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Energy

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…

Low-Quality Crude Sees Mysterious Price Rally

May 11, 2023 at 16:31 | Irina Slav

Middle Eastern oil producers are raising the export prices for their lower-grade crudes, Bloomberg reported earlier this week. And European buyers have no choice but to pay up—because the…

Commodity Trade Between China And Australia Jumps

May 11, 2023 at 14:44 | Ag Metal Miner

By Sohrab Darabshaw via AGMetalminer.com March proved a good month for Australia and China. New data shows Australia’s exports to China touched a new high in that…

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. …

OPEC: World Oil Demand To Rise By 2.33 Million Bpd In 2023

May 11, 2023 at 10:59 | Alex Kimani

For the third month running, OPEC has barely changed its forecast of global oil demand, predicting growth of 2.33 million barrels per day, or 2.3% Y/Y growth, good for a…

Shale Steals The Show As Oil & Gas Spending Surges

May 11, 2023 at 09:58 | Rystad Energy

Global energy reliability concerns are triggering a surge in oil and gas investments – but this uptick is only temporary, and service companies should capitalize now before the…

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…

China Reduces Fuel Export Quotas In Second Batch Of Allocations

May 11, 2023 at 08:04 | Tsvetana Paraskova

China has issued 9 million tons of export quotas for refined products, mostly to state-held giant refiners, cutting the allocations in the second batch this year compared to nearly 19…

American Petroleum Institute Claims The EPA Is Trying To Ban ICE Vehicles

May 11, 2023 at 03:12 | Irina Slav

The new emission rules proposed by the Environmental Protection Agency would effectively mean a phase-out of internal combustion engine vehicles. That’s according to the American Petroleum Institute, which commented on…

Oil Demand In Transport Sector May Drop By Up To 50% By 2050

May 10, 2023 at 13:40 | Alex Kimani

With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total…

Traders Dump Oil As Concerns About The Economy Persist

May 10, 2023 at 11:50 | Tsvetana Paraskova

Money managers fled the oil market in the week to May 2, reversing two weeks of buying petroleum futures and contracts spurred by the new production cuts announced by several…

A Battery Breakthrough That Could Solve A Major Problem For The West

May 10, 2023 at 10:10 | Brian Westenhaus

Texas A&M University chemical engineers have discovered a 1,000% difference in the storage capacity of metal-free, water-based battery electrodes. Chemical engineering professor Dr. Jodie…

Oil Falls Further On EIA Inventory Report

May 10, 2023 at 09:37 | Irina Slav

Crude oil prices fell further today after the Energy Information Administration reported an inventory build of 3 million barrels for the week to May 5. This compared with…

Can Argentina’s Oil Industry Help Stave Off An Economic Crisis?

May 10, 2023 at 09:03 | Matthew Smith

Argentina, which with a 2022 gross domestic product of $632 million is Latin America’s third-largest economy, is once again in the midst of…

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