Big Profits Are No Longer The Top Priority For Oil Investors

For years, the oil industry drew in investors with sizable—and regular—returns. Even when oil prices fell, Big Oil found ways to keep paying dividends, even if it had to cut them, which happened only in extreme cases. Now, it is becoming increasingly clear that dividends—and profits—are no longer king. Today’s investors want other things from their oil investments. Returns are not what they used to be To be perfectly fair, returns are still important. They are just not the only reason for an investor to buy into or stay…

Hydrogen Boom Could Lead To New Platinum Bull Market

The diesel industry is dying, and it’s taking platinum down with it. Platinum prices have merely been treading water since the Dieselgate scandal thanks to diesel vehicle sales in Europe going on a five-year freefall. The automotive industry is the biggest consumer of platinum, with 44% of the world’s supply of the precious metal going into catalytic converters.  But with a dramatic fall in demand, and now Covid-19, the prognosis appears bleak for platinum bulls. Or, maybe not.  Whereas platinum is losing its most important customer in…

North American Oil And Gas Bankruptcy Debt Has Hit An All-Time High

The associated debt from North American oil and gas bankruptcies in 2020 has already reached an all-time high and is set to grow even further this year as the wave of Chapter 11 filings continues, a Rystad Energy report projects, analyzing industry data from law firm Haynes and Boone. Although the combined count of Chapter 11 filings from exploration and production firms (E&Ps) and oilfield service (OFS) companies this year in North America has so far reached 84, which is still lower than the historical high of 142 in 2016, the associated debt…

Tesla Sets Its Sights On India

India has some major plans in store for developing the traffic- and smog-choked subcontinent’s electric vehicles market. Just last week, India’s Department of Heavy Industries released an expression of interest (EoI) invitation to the private sector “to set up electric vehicle charging stations on major existing and upcoming expressways and highways running across the length and breadth of the country” according to reporting this week by Money Control. This is part of the country’s ultra-ambitious plan to establish…

2021 Could Be A Much Better Year For Canadian Oil

It’s been a really tough year for oil nations around the globe, but nearly no one has had it worse than poor Canada. On that infamous day, April 20th, when oil prices plunged below zero in a historic bottoming-out thanks to an oil glut, OPEC+ price war, and absolutely demolished demand due to the pandemic, Canadian oil prices actually dipped into the negatives hours before the West Texas Intermediate crude benchmark followed suit.  Even before Black April, as some have started to call it, Canadian oil had hit a rough patch. Years of…

The U.S. Has A Major EV Problem

Even a battery with a million-mile lifespan can’t overcome one of the key hurdles to mass adoption of electric vehicles (EVs) in the United States and elsewhere—the insufficient public charging infrastructure.   The EV revolution is not only about car performance, choice availability, or price parity with internal combustion engine (ICE) vehicles. It also hinges on easy access to charging infrastructure to allay customer fears that they could be left stranded without battery power and without a charging point nearby. EV infrastructure…

Nuclear Energy Granted A State-Sponsored Lifeline In The U.S.

For the past several decades, the United States has been the poster child for the ailing state of the nuclear industry. The nuclear sector in the U.S. is plagued by aging infrastructure, mounting debts, dependence on government handouts, and the staggering cost of maintaining spent nuclear fuel. What’s more, it’s had to compete with the homegrown shale revolution, and expensive nuclear is simply no match for the tidal wave of cheap shale oil and gas that came flooding out of the West Texas Permian Basin.  The United States has…

More Libyan Oil Set To Return To Market As Factions Sign Ceasefire

Warring factions in Libya signed a countrywide ceasefire on Friday brokered by the United Nations. The ceasefire is poised to lead to more Libyan oil supply to the market at a time when demand is weak, and OPEC+ prepares to ease production cuts as of January. The UN-led mediation by the 5+5 Joint Military Commission, representing the UN-recognized Government in Tripoli and the self-styled Libyan National Army (LNA) of General Khalifa Haftar, agreed to a ceasefire, which UN Acting Special Representative, Stephanie Williams, said could help secure…

More Libyan Oil Set To Return To Market As Factions Sign Ceasefire

Warring factions in Libya signed a countrywide ceasefire on Friday brokered by the United Nations. The ceasefire is poised to lead to more Libyan oil supply to the market at a time when demand is weak, and OPEC+ prepares to ease production cuts as of January. The UN-led mediation by the 5+5 Joint Military Commission, representing the UN-recognized Government in Tripoli and the self-styled Libyan National Army (LNA) of General Khalifa Haftar, agreed to a ceasefire, which UN Acting Special Representative, Stephanie Williams, said could help secure…

More Libyan Oil Set To Return To Market As Factions Sign Ceasefire

Warring factions in Libya signed a countrywide ceasefire on Friday brokered by the United Nations. The ceasefire is poised to lead to more Libyan oil supply to the market at a time when demand is weak, and OPEC+ prepares to ease production cuts as of January. The UN-led mediation by the 5+5 Joint Military Commission, representing the UN-recognized Government in Tripoli and the self-styled Libyan National Army (LNA) of General Khalifa Haftar, agreed to a ceasefire, which UN Acting Special Representative, Stephanie Williams, said could help secure…