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 2021-06-08 22:00 

OilPrice.com

Oil Could Reach $80 This Summer, But There's A Catch...

Wall Street continues to be largely bullish on the oil sector, with some analysts saying that oil prices could hit $80 as gasoline demand continues to increase...

 2021-06-08 21:00 

OilPrice.com

Utility Monopolies Are To Blame For America's Infrastructure Woes...

In the United States, conventional utilities are a product of "natural monopolies," and it's becoming a major problem as the country grapples with growing infrastructure woes...

 2021-06-08 20:46 

OilPrice.com

Oil Prices Climb As API Report Adds To Bullish Sentiment...

The API reported a slightly bigger draw in crude oil inventories than analysts had predicted but smaller than the 5.36 million barrel draw the week before...

 2021-06-08 20:30 

OilPrice.com

U.S. Crude Oil Exports Jump To Highest Level This Year...

U.S. crude oil exports saw a large jump in April, seeing the highest crude export figure so far this year...

 2021-06-08 20:01 

OilPrice.com

Oil Pipeline Leak Could Force Libya To Shut In 60,000 Bpd Of Production...

A leak in a pipeline connecting a Libyan oilfield to an oil terminal may lead to 60,000 bpd of production being shut in...

 2021-06-08 20:00 

OilPrice.com

Carbon Capture Investment Soars As CO2 Levels Hit Record High...

Government investment in new carbon capture projects is soaring, and even traditional fossil fuel firms are jumping on board...

 2021-06-08 19:30 

OilPrice.com

Will Iraq's $40 Billion Bet On Nuclear Power Solve Its Energy Crisis?...

In an attempt to put an end to the energy outages that plague the country, Iraq is developing a $40-billion nuclear power plan...

 2021-06-08 19:00 

OilPrice.com

Russia Expands Its Influence In Major Iraqi Oil Fields...

With its control over northern Iraq's oil and gas sectors achieved, Russia has been focusing more on expanding its footprint in the south of the country and the West-Qurna fields appear to be its next major targets...

 2021-06-08 18:30 

OilPrice.com

U.S. Government Considers Making Ransom Payments Illegal...

Following the Colonial Pipeline hacking, cybercrime is once again in the spotlight, with the government now considering making ransom payments illegal...

 2021-06-08 18:00 

OilPrice.com

Investors Set Their Sights On $100 Oil...

The recent oil rally paused on Tuesday morning as investors pocketed gains after oil prices hit a two-and-a-half-year high on Monday, with some investors now betting on $100 oil...

 2021-06-08 17:30 

OilPrice.com

How An Oil Pipeline Hack Sent Bitcoin Prices Tumbling...

Bitcoin crashed more than 10% on Tuesday after the FBI managed to seize a large portion of the bitcoin ransom that had been paid following the Colonial Pipeline hack...

 2021-06-08 17:00 

OilPrice.com

Can Biden Pull Venezuela Back From The Brink Of Collapse?...

The real reason behind Maduro's recent attempts to open a dialogue with Washington is that his government is slowly losing control of the country to armed militias...

 2021-06-08 16:30 

OilPrice.com

Tesla Stock Jumps As It Claws Back Chinese Market Share...

Tesla shares have jumped on news that the companies sales numbers in China have risen by 29% since April...

 2021-06-08 16:00 

OilPrice.com

This Million-Barrel Oil Tanker Is A Ticking Time Bomb...

The situation at the ghost tanker off the Yemeni coast continues to deteriorate and a possible explosion on the vessel could trigger a major ecological disaster...

 2021-06-08 15:30 

OilPrice.com

Mega-Merger Creates A $5.7 Billion U.S. Shale Giant...

In what has become the latest in a string of mega-mergers in U.S. oil and gas, Independence Energy And Contango Oil & Gas merged to become a $5.7 billion shale firm...

 2021-06-08 15:00 

OilPrice.com

China's Oil Imports To Drop After Refinery Margins Near $0...

China may import less crude this month as a result of government efforts to curb fuel production after refining margins crashed in May...

 2021-06-08 14:30 

OilPrice.com

Iranian Diplomat Discusses Oil Agenda With OPEC Chief...

Iran's OPEC envoy, Kazem Gharibabadi, met in Vienna with the secretary-general of OPEC, Mohammed Barkindo, to discuss the return of Iranian crude to oil markets...

 2021-06-08 14:00 

OilPrice.com

OPEC Lost $1 Trillion In The 2015 Oil Price Crash...

OPEC members lost a collective one trillion dollars in foregone revenues during the 2015-2016 oil crisis...

 2021-06-07 23:45 

OilPrice.com

The Most Exciting Oil And Gas Play On The Planet? Interview with Bill Mooney...

Bill Mooney has worked in the oil and gas industry for 40 years and is a leading expert on seismic imaging, we sat down with him discuss Reconnaissance Energy Africa...

 2021-06-07 23:30 

OilPrice.com

Saudi Arabia And Russia Warn Of Major Oil Supply Crunch...

The leaders of the OPEC+ group, Saudi Arabia and Russia have warned that an imminent supply crunch is inevitable if the world fails to invest enough in new oil and gas, projects...

 2021-06-07 22:30 

OilPrice.com

U.S. Claws Back Millions From Pipeline Ransomware Attackers...

The FBI has seized $2.3 million of the $4.4 million paid to the ransomware attackers of the Colonial Pipeline...

 2021-06-07 22:00 

OilPrice.com

How Aramco Plans To Cover Its Unsustainable Dividend...

After a less-than-successful IPO, Aramco is taking on more and more debt in order to service its huge dividend payments...

 2021-06-07 21:00 

OilPrice.com

China's Efforts To Curb Oil Prices Are Futile...

Chinese authorities have implemented a range of price control measures aimed at curbing the commodities rally, but big banks think there's little Beijing can do to keep prices in check...

 2021-06-07 20:30 

OilPrice.com

North Sea Oil Floating Off Europe Could Signal Weak Asian Demand...

Around 6 million barrels of crude of North Sea's key grades have been kept in tankers offshore Europe for up to three weeks, which could be a sign that demand in the world's top oil importing region, Asia, could be softer than the paper market sug...

 2021-06-07 20:00 

OilPrice.com

BP CEO: Strong Oil Demand Growth Is Here To Stay...

Global oil demand is set to rebound and remain robust for some time, BP's chief executive Bernard Looney told Bloomberg News on the sidelines of an economic forum in Russia...

 2021-06-07 19:00 

OilPrice.com

Is The Golden Age Of Natural Gas Really Over?...

Just a few years ago, IEA Director Fatih Birol announced the coming of a 'golden age' for natural gas, but what's left of this claim following the agency's net-zero 2050 roadmap report?...

 2021-06-07 18:30 

OilPrice.com

OPEC Head: Global Oil Inventories Will Continue To Draw Down...

Oil inventories in developed nations have declined by 160 million barrels since this time last year and will continue to drop in the near term...

 2021-06-07 18:00 

OilPrice.com

Will Electric Vehicles Really Cut CO2 Emissions?...

Are the carbon footprints of EVs really as drastically lower than that of internal combustion engine vehicles? When considering the amount of carbon and CO2 created from assembling lithium ion batteries, one firm thinks the difference could be...

 2021-06-07 17:00 

OilPrice.com

Energy Secretary Warns Cyberattack Could Shut Down U.S. Power Grid...

There are malign cyber actors capable of shutting down the U.S. power grid or parts of it, U.S. Secretary of Energy Jennifer Granholm said this weekend...

 2021-06-07 16:00 

OilPrice.com

The Age Of Oil Isn't Over...

Continued growth in oil demand in Asia, due to increased economic prosperity and rising population, will shape the global trend in oil demand according to Rosneft's newest board member and Foreign Minister of Austria, Karin Kneissl...

 2021-06-07 15:30 

OilPrice.com

Scientists Find Cheap And Easy Way To Extract Lithium From Seawater...

Researchers at King Abdullah University of Science and Technology developed what they believe is an economically viable system to extract high-purity lithium from seawater...

 2021-06-07 15:00 

OilPrice.com

Raw Material Supply Crunch Hits U.S. Shale Oil...

As the prices of steel, cement and other raw materials climb higher and higher amid tightening supply, drillers in the U.S. shale patch are facing higher production costs...

 2021-06-07 14:30 

OilPrice.com

EU Approves $21B Green Transition Fund...

The 27 members of the European Union approved on Monday the regulation establishing the so-called Just Transition Fund to help fossil fuel-reliant economies in the bloc move to greener energy...

 2021-06-07 14:00 

OilPrice.com

World's Largest Oil Trader: OPEC+ Rules Oil Markets...

OPEC+ is gaining the upper hand as a trendsetter on global oil markets, Vitol's head of operations for Asia, Mike Muller, said as quoted by Bloomberg this weekend...

 2021-06-07 13:00 

OilPrice.com

WTI Price Breaks $70 For First Time Since 2018...

West Texas Intermediate hit the highest since 2018 at the end of last week amid an increasingly favorable demand outlook...

 2021-06-07 12:30 

OilPrice.com

Renewables Was Sole U.S. Energy Source With Rising Consumption In 2020...

Renewables were the only energy source whose consumption in the United States roses in 2020 amid a record 7-percent decline in overall energy consumption...

 2021-06-07 00:00 

OilPrice.com

Forget Activism: Chronic Underperformance Is Big Oil's Biggest Problem...

While the climate revolt is stealing all the headlines, oil majors should perhaps be more concerned about their ability to sustainably return good returns for their shareholders...

 2021-06-06 19:00 

OilPrice.com

Saudi Arabia Says It is No Longer An Oil Producing Country...

Saudi Energy Minister Prince Abdulaziz bin Salman announced that his country is no longer an oil-producing country, but despite the diversification push, he likely didn't mean literally...

 2021-06-06 17:00 

OilPrice.com

Who Will Control Canada's Most Important Pipeline?...

A court hearing on the way that shippers will contract volumes on Canada's most important pipeline could turn out to be the most important battle for Canadian oil...

 2021-06-06 15:00 

OilPrice.com

Could Gamma-Ray Bursts Give Us Unlimited Energy?...

Gamma-ray bursts are the most powerful, brightest explosions in the universe, and in studying them, scientists now think they may have found the mechanism that triggers these immensely powerful bursts...

 2021-06-05 23:00 

OilPrice.com

Crude Prices Rise Despite Falling Asian Oil Imports...

Softer current physical crude demand in Asia in unlikely to have a serious impact on oil prices as the near term outlook for fuel consumption in this region remains bright...

 2021-06-05 21:00 

OilPrice.com

Putin Says That First Line Of Nord Stream 2 Is Now Complete...

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of Nord Stream 2 has now been completed...

 2021-06-05 19:00 

OilPrice.com

Buffett And Gates Are Building A Nuclear Plant In Coal Country...

Warren Buffett and Bill Gates are looking to build a billion-dollar nuclear plant in the heart of coal country with hopes of paving the way towards a carbon-free future...

 2021-06-05 17:00 

OilPrice.com

A War On Coal Is Playing Out In Central Europe...

The brusqueness of anti-coal sentiment in Europe is almost certain to generate conflict between remaining producers and their neighbours...

 2021-06-05 15:00 

OilPrice.com

Tesla Is Facing Strong Competition With Ford And GM Ramping Up EV Sales...

Domestic U.S. automakers Ford and General Motors have officially hit the ground running as they begin to report sales success of their electric vehicle models...

 2021-06-04 19:00 

OilPrice.com

WTI Nears $70 As Bulls Run Rampant...

Oil bulls are out in force as OPEC+ succeeds in draining global inventories while successful vaccine programs give hope that the end of the global pandemic may be in sight...

 2021-06-04 18:30 

OilPrice.com

Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May...

Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian Deputy Prime Minister Alexander Novak said on Friday...

 2021-06-04 17:30 

OilPrice.com

Peak Oil Demand May Be Ten Years Away...

The world is past peak coal consumption and may reach peak oil consumption within the next ten years, Alexei Kudrin, the head of the Russian Accounts Chamber, told media this week...

 2021-06-04 17:14 

OilPrice.com

U.S. Rig Count Falls As Drillers Show Discipline...

The U.S. rig count fell slightly this week despite the upbeat sentiment in oil markets...

 2021-06-04 16:00 

OilPrice.com

Africa's Oil Nations Push Against Global Drive To Shun Oil And Gas...

Africa's largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse to finance new developments...

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