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Energy / Energy-General

Oil, Gas Drilling Activity In U.S. Sees Largest Single-Week Drop Since Mid-2020

May 12, 2023 at 12:12 | Julianne Geiger

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…

$70 Oil Creates Opportunity In Canadian Oil Stocks

May 12, 2023 at 12:08 | Alex Kimani

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…

Opaque Reporting Of Trading Profits Is A Problem For Europe's Oil Majors

May 12, 2023 at 11:32 | Tsvetana Paraskova

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…

The Middle East IPO Boom May Have Reached Its Zenith

May 12, 2023 at 10:03 | Cyril Widdershoven

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…

A Plethora Of Bearish Factors Push Oil Prices Down

May 12, 2023 at 09:30 | Editorial Dept

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…

Global Investment In Oil And Gas Soars

May 12, 2023 at 09:28 | Editorial Dept

1. Canada Wildfires Curb Gas Output- Canada’s ongoing state of emergency that was triggered by…

Russian Forces Fall Back In Bakhmut

May 12, 2023 at 09:26 | Editorial Dept

Politics, Geopolitics & Conflict Kyiv said mid-week that Russian forces had withdrawn from parts of the key battlefield of Bakhmut as a result of Ukrainian counterattacks.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…

Syria Rejoins The Arab League After A 12-Year Absence

May 12, 2023 at 09:24 | Editorial Dept

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.…

European Natural Gas Prices Are Set For A Sixth Consecutive Weekly Loss

May 12, 2023 at 08:52 | Julianne Geiger

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…

The Electric Vehicle Market In Asia Is Booming

May 12, 2023 at 08:46 | Felicity Bradstock

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…

A New Era Of Renewable Energy Owned By The Consumer

May 12, 2023 at 08:43 | Felicity Bradstock

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…

Biden’s Clean Energy Expansion Is Facing Local Resistance

May 12, 2023 at 08:34 | Irina Slav

Last December, French utility giant EDF abandoned plans to build a 400-MW solar farm near Williamsport, Ohio. The reason was strong local opposition…

Oil Markets Struggle To Overcome Bearish Sentiment

May 12, 2023 at 08:17 | Michael Kern

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 Oil Flows Again Amid Record-High U.S. Crude Exports

May 12, 2023 at 07:29 | Tsvetana Paraskova

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…

Oil Prices Set For The Longest Weekly Losing Streak Since November 2021

May 12, 2023 at 03:01 | Tsvetana Paraskova

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…

3 EV Stocks Sending Red Flag Signals

May 11, 2023 at 12:05 | Alex Kimani

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. …

EPA Proposes Slashing Emissions From Coal And Natural Gas Power Plants

May 11, 2023 at 08:48 | Charles Kennedy

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…

The 5 Largest Oil-Producing Countries In Latin America

May 11, 2023 at 08:37 | Matthew Smith

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…

The Growing Importance Of Robots In The Oil And Gas Industry

May 11, 2023 at 08:32 | Felicity Bradstock

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…

How Permanent Is The Coal Industry’s Bounce Back?

May 11, 2023 at 08:30 | Haley Zaremba

Only recently written off as a sector in terminal decline, coal is raking in record profits. A perfect storm of factors stemming from…

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