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Article Archive | Page 4

Oil Moves Up Despite Rising Product Inventories

Jun 07, 2023 at 09:40

Crude oil prices inched higher today after the Energy Information Administration reported an inventory decline of 500,000 barrels for the week to June 9. This compared with…

Spain On Track To Generate 50% Of Its Power From Renewables In 2023

Jun 07, 2023 at 08:22

Spain is on track to generate more than half of its power from renewable sources this year, the first of the top five European countries by power demand to accomplish…

The Single Most Important Factor For Oil Prices This Year

Jun 07, 2023 at 07:51

China’s economy and oil demand will be the single most important driver of oil prices this year, even if OPEC+ manages to push prices upwards, according to Fatih Birol, the…

EIA Boosts U.S. Oil Production Forecast For 2023

Jun 07, 2023 at 00:53

U.S. crude oil production could gain 720,000 barrels daily this year, up from a previously forecast growth rate of 640,000 bpd, according to the latest edition of the Energy Information…

Traders Aren’t Buying The Oil Deficit Story

Jun 06, 2023 at 14:15

Traders are not buying the oil deficit story. That’s the conclusion that forces itself based on the latest oil and fuel buying and selling developments ahead of the latest OPEC+…

3 Energy Dividend Stocks To Consider This Summer

Jun 06, 2023 at 08:25

It’s a good time to look at energy stocks again, now that oil prices have rallied in Monday's session after Saudi Arabia pledged big production cuts and OPEC+ extended…

China Consolidates Grip On Key Oil Transit Routes

Jun 06, 2023 at 14:32

Following the recent slew of major cooperation agreements (including in energy, security, and logistics) between various permutations of…

Sub-Zero Battery Tech Could Be A Game-Changer For Electric Cars

Jun 06, 2023 at 08:35

Argonne National Lab scientists have developed a fluorine containing electrolyte for lithium-ion batteries whose charging performance remains high in frigid regions and seasons. They also…

The 3 Most Exciting Oil And Gas Exploration Plays In South America

Jun 06, 2023 at 08:20

After Exxon’s string of high-quality oil discoveries in offshore Guyana delivered more than 11 billion barrels of oil resources South America started garnering considerable attention from energy investors. …

Emerging Markets Harness The Power Of Saltwater Batteries

Jun 06, 2023 at 08:34

As emerging markets seek to accelerate their energy transitions by increasing solar and wind power capacity, recent technological advancements that harness the sodium from saltwater could provide a crucial breakthrough…

China And Russia Lock Horns Over Kazakhstan’s Uranium

Jun 06, 2023 at 08:32

Kazakhstan is the largest producer and exporter of uranium globally, mining and exporting more than 40 percent of the world’s supply. Up to now, it has been the major supplier…

India Unveils Battery Storage Subsidy Scheme As Part Of Renewable Push

Jun 06, 2023 at 08:49

India has unveiled an ambitious initiative to provide 37.6 billion rupees ($455.2 million) in subsidies to stimulate the establishment of battery storage projects. The projects, which are expected to…

Decentralized Finance Gains Ground In The GCC

Jun 06, 2023 at 08:27

As GCC countries look to harness new forms of financial technology (fintech) such as blockchain, deepen their financial services and expand financial inclusion, governments are embracing decentralised finance (DeFi) and…

Russian Oil Output Remains High Much To OPEC's Dismay

Jun 06, 2023 at 10:59

Russian crude oil export data in recent weeks have not reflected any cuts and OPEC+ allies are increasingly frustrated with its non-compliance Russia’s crude oil exports by sea continue to…

Dam Destruction Threatens Ukraine’s Largest Nuclear Plant

Jun 06, 2023 at 08:25

Ukraine has accused Russia of blowing up a huge Soviet-era dam on the Dnieper River in a Moscow-occupied area in the south, sending millions of liters of water cascading through…

Shell Pulls The Plug On European Retail Energy Arm

Jun 06, 2023 at 08:20

Shell has recently confirmed its decision to exit the retail energy markets in the UK, Germany, and the Netherlands due to poor returns.  This move comes as part of…

Saudi Arabia’s Unsuccessful Attempt To Boost Oil Prices

Jun 06, 2023 at 06:41

Saudi Arabia's attempt to shock oil markets and push oil prices higher appears to have backfired, with prices falling and Saudi Arabia's market share in Asia now under threat.

Asian Buyers Scramble For Alternative Oil Supplies After Saudi Price Hike

Jun 06, 2023 at 04:19

Several buyers in Asia are looking to buy spot oil cargoes from Russia, Africa, Brazil, or the United States after the world’s top crude exporter, Saudi Arabia, unexpectedly raised its…

Oil Prices Fall Back After A Short-Lived OPEC+ Rally

Jun 06, 2023 at 01:08

This Monday saw what was perhaps one of the shortest oil price rallies following an OPEC+ meeting. The announcement of an additional production cut of around 800,000 bpd by the…

A Unique Way To Play The Coming $700 Billion Electric Vehicle Boom

Jun 05, 2023 at 12:47

The global electric vehicle market is a crowded space valued at nearly $194 billion in 2022 and set to reach an astounding $694 billion by 2030.  Now it’s time…

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