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European ESG Funds Witness Heavy Decline in Inflows

European ETFs with a focus on ESG investing saw a substantial decline in inflows in the first quarter, the latest sign of trouble in energy transition industries.

Oil Price
25 Apr 2024

Equinor Beats Q1 Earnings Expectations as Oil and Gas Output Jumps

Equinor reported consensus-beating earnings for the first quarter of 2024 on the back of higher production in Norway and rising oil prices

Oil Price
25 Apr 2024

U.S. Solar Manufacturers Press Biden to Impose Tariffs on Asian Imports

A group of large solar panel producers from the U.S. have called on President Biden to impose tariffs on panels imported from four Asian countries as they claim Chinese companies are using them to flood global markets.

Oil Price
25 Apr 2024

Refinery Fires Force Mexico to Reverse Its Plan to Cut Oil Exports

Mexico has reversed its plan to its oil exports after fires at two Pemex refineries reduced domestic demand for the commodity.

Oil Price
25 Apr 2024

Mining Giant BHP Makes Takeover Offer for Anglo American

Mining giant BHP has made an offer for fellow mining major Anglo American, a deal that would be the biggest in the mining industry for years if completed.

Oil Price
25 Apr 2024

Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June

Despite some crude inventory builds in the middle of April, commodity experts at Standard Chartered expect markets to significantly tighten in May and June

Oil Price
25 Apr 2024

Gas Prices Likely to Keep Falling Ahead of Peak Driving Season

The nationwide average price for a gallon of gasoline on Wednesday was $3.66, down from 3.667 on Tuesday, and the same as a week ago, despite the springtime surge that generally precedes Memorial Day weekend and the peak driving season.

Oil Price
25 Apr 2024

OPEC Would Open Arms to Namibia, Encourages Investors to Consider

OPEC Secretary General Haitham Al Ghais said in a statement on Wednesday that the group is looking forward to the prospect of a partnership with Namibia

Oil Price
25 Apr 2024

Reuters Estimates: Russian Oil and Gas Revenue to Double in April

Higher oil prices are expected to double Russia’s oil and gas revenues in April compared to the same month last year, according to Reuters calculations

Oil Price
24 Apr 2024

SunPower To Cut Jobs After its Stock Gets Hammered

Just a day after announcing it would restate the past two years of financial results, beleaguered SunPower Corp. on Wednesday said it would reduce its workforce

Oil Price
24 Apr 2024

U.S. Frackers Seek Ways to Reverse Well Productivity Declines

Producers are looking to deploy new technology to reverse well productivity declines in the U.S. shale patch.

Oil Price
24 Apr 2024

Oil Moves Higher on Inventory Draw

Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an estimated decline of 6.4 million barrels in inventories for the week to April 19.

Oil Price
24 Apr 2024

U.S. Refiners Set to Report Strong Q1 Earnings

U.S. Refiners Set to Report Strong Q1 Earnings

Oil Price
24 Apr 2024

Biden Administration Plans 12 Offshore Wind Auctions by 2028

The U.S. Department of the Interior has announced a new offshore wind leasing schedule, including up to 12 potential offshore wind energy lease sales through 2028.

Oil Price
24 Apr 2024

Oil Firms Doubtful Trans Mountain Pipeline Will Start Full Service by May 1st

Oil companies planning to ship crude on the expanded Trans Mountain pipeline are concerned the project may not begin full service on May 1st.

Oil Price
24 Apr 2024

Baker Hughes Reports Forecast-Beating Earnings in Q1

Baker Hughes has become the latest oilfield services giant to report forecast-beating earnings in the first quarter amid strong international demand for services.

Oil Price
24 Apr 2024

Tesla Promises Cheap EVs by 2025

Tesla has promised to sell cheaper models next year after the company shelved its plans for an all-new car that would cost only $25,000.

Oil Price
24 Apr 2024

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore Texas before multiple crises hit the industry in the 2020s, but in the end, only one got approved

Oil Price
24 Apr 2024

U.S. Crude Oil And Gasoline Inventories Drop Off

Crude oil inventories in the United States fell this week by 3.23 million barrels for the week ending April 19

Oil Price
24 Apr 2024

Permian Basin Dominates US Energy M&A Activity in Q1

Houston-based data provider Enverus reported that the United States saw a record-breaking $51 billion worth of oil and gas deals in the first quarter of the year

Oil Price
24 Apr 2024

Renewables Giant NextEra Books Higher-Than-Expected Q1 Earnings

NextEra Energy Inc. reported on Tuesday an 8.3% annual increase in its adjusted earnings per share for the first quarter,

Oil Price
24 Apr 2024

Wind Overtakes Fossil Fuels as the UK’s Largest Power Generation Source

For two consecutive quarters, wind power was the single largest source of electricity generation in the UK.

Oil Price
24 Apr 2024
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