The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. (Bloomberg) Continue Reading
Refiner Phillips 66 is betting on EV batteries for the future because it thinks we have already reached peak oil demand. The company has announced a strategic investment in an Australian lithium-ion Continue Reading
Shale drillers — some of them just emerging from bankruptcy — racked up a staggering $42 billion in new debt in the first half of the year. It’s not what Continue Reading
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and Continue Reading
Forecast Highlights Global liquid fuels The August Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. economic activity Continue Reading
For Russia, there are two types of fires raging across Siberia: the kind the authorities are fighting and the others they are allowing to burn. That’s because Siberia is so Continue Reading
After launching the development of its 600 kW hydrogen fuel cell powertrain for use in 19-seat aircraft late last year (earlier post), ZeroAvia has achieved its first major milestone for the Continue Reading
Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over Continue Reading
Oil falls to three week low as Delta variant of Covid-19 continues to mount pressure on demand outlook. Oil slid to a three-week low with new waves of Covid-19 exacerbating Continue Reading
Oil prices crashed by 4% early on Monday to the lowest level since May, after the world’s top crude importer, China, imposed more travel restrictions to fight what it sees Continue Reading
