It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […]
Volkswagen has canceled three-decade-old job security agreements, setting the stage for potential layoffs. The move is part of Volkswagen’s efforts to reduce costs amidst a struggling German economy and a challenging transition to electric vehicles. […]
Crude oil prices went down today after the Energy Information Administration reported an estimated inventory build of 800,000 barrels for the week to September 6. This compared with a draw of 6.9 million barrels for the previous week, which […]
Harris’s energy stance uses vague, euphemistic language, revealing she hasn’t really changed her views, energy experts claim. The Harris campaign unveiled an explanation of her positions on energy issues on Monday, and the euphemistic language […]
Swiss-based offshore drilling giant Transocean has won a 365-day contract for one of its ultra-deepwater drillships. The contract was awarded by energy major BP to the 2022-built Deepwater Atlas which will work in the US […]
Summer was pretty quiet, thankfully, but time for a jolt to get reengaged. There’s no better way than getting yelled at, so today let’s talk about a surefire recipe – Electric Vehicles. Those that love […]
Natural gas pipeline capacity in the Permian Basin is gearing up for significant gains with the upcoming launch of the Matterhorn Express Pipeline. The 2.5 billion cubic feet per day (Bcf/d) pipeline, expected to begin […]
Russia’s Rosatom is promoting small, low-power nuclear reactors as a solution to Central Asia’s energy crisis. Central Asian countries are considering nuclear power but have concerns about safety due to the region’s seismic activity. Rosatom’s […]
Hedge funds and other money managers have reduced their bullish bets on oil to the lowest level since 2011. The decline in bullish sentiment is driven by rising global oil supply, weaker-than-expected demand, and concerns […]
For the second consecutive month, OPEC slightly cut its forecast for 2024 global crude oil demand in its September Oil Market Report published Tuesday. The cartel had held firm to its initial 2024 forecast, first published in […]
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