After a two year rally…
Bank of America sees oil…
The total number of total active drilling rigs in the United States fell by 17 this week, according to new data from Baker Hughes published Friday, after falling by 7…
Earlier in the year, Wall Street was mostly bullish about the prospects of Canada’s Oil Patch with the sector expected to resist a sharp downturn in the current…
European oil supermajors have been raking in strong earnings from their trading divisions in recent years amid volatile commodity prices. Yet, Big Oil hasn’t been reporting just how strong their…
Signs are emerging that the still continuing IPO boom in the Gulf could be reaching its zenith. Lower oil and gas revenues as a result of falling Brent…
On Thursday, US benchmark West Texas Intermediate crude oil prices experienced a 2% decline, reaching a one-week low. The drop then continued on Friday morning. This drop can be attributed…
1. Canada Wildfires Curb Gas Output- Canada’s ongoing state of emergency that was triggered by…
Politics, Geopolitics & Conflict Kyiv said mid-week that Russian forces had withdrawn from parts of the key battlefield of Bakhmut as a result of Ukrainian counterattacks. The fallback is not…
The Arab world has welcomed Syria back into the fold; specifically, by readmitting the Assad regime into the Arab League, from which it was evicted 12 years ago.…
Low demand for natural gas has sent Europe’s benchmark gas prices towards a sixth consecutive weekly loss—the longest run of weekly losses since 2020. The front-month futures at the TTF…
Until now, China has dominated the Asian electric vehicle (EV) market but there are some other fast-growing EV markets now emerging across the region. Several Asian countries are…
Governments worldwide are encouraging private companies to move away from fossil fuels and invest heavily in green energy and related technologies. In doing so, they are also trying…
Last December, French utility giant EDF abandoned plans to build a 400-MW solar farm near Williamsport, Ohio. The reason was strong local opposition…
Bearish sentiment has continued to build in oil markets this week despite OPEC boosting its outlook for Chinese demand and the Biden administration hinting that they may soon refill the…
Houston is attracting crude flows via pipelines again as record-high U.S. oil exports have resulted in a surge in pipeline utilization to the top-exporting hub of Corpus Christi, analysts told…
Early on Friday, oil prices extended the losses of the previous two days as concerns about the Chinese and U.S. economies continue to weigh on market sentiment, dragging prices down…
Warren Buffett recently opined that it is impossible to foresee the ultimate winner in the electric vehicle market, suggesting that it may or may not end up being Tesla. …
The U.S. Environmental Protection Agency (EPA) proposed on Thursday new standards on carbon emissions from coal and natural gas-fired power plants as the Biden Administration continues with its efforts…
Latin America emerged over the last two decades as one of the world’s top oil-producing regions. This occurred because of Brazil’s immense offshore oil boom driven by that…
With the hot topic of artificial intelligence (AI) being talked about in every industry and all around the world, it’s important to understand how it plays into the…
Only recently written off as a sector in terminal decline, coal is raking in record profits. A perfect storm of factors stemming from…