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CATEGORY

Energy

OPEC+ Cuts Offset By Booming U.S. Oil Production

Despite the fact that U.S. oil producers are now deploying the lowest number of drilling rigs in more than a year and a half,...

Occidental Won’t Increase Oil Output Despite Soaring Crude

Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel...

Oil Prices Climb Amid Tight Supply

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining...

How Green Transition Push is Driving Oil Prices Higher

An advisor to President Biden is the latest to call on the U.K. and Europe to follow in the footsteps of the U.S. and...

Michael Bloomberg Pledges Additional $500M To Shut Down U.S Coal Power Plants

Michael Bloomberg has pledged more $500 million to finish the job on coal and shut down all remaining coal-fired power plants in the United States...

Nigeria Secures $13 Billion Investment Pledges From Oil Majors

Nigeria has secured a total of $13 billion in investment commitments in its oil and gas sector from major international energy companies, including ExxonMobil,...

Goldman Sachs Predicts Oil Price To Rise Above $100 

Goldman Sachs raised its oil price target to $100 again. The bank cited lower OPEC output combined with higher demand, which taken together, "more...

JPMorgan Forecasts $150 per Barrel Oil Says Energy “Supercycle” Looms

In a research report published on Friday, JPMorgan analyst Christyan Malek upgraded the entire global energy sector to an overweight rating, warning that the...

Hedge Funds Bet On Oil Price To Rise Above $100

Hedge funds are piling into the oil market betting that prices will rise above $100 a barrel following a powerful rally triggered by production...

Chevron LNG Workers End Strike

The Offshore Alliance workers has called off strike at two Chevron LNG projects in Australia after the country’s labor market regulator mediated a settlement...

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