Crude oil prices fell slightly today after the Energy Information Administration reported a crude oil inventory draw of 1 million barrels for the last week of January. Fuel inventories were Continue Reading
Big Oil recorded one of its worst years in history because of the coronavirus pandemic that pushed their financial results deep into negative territory. Earlier this week, BP reported a Continue Reading
Passenger air traffic plummeted 66% year on year in 2020 and the near-term outlook is one of continuing stagnation, the International Air Transport Association said Feb. 3. Receive daily email Continue Reading
About a week ago, alternative energy plays scored crucial wins seemingly at the expense of the oil and gas sector after President Biden ramped-up his radical climate agenda by announcing Continue Reading
First things first: electric vehicles are greener than conventional gas- and diesel-powered internal combustion engines no matter how you slice it. Even if 100 percent of your EV’s energy comes Continue Reading
Despite the Covid-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 gigawatts (GW) at year-end, from 27.7 GW at the end of 2019, Rystad Continue Reading
Iraq’s nationwide oil exports declined slightly from 3.304 million barrels per day (bpd) in December to 3.266 million bpd in January, according to an Iraq Oil Report analysis of data Continue Reading
The journey to net-zero emissions will have a cost for everyone, and policymakers should clearly explain this to consumers, Total’s chairman and CEO Patrick Pouyanné told CNBC ’s Steve Sedgwick Continue Reading
The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make any recommendation about Continue Reading
Iraq produced 3.807 million b/d of crude in January, including from the semi-autonomous Kurdistan region, the country’s State Oil Marketing Organization said Feb. 3, as it took criticism from an Continue Reading
