Economics/Statistics
News
October 06, 2021
Oil declined by the most in two weeks in the wake of growing U.S. inventories and after Russia signaled it is ready to help ease a global energy crisis.
News
October 06, 2021
The U.S. Energy Information Administration projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050.
News
October 06, 2021
Dutch and UK gas futures continue to hit fresh records along with rising power prices. Rocketing energy costs are stoking inflationary pressures and fueling concern that economic growth will slow, prompting a slump in European stocks.
News
October 06, 2021
Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases.
News
October 05, 2021
Oil rose to a new seven-year high after OPEC+ chose to keep supplies fairly tight even as the world grapples with an energy crunch.
News
October 05, 2021
European natural gas and power soared to fresh records amid worsening fears over supply.
News
October 05, 2021
The world is living through the first major energy crisis of the clean-power transition. It won’t be the last.
News
October 04, 2021
OPEC+ agreed to maintain its schedule of gradual monthly oil-production increases, sending crude prices sharply higher.
News
October 04, 2021
UK oilfield service provider Petrofac Ltd. must pay a $95 million penalty by a London judge for failing to prevent bribery between 2011 and 2017.
News
October 04, 2021
European banks are beginning to drop clients that pose a climate risk rather than face the possibility of higher capital requirements, according to the watchdog overseeing the development.
News
October 01, 2021
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group.
Article
October 2021
As Congress attempts to navigate multiple legislative priorities in a significantly partisan atmosphere, it’s important to remember there are areas where broad agreement can be found.
News
October 01, 2021
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America.
News
September 30, 2021
Nigeria shouldn’t leave its gas in the ground and run the risk of ending up with an energy transition that unfairly deprives its citizens of energy, as well as opportunity.
News
September 30, 2021
The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf and continues to rebalance INEOS’ oil and gas portfolio.
News
September 30, 2021
China’s central government officials ordered the country’s top state-owned energy companies -- from coal to electricity and oil -- to secure supplies for this winter at all costs, according to people familiar with the matter.
News
September 30, 2021
Oil closed the month almost 10% higher after a tumultuous session where China was said to order its top energy companies to secure supplies at all costs, prompting the White House to reiterate its concern over rising prices.
News
September 29, 2021
America’s oil producers are boosting output at a slower place as record costs hammer the shale patch, according to a survey of industry executives.
Article
September 2021
Despite analysts’ dire predictions about Covid-19’s short-term/long-term effects on the industry, demand and oil prices recovered significantly in second-and-third-quarter 2021. Even with consistently higher oil prices, U.S. operators showed uncharacteristic restraint, focusing on debt reduction and shrinking the DUC backlog rather than new drilling.
News
September 28, 2021
OPEC sees oil demand continuing to grow to the middle of next decade, even as world leaders prepare for another attempt to avert catastrophic climate change.
News
September 28, 2021
European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts.
