Category: Energy

July 16, 2021

Crude oil prices saw heavy selling pressure this week, with the WTI contact on pace for the biggest five-day drop since mid-March. Worries about slowing global growth and the follow-on headwinds for energy prices linked to the spread of the […]

July 8, 2021

The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks, but recent price action warns of a larger correction in crude as it extends the series of lower highs and […]

July 6, 2021

The latest OPEC+ meeting was called off Monday after the UAE and Saudi Arabia failed to agree on the end date for current production cuts. While the UAE accepted the proposed raising of output by 2 million barrels a day, […]

June 30, 2021

Planning your Fourth of July weekend plans? You’re not alone, AAA reports nearly 44 million Americans plan to take a road trip this holiday weekend. With the influx of drivers comes an increase in gas prices. The national average fuel […]

June 10, 2021

The sponsor of the Keystone XL crude oil pipeline pulled the plug on the contentious project Wednesday after Canadian officials failed to persuade President Joe Biden to reverse his cancellation of its permit on the day he took office. Calgary-based […]

June 2, 2021

Interior Secretary Deb Haaland issued the order – which comes after a temporary moratorium on oil and gas lease activities imposed by President Joe Biden on his first day of office. Mr Biden has been against drilling in the region […]

June 1, 2021

A group of some of the world’s most powerful oil producers agreed on Tuesday to continue gradually easing production cuts amid a rebound in oil prices. OPEC and its oil-producing allies, known as OPEC+, will boost output in July, in […]

May 26, 2021

Three of the world’s largest oil companies faced a reckoning over climate change Wednesday as shareholder revolts and a landmark court ruling added new pressure to slash emissions. Royal Dutch Shell suffered the first blow, as a civil court in […]

May 24, 2021

The Biden administration’s solar power ambitions are colliding with complaints the global industry depends on Chinese raw materials that might be produced by forced labor. A big hurdle is polysilicon, used to make photovoltaic cells for solar panels. The global […]

May 18, 2021

Royal Dutch Shell shareholders on Tuesday overwhelmingly voted in favor of the oil giant’s energy transition plans at its annual general meeting, though a growing minority defied recommendations and insisted the company do much more to tackle the climate emergency. […]