A record short position in oil and energy stocks has led to a historic short squeeze, driving prices sharply higher. Goldman Sachs predicts that Brent crude could reach $90 or higher if the conflict between […]
(Bloomberg) — Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. The deal relates to Chevron’s 20% interest in the Athabasca […]
Tensions in the Middle East have been going on for a year now, and oil supply has not been disturbed. This week, geopolitical risk jumped significantly as Israel is said to be planning strikes on […]
bp has decided to drop its goal of reducing oil and gas production by 2030 as part of a new strategy under Chief Executive Officer Murray Auchincloss. This change marks a significant shift from the […]
Daily Standup Top Stories What will happen to oil prices if Israel attacks Iran oil installations? October 6, 2024 Stu Turley If Israel were to attack Iran’s oil installations, the immediate impact on oil prices would […]
If Israel were to attack Iran’s oil installations, the immediate impact on oil prices would likely be a significant increase, driven by concerns over supply disruptions in a region crucial for global oil production. Here’s […]
Whereas the latest oil price rally comes as a boon for long-suffering oil bulls, countries that rely heavily on Middle Eastern energy imports are by no means celebrating. In August, the Middle East accounted for […]
Weekly Daily Standup Top Stories Electric Vehicle Sales Are Stumbling. Here’s Why September 29, 2024 Stu Turley With road transportation accounting for about 15% of greenhouse gas emissions, it’s hard to see how the world will reach its […]
The South Asian country is looking for long-term energy supply deals with Moscow to support its rapid economic growth India’s oil imports from Russia rose in September as overall demand for hydrocarbons increased ahead […]
Israel’s vowed reprisals on Iran, and likely escalation afterward, have jolted complacent energy markets. All eyes are on the scale and scope of Israel’s promised response to Iran’s large-scale missile barrage on Tuesday. Few eyes […]
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