Gas Prices Are Exploding But North Sea Drillers Struggle To Profit
Natural gas producers in the North Sea are in a rush to increase production as a supply squeeze lifted gas prices in the UK and Europe to record highs. But Continue Reading
Oil Fluctuates With U.S. Outages Weighed Against Demand Concern
Oil swung between gains and losses with continued supply disruption in the U.S. weighed against an uncertain demand outlook in some regions. Futures lost 0.2% in New York, erasing earlier Continue Reading
Oil steady as Delta variant weighs on demand recovery
Oil prices remained steady on Thursday as the Delta variant of the coronavirus continues to weigh on the demand outlook, offsetting a decline in U.S. Gulf of Mexico output because Continue Reading
Oil prices to continue to fall as pandemic worries slow global oil demand growth: EIA
EIA cuts WTI price forecast 24 cents/b for 2021 Trims 2021 global oil demand estimate by 250,000 b/d US gasoline prices remain high but seen falling in Q4 With no Continue Reading
U.S. Natural Gas Prices Jump 8% On Tight Supply
After settling 3% lower on Tuesday, U.S. natural gas prices surged by 8% early on Wednesday to new multi-year highs amid tighter supply and low storage levels in view of Continue Reading
Uranium Surges to Six-Year High as Fund Buys Up Physical Supply
Uranium, the commodity used to fuel nuclear power plants, has surged to the highest level since 2015 due in part to a single fund aggressively cornering the physical market. Investment Continue Reading
World’s Top Oil Guzzlers Surpass Pre-Pandemic Consumption
Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity. Oil demand Continue Reading
Oil prices could hit $200/b without new investments in upstream sector: Omani minister
Highlights Minister’s remarks come in response to IEA’s net-zero scenario IEA’s call to end oil and gas investments ‘extremely dangerous’ Oil and gas demand will last decades, UAE minister says Continue Reading
May Non-OPEC Oil Production Up slightly
A guest post by Ovi Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics Continue Reading
World’s Largest Carbon-Sucking Plant Starts Making Tiny Dent in Emissions
The world’s largest direct-air capture facility, Orca, right, at the Hellisheidi geothermal power site, in Iceland. Startups Climeworks and Carbfix are working together to store carbon dioxide removed from the Continue Reading