article thumbnail

Eurozone Stocks Reach Highest Allocation Since 2021

OilPrice

Global investors have finally returned to UK stocks, making their highest allocation to British equities since June 2021. UK equities were the third most overweight sector from global investors this month, beaten out only by utilities and banking stocks, Bank of Americas latest Global Fund Manager Survey revealed.

article thumbnail

Hybrid EV Sales Grew by 76 Percent from 2020 to 2021, DOE Reports

NGT News

The sale of hybrid-electric vehicles (HEV) increased by 76% from 2020 to 2021, according to the U.S. Since then, there have been two distinct periods of growth prior to the 76% surge in sales from 2020 to 2021. […]. The post Hybrid EV Sales Grew by 76 Percent from 2020 to 2021, DOE Reports appeared first on NGT News.

Energy 239
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EU Has Slashed Natural Gas Imports by 18% Since 2021

OilPrice

The European Union reduced its combined pipeline gas and LNG imports by 18% between 2021 and 2024, as consumption slumped by 20%, a gas flow tracking tool of the Institute for Energy Economics and Financial Analysis (IEEFA) showed on Wednesday.

article thumbnail

India’s Oil Import Price Drops Below $70 for the First Time Since 2021

OilPrice

The average price of Indias crude oil imports fell to below $70 per barrel this month, for the first time since 2021, as international benchmarks plunged amid trade and tariff uncertainty. per barrel for the first two weeks of this monththe lowest level since August 2021, Indian outlet Hindustan Times reported on Tuesday.

Crude Oil 179
article thumbnail

IEA: The World Needs Upstream Oil and Gas Investment

OilPrice

The IEA famously said in 2021 that no investments in new oil and gas fields are needed if the world has a chance to reach net-zero emissions by 2050. The Paris-based agency has repeatedly said since 2021 that the world not need any new long lead-time conventional oil and gas projects or coal mines approved

Upstream 361
article thumbnail

Gulfport Energy Signals It Wants to Buy Another Ohio Driller

Marcellus Drilling News

In May 2021, Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy with a new board and new management (see Gulfport Energy Emerges from Bankruptcy w/New Board, CEO/CFO Gone). Later in 2021, the rumors began to swirl. Wow, what a difference four years can make!

Energy 276
article thumbnail

OPEC Demands Consistency After Another IEA U-Turn

OilPrice

The agency shifted its position that investments are needed at some point between 2018 and 2021. By May 2021, the IEA was already advocating for no investments in new oil and gas fields for a chance OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website.

Field 310