Industry Trends
News
January 14, 2022
The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even more because of tight supplies.
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January 14, 2022
BP Plc told employees at its largest U.S. office to work from home until next month due to rising omicron cases in Texas.
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January 13, 2022
Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.
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January 12, 2022
Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated, the International Energy Agency said.
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January 12, 2022
U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output.
News
January 10, 2022
The U.S. is backing natural gas and low-carbon power sources as it seeks to improve the eastern Mediterranean’s energy ties to Europe and promote stability in the region.
News
January 10, 2022
Employment in the U.S. oilfield services and equipment sector rose by an estimated 7,450 jobs in December, despite the slow hiring in overall U.S. jobs, according to preliminary data from the Bureau of Labor Statistics and analysis by the Energy Workforce & Technology Council.
News
January 06, 2022
A rally in oil prices lifted U.S. energy stocks to the highest since the pandemic emerged more than two years ago.
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January 05, 2022
Oil climbed amid skepticism about whether OPEC and its allies can successfully raise output as much as they intend.
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January 05, 2022
Bosses for some of the biggest oil explorers in the Permian Basin say their industry could be hurt if crude climbs above $100 a barrel.
News
January 04, 2022
Electricity prices in New England jumped on Tuesday as a frigid start to the day spurred demand when the cost of natural gas used to fuel power plants soared.
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January 04, 2022
The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe.
News
January 04, 2022
OPEC and its allies agreed to revive more halted production as the outlook for global oil markets improved, with demand largely withstanding the new coronavirus variant.
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January 04, 2022
China slashed its fuel export quota by more than half in the first batch of allocations for 2022, highlighting the nation’s strategy of progressively limiting overseas sales.
News
January 03, 2022
Oil posted its biggest annual advance since 2009 as vaccination rollouts accelerated the reopening of economies, spurring global consumption while crude production returned at a more moderate pace.
News
January 03, 2022
OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand.
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December 28, 2021
Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.
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December 27, 2021
Oil rose in tandem with equity markets as investors weighed the rapid spread of omicron against signs it may be milder than previous variants.
News
December 22, 2021
As companies target net zero emissions by 2050, industrial decarbonization gathers momentum to embrace novel technologies, smart policies, robust investments, and new business models. To drive such initiatives, talent hiring is on the rise across industries.
News
December 21, 2021
Equinor, Shell, TotalEnergies, Gassco and classification society DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships.
News
December 17, 2021
Everyone may be back to watching the daily number of coronavirus cases as the omicron variant spreads through Europe, but the energy market is focusing on a more traditional gauge of worry: the temperature.
