The rapid boom in oil markets has pushed crude oil prices to their highest level since the onset of the coronovirus epidemic, driven by production restrictions and demand recovery. Brent-crude futures, the …
Read More »A major oil rally may be on the horizon
This year has been a true rollercoaster ride for the US stock market, but it rapidly ends on a high note. S&P 500 The first two weeks of November have climbed by …
Read More »Unexpectedly, The Universe Is Getting Hotter and Hotter It’s Expanded
For nearly a century, astronomers have understood that the universe is in a state of expansion. Since the 1990s, they have understood that by 4 billion years ago, the pace of expansion …
Read More »Big oil side commotion: where ‘renewable’ money is really going
“It is unrealistic to suggest that renewable bases can replace conventional baseloid fuels.“- Gregory Boyce, former CEO Peabody Energy Corp, 2010. Whenever an oil and gas major declares a major forest in …
Read More »Pioneer Natural Resources to Buy Parsley Energy for $ 4.5 Billion
Pioneer Natural Resources Co. PXD -4.04% Parsley has agreed to buy energy Inc. P.E. 5.15% For $ 4.5 billion, the US is the latest in a hawk of oil tie-ups as companies …
Read More »The breathtaking Hubble image captures a star that is still being born
Zooming in on a small corner of the cloud 7,500 light-years away, the Hubble Space Telescope has captured a fascinating phase in the evolution of baby stars. It is called J025157.5 + …
Read More »ExxonMobil to cut 1,600 jobs in Europe
Oil and gas superman ExxonMobil will cut 1,600 jobs in Europe, as the company said this week as part of efforts to rein in costs. Exxon said in a statement, “The proposed …
Read More »Oil prices rise as Saudi Arabia keeps OPEC members in check
Oil prices rose on Thursday, the third day of positive price movements for the commodity, as the market reacted favorably to the OPEC meeting. WTI crude prices rose more than 2% by …
Read More »We can finally know the origin of a mysterious stream of the Milky Way
As Joramangandra encircles the Earth, so does the entire galaxy. A massive, high-velocity stream of gas is wrapped around the Milky Way at a distance of about 200,000 light-years. We know where …
Read More »Is Saudi Arabia’s ambitious 2030 plan dead?
$ 500 billion smart city. $ 200 billion solar farm. Billions of dollars in investment in gas and petrochemicals. These were all aspects of Saudi Arabia’s Vision 2030 — perhaps the most …
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