Articles by tag: oil

AAA New Report Suggests a Decline in National Averages for Gas Prices

AAA

AAA’s new report shows hopeful indications that prices are declining at the pump. With holiday shopping in full swing, everyone is looking for a deal. One area where consumers will be able to save a small amount in the coming weeks is at the pump. A new report from AAA explains that the current national […]

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Fossil Fuels Will Remain the Primary Source of Energy, Despite Strategic Growth in the Renewable Energy Sector

Fossil fuels are still in the game. In a recent piece from IEA, the author argues that our “global energy crisis has triggered unprecedented momentum behind renewables, with the world set to add as much renewable power in the next 5 years as it did in the past 20.” This forecast is a promising development […]

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The Current US Oil Landscape: Record Profits Among a Diesel Shortage

Diesel Reserves Hit Extreme Lows Once again, record-low oil reserves are making the headlines in oil and gas. Biden committed to releasing an “additional 15 million barrels” from the strategic petroleum reserves, reported Tim Snyder. The genuine concern is the current levels of the diesel reserves are a clear sign of a diesel shortage. […]

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Biden Bans Imports of Russian Oil. What is the Business Impact?

President Biden announced Tuesday morning that the United States was banning oil imports from Russia. This comes after Ukrainian President Volodymyr Zelenskyy called on U.S. lawmakers for assistance over the weekend. The ban on Russian oil is broadly popular on both sides of the aisle in Congress, as well as with the American people. According […]

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Energy
Will Rises in COVID-19 Cases or a Projected Increase in Production Cause Bigger Oil Price Jumps?

With gas prices at the highest America has seen since 2014, consumers are left wondering what is causing the increase while energy traders try to make sense of the various factors fluctuating oil futures. Troy Vincent, a Market Analyst with DTN, a real-time commodity market information and analysis company, took some time to break […]

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Energy
Are Oil and Gas Companies Leveraging ESG Strategies Enough?

Key Points: Oil and gas companies are starting to center ESG strategies. They are using these strategies for future investments. There has been a lot of effort from companies to embrace sustainability. Commentary: It is no mystery that the world is trying to become more green in its energy usage. Oil and gas companies […]

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Energy
The Costs of Oil Spills: Could it Push More Consumers to Electric Vehicles

Crews in California are actively working to clean up nearly 126,000 gallons of oil that spilled out into the Pacific Ocean near Orange County. Right now authorities are speculating what might have caused the spill early guesses is an anchor that might have struck the pipeline. 126,000 gallons sounds like a lot of oil […]

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Transform Your Videos with AI
Transform Your Videos with AI
February 29, 2024

The future of video editing is here, and it’s powered by AI. MarketScale’s recent webinar, hosted by Alex LeBlanc and Shannon Willey, took a deep dive into how artificial intelligence is transforming the art of video production. In an era where video content reigns supreme, AI is emerging as a game-changer, providing tools that bring […]

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DISTRIBUTECH 2024
DISTRIBUTECH 2024: Ulteig’s PathFinder Leads the Way in Smart Technology Investments
February 29, 2024

The utility industry is witnessing a transformative shift towards harnessing technology to enhance efficiency and offer value beyond conventional services. A recent study unveiled at DISTRIBUTECH 2024, the industry’s energy transmission and distribution show, revealed that 74% of energy and utility companies are adopting or exploring AI to improve data management and operational efficiency. […]

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DECT NR+
DISTRIBUTECH 2024: Nordic Semiconductor Unveils the Power of DECT NR+ for Private Networks
February 28, 2024

The rise of the Internet of Things (IoT) and its industrial counterpart (IIoT) has seamlessly integrated technology into our daily lives, from our homes and cars to factories. This integration largely relies on wireless communication technologies like Wi-Fi, Bluetooth, and cellular networks, as well as ultra-wideband, LoRa, Sigfox, and ISM. With our reliance on […]

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energy infrastructure
New Energy Infrastructure Vs. Extending Fossil Fuel Plants: How Should the Energy Industry Tackle Aging Power-Generation Assets?
February 28, 2024

If the expected surge in power demand is anything to go by, the U.S. power grid could be in trouble. Fueled by clean energy projects and a massive shift towards electric vehicles by 2030, it’s clear the grid could face major strain — and even blackouts. Unfortunately, the U.S. has already faced such disasters: […]

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California Oil Spill is a “Tempest in a Teapot,” Oil Economist Says
October 6, 2021

California is in emergency mode to reign in a 25-mile oil slick, after an estimated 3,000 barrels, or 126,000 gallons, of post-production crude was spilled in the Pacific Ocean off the coast of Orange County. Though the situation is still on-going, authorities suspect a ship’s anchor may be to blame, cutting into an off-shore pipeline. […]

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How The Situation In Afghanistan Impacts The Oil And Gas Markets
August 16, 2021

The Taliban took over Afghanistan on Sunday, as they flooded the capital, Kabul, while the U.S. worked to remove all of its foreign dignitaries. Scenes of crowded airports and Afghan citizens clinging to an American bomber flooded the internet, and news broadcasts Monday. The impact will be felt around the world, particularly on the oil […]

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OPEC+ May Raise Output by 500,000 BPD
July 2, 2021

Energy Aspects analyst Amrita Sen says that OPEC and its allies are likely to raise output by “anything up to 500,000 barrels per day” even as the cartel doesn’t have the capacity to meet potential increased summer demands. Tune in below as OPEC+ heads for a meeting that could prove crucial for oil prices.   […]

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Aramco’s Al-Khowaiter on Blue Hydrogen Investments
July 1, 2021

Saudi Aramco has outlined plans to invest in blue hydrogen as the world shifts away from the dirtier forms of energy, but it says that it will take at least until the end of this decade before a global market for the fuel is developed. Hydrogen is seen as crucial to slowing climate change the […]

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How to Manage Tech and Policy Solutions During Infrastructure Master Planning
June 4, 2021

Richa Yadav is a mechanical engineer and sustainability consultant with the Cities group at BuroHappold and a cross-disciplinary specialist with experience in climate change mitigation and infrastructure master planning. “When it comes to city and regional governments, they have a lot of influence in how cities are shaped, which, in turn, influences how much emission […]

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Power Grids and Fracking: How The U.S. Manages its Energy
May 12, 2021

The Energy Exchange explores the complex and critical intersection of energy, money and technology. Experts will use their insights and forecasts to outline what energy is available to us, the costs associated with that energy production and its use, and the technological innovations changing the way we utilize Earth’s resources to power our way of […]

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How Will the Pausing of Enbridge’s Line 5 Pipeline Affect the Energy Landscape
May 5, 2021

Energy Exchange explores the complex and critical intersection of energy, money and technology. Experts will use their insights and forecasts to outline what energy is available to us, the costs associated with that energy production and its use, and the technological innovations changing the way we utilize Earth’s resources to power our way of life. […]

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Oil Producers Face a Long Haul Back to Business as Usual
January 20, 2021

(Bloomberg) This is no time for the world’s oil producers to start adding supplies to the global market if they want to drain a glut that built up because of Covid-19. That’s the conclusion that comes out of the latest monthly forecasts published by the world’s three major oil agencies — the International Energy Agency, the […]

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Shale CEO on US Oil Output, ”The economics wouldn’t support adding rigs [in 2021]”
January 6, 2021

One of the top producers in America’s shale patch doesn’t see drilling picking up significantly even after this week’s surprise Saudi pledge to curb production sent prices surging. “I really don’t see much increase in the Permian Basin or the U.S. shale over the next several years,” said Scott Sheffield, chief executive officer of Pioneer […]

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