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 2021-05-24 19:00 

OilPrice.com

The IEA's Seven Pillars Of Decarbonization...

Last week the International Energy Agency (IEA) released a new report detailing the steps that would be required to get the world to net?zero carbon emissions, identifying seven pillars for achieving the goal...

 2021-05-24 18:30 

OilPrice.com

People Protest Over Lack Of Jobs In Gulf Oil Producer Oman...

People took to the streets in cities in Arab Gulf oil producer Oman this weekend and on Monday in protest over the poor economy and lack of jobs...

 2021-05-24 18:00 

OilPrice.com

Global Food Prices Soaring As Demand For Biofuels Continues To Climb...

Accelerating demand for renewable biodiesel fuels is directly responsible for a worrying increase in prices for a whole host of commodities such as corn, canola, palm oil and soybean oil...

 2021-05-24 17:00 

OilPrice.com

Top Five Oil Firms Saw Revenues Fall 31% In 2020...

The five largest oil and gas companies in the world saw their combined revenues drop by 30 percent last year, although they still generated more than $1 trillion in total revenues...

 2021-05-24 16:30 

OilPrice.com

Rising Saudi Exports Drive OPEC Shipments Increase In May...

The ten OPEC members bound by the OPEC+ production agreement have increased their collective crude oil exports by more than 1 million barrels per day (bpd) so far in May...

 2021-05-24 16:00 

OilPrice.com

Oil Rises On Demand Optimism...

Oil prices rose by 2 percent early on Monday, buoyed by market expectations that fuel demand globally is rising with the re-opening of major economies in Europe and higher travel numbers in the United States...

 2021-05-24 15:30 

OilPrice.com

Dakota Access To Remain In Operation, Judge Rules...

The Dakota Access crude oil pipeline will remain in operation while federal regulators conduct a new environmental analysis of the infrastructure...

 2021-05-24 15:00 

OilPrice.com

Goldman Sees $80 Oil This Year Despite Pending Iran Deal...

Goldman Sachs still expects crude oil to rise to $80 per barrel by the end of the year despite reports about progress on U.S.- Iranian talks about the lifting of sanctions...

 2021-05-24 14:30 

OilPrice.com

High Profile Merger Creates A New $17 Billion Shale Giant...

Cabot Oil & Gas Corporation and Cimarex Energy announced on Monday another merger in the U.S. shale patch in an all-stock merger of equals that would result in a company with a total enterprise value of around $17 billion...

 2021-05-24 14:00 

OilPrice.com

Oil Prices Rebound As Iranian Nuclear Deal Hits A Snag...

Oil prices rebounded from last week's Iran deal optimism-inspired rout, as a new potential...

 2021-05-23 21:00 

OilPrice.com

Can The U.S. Compete With Qatari LNG?...

The announcement that Qatar will be building the world's largest LNG facility is bad news for U.S. natural gas producers...

 2021-05-23 19:00 

OilPrice.com

Is It Possible To Have A Nuanced Discussion About The Energy Transition?...

The global energy transition has become a politically charged debate, but the world needs to step back and take a more considerate approach to the discussion...

 2021-05-23 17:00 

OilPrice.com

Did China Just Sound The Death Knell For Venezuela's Oil Industry?...

China has been one of a few customers keeping Venezuela's oil industry afloat, but a new tax law passed by Beijing could well be disastrous for the Latin American oil giant...

 2021-05-23 15:00 

OilPrice.com

Oil Companies Close The Taps As Fear Of Civil War Grows In Colombia...

Colombia is on the brink of civil war, and its oil industry is facing immense pressure as protests grapple the country...

 2021-05-22 23:00 

OilPrice.com

Will The World's Largest Oil Region Become A Hydrogen Hub?...

The hydrogen revolution is gaining momentum around the world, and the oil-dependent nations in the Middle East are determined to take advantage of it...

 2021-05-22 21:00 

OilPrice.com

Are The Risks Of Nuclear Energy Overblown?...

Nuclear energy often gets a bad wrap, but with technology and safety protocols continuing to become more sophisticated, the potential risks may be overblown...

 2021-05-22 19:00 

OilPrice.com

Aramco And Siemens Team Up To Take On Cybercrime...

Following the Colonial Pipeline cyber-attack, Siemens Energy, Aramco and the World Economic Forum is setting out to tackle the industry's security issues head on...

 2021-05-22 17:00 

OilPrice.com

Is This Russia's Most Peculiar Oil Deal?...

The recent acquisition of the Antipinsky refinery and several oil fields by company Rusinvest may seem like a normal deal, but why would a company with no exposure to oil and gas buy an indebted refinery?...

 2021-05-22 15:00 

OilPrice.com

The U.S. Oil And Gas Infrastructure Crisis May Be Worse Than Thought...

The U.S. oil and gas infrastructure crisis appears to be worse than originally thought, with the impact of the Texas storm earlier this year highlighting major problems...

 2021-05-21 20:30 

OilPrice.com

North Dakota Supreme Court Decides In Favor Of Oil Firms In Royalties Case...

The oil royalties which producers pay landowners should be calculated at the well, not at a higher price at some point downstream, the North Dakota Supreme Court said this week in a win for the oil industry...

 2021-05-21 19:30 

OilPrice.com

Gasoline Shortages Still Lingering Post-Colonial Pipeline Hack...

The gasoline shortages in America's Southeast are shrinking, but two weeks after the Colonial Pipeline went offline due to a hack, some drivers are still finding it hard to locate gasoline...

 2021-05-21 19:00 

OilPrice.com

Oil Stabilizes After Volatile Week...

Oil prices are on course for the largest weekly drop since March, although prices began to bounce back on Friday morning as optimism slowly returned to markets...

 2021-05-21 18:00 

OilPrice.com

Barclays: Reopening Economies Drive Oil Demand Higher...

Global oil demand is recovering with major economies reopening amid a cautious supply approach from OPEC+ and restraint in U.S. shale, Barclays said on Friday...

 2021-05-21 17:30 

OilPrice.com

California Requires Most Uber And Lyft Trips To Be Electric By 2030...

California adopted on Thursday a new regulation that requires rideshare companies such as Uber and Lyft to achieve zero greenhouse gas emissions and ensure 90 percent of their vehicle miles are fully electric by 2030...

 2021-05-21 17:11 

OilPrice.com

Rig Additions In U.S. Top 100 For 2021...

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 455—a more than 100-rig gain since the start of the year...

 2021-05-21 16:00 

OilPrice.com

Oil Prices: Few Tailwinds Until Driving Season Begins...

Crude oil prices are likely to remain sensitive to bearish news such as progress on the Iran nuclear deal with the United States and the latest on Covid-19 in Asia until at least the start of summer driving season in the United States and the opening up o...

 2021-05-21 15:30 

OilPrice.com

China Bans Teslas At Government Compounds...

Chinese authorities have banned government employees with Teslas from parking them inside government compounds...

 2021-05-21 15:00 

OilPrice.com

Oil Headed For Biggest Weekly Drop Since March...

Following three days of losses, oil prices rebounded early on Friday amid fuel demand recovery in the U.S. and Europe, but they were still set for a weekly drop of around 4 percent, which would be the steepest weekly decline since March...

 2021-05-21 14:30 

OilPrice.com

Tanzania, Uganda Finalize Oil Pipeline Deal...

Tanzania and Uganda have signed a fifth and final government agreement that will greenlight the construction of a $3.5-billion pipeline that will carry crude pumped in western Uganda to the coast of Tanzania and international markets...

 2021-05-21 14:00 

OilPrice.com

OPEC Slams IEA's Net-Zero Report As 'Destabilizing'...

An internal OPEC report slams the IEA's Net-Zero plan as a source of instability and volatility in the oil markets...

 2021-05-21 14:00 

OilPrice.com

Six-Year High Margins Prompt U.S. Refiners To Boost Gasoline Production...

The highest refining margins since 2015 as U.S. gasoline prices rise are a great incentive to American refiners to increase gasoline production...

 2021-05-21 00:00 

OilPrice.com

Is The IEA Report A Tipping Point For Oil Investing?...

The giant financial institutions that finance energy projects are increasingly betting on renewables in favor of hydrocarbons, and a tipping point is nearing...

 2021-05-20 23:00 

OilPrice.com

Google, Amazon And Netflix Are Scrambling for This Rare Gas...

Big Tech's most critical resource may be facing a supply squeeze, and it could send the prices of this rare gas into the stratosphere...

 2021-05-20 22:30 

OilPrice.com

UAE: Oil Demand Has Already Increased To 95 Million Bpd...

Oil demand has already increased to 95 million barrels per day (bpd), and the market is rebalancing, according to the chief executive of the Abu Dhabi National Oil Company (ADNOC), Sultan Ahmed Al Jaber...

 2021-05-20 22:00 

OilPrice.com

U.S. Shale Is Finally Giving Shareholders A Payday...

U.S. shale producers are sticking to their promises to cap production growth and return more cash to shareholders as some of them have reached record free cash flows in Q1 2021...

 2021-05-20 21:00 

OilPrice.com

Oil Demand Set To Surge As Travel Picks Up...

As more people get vaccinated and more countries open up, demand for gasoline, diesel, and jet fuel is finally picking up...

 2021-05-20 20:30 

OilPrice.com

Oil Demand Is Rebounding Fast In Europe...

Traffic on Europe's highways and in the biggest cities has been rising in recent weeks as economies reopen, suggesting a rebound in road transportation fuel demand...

 2021-05-20 20:00 

OilPrice.com

There Is Light At The End Of The Tunnel For Argentina's Oil Industry...

Argentina's oil industry has had a very difficult few years, but after averting yet another crisis in April its economically vital oil sector is finally set for growth...

 2021-05-20 19:00 

OilPrice.com

The $87 Billion Chinese Car Maker That Hasn't Sold A Single Car...

China's Evergrande Auto has a huge $87 billion market cap, and hopes to seize a large part of the global EV market, but thus far it hasn't managed to sell a single car...

 2021-05-20 18:00 

OilPrice.com

The Four Biggest Threats To U.S. Energy Independence...

The United States is quickly finding itself falling behind in the energy race, and it is facing four distinct challenges that could very well derail its energy independence ambitions...

 2021-05-20 17:30 

OilPrice.com

Saudi Arabia Beats Russia Again To Top Chinese Oil Supplier Spot...

Saudi Arabia kept its status as China's top oil supplier in April, beating Russia for the eighth month in a row as the world's largest oil buyer imported the lowest crude volumes since December...

 2021-05-20 17:00 

OilPrice.com

Colombia's Oil Industry Is Desperate For Protests To End...

The ongoing protests in Colombia are beginning to have a significant impact on the nations oil and gas industry, with roadblocks and transport restrictions hurting production...

 2021-05-20 16:30 

OilPrice.com

Iran: "Main Agreement" On Lifting Of U.S. Sanctions Reached...

Global powers taking part in the indirect U.S.-Iranian talks on a return to the nuclear agreement have accepted that the U.S. sanctions on Iran, including on its oil exports, will be removed, Iranian President Hassan Rouhani was quoted as saying on Thursd...

 2021-05-20 15:30 

OilPrice.com

Qatar Cuts LNG Prices And Expands Into Asian Spot Market...

Qatar is cutting prices for its gas and expanding into the Asian spot market as it seeks to maintain its number-one position in exports of liquefied natural gas...

 2021-05-20 15:15 

OilPrice.com

Oil Prices Fall As Iran Claims Sanctions Will Be Lifted...

Oil prices dropped again early on Thursday after Iran's president said that the world powers had accepted during the latest round of talks that sanctions against Iran would be lifted...

 2021-05-20 15:00 

OilPrice.com

Asia's Physical Oil Market Strengthens In Sign Of Rising Demand...

China and Japan have recently intensified purchases of crude oil on the spot market, driving spot premiums for some grades to their highest in several months and signaling that Asia's physical demand for crude is rising...

 2021-05-20 14:30 

OilPrice.com

U.S. Waives Nord Stream 2 Sanctions...

In a somewhat surprising turn of events, Washington said it would waive sanctions about to be imposed on Germany-registered Nord Stream 2 AG...

 2021-05-20 14:00 

OilPrice.com

Energy Transition Threatens $14 Trillion In Oil And Gas Assets...

The energy transition is putting as much as $14 trillion worth of oil and gas assets at risk, Wood Mackenzie said today...

 2021-05-20 00:00 

OilPrice.com

The IEA May Have Given OPEC A Huge Gift...

With its call for the end of all new oil exploration the IEA may have given OPEC a huge gift...

 2021-05-19 23:30 

OilPrice.com

Asia Largely Dismisses IEA's Bombshell Anti-Oil Report...

Asian energy leaders have dismissed the International Energy Agency's net-zero carbon report, saying there are many paths to reaching net-zero...

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