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 2021-05-08 23:00 

OilPrice.com

Texas Lawmakers Brace For A War On The Oil & Gas Sector...

As the negative pressure on fossil fuels continues to mount, Texas lawmakers are scrambling to protect the Lone Star State's precious oil and gas sector...

 2021-05-08 21:00 

OilPrice.com

Will Exxon's Big Bet On Guyana Pay Off?...

Guyana is one of the world's most exciting new oil frontiers, and Exxon is making a big bet on its promising offshore reserves...

 2021-05-08 19:00 

OilPrice.com

Could Trinidad And Tobago Become A Hotspot For Oil In The Caribbean?...

BHP has commenced oil production in Trinidad and Tobago in the next big energy development in the Caribbean...

 2021-05-08 17:00 

OilPrice.com

Will Supermajors Finally Be Held Accountable For Oil Spills?...

A new UK Supreme Court ruling has just given Nigeria the go-ahead to sue Royal Dutch Shell for oil spills in 2008 and 2009...

 2021-05-08 15:00 

OilPrice.com

The Only Two Commodities Missing Out On The Supercycle...

The commodity supercycle is in full swing, but zinc and lead seem to be lagging behind other industrial metals...

 2021-05-07 21:30 

OilPrice.com

Fuel Sales In The UK Surge, Adding Bullish Note To Global Oil Outlook...

Fuel sales in the United Kingdom surged at the end of last week to their highest level since the first lockdown in March last year, according to government data...

 2021-05-07 20:30 

OilPrice.com

UN Chief Urges Banks to Halt Fossil Fuel Infrastructure Financing...

Banks should finance low-carbon climate-resilient projects, not big fossil fuel infrastructure that is not even cost-effective anymore, UN Secretary-General Antnio Guterres' said during a climate meeting this week...

 2021-05-07 19:30 

OilPrice.com

New Mexico Proposes Tougher Emission Rules For Oil & Gas...

The New Mexico Environmental Department has proposed a new rule that would remove all current exemptions for oil and gas wells in counties with high ozone levels...

 2021-05-07 19:00 

OilPrice.com

Oil Markets Optimistic As Brent Flirts With $70...

There was a slight pullback in oil prices following Wednesday's highs, but the rally is still very much on and bullish sentiment is palpable as summer driving season nears...

 2021-05-07 17:30 

OilPrice.com

Grid Operator Unwittingly Shut Down Natural Gas During Texas Freeze...

Officials at ERCOT said that the grid operator was unaware that the program to save power actually ended up cutting off some of the much-needed natural gas supply at the time...

 2021-05-07 17:23 

OilPrice.com

China's Natural Gas Imports Surge As Economy Recovers...

China's natural gas imports have climbed 22.4% since the start of the year, and there is no sign of that trend slowing as the country's economy recovers...

 2021-05-07 17:14 

OilPrice.com

Oil And Gas Rig Count Climbs Amid Price Rally...

The oil and gas rig count climbed once again in the U.S. this week, as drillers take advantage of a continued price rally...

 2021-05-07 16:15 

OilPrice.com

Do Mexico's Energy Reforms Violate Its Trade Commitments?...

The API has accused Mexico of violating its trade commitments as the country continues to hinder new private investment in the sector...

 2021-05-07 14:30 

OilPrice.com

India Ramps Up Oil Imports From Saudi Arabia After Price Cut...

India's state-owned refiners are ordering their regular volumes of Saudi crude oil for June after the Kingdom reduced its prices...

 2021-05-07 14:00 

OilPrice.com

Oil Prices On Track For Another Weekly Gain Despite India's COVID Crisis...

Despite a slight dip on Friday morning, oil prices are on track for another week of consecutive gains...

 2021-05-07 00:00 

OilPrice.com

Why Exxon And Chevron Are Not Going All-Out In The Permian...

America's two largest oil companies are practicing restraint by focusing on debt reduction instead of boosting production in the Permian basin...

 2021-05-06 23:00 

OilPrice.com

U.S. Shale Pre-Hedge Revenues Set To Hit All-Time High In 2021...

The US shale industry is set to achieve a significant milestone in 2021: If WTI futures continue their strong run and average at $60 per barrel this year and natural gas and NGL prices remain steady...

 2021-05-06 22:00 

OilPrice.com

The Energy Crisis That No One Is Talking About...

The real energy problem that we are facing isn't climate change, it is something much more worrying and that could take place within a much smaller timeframe...

 2021-05-06 21:00 

OilPrice.com

Gasoline Prices Set To Soar This Summer...

A quickly advancing vaccination campaign, a recovering economy and the urge to travel are set to boost gasoline consumption and prices this summer...

 2021-05-06 20:30 

OilPrice.com

ERCOT Expects Record Power Demand In Texas This Summer...

The Electric Reliability Council of Texas (ERCOT) expects record demand for electricity this summer, but sees a low risk of emergency conditions...

 2021-05-06 20:00 

OilPrice.com

Copper Price Hits All-Time-High In Commodities Bull Run...

Copper price hit a record high on Thursday as Chinese investors unleashed fresh demand following a five-day holiday...

 2021-05-06 19:00 

OilPrice.com

IEA: Governments Should Start Stockpiling Battery Metals...

China's dominance in green energy technologies are rare earth metal production is very concerning to the International Energy Agency (IEA), who posted a stark warning Wednesday advising western governments to stockpile critical battery metals...

 2021-05-06 18:30 

OilPrice.com

U.S. Energy Production Saw Steepest Drop On Record In 2020...

Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record...

 2021-05-06 18:00 

OilPrice.com

The Mystery Of Dark Energy...

More than two decades after the discovery of dark energy, astronomers remain in the dark regarding what it's all about, but a new probe could give some clues...

 2021-05-06 17:00 

OilPrice.com

Analysts: Copper Prices Could Double To $20,000 Per Ton...

Surging demand and insufficient supply of new copper projects could result in copper prices jumping to $20,000 per metric ton in a few years...

 2021-05-06 17:00 

OilPrice.com

U.S. And Iran Make Progress On Nuclear Deal Talks...

As the indirect talks between the United States and Iran are making some progress but not major breakthroughs, diplomatic shuttles of U.S. officials and senators in the Middle East in recent days have intensified reports that there could be a breakthrough...

 2021-05-06 16:00 

OilPrice.com

Oil Rally Stalls As India's COVID Crisis Worsens...

Oil prices dropped on Thursday morning, cutting short the rally to $70 a barrel after the world's third-largest oil importer, India, reported a fresh record of new daily coronavirus cases...

 2021-05-06 15:30 

OilPrice.com

Norway's Oil Industry Averts Strike With New Wage Deal...

Norway's oil companies and industry trade unions struck a wage deal this week, averting another strike that could have cost many millions in lost oil revenue...

 2021-05-06 15:00 

OilPrice.com

Chinese Oil Imports Dropped 11% In April...

China's crude oil imports in April fell by 11 percent, as refiners are entering maintenance season and strategic buyers have slowed down buying as a result of higher oil prices...

 2021-05-06 14:30 

OilPrice.com

Higher Oil Prices Spur Brazil To Sell More Assets...

Brazil's state-run oil company has reopened the bidding of its legacy oilfield clusters amid rising oil prices...

 2021-05-06 14:00 

OilPrice.com

The Biggest Winners From The Texas Freeze...

The cold spell that paralyzed Texas in February benefited companies that produce, distribute and trade natural gas...

 2021-05-06 00:00 

OilPrice.com

Hedge Funds Bet On Higher Oil Prices...

Hedge funds are finally growing more confident in the oil market, with net long positions rising to the highest levels in six weeks...

 2021-05-05 23:00 

OilPrice.com

Why Californians Have Sky-High Electricity Bills...

California is known to have the most expensive electricity in the U.S., and the distributed nature of its grid is negatively affecting less-wealthy Californians...

 2021-05-05 22:30 

OilPrice.com

80% Of U.S. Coal Plants Are Uneconomic As Renewables Costs Drop...

As much as 80 percent of the coal-fired power plants in the United States are already uneconomic compared to new wind and solar projects, energy and climate policy think tank Energy Innovation said in new research this week...

 2021-05-05 22:00 

OilPrice.com

Will Iraq Become A Petrochemicals Powerhouse?...

Iraq potentially has all it takes to become a world leading petrochemical power, but there are a few important reasons why Baghdad hasn't managed to become one...

 2021-05-05 22:00 

OilPrice.com

Saudi Arabia Could Slash Deficit To Below 5% Of GDP At $60 Oil...

The world's largest oil exporter, Saudi Arabia, could see its budget deficit drop to below 5 percent of gross domestic product (GDP) this year if oil prices average $60 per barrel...

 2021-05-05 21:00 

OilPrice.com

The Only Venue Where Oil Majors Will Still Spend Big...

The world's largest oil companies are reining in capital expenditure in pretty much every oil venue in the world, except for hotspots in Latin America...

 2021-05-05 20:00 

OilPrice.com

Saudi Aramco Needs More Than Just Strong Earnings...

The world's largest oil company has reported financial results that outperformed even the most optimistic forecasts, but the financial performance of Saudi Aramco is only a part of the story...

 2021-05-05 20:00 

OilPrice.com

Saudi Aramco Needs More Than Just Strong Earnings...

The world's largest oil company has reported financial results that outperformed even the most optimistic forecasts, but the financial performance of Saudi Aramco is only a part of the story...

 2021-05-05 19:00 

OilPrice.com

The Shocking Truth About Data Center Energy Consumption...

Though Big Tech has been a leader in the global energy transition, its data centers are consuming a massive amount of electricity, and not all of it is as green as we might think...

 2021-05-05 18:30 

OilPrice.com

Biden Could Subsidize Nuclear Power To Reach U.S. Climate Goals...

The White House has signaled it could create new subsidies to support nuclear plants...

 2021-05-05 18:00 

OilPrice.com

Mozambique Delays Could Disrupt Global LNG Market...

The global LNG market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even see annual supply deficits as a result of likely delays in the development of LNG projects in Mozambique...

 2021-05-05 17:00 

OilPrice.com

Suspected Islamic State Militants Blow Up Oil Wells In Northern Iraq...

Suspected Islamic State militants blew up two oil wells with bombs near the northern Iraqi city of Kirkuk on Wednesday...

 2021-05-05 16:00 

OilPrice.com

Saudis Set To Cut Oil Prices To Asia For First Time This Year...

Saudi Arabia is likely to reduce the price of its crude oil for Asia in June in what will be the Kingdom's first price cut this year...

 2021-05-05 15:30 

OilPrice.com

Environmentalists: BlackRock's Exxon Vote Is Moment Of Truth...

Environmentalists are watching closely how asset management giant BlackRock will vote on emission-related issues at Exxon's shareholders' meeting after it reported it had voted pro-environment at other companies where it holds stakes...

 2021-05-05 14:39 

OilPrice.com

Oil Moves Higher On Largest Crude Draw Since January...

Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels...

 2021-05-05 14:30 

OilPrice.com

New Mexico's Oil And Gas Royalties Hit Record...

New Mexico raked in its highest ever royalty amount from oil and gas leases in April, according to the NM's State Land Office...

 2021-05-05 14:00 

OilPrice.com

Oil Close To Hitting $70 As The U.S. And Europe Reopen...

Brent oil prices were less than 50 cents away from hitting $70 per barrel early on Wednesday amid market optimism that reopening the United States and Europe would accelerate the economies, travel, and oil demand this summer...

 2021-05-05 00:00 

OilPrice.com

Will Oil Hit $80 This Summer?...

Oil prices have recovered significantly since the beginning of this year, and while some analysts expect crude prices to hit $80 this summer, others don't expect prices to go much higher from here...

 2021-05-04 23:30 

OilPrice.com

Iran Takes Drastic Measures To Conserve Electricity In Tehran...

Iran has banned the use of air conditioning at Tehran's state agencies as the country looks to save electricity consumption amid low power generation and prioritize electricity supply to homes and hospitals...

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