Saudi Oil Challenged in Asia by Delta and Cheap Alternatives
Saudi Arabia’s move to push up the cost of its oil in Asia may backfire as an outbreak of the delta virus
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Category: Energy
Exxon’s Falling Production Is Highly Bullish For Oil Prices
Last week, ExxonMobil (NYSE:XOM) reported Q 2 2021 earnings in one of Big Oil’s most anticipated scorecards this earnings season. The United States’ largest oil and
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US oil, gas drilling rig count up four at 603 on stronger Permian activity
HighlightsPermian rigs climb five to 258 Operators eye growth in basin Gas rigs just 5% below pre-pandemic levels The US
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Europe Faces an Energy Shock After Gas and Power Prices Rocket
After lockdowns forced Basel Hamzeh to close his cafe in a trendy Berlin neighborhood for months, the 53-year-old is confronting
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Eni agrees to buy Be Power to boost electric car charging services
Italy’s Eni said on Thursday it had agreed to buy digital green utility Be Power in a bid to grow its electric
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Delta outbreak unlikely to derail oil rally this year, UBS says
– Investment bank UBS expects oil prices to resume their upward trend despite concerns over a surge in infections of the coronavirus Delta variant
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U.S. petroleum consumption decreased to a 25-year low in 2020
In 2020, 18.1 million barrels per day (b/d) of petroleum products were consumed in the United States, a 25-year low.
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U.S. energy intensity has dropped by half since 1983, varying greatly by state
Energy intensity�calculated as total energy consumption divided by real gross domestic product (GDP)�is a common energy indicator and efficiency measure.
Continue readingU.S. energy intensity has dropped by half since 1983, varying greatly by state
Iran-backed forces seize tanker, maritime sources say; Shockingly Iran denies it
(Reuters) -Iranian-backed forces are believed to have seized an oil tanker in the Gulf off the coast of the United
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Subsea 7 Announces Floating Wind Acquisition
Subsea 7 today announced that it has entered into an agreement to acquire a majority interest in the equity of
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