Category: Energy

April 20, 2021

Demand and supply pressures will offset each other in the oil market, and it’s reasonable to expect prices to remain in its current range in one year’s time as countries recover from the coronavirus crisis, said oil expert Dan Yergin. […]

April 15, 2021

The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, a consultancy said on Thursday. Energy research and consultancy Wood Mackenzie […]

April 13, 2021

Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday. The consumer price index […]

April 1, 2021

A group consisting of some of the world’s most powerful oil producers on Thursday will meet to decide on the next phase of output policy. OPEC and non-OPEC partners, a group sometimes referred to as OPEC+, convened for talks via […]

March 25, 2021

The oil and gas industry’s largest trade group Thursday endorsed a price on planet-warming carbon emissions, marking a major shift after it long resisted regulatory action on climate change. The American Petroleum Institute’s move comes as President Joe Biden prepares […]

March 24, 2021

Oil rose by as much as 3% on Wednesday after a huge container ship ran aground and blocked the Suez Canal, a key shipping route for crude and refined products, which raised some concern about fuel supply. Overall, the price […]

March 17, 2021

NRG Energy led the S&P 500 lower on Wednesday, falling as much as 17% after the utility company said last month’s Texas snowstorm wreaked havoc on its financials. NRG said it expects to record a $750 million loss related to […]

March 9, 2021

BILLINGS, Mont. — The Biden administration said Tuesday that it will deliver an interim report on its suspension of oil and gas sales from federal lands and waters by summer, but officials declined to state how long the moratorium could […]

March 8, 2021

Oil prices remained elevated Monday as Saudi Arabian oil facilities were targeted by drone strikes just days after the largest crude exporting nations in the world said they would not increase output. Brent crude, the international standard, surpassed $70 per […]

March 1, 2021

Exxon Mobil announced two board seat changes Monday, including activist investor and ESG proponent Jeff Ubben, in a sign that the company is confronting its uncertain future as the world moves toward cleaner energy and as investors shy away from […]