Category: Energy

October 27, 2021

Crude oil is holding the high ground for now after an industry report showed US stockpiles dwindling. S&P 500 made another record high in the US session, but equities were softer in Asia today. Increasing US/China geopolitical tensions and rising […]

October 22, 2021

Top oilfield firm Schlumberger NV (NYSE:SLB) reported a rise in third-quarter adjusted income on Friday, buoyed by higher demand for its services and equipment, as producers capitalize on a rebound in crude prices. Global oil prices have climbed nearly 64% […]

October 19, 2021

Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertilizer, made using natural gas. And fears are rising […]

October 18, 2021

Oil prices hit multi-year highs on Monday, buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 52 cents, or 0.6%, […]

October 12, 2021

A group studying the economics of offshore wind energy in the U.S. says building and operating the nascent industry will be worth $109 billion to businesses in its supply chain over the next 10 years. The report by the Special […]

October 11, 2021

Oil prices rose more than $2 on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $2.17, or 2.6%, at $84.56 a barrel […]

October 7, 2021

Shell’s financial forecast is looking a little cloudy. Royal Dutch Shell on Thursday said its earnings will take a hit of between $350 million and $500 million due to disruptions caused by Hurricane Ida when it struck the Gulf of […]

October 4, 2021

Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil […]

September 30, 2021

Oil had its best month in three for September, gaining almost 10%, with even producers in OPEC+ presumably emboldened enough to consider a higher output in coming months than they initially planned. New York-traded West Texas Intermediate, the benchmark for […]

September 28, 2021

While acknowledging the inevitable advance of alternative energy sources and technology, OPEC said that oil will be dominate energy source for decades to come as crude prices reached three-year highs Tuesday. In its annual World Oil Outlook, OPEC acknowledged that […]