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Energy

What Erdogan's Reelection Means For Sweden's NATO Bid

Jun 02, 2023 at 08:56 | Editorial Dept

Politics, Geopolitics & Conflict It’s official: Erdogan will remain president of Turkey for five more years after the results of a “free and fair” election, at least if you fail…

Oil Markets On Edge Ahead Of OPEC Meeting

Jun 02, 2023 at 08:55 | Editorial Dept

The OPEC+ chatter this week is unbearable. Analysts, traders, and media alike have spent considerable time reading tea leaves to determine what course OPEC+ will take at its…

Jaguar Recalls Thousands Of I-Pace EVs Over Fire Risk

Jun 02, 2023 at 08:40 | ZeroHedge

Jaguar Land Rover (JLR) is recalling 6,400 I-Pace electric SUVs delivered to the US because the high-voltage electric battery may overheat and catch fire.  The documents posted…

Bullish Sentiment Is Building In Oil Markets Ahead Of OPEC Meeting

Jun 02, 2023 at 08:10 | Michael Kern

Oil prices were up on Friday morning after the U.S. debt ceiling was lifted and the risk of U.S. default was removed from markets. All eyes will now turn to…

Trading Crude With A Short Bias

Jun 02, 2023 at 08:10 | Editorial Dept

In the last week of April, I wrote in these pages that even though the chart for crude futures (CL) was flashing a buy signal, fundamental factors had a bearish…

India's Imports Of Russian Oil Hit A Record High

Jun 02, 2023 at 04:49 | Tsvetana Paraskova

India’s oil imports from Russia continue to surge as cheaper Russian crude exports find more and more buyers in the world’s third-largest crude oil importer.  India shattered its previous records…

Oil Prices Jump After Senate Passes Debt Ceiling Bill

Jun 02, 2023 at 01:15 | Irina Slav

After dipping on news of another U.S. inventory build, crude oil prices rebounded after Senate voted to pass a debt ceiling bill that ended fears of a U.S. debt default.…

U.S. Crude Joins Biggest Oil Benchmark

Jun 01, 2023 at 15:04 | Charles Kennedy

Starting today, U.S. oil will be part of the Brent crude basket that underlies the world's most traded benchmark contract. It will be the first non-European grade included in the…

The Future Of Colombia’s National Oil Company Ecopetrol Is At Risk

Jun 01, 2023 at 13:19 | Matthew Smith

Despite a long history of being Latin America’s best-managed national oil company Colombia’s Ecopetrol is swamped by uncertainty. For over a decade, the integrated energy major has been battling to…

WTI Screams Back Up Past $70 Despite Crude Inventory Builds

Jun 01, 2023 at 11:30 | Julianne Geiger

Crude oil prices turned around on Thursday, erasing most of the week’s earlier losses despite the latest EIA report that indicated crude oil inventories rose more than expected. WTI was…

Natural Gas Prices Plunge Further Amid Rise In U.S. Stockpiles

Jun 01, 2023 at 10:56 | Tom Kool

U.S. natural gas stockpiles gained 110 billion cubic feet for the week ended May 26, putting more downward pressure on prices, particularly as storage is now 557 billion cubic feet…

The Grid Needs A $20 Trillion Upgrade To Support Energy Transition

Jun 01, 2023 at 10:42 | Irina Slav

For the energy transition to happen, the world needs massive grid overhauls. This message has been overlooked for years as wind and solar stole the limelight, but now it’s back…

Oil Jumps As EIA Reports Surprise Crude Build

Jun 01, 2023 at 10:12 | Irina Slav

Crude oil prices moved higher moments before the Energy Information Administration reported an inventory build of 4.5 million barrels for the week to May 26. At 459.7 million…

Iraq’s Crude Oil Exports Stay Flat As Kurdistan Saga Continues

Jun 01, 2023 at 09:40 | Charles Kennedy

Iraq, OPEC’s second-largest oil producer, exported on average 3.3 million barrels per day (bpd) of oil in May, flat compared to April, according to the Iraqi oil ministry. Iraq’s revenues…

Oil Prices Move Higher As U.S. House Passes Debt Ceiling Bill

Jun 01, 2023 at 01:17 | Irina Slav

The debt ceiling bill proposed after talks between President Biden and House Speaker Kevin McCarthy cleared the first hurdle, with the House of Representatives giving it broad bipartisan support. With…

Tesla Of The Sea? How EV Tech Is Revolutionizing Boating

May 31, 2023 at 16:52 | James Stafford

The electric vehicle boom isn’t just about passenger cars and trucks, it’s also about the millions of speedboats and other recreational boats whose pollution has, at times, caused more damage…

Norway's Wealth Fund  Sides With Activists Against Exxon, Chevron

May 31, 2023 at 16:00 | Alex Kimani

Climate activists have scored yet another victory against Big Oil after Norway’s giant sovereign wealth fund announced it will support proposals by ExxonMobil…

Argentina's Vaca Muerta Shale Play Could Produce 1 Million Bpd In 2030

May 31, 2023 at 11:58 | Rystad Energy

Crude oil production from Argentina’s burgeoning shale patch, Vaca Muerta, could surge in the coming years and top 1 million barrels per day (bpd) by the end of the decade…

UK Activist To Battle UK Government In Court Over Newly Approved Coal Mine

May 31, 2023 at 11:32 | City A.M

Climate activists are set for a courtroom showdown with the government over a newly-approved coal mine in West Cumbria after a date was set by the High Court for two…

Rosneft Q1 Profit Soars As Russian Oil Output Cuts Remain Invisible

May 31, 2023 at 10:35 | Charles Kennedy

Russian state-run oil giant Rosneft saw its first-quarter 2023 net profit rise by over 45% to around $4 billion, beating analyst expectations as production increases despite Moscow’s 500,000…

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