The Archives
Thirsty Thursday: An Inventory Report (3/30/23)
Previous Reports Welcome to this week's Thirsty Thursday: An Inventory Report. We are drinking the Fools Gold cocktail this week. While it may look sweet, it is actually pretty spicy! In honor of April Fools Day mix up one of these deceivingly tasty cocktails and join...
Epoch Times | Greens Senator Calls Out Climate Group During Emissions Reduction Negotiations
Greens Senator Nick McKim has broken ranks with the climate lobby to call out their behaviour during negotiations over the federal government’s safeguard mechanism. McKim, the Economic Justice and Treasury spokesperson for the Greens said emissions reductions...
Monday Madness: March 27 ’23
Volatile energy prices, international court conflicts, and expanding protests in Europe. CLICK YOUR PREFERRED STREAMING PLATFORM TO LISTEN TO THE PODCAST Other Episodes Audio Transcript Alrighty everyone, welcome back! This is Tavis Kilian with RARE PETRO bringing you...
Enverus | Lessons in risk management: What we can learn from one trader’s $300M loss
Even multi-national conglomerates can suffer devastating trade losses. In 2019, a subsidiary to a global manufacturing firm was forced to shutter after a single oil derivatives trader racked up more than $300 million in losses when his positions settled...
Rigzone | Supreme Court refuses appeal by lawyer who sued Chevron
The Supreme Court refused Monday to consider the appeal of a disbarred lawyer jailed for contempt of court after he won a $9.5 billion judgment against Chevron in an environmental lawsuit in Ecuador.The attorney, Steven Donziger, was sentenced to six months in...
FNB | Protests in France against Macron’s pension reforms escalate as police use 4,000 nonlethal dispersion grenades
Protests in France escalated over the weekend with officers firing more than 4,000 nonlethal dispersion grenades at people who were voicing their concerns over French President Emmanuel Macron’s pension reforms.More than a million people have taken to the...
OilPrice.com | New Conversion Method Turns Plastic Into Fuel
Pacific Northwest National Laboratory announced a new method to convert waste plastic to fuel and raw materials that promises to help close the carbon cycle at mild temperature and with high yield. There’s a lot of potentially useful raw materials bound up in...
OilPrice.com | Ammonia Security Risks Could Harm Energy Transition Plans
With the recent publication of the IPCC report warning of the devastating effects of global warming and the need for action, the push for energy transition away from hydrocarbons faces new challenges. While green hydrogen and green ammonia are being touted as...
OilPrice.com | Russia’s Nuclear Industry Continues To Rake In Export Revenue
When Russia invaded Ukraine in February of last year, President Vladimir Putin counted on the fact that imposing meaningful economic sanctions on his country would be no easy feat. Putin’s leverage over the West (and many other key economies worldwide) has been...
OilPrice.com | Carbon Capture Technology And Its Growing Role in Decarbonisation
With a greater number of climate policies coming into place worldwide, from the Biden Administration’s IRA to the European Union’s New Green Deal, companies are feeling mounting pressure to decarbonise. And while some are doing it to enhance their ESG practices...
OilPrice.com | Natural Gas Prices See Yet Another Weekly Decline
Natural gas prices are up on the day, but they are once again down on the week—the third week running—as unseasonably warm weather dampened prospects for one more demand push in the United States.Natural gas prices were trading up on the day to $2.191 (+1.81%),...
OilPrice.com | Standard Chartered: Oil Prices Likely To Head Higher
After a major decline that saw oil prices fall to multi-year lows, oil markets appear to have bottomed out and begun an encouraging ascent higher. Over the past two weeks, a general bearish and risk-off sentiment cut across asset markets and triggered a lengthy...
OilPrice.com | Real-Time Data Could Be Key In Achieving Net Zero Targets
Companies are famous for their animal imagery. We’re all familiar with unicorn businesses; elusive, mythical, technological creatures valued at over $1bn. Then there are “zebra” organisations, defined by their combination of profitability (black) and impact on...
OilPrice.com | Elon Musk Responds To Worries Over Altitude Changes In Starlink Satellites
By ZeroHedge - Mar 24, 2023, 2:00 PM CDT Elon Musk's SpaceX recently launched the first batch of its next-generation Starlink internet satellites that already appear to be in trouble. In a Wednesday tweet, Musk said there were "some issues" with "V2 Mini"...
OilPrice.com | Venezuela Halts Nearly All Oil Exports Amid Payment Probe
Crude oil exports from Venezuela have all but dried up as the government investigates oil contracts with a mountain of unpaid oil purchase bills to the tune of $21 billion.According to Reuters, the investigation, which has so far seen at least 20 arrests and...
Epoch Times | Surging Credit Card Spending Raises Concerns About Australia’s Economy
Rising living cost pressures have forced many Australian households to dig deep into their credit cards in the past year, sparking concerns about defaults and other negative economic impacts. According to recent data from the Reserve Bank of Australia (RBA),...
Rigzone | Europe’s rush to LNG could turn into costly mistake, analysts say
A new floating storage and regasification unit considered crucial to Italy's energy independence arrived in Tuscany on March 19, 2023. The Golar Tundra project is a key part of Italy's plan to reduce its reliance on Russian gas following the invasion of...
OilPrice.com | Oil Prices Under Pressure From Oversupply And Economic Uncertainty
By Irina Slav - Mar 23, 2023, 3:00 AM CDT Oil prices initially inched up after the Fed announced a 25-basis-point interest rate hike, but comments from Powell about credit risks then pushed prices lower. The EIA reported a larger-than-expected crude...
Rigzone | Morgan Stanley upgrades global energy stock
Morgan Stanley upgraded the shares of French energy firm TotalEnergies . That's thanks in part to the the company's "significant" growth potential, its strong balance sheet and an "ambitious strategy" for the energy transition, according to the bank. In a March...
Enverus | Winds of change in Texas power: Unraveling the implications of Senate Bill 6 for ERCOT’s energy future
Scott Bruns Scott Bruns is a senior power analyst at Enverus. Before joining Enverus, Scott traded physical and financial power for nearly a decade at Direct Energy. Changing focus, he moved into the fundamental analysis group at Direct where he focused on...
Basin Breakdown February 2023
Tavis and Scott are here to talk about all the biggest monthly basin news for the month of February 2023. Find older episodes here Music: https://www.bensound.com/royalty-free-music
Enverus | Banking on Buzios’ oil supply
CALGARY, Alberta (March 22, 2023) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a report on Brazilian oil supply growth through 2030. With the nation expected to be a major source...
OilPrice.com | Robust EV Demand Sends Argentina’s Mining Exports To A 10-Year High
Exports of mined commodities from Argentina hit the highest in 10 years in 2022 driven by demand for EV battery metals, notably lithium.Argentina made $3.86 billion from mined commodity exports last year, Reuters reported, citing government data, with lithium...
Rigzone | Exxon or Chevron shares? Goldman Sachs names its favorite
Energy stocks dropped last week as oil prices fell to a 15-year low , with the banking crisis roiling markets. The energy sub-sector in the S & P 500 dropped 7% last week, although it has since regained some ground, rising around 5% this week so far. Oil...
Rigzone | Russia and China are becoming ever closer and the West should worry
Chinese President Xi Jinping speaks with Russian President Vladimir Putin as leaders gather for a family photo during the Belt and Road Forum on Yanqi Lake, outside Beijing, China, May 15, 2017.Damir Sagolj | ReutersChina and Russia are taking center stage this...