The shale boom was one of the most impressive growth stories, from take off in 2008 to the Permian…

U.S. Crude Gains Weight Against Global Oil Benchmarks

Aug 07, 2023 at 10:18 | Irina Slav

A surge in U.S. crude oil exports is changing the face of the global market and how oil is priced, with the price of U.S. crude gaining weight…

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