Commodities
Want an 11% Yield? Give Oil a Try
Time will tell which one is out of sync. Is it a forward oil curve that yields 11% on an annualized basis for investors, or is it a headline price of West Texas Intermediate crude […]
US Energy News
EIA News
U.S. consumers likely to pay more for propane heating during the upcoming winter
Source: U.S. Energy Information Administration, Short-Term Energy Outlook: Winter Fuels Outlook In our Winter Fuels Outlook, to be released later today, we forecast that U.S. households will spend more money on energy this winter than last winter, especially […]
Exploration and Production
EXCLUSIVE U.S. slows down oil and gas mergers-sources
U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle […]
Finance
Energy Crisis 2021: How Bad Is It, And How Long Will It Last? – Got any solutions?
Crude oil is up 65% this year to $83 per barrel. Gasoline, above $3 per gallon in most of the country, is more costly than any time since 2014, with inventories at the lowest level […]
CCUS
EIA projects that energy-related carbon dioxide emissions will rise over the next 30 years
Source: U.S. Energy Information Administration, International Energy Outlook 2021 In our International Energy Outlook 2021, we project that global energy-related carbon dioxide (CO2) emissions will increase for countries both inside and outside of the Organization for Economic Cooperation […]
EIA News
EIA projects non-OECD Asia to become the largest importers of natural gas by 2050
Source: U.S. Energy Information Administration, International Energy Outlook 2021 In our International Energy Outlook 2021 (IEO2021), we project that non-OECD countries in Asia will collectively become the largest importers of natural gas by 2050. In 2020, the countries of […]
Exploration and Production
Chevron CEO doesn’t expect pull back in oil prices
Michael Wirth, chairman and CEO of Chevron (NYSE:CVX), said Monday that he sees “a fair amount of support” for current oil prices, which have spiked above $80 a barrel in recent weeks. Speaking to CNBC, Wirth […]
Crude Oil News
How Much Oil Can OPEC Realistically Add?
Two weeks ago, in a short and terse affair that did nothing to address the spill-over from overheating gas markets, OPEC+ confirmed that it would stick to its July agreement to boost output by 400,000 […]
Crude Oil News
Permian Oil Output Is Nearing Record Pre-Pandemic Levels
Oil output in America’s most prolific shale patch is getting closer to levels seen before the pandemic-driven market crash, as crude prices surge. While total production in the U.S. is still lagging, the Permian Basin […]
Crude Oil News
When the chips are down, double down by increasing the migration to renewable says the IEA
The IEA director just announced that energy prices are likely to keep going up unless we have greater investments in renewables. Posted today on Oilprice.com today. He said, “There is a looming risk of more […]