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Iraq workers walk on pipelines of an oil refinery - EnergyNewsBeat
ENB Pub Note

The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel – Without Accountability ESG means nothing

June 9, 2021 Stu Turley

Energy News Beat Publishers Note (ENB): This information from Bloomberg is very telling. Just because the supermajors are being pushed aside, their replacements will not be any more accountable. The state-owned oil companies have even […]

Rosneft - EnergyNewsBeat
Crude Oil News

Russia’s Rosneft projects global oil shortages during “hasty” energy transition – He is right on the money

June 6, 2021 Stu Turley

Energy News Beat Publishers Note (ENB): Rosneft is dead-on right! The inability of the world to have a realistic conversation of the importance of a “Balanced Diet of Power” is disappointing at best. ENB has […]

Natural Gas
Fossil

Natural Gas Is Now A Punching Bag But Can It Withstand The Pummeling?

May 23, 2021 Stu Turley

Getting to net-zero CO2 emissions by 2050 is doable but difficult. For the global energy sector to hit that goal, governments must stop subsidizing oil and natural gas production and inhibit the building of coal plants. That’s […]

Crude oil and Money -EnergyNewsBeat.com
Finance

Banks Always Backed Fossil Fuel Over Green Projects—Until This Year

May 20, 2021 Stu Turley

n more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according […]

Commodities

Oil Markets Will Face A Supply Crisis Before Demand Peaks

May 17, 2021 Andy Del Prado

The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks, and a shift towards renewable energy, experts warned that nearly $900 billion worth of reserves–or […]

BP - Energy News Beat
CO2 & GHG

BP’s lobbying for gas shows rifts over path to net-zero emissions

May 17, 2021 Stu Turley

Oil major BP has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute about the role of the fossil fuel in the […]

Finance

Record Metals Prices Catapult Mining Profits Beyond Big Oil

May 2, 2021 Stu Turley

Major oil producers, for decades the natural resource industry’s top earners, are being eclipsed by once-smaller mining peers who are churning out record profits thanks to red-hot metals markets. The mining windfall is the latest […]

Earnings

Total Profit Surges to Pre-Pandemic Levels on Oil Recovery

April 29, 2021 Stu Turley

Big Oil has enjoyed more favorable conditions this year thanks to rising crude prices and recovering fuel demand, but Total is in a better position than many of its peers. While BP Plc and Royal Dutch Shell Plc are […]

BP chief executive Bernard Looney- Energy News Beat
Earnings

BP rebounds into Q1 profit on oil price recovery

April 27, 2021 Stu Turley

British oil giant BP said Tuesday that it rebounded into first-quarter net profit as oil prices recovered from a virus-driven slump. Earnings after taxation hit $4.7 billion (3.9 billion euros) in the three months to the end of March, […]

Crude oil and Money -EnergyNewsBeat.com
Crude Oil News

Big Oil Sees Cash Rolling In

April 26, 2021 Andy Del Prado

(Bloomberg) — After one of the most difficult years in the oil industry’s history, crude prices have recovered and major producers are finally generating spare cash. Investors really want to get their hands on it, […]

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