Oil Traders Made A Killing Last Year
Retail investors with long positions in crude oil markets had to endure one of the most volatile years on record in 2020 thanks to the Saudi-Russia oil price war, oil Continue Reading
Fossil Fuels Will Continue To Dominate For Decades To Come
The stone age didn’t end due to a lack of stones, and the oil age will end long before the “world runs out of oil”. This quote, often attributed to Continue Reading
Climate Change Won’t Be Stopped By 593 Pages of Green Tape
The energy transition won’t happen if it’s wrapped up in red tape. Financing an innovative low-carbon economy is one of the defining challenges of our age, as Bill Gates argues Continue Reading
As Oil Demand Rebounds, Nations Will Need to Make Big Changes to Meet Paris Goals, Report Says
Oil demand is expected to grow in the next five years, contrary to the goals in the Paris climate agreement. Global oil demand is expected to grow steadily over the Continue Reading
Biden Administration To Enforce Trump-Era Sanctions On Iran Oil Shipments
A key tenet of the prior Trump administration’s crackdown on China and Iran was to punish those Chinese companies caught transferring sanctioned Iranian oil, which was often done through ‘ghosting’ Continue Reading
Cautious Saudi Aramco expected to maintain conservative course
Having already slashed its capex budget and delayed several projects, Saudi Aramco will release its full-year 2020 results on March 21, with market watchers aiming for greater insight on how Continue Reading
India Throws The Oil Tanker Industry A Lifeline
India’s growing demand for oil and its plans to rely less on crude from its biggest supply region, the Middle East, is set to support demand for oil tankers traveling Continue Reading
Exxon’s Flagship Guyana Project Reaches Full Capacity
The Liza Phase 1 offshore project—Guyana’s first oil-producing project led by ExxonMobil— has reached its full planned production capacity of some 130,000 barrels per day (bpd), Guyana’s President Irfaan Ali Continue Reading
Mexico’s Pemex discovers 1.2 billion boe complex in Tabasco region: CEO
Mexico’s Pemex announced March 18 it has discovered over 1.2 billion boe of oil and natural gas in an onshore complex in the state of Tabasco, near the site where Continue Reading
Heavy-Handed Government Intervention To Hurt Brazil’s Oil Boom
A spat over fuel prices last month saw Brazil’s President Jair Bolsonaro replace the CEO of national oil company Petrobras Roberto Castello Branco, who is popular among investors with former Continue Reading