European refiners are struggling with their weakest market in decades. But some industry watchers have become cautiously optimistic that improved demand, plant closures, and longer OPEC+ supply cuts could put Continue Reading
Colder-than-normal weather settling into Europe over the next week is poised give the second boost to natural gas and power markets since the start of the heating season. The chill is Continue Reading
A group of environmental organizations backed by thousands of Dutch citizens launched a civil case Tuesday against the energy giant Shell, asking a court to order the multinational to commit Continue Reading
Russia produced 40.96 million mt of crude and condensate in November, equivalent to around 10 million b/d, according to preliminary data released by the central dispatching unit of the Russian Continue Reading
Crude oil futures fell during mid-morning trade in Asia Dec. 1 after OPEC members failed to agree on extending current output cuts and have delayed the second day of its Continue Reading
Oil erased earlier losses with OPEC+ seeking more time to reach a deal on production policy after a meeting broke down without an agreement. Futures were 0.7% higher in New York, Continue Reading
Oil’s rally above $45 a barrel hit the brakes on Monday. (Bloomberg) — Oil’s rally above $45 a barrel hit the brakes on Monday after OPEC talks ended without a Continue Reading
Goldman Sachs expects Brent crude to reach $65 a barrel next year following the release of an effective Covid-19 vaccine and a limited increase in supply from OPEC+. However, before Continue Reading
The “bridge fuel” narrative for natural gas is being replaced. Not so easily replaced, however, is the demand for natural gas. Natural gas—just a couple of years ago hailed as Continue Reading
The progressive goal to “transition” away from oil might not be as easy as some proclaim. In the U.S., oil has been our main source of energy since 1950, when Continue Reading
