Shell expects its oil production to decrease by 1%-2% annually as it prioritizes spending on transition projects in an acceleration of its strategy to achieve net zero emissions by 2050, Continue Reading
Crude oil futures were rangebound in mid-morning trade in Asia Feb. 10 as improving fundamentals for crude oil were weighed against concerns of an overheated market. At 10:34 am Singapore Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 3.500 million barrels for the week ending February 5. Analysts had predicted an inventory build Continue Reading
Oil prices slipped on Wednesday, threatening to end the longest rally in two years as investors shrugged off industry data showing a fall in U.S. crude oil stocks that added Continue Reading
Crude oil futures settled at fresh 13-month highs Feb. 9 amid tightened supply outlooks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX March Continue Reading
Oil prices rose on Tuesday for their seventh straight session of gains, touching 13-month highs as investors kept betting that fuel demand will rise while OPEC and allied producers keep Continue Reading
The average energy investor is by now well aware of the sector’s monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip Continue Reading
The world is moving steadily away from coal. The emissions-heavy fossil fuel is public enemy number one in many, if not most, clean energy and climate smart initiatives and campaigns, Continue Reading
The world oil markets are facing a perfect storm which eventually could lead to structural economic and geopolitical changes. While Covid-19 has decimated markets and slashed profits, climate awareness and Continue Reading
State-owned oil companies are on course to invest $400 billion in oil and gas projects that could only break even if the world exceeds the Paris Agreement targets, a think Continue Reading
