Industry Trends
News
November 18, 2021
In its November Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that rising production from OPEC+ countries and the United States will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022.
News
November 18, 2021
Some U.S. lawmakers are seizing on the energy price surge to revive long-standing legislation that would subject the OPEC oil cartel to the same antitrust laws used more than century ago to break up Standard Oil’s monopoly.
News
November 17, 2021
Oil tumbled to the lowest in nearly six weeks as investors considered the prospect of a release of crude supplies from strategic reserves.
News
November 17, 2021
The oil market is about to swing into a healthy supply surplus, if the world's big international energy forecasters are to be believed.
News
November 16, 2021
Global oil prices may rise to as high as $120 by the middle of next year as the ability of OPEC+ to meet demand is at risk from under-investments and sanctions, according to a Rosneft PJSC executive.
News
November 16, 2021
OPEC said the global oil market will switch from being under- to over-supplied as early as next month as the economic rebound from the coronavirus pandemic falters.
News
November 16, 2021
The tightness in global oil markets that propelled prices to a seven-year high is starting to ease as production recovers in the U.S. and elsewhere, the International Energy Agency said.
News
November 15, 2021
Royal Dutch Shell Plc announced a major overhaul of its legal and tax structure that will see the company walk away from the Netherlands amid deteriorating relations with what’s been its home country for a century.
News
November 15, 2021
The ADIPEC conference, running from Nov. 15-18, is taking place in the wake of the COP26 climate talks and with energy prices soaring. Benchmark Brent crude has climbed almost 60% to above $80 a barrel, while gas prices in Asia and Europe hit record highs recently.
News
November 12, 2021
Europe is set to get its first cold spell of the winter season, putting the continent’s already scant energy supplies under pressure.
News
November 12, 2021
The indecision had dragged out any real action from the administration as gasoline prices have soared to seven-year highs. It also underscores how the pressure to tamp down inflation has pitted the Biden administration’s own policies on energy, free trade and climate change against each other.
News
November 12, 2021
With the world gripped by high energy costs and soaring inflation, oil options that would profit a buyer from Brent crude hitting $250 a barrel are changing hands.
News
November 11, 2021
Shell Global Solutions and Baker Hughes have signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors.
News
November 09, 2021
The head of Vitol Group, the world’s biggest independent oil trader, said global demand has recovered to 2019 pre-pandemic levels and is poised to go even higher early next year.
News
November 09, 2021
The U.S. government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves.
News
November 09, 2021
The UK won’t join an alliance of countries fixing a date to phase out fossil fuel production, in a move that calls into question the COP26 host nation’s climate leadership.
News
November 08, 2021
Americans should have enough natural gas to keep homes warm and factories running, avoiding the kind of shortages that are crippling Europe and Asia, even if the coming winter gets particularly cold.
News
November 08, 2021
The United Arab Emirates said oil prices would be even higher today if it wasn’t for OPEC+, signaling the group will continue resisting U.S. pressure to pump faster.
News
November 05, 2021
“There are several immediate and reasonable actions your Administration can take to increase natural gas supplies and ease prices – without sacrificing safety or environmental stewardship,” the Senators wrote in a letter to President Joe Biden.
News
November 05, 2021
President Joe Biden acknowledged that OPEC+ countries won’t increase oil output enough to meet U.S. demands and left the door open to a range of options, as the administration weighs whether to tap the Strategic Petroleum Reserve.
News
November 05, 2021
Saudi Arabia’s larger-than-expected rise in oil prices is a signal it will continue resisting U.S. pressure to pump faster, according to Vitol Group.
