Search
Finance Source: Feedproxy.google.com

Draws In Product Inventories Offset Rising Crude Stocks

The American Petroleum Institute (API) on Tuesday reported its fourth straight week of crude oil inventory builds. The week, according to the API, the build was 3.294 million barrels-strong. U.S. crude inventories are still 63 million barrels below where they were at the beginning of the year. Analyst expectations for the week were for... go to Article >

Halliburton: Global Oil Scarcity Is On The Horizon

0 Days ago Finance Source: Oilprice.com

The lack of investments into the oil industry is steering the world toward scarcity, one of the world’s largest oilfield service providers warned on Monday. A global oil scarcity is on the horizon, the U.S. oilfield service provider said, after... read more

The Lithium Extraction Tech That Could Take Tesla To $2 Trillion

0 Days ago Finance Source: Oilprice.com

In Austin, Texas, Elon Musk is building his Tesla Cybertruck plant… And is developing a new technology to supply their huge lithium requirements. Even Samsung is moving production from overseas to Texas Why? American lithium is expected to be in... read more

China Could Cause The Next Massive Crash In Oil Prices

0 Days ago Finance Source: Oilprice.com

Given the extreme disconnect between China’s huge economy-driven oil and gas needs and its minimal level of domestic oil and gas reserves, the country’s influence over oil prices has long been profound. As a result of this imbalance, China almost... read more

Why Helium Could Be The Hottest Commodity Play Of 2022

0 Days ago Finance Source: Oilprice.com

Helium is already 100x more expensive than natural gas—even with skyrocketing oil and gas prices. And the helium land rush is on in full force. It’s made easier by the fact that the bulk of helium comes from natural gas fields, and what investors... read more

Natural Gas Markets To See Very Volatile 2022

0 Days ago Finance Source: Oilprice.com

Global natural gas prices are set for another year of volatility, following 18 months of swings from record lows to record highs. As natural gas demand started to rebound this summer amid depleted stocks in Asia and Europe following a long and... read more

Banks Continue To Fund Fossil Fuels Despite Climate Pledges

0 Days ago Finance Source: Oilprice.com

Despite investor and societal pressure, banks worldwide continue to lend money and underwrite bonds issued by oil, gas, and coal companies, with bond deals in fossil fuels arranged by banks at nearly $250 billion in 2021, Bloomberg data showed on... read more

Is TotalEnergies The Perfect Energy Transition Play?

0 Days ago Finance Source: Oilprice.com

Back in June, France's biggest energy company, Total SE, finalized a name change to TotalEnergies SE (NYSE:TTE), signaling a new phase in the company's plan to transition to net zero. Total proposed the name change during its full-year 2020... read more

$3 Trillion In Latin American Oil Assets Are At Serious Risk

0 Days ago Finance Source: Oilprice.com

Early this year, the World Bank named Iraq, Libya, Venezuela, Equatorial Guinea, Nigeria, Iran, Guyana, Algeria, Azerbaijan, and Kazakhstan as the most vulnerable oil-producing nations due to their high exposure to the oil and gas sector and... read more

Energy Efficiency Needs To Speed Up To Meet Climate Goals

0 Days ago Finance Source: Oilprice.com

Energy efficiency and ways to reduce emissions from buildings may be the cheapest way to lower carbon footprints and help reach climate goals, but the current pace of investments in energy efficiency is insufficient for a net-zero pathway. Now... read more

California Is Addicted To Oil From The Amazon

0 Days ago Finance Source: Oilprice.com

California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar.  It is also importing more... read more

BP Wants To Include WTI Midland Crude To Dated Brent Benchmark

0 Days ago Finance Source: Oilprice.com

UK-based supermajor BP favors the addition of WTI Midland, a light sweet crude grade from the United States, to the Dated Brent benchmark, the underlying benchmark of the Brent Crude futures contract, Reuters reported on Monday, quoting a document... read more