Category: OilPrice.com

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Is The Oil Market Really Broken?

Is The Oil Market Really Broken?

Is The Oil Market Really Broken? “The oil futures market is completely broken. Moving down $10 in a day for no apparent reason,” tweeted hedge fund celebrity Pierre Andurand this week. Indeed, volatility these days is not what it was just a couple of years ago.  Yet it may be a little excessive to claim...

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Can The U.S. Kick Its Reliance On Russian Uranium?

Can The U.S. Kick Its Reliance On Russian Uranium?

Can The U.S. Kick Its Reliance On Russian Uranium? Back in early March shortly after Russia’s invasion of Ukraine, President Biden signed an executive order to ban the import of Russian oil, liquefied natural gas, and coal to the United States. Although the ban together with EU sanctions have been blamed for skyrocketing global energy...

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Rise In Coal Use Sparks Resurgence In Deadly Mining Practices In Mexico

Rise In Coal Use Sparks Resurgence In Deadly Mining Practices In Mexico

Rise In Coal Use Sparks Resurgence In Deadly Mining Practices In Mexico In a bid for greater financial equality paired with increased energy security, populist Mexican President Andrés Manuel López Obrador has worked to revive Mexico’s small-scale coal mining industry. Two years ago, a plan was enacted to revive the coal mining industry in economically...

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Armenia Finds Itself Torn Between Russia And The West

Armenia Finds Itself Torn Between Russia And The West

Armenia Finds Itself Torn Between Russia And The West As international sanctions bite Russia and many Western companies have stopped doing business in the country, Moscow has tried to fill the gaps with a program it calls “parallel imports.” Armenia has reported a nearly 50 percent increase in trade with Russia, raising questions about what...

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Is The UK Doing Enough To Achieve Its Climate Goals?

Is The UK Doing Enough To Achieve Its Climate Goals?

Is The UK Doing Enough To Achieve Its Climate Goals? Recent unprecedented temperatures experienced within the United Kingdom – recorded as exceeding 40 degrees celsius for the first time – exemplify the increasing likelihood and intensity of severe heatwave events in the region as a result of climate change. This comes not long after the...

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Will OPEC Cut Oil Output On Labor Day?

Will OPEC Cut Oil Output On Labor Day?

Will OPEC Cut Oil Output On Labor Day? Saudi Arabia’s signal from two weeks ago that OPEC+ could decide to cut production at any time, in any form, managed to lift Brent oil prices to above $100 per barrel for around a week.    But this week, fresh lockdowns in China, intensified fears of recession, and...

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Foreign Investors Are Piling Into India’s Renewable Industry

Foreign Investors Are Piling Into India’s Renewable Industry

Foreign Investors Are Piling Into India’s Renewable Industry As the world rapidly invests in renewables, in a bid to transition away from fossil fuels to a greener future, companies and governments are not just funding projects at home but also abroad. Several companies around the globe have highlighted India as a key market for their...

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New Storage Tech Will Elevate The Role Of Hydropower

New Storage Tech Will Elevate The Role Of Hydropower

New Storage Tech Will Elevate The Role Of Hydropower As the world strives to meet net-zero emissions goals amid geopolitical and supply chain disruptions that threaten energy imports, emerging markets are turning to hydropower investment and storage to facilitate their energy transitions. In the latest sign of commitment to the world’s largest low-cost, low-carbon electricity...

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U.S. Solar Bottlenecks Are Causing A Resurgence In Coal

U.S. Solar Bottlenecks Are Causing A Resurgence In Coal

U.S. Solar Bottlenecks Are Causing A Resurgence In Coal For years, academics and journalists alike have been reporting the terminal decline of coal in the United States. In 2018, Vox reported that while the sector was “flailing about desperately for subsidies, tax breaks, and regulatory loopholes — the kinds of political favors that have kept...

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European Stainless Steel Mills Are Closing Due To Energy Crisis

European Stainless Steel Mills Are Closing Due To Energy Crisis

European Stainless Steel Mills Are Closing Due To Energy Crisis Stainless steel prices continue to struggle as we approach the final quarter of the year. Meanwhile, nickel prices float just above their 2021 average, closing August at $21,320 / mt. Both indices seem to indicate an overly-cautious marketplace, with buyers and sellers seemingly waiting to...

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