Light Crude Up 4.3% for the Week
Oil posted its biggest weekly gain since the middle of April ahead of the U.S. Memorial Day weekend that kicks off the country’s summer driving season. West Texas Intermediate rose Continue Reading
A Historic Week For Big Oil
It was a historic week for the oil industry, potentially marking a turning point, at least for the corporate strategies of the oil majors. More curbs on the supply side Continue Reading
Racing for Hydrogen: How Gas Giants Are Vying to Stay Relevant
The global gas industry is in an existential race: either find a way to be part of the next generation of energy or risk getting supplanted by alternatives. BP Plc Continue Reading
Coal rally continues amid concerns on supply availability to meet demand
Seaborne coal prices have been bullish over the past year, largely rising from pandemic lows last spring as global energy demand resumes and economies strengthen. Receive daily email alerts, subscriber Continue Reading
Is the next ‘peak oil’ going to be its final one too?
Storing for the future or for the now? As economies recover from the pandemic, demand should surge, which will dent all the stored up oil sloshing around. Also in this Continue Reading
Unlike IEA, Rystad Energy sees need for hundreds of new oilfields
Thousands of new oil wells and hundreds of new oilfields will be needed to meet global demand even if it falls sharply towards the middle of the century, Oslo-based consultancy Continue Reading
Moody’s: Credit Risk Is Growing For Big Oil
This week’s climate-related actions in boardrooms and courtrooms involving some of the largest international oil companies signal rising threat to the sector, Moody’s Investor Service said in a comment on Continue Reading
ANALYSIS: Big oil, stung by activist campaigning, not yet out for the count
Key role for oil companies given oil demand growth potential Low-cost OPEC oil seen having long-term advantage Majors’ big project expertise still being called upon Global oil and gas producers, Continue Reading
OPEC+ cheered by economy, but will monitor Iran talks as it meets to discuss oil cuts
Highlights 23-country oil producer bloc set to meet online June 1 OPEC+ delegates say the plan remains to ease quotas Iran sanctions deal, Asia coronavirus hotspots bear watching Oil prices Continue Reading
OPEC+ Talks to Offer Clues on Next Phase of Oil Supply Revival
For oil traders, the biggest question in the market is how fast OPEC and its allies will revive production later this year. Next week they may get some clues. When Continue Reading