How High Can Oil Really Go?
Oil price revisions started cautiously: some banks saw Brent crude averaging $65 a barrel this year, and others, of a bolder nature, predicted that the oil benchmark could climb to Continue Reading
Gulf Stream system at weakest in a millennium due to climate change
The Gulf Stream system has weakened to its slowest pace in more than a thousand years, according to scientists, as global warming makes the powerful ocean current that controls much Continue Reading
Scientists see stronger evidence of slowing Atlantic Ocean circulation, an ‘Achilles’ heel’ of the climate
A growing body of evidence suggests that a massive change is underway in the sensitive circulation system of the Atlantic Ocean, a group of scientists said Thursday. The Atlantic meridional overturning Continue Reading
Nigeria losing 200,000 b/d to crude oil theft as sabotage grows: NNPC
Nigeria is losing an average of 200,000 b/d of its crude oil production to theft, state-owned Nigerian National Petroleum Corp. said Feb. 25, indicating a surge in pipeline sabotage in Continue Reading
China claims to have eliminated poverty. But the figures mask harsh realities.
To great fanfare, Chinese leader Xi Jinping on Thursday declared his country’s “complete victory” over extreme poverty. In an hour-long speech delivered from the Great Hall of the People in Continue Reading
The Oil Industry Is Ready To Fight President Biden In Court
Reeling from the effects of the pandemic, the oil industry is in no mood to fool around. When newly inaugurated President Joe Biden canceled the Keystone XL pipeline project, refiners Continue Reading
Which Banks Are The Biggest Backers Of Oil And Gas?
About a month ago, BlackRock Inc. the world’s largest asset manager with $9 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to Continue Reading
The Staggering Cost Of Weather-Proofing U.S. Infrastructure
As extreme weather conditions wreak havoc on America’s largest energy producing states, can they continue to provide for their citizens? The combination of climate change and aging infrastructure could soon Continue Reading
Natural Gas Production Plunged 45% During The Texas Freeze
Natural gas production in Texas collapsed by 45 percent during the cold snap last week, primarily due to freeze-offs, the Energy Information Administration (EIA) said on Thursday, citing estimates from Continue Reading
Exxon Shocks As Oil Reserves Drop By A Third
Exxon slashed its oil reserves by almost a third in what is the most radical reserve revision in the company’s modern history. The supermajor reported reserves totaling 15.3 billion barrels Continue Reading