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 2021-06-04 15:00 

OilPrice.com

Traders Rush To Ship Masked Venezuelan Crude To China...

Commodity traders are in a rush to ship as much Venezuelan heavy crude to China as possible before a new fuel tax kicks in, causing a 40-50-percent rise in prices...

 2021-06-04 14:30 

OilPrice.com

Uganda Picks Four Firms For New Oil Exploration Round...

Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever...

 2021-06-04 14:00 

OilPrice.com

Oil Prices Poised For A Breakout As WTI Nears $70...

Oil continued to rally on Friday morning, with WTI crude futures nearing $70 on the back of strong demand and hickups in the Iran nuclear deal negotiations...

 2021-06-04 00:00 

OilPrice.com

Climate Activism Is Great News For Saudi Arabia And Russia...

Saudi Arabia and Russia stand to benefit most from climate activism and a possible reduction in oil production at the world's largest oil majors...

 2021-06-03 23:00 

OilPrice.com

Can We Actually Harness Energy From A Black Hole?...

Relatively very little is known about black holes, one of the most mysterious phenomena in our universe, but physicists now believe we may be able to harness energy from them...

 2021-06-03 22:31 

OilPrice.com

U.S. Natural Gas Storage Capacity Hardly Increased Since Start Of Shale Boom...

Underground storage capacity for natural gas in the United States has stayed essentially flat between 2012 and 2020...

 2021-06-03 22:00 

OilPrice.com

U.S. Cities And States Clash Over Natural Gas...

More and more cities are looking to ban natural gas connections to residential buildings, but in doing so they're facing some tough resistance from state authorities...

 2021-06-03 21:00 

OilPrice.com

Colombian Oil Production Slips Amid Deadly Protests...

As violence escalates across Colombia, its already-struggling oil industry is expected to take further production hits...

 2021-06-03 20:30 

OilPrice.com

Russia Bets On Waste-To-Energy Plants...

Russia is advancing projects to have waste-to-energy plants produce electricity, Sergei Ivanov, Special Presidential Representative for Environmental Protection, Ecology, and Transport said at an economic forum in Russia on Thursday....

 2021-06-03 20:00 

OilPrice.com

Blackrock: Investors Cannot ''Run Away'' From Oil Industry...

BlackRock, the world's largest asset manager, will continue to work with oil and gas firms in order to help them through the energy transition...

 2021-06-03 19:00 

OilPrice.com

Are Regional Companies Ready To Dominate South Asian Oil Markets?...

Repsol made headlines this week with its decision to sell its exploration and production assets in Malaysia and Vietnam, a move that could mark the rise of regional players in the region...

 2021-06-03 18:30 

OilPrice.com

Canadian EV Maker Unveils World's First Crypto-Mining Car...

Daymak Inc, a Canadian electric vehicle manufacturer, has debuted a three-wheel EV resembling a spaceship that includes cryptocurrency mining technology that allows the vehicle to mine while parked...

 2021-06-03 18:00 

OilPrice.com

Texas Gas Companies To Pay Steep Bill To Avoid Another Power Crisis...

Texas legislators are at odds about the need and the cost to weatherize gas producing and power generating facilities in order to avoid another power crisis...

 2021-06-03 17:30 

OilPrice.com

Brazil's Worst Drought In 91 Years Is Good News For LNG...

Brazil is importing so much liquefied natural gas (LNG) this year that volumes are close to levels usually seen in countries in Europe and Asia...

 2021-06-03 17:00 

OilPrice.com

Saudi Arabia Hikes Oil Prices For Asia Expecting Strong Demand Rebound...

The world's top oil exporter, Saudi Arabia, raised on Thursday its official selling prices for Asia for July shipments amid rallying international oil prices and expected strong demand going forward...

 2021-06-03 16:30 

OilPrice.com

Extreme Drought Puts California's Power Supply At Risk...

A more severe than usual drought in California has depleted reservoirs and lakes, including the ones feeding some of the largest hydropower facilities, putting the state again at risk of power outages during heat waves this summer...

 2021-06-03 16:00 

OilPrice.com

''We'll See $200 Oil": Russia & OPEC Ministers Blast IEA's Net Zero Plan...

Russia's Prime Minister Novak slammed IEA's net-zero 2050 plans, saying that the world will see oil prices skyrocket to $200 if the agency's controversial roadmap will become reality...

 2021-06-03 15:30 

OilPrice.com

More Than 2 Billion Tons Of Coal Mining Capacity Is About To Come Online...

More than 2.2 billion tons in annual coal mining capacity is currently under development, threatening the Paris Agreement targets...

 2021-06-03 15:07 

OilPrice.com

EIA Inventory Report Sends Oil Higher...

Crude oil benchmark prices moved higher on Thursday morning after the EIA reported a large draw in crude stocks...

 2021-06-03 14:30 

OilPrice.com

Commodity Firms Race To Hire Metal Traders...

Amid booming demand for key metals in the energy transition, the world's largest commodity traders, as well as some hedge funds, are racing to hire metals traders to capitalize on the demand for critical minerals...

 2021-06-03 14:00 

OilPrice.com

Activist Investor Wins Third Exxon Board Seat...

Activist investor hedge fund Engine No.1 has won a third seat on the supermajor's board of directors in an unprecedented shift of shareholder sentiment in the oil and gas industry...

 2021-06-03 00:00 

OilPrice.com

Climate Revolt Against Big Oil May Lead To Surge In Crude Prices...

The surge in climate activism and a possible forced production cut by oil majors could result in a surge in oil prices in the near future...

 2021-06-02 23:00 

OilPrice.com

Hedge Funds Grow More Bullish On U.S. Crude Oil...

Money managers reduced their bullish bets on the six most important petroleum contracts, but they bought more WTI Crude futures in the week to May 25 amid strong fundamentals for the U.S. benchmark...

 2021-06-02 22:00 

OilPrice.com

Russia's LNG Boom Hinges On Foreign Tech...

Russia has presented a highly ambitious LNG agenda over the last couple of years, but its companies lack the in-house liquefaction technology...

 2021-06-02 21:00 

OilPrice.com

Can Australia Satisfy Tesla's Appetite For Battery Metals?...

Tesla is looking to purchase over $1 billion worth of Australian battery metals per year as the Land Down Under looks to clean up its global image...

 2021-06-02 20:45 

OilPrice.com

Larger Than Expected Crude Draw Fuels Oil Price Rally...

A larger than expected crude draw continues to add to the already existing bullish sentiment, sending oil prices higher on Wednesday afternoon...

 2021-06-02 20:00 

OilPrice.com

Multinational Majors Announce Billion-Dollar Investment In Brazilian Oil Field...

Norway's Equinor, ExxonMobil, and Petrogal Brasil have announced an $8 billion phase one development of Brazil's Bacalhau oil discovery...

 2021-06-02 19:00 

OilPrice.com

Biden Nixes $35 Billion In Fossil Fuel Tax Benefits...

Biden's budget proposal released Friday has targeted specific tax provisions that benefit the fossil fuel industry, and aims to eliminate measures that will generate $35 billion over the course of a decade...

 2021-06-02 18:00 

OilPrice.com

Massive Blaze Engulfs Tehran Refinery Hours After Sinking Of Iranian Warship...

A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic's largest warship caught fire and sank in the Gulf of Oman under mysterious circumstances...

 2021-06-02 18:00 

OilPrice.com

G7 Nations Invest More In Fossil Fuels Than Clean Energy Despite Pledges...

The G7 nations have been pumping more in fossil fuels than in clean energy since the start of the pandemic, despite headline-grabbing pledges for 'building back greener', a new report found on Wednesday...

 2021-06-02 17:30 

OilPrice.com

Saudi Oil Giant Readies $5B Bond To Fund Huge Dividend...

Saudi Arabia's oil giant Aramco plans to raise around US$5 billion in a new bond sale as early as this month, as it looks to fund its massive annual dividend of US$75 billion...

 2021-06-02 17:00 

OilPrice.com

Petrostates Will Never Again Get $1 Trillion In Oil And Gas Tax Revenue...

Total global revenues from oil and gas taxes are set to approach the $1-trillion mark in 2021, but unlike in pre-COVID times, the world will never again see such high revenues from oil and gas...

 2021-06-02 16:00 

OilPrice.com

Japan Looks To Become Leader In Wind Energy...

Japan has a relatively small installed wind power capacity, but the energy importing country has big plans to ramp up installations this decade...

 2021-06-02 15:30 

OilPrice.com

World's Top Offshore Wind Firm To Triple Capacity With $57 Billion Investment...

Danish renewables company rsted, the biggest developer of offshore wind farms in the world, plans to invest the equivalent of over US$57 billion by 2027 as part of a new strategy to become a global green energy major...

 2021-06-02 15:00 

OilPrice.com

IEA: Global Energy Investment To Rise To $1.9 Trillion In 2021...

Global energy investment this year is seen expanding by 10 percent from 2020 to $1.9 trillion according to the IEA...

 2021-06-02 14:30 

OilPrice.com

Biden Suspends Alaska Wildlife Refuge Oil Leases...

The Biden administration has suspended oil leases in the Arctic National Wildlife Refuge in Alaska, and the suspension could become permanent...

 2021-06-02 14:00 

OilPrice.com

Oil Rises On OPEC Optimism...

Crude oil prices strengthened further this week after OPEC+ signaled its growing optimism about the balance between demand and supply...

 2021-06-02 00:00 

OilPrice.com

Rapid Energy Transition Could Doom Oil Exporting Countries...

The IEA has warned that pursuing net-zero emissions target is likely to be catastrophic for many oil exporters, some of which rely for almost 90% on hydrocarbon exports...

 2021-06-01 23:01 

OilPrice.com

Why EV Stocks Are Poised To Explode This Summer...

Hundreds of billions of private dollars are being poured into the EV industry ... and that's on top of Biden's $174 billion for subsidies and charging stations...

 2021-06-01 23:00 

OilPrice.com

Can Iceland Become The World's First Green Hydrogen Economy?...

Blessed with plentiful geothermal energy resources, and a small and centralized population, Iceland could become the world's first country with a fully functioning green hydrogen economy...

 2021-06-01 22:00 

OilPrice.com

Iraq Plays U.S. Off Against Iran With New Crucial Gas Deal...

Last week's high-level talks between Iraq, Egypt and Syria about a gas deal raised questions in Washington as Baghdad continues to successfully play off the main powers in the Middle East against each other...

 2021-06-01 22:00 

OilPrice.com

Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil...

Norway's Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil's prolific pre-salt area with a US$8-billion investment in phase one...

 2021-06-01 21:00 

OilPrice.com

India's Oil Demand Outlook Remains A Mystery...

India's oil demand recovery has been one of the primary causes of uncertainty in global crude markets, and analysts still don't agree on how long the pandemic will continue to impact fuel demand in one of Asia's largest economies...

 2021-06-01 20:30 

OilPrice.com

Washington Renews Chevron's Waiver To Keep Operating In Venezuela...

The Biden Administration has renewed US-based Chevron's waiver to keep operating in sanctioned Venezuela until December 1, the US Treasury Department said on Tuesday....

 2021-06-01 20:30 

OilPrice.com

UK Looks To Support Rollout Of Nuclear Fusion Energy...

The United Kingdom will start work to create a regulatory framework for supporting research and development of nuclear fusion technology to enable the delivery of clean and safe energy...

 2021-06-01 20:00 

OilPrice.com

Lawmakers Are Firing Back At Fossil Fuel Divestors...

United States lawmakers are speaking out against pulling investments from fossil fuels, stating "if you divest from coal and oil, we divest from you."...

 2021-06-01 19:00 

OilPrice.com

Oil Prices Hit 2-Year High...

Oil prices hit the highest level in more than two years as OPEC+ agreed to maintain its production cut plans while gasoline demand climbed following Memorial Day weekend...

 2021-06-01 18:30 

OilPrice.com

Libya's Oil Sales Fell 36% In April As Production Declined...

Libya generated total revenues from oil sales worth US$1.31 billion in April, the country's National Oil Corporation (NOC) said on Tuesday in its regular update, which showed a 36-percent drop compared to March...

 2021-06-01 18:00 

OilPrice.com

Mumbai Gasoline Prices Now 2x More Expensive Than New York City...

Citizens of Mumbai now pay twice as much for gasoline as a citizen of New York City, Bloomberg has reported, with prices at the pump up 11 percent since the start of the year in India's most populous city...

 2021-06-01 17:00 

OilPrice.com

IEA Backpeddles, Says Oil Demand Will Soon Reach Pre-Crisis Levels...

IEA Director Fatih Birol said that global oil demand could return to the pre-crisis levels of 2019 as soon as in a year's time, and unless OPEC+ puts additional barrels on the market, oil prices could be heading higher...

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