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Article Archive | Page 2

1,650 North Sea Oil & Gas Workers To Strike In Biggest Walkout So Far

May 23, 2023 at 10:58

Around 1,650 North Sea offshore contractors will begin two new rounds of 48-hour strike action in what a trade union said is the biggest walkout in the sector…

JP Morgan Bets Big On Carbon Removal  

May 23, 2023 at 09:57

JP Morgan is betting big on carbon removal and is buying credits from direct air capture developers to offset its environmental footprint, officials at the largest U.S. bank have told…

Oil Prices Rise As Saudi Energy Minister Threatens Short Sellers

May 23, 2023 at 09:20

Oil prices rose by nearly 2% early on Tuesday after the Saudi energy minister warned short sellers to “watch out” and as seasonal demand for fuel is set to rise…

Strong Fuel Demand Boosts Oil Prices

May 23, 2023 at 06:10

Strong demand for oil products is helping to drag oil prices higher, although the risk of a U.S. default and the upcoming OPEC+ meeting are the two major factors oil…

Traders Grow Even More Bearish On Oil

May 22, 2023 at 15:00

Despite expectations of a tightening oil market later this year, hedge fund managers and momentum traders continue to be bearish on crude and continue to dump bullish bets.     Portfolio…

China Drives Rebound In Global Oil Demand, But There’s A Catch

May 22, 2023 at 11:56

For many years now, the state of China’s economy has been one of the most important determinants of the oil price. The vast disparity between China’s oil needs…

Returns vs Emissions: The Big Oil Shareholder Fight

May 22, 2023 at 16:28

Big Oil is in the middle of a war no one could have seen coming just a few years ago. On one side are investors that like the supermajors’ recent…

This New Middle East Pipeline Could Be A Gamechanger

May 22, 2023 at 15:46

A huge new Middle East to Asia pipeline that could provide the East with high volumes of reliable gas supplies for decades is being planned. The presence of…

Why Green Energy Stocks Are Facing Headwinds

May 22, 2023 at 13:25

The clean energy sector has lately been struggling, with higher interest rates and a weakening economic outlook outweighing considerable backing by the Biden administration. The iShares Global Clean Energy ETF (NASDAQ:ICLN), the…

Suriname’s Much-Needed Oil Boom May Soon Be Back On Course

May 22, 2023 at 09:35

The last year has been particularly turbulent for the former South American Dutch colony of Suriname. A rapidly deteriorating economy, violent anti-government protests, and rising political uncertainty are…

How The Pace Of Climate Change Keeps Surprising Us

May 22, 2023 at 10:04

This seems like the 10th time that I've read a story that says Greenland's glaciers are melting faster than previously thought and thus…

Are We Nearing An Inflection Point For Oil?

May 22, 2023 at 10:21

Current oil market fundamentals are under pressure, and if you are listening to economists, hedgefunds or Western governments, you may conclude that the sentiment is decidedly bearish. The current low…

China Dominates Global Steel Industry

May 22, 2023 at 11:00

Steel is a critical component of modern industry and economy, essential for the construction of buildings, automobiles, and many other appliances and infrastructure used in our daily…

Cheap Russian Crude Is Replacing Middle Eastern Oil On India’s Spot Market

May 22, 2023 at 09:11

India’s spot purchases of crude oil from the Middle East have fallen in recent months, as cheaper Russian spot barrels are making their way to the world’s third-largest crude oil…

Chevron To Buy Shale Firm PDC Energy In $6.3-Billion Deal

May 22, 2023 at 08:35

Chevron Corporation has signed a deal to buy shale firm PDC Energy in an all-stock transaction valued at $6.3 billion, or $72 per share, the U.S. supermajor said on…

IEA Chief Warns That Europe’s Energy Market Is “Not Out Of The Woods” Yet

May 22, 2023 at 08:14

Despite a marked decline in benchmark natural gas prices in Europe this year, the continent is “not out of the woods” yet as three factors could worsen the European energy…

Oil Prices Sink As Fears Of A U.S. Default Continue To Weigh On Markets

May 22, 2023 at 03:00

Crude oil prices started the week sluggishly, with the benchmarks declining slightly at the time of writing, after posting a modest gain for the previous week. Brent crude was…

Why AI Is The Future Of Offshore Oil Drilling

May 19, 2023 at 11:48

Artificial Intelligence (AI) has emerged as some of the biggest secular megatrends of our time. AI is powering the fourth industrial revolution and is increasingly being viewed as…

Small Oil Moves In Where Big Oil Moves Out

May 19, 2023 at 12:50

A Dutch court ruled against Shell two years ago in a case targeting the supermajor’s emission footprint. It obliged the company to slash its emissions by almost half from 2019…

How The Renewable Boom Can Counter Energy Poverty In Rural Areas

May 19, 2023 at 09:51

As the world undergoes a green transition, governments around the globe have the potential to develop new energy hubs and diversify beyond traditional fossil fuel-rich regions to create a new…

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