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Article Archive | Page 2

Oil Is Not Out of the Woods Yet

Sep 18, 2024 at 11:06

Oil prices started the week with a gain after slumping to the lowest in nearly three years, with analysts of a mostly unanimous opinion that bearish factors are stronger than…

China’s Gasoline Exports Plunge 44% on Loss-Making Margins

Sep 18, 2024 at 09:46

Chinese gasoline exports slumped by 44% in August from a year earlier as export margins turned negative and refiners started using up their government-mandated export quotas. China exported 770,000 tons…

Oil Moves Higher on Surprise Crude Draw

Sep 18, 2024 at 09:36

Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an estimated inventory draw of 1.6 million barrels for the week to September 13. This

Goldman Sachs: Iron Ore Prices to Fall to $85

Sep 18, 2024 at 07:40

The short-cover rally Goldman analysts forecasted early last week in Chinese iron ore prices has completely reversed. After all, analysts from the bank…

Asian Markets Are Backbone of Success for Canada’s New Oil Pipeline

Sep 17, 2024 at 18:34

Fresh data coming in has revealed that Canada's newly expanded Trans Mountain pipeline (aka TMX) is indeed delivering on its promise to diversify the country’s crude oil markets.…

New Production To Help Gulf of Mexico Oil Output Avoid Dip

Sep 17, 2024 at 15:29

Production from new oil fields in the Gulf of Mexico will help the region avoid a decline in output due to natural depletion this year and next. The news comes…

Green Ammonia Could Become Top Side Bet for Oil Majors

Sep 17, 2024 at 14:49

The world’s biggest oil and gas firms are pouring billions of U.S. dollars into projects to produce low-carbon ammonia, a chemical critical for fertilizers that also has the potential to…

Arkansas Lithium Deposits Spark Investment Surge

Sep 17, 2024 at 08:41

The United States is vying to become competitive in global lithium production as demand picks up for the “critical mineral”. Although a commonplace…

Which Industries Perform Best and Worst After Interest Rate Cuts?

Sep 17, 2024 at 08:36

Fed chair Jerome Powell has signaled that interest rate cuts are on the horizon, amid a cooling labor market marked by fewer job additions and rising unemployment.

Turkmenistan's High Gas Prices Hinder Export Deals

Sep 17, 2024 at 08:33

It’s been just over a year since Turkmenistan, a country boasting the world’s fourth or fifth biggest largest natural gas reserves, ended decades of indecision and finally

Ofgem Cracks Down on Energy Suppliers

Sep 17, 2024 at 08:31

The UK’s fourth-largest energy supplier, OVO, has agreed to a £2.37m settlement following a regulatory investigation by Ofgem. The

Can Spain Achieve its 11 GW Hydrogen Target by 2030?

Sep 17, 2024 at 08:28

Spain is an established green energy leader in Europe, with its significant wind and solar generation capacity giving renewable power generation over a 50% share of the nation’s…

Burning Oil Tanker in Red Sea "Successfully Towed To Safe Area"

Sep 17, 2024 at 10:58

The European Union's Operation Aspides naval force began an urgent salvage operation to tow the burning oil tanker Sounion in the southern Red Sea to safety, with hopes of…

The Latest Oil Price Crash Appears to Have Come to an End

Sep 17, 2024 at 08:42

Oil prices have fallen dramatically in recent weeks, but supply disruptions and optimism around a potential U.S. interest rate cut appear to have halted that downward momentum.

Hedge Funds Have Never Been This Pessimistic About the Oil Market

Sep 17, 2024 at 08:23

Hedge funds and other asset managers have never been more pessimistic about the outlook for petroleum prices, as signs multiply that the major industrial economies are…

OPEC Claims Taxation Is a Severely Underrated Driver of Gasoline Prices

Sep 17, 2024 at 07:29

Taxation in various major oil-consuming countries is a significantly more important factor in determining prices at the pump than generally thought, OPEC Secretary General Haitham Al Ghais wrote in an…

Study: Personal Carbon Footprint Of The Rich Is Vastly Underestimated

Sep 16, 2024 at 13:34

By Sarah Collins of CAM, The personal carbon footprint of the richest people in society is grossly underestimated, both by the rich themselves and by those on middle and lower…

LNG Industry Faces Uncertain Future

Sep 16, 2024 at 10:18

Liquefied natural gas has become a major growth driver for the energy industry. Burning much more cleanly than either coal or oil, gas has earned a place in…

Nuclear Power Surpasses Fossil Fuels in South Korea's Energy Mix

Sep 16, 2024 at 10:14

This year, nuclear power has generated more electricity in South Korea than either coal or natural gas for the first time ever, achieving a milestone in one of…

Aramco’s New Deals With China Signal A Further Deepening Of Sino-Saudi Relations

Sep 16, 2024 at 09:13

A little under a year before the Russian invasion of February 2022, Saudi Aramco’s chief executive officer, Amin Nasser, had spent several days at the annual China Development Forum hosted…

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