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 2021-08-27 20:30 

OilPrice.com

Libyan Firm Stops Oil Production On Lack Of Funds...

The Arabian Gulf Oil Company, a subsidiary of Libya's National Oil Corporation (NOC), has suspended oil production for lack of money...

 2021-08-27 19:00 

OilPrice.com

Oil Stages Strong Recovery...

With fundamentals largely remaining the same as they were last week, oil prices nevertheless are poised to post sizable gains...

 2021-08-27 18:00 

OilPrice.com

Fujairah Oil Terminal To Upgrade As Crude Trade Is Expected To Surge...

The Fujairah Oil Terminal (FOT) is upgrading its infrastructure to link the storage site with a key crude pipeline and the terminal for supertankers at the Port of Fujairah, in order to meet an expected boom in crude oil trading...

 2021-08-27 17:11 

OilPrice.com

U.S. Rigs Inch Higher As Prices Recover...

The U.S. oil and gas rig count saw a small increase this week as drillers were encouraged by recovering crude prices...

 2021-08-27 16:30 

OilPrice.com

EPA Proposes Biofuel Mandate Cut In Win For Oil Refiners...

The Environmental Protection Agency has proposed a retroactive reduction in biofuel mandates, effective 2020, in very welcome news to oil refiners who have been complaining of the costly mandates...

 2021-08-27 16:00 

OilPrice.com

Texas May Soon Get A New Electricity Supplier: Tesla...

Texas may soon get one more electricity supplier after Tesla filed an application with the state's Public Utility Commission to sell power directly to consumers...

 2021-08-27 15:30 

OilPrice.com

Woodside: Gulf Of Mexico Has Solid Growth Potential...

Woodside Petroleum Chief Executive Meg O'Neill sees major potential in the company's recently acquired Gulf of Mexico assets...

 2021-08-27 15:00 

OilPrice.com

Mexico's Pemex Struggles To Restore Oil Output Lost After Fatal Fire...

Mexico's state-owned oil firm Pemex has restored part of the oil production suspended after Sunday's fatal fire that killed seven people, but the pace of output recovery could be slower than expected...

 2021-08-27 14:30 

OilPrice.com

Oil Firms Evacuate Gulf Of Mexico Platforms Ahead Of Hurricane Ida...

The biggest oil producers in the U.S. Gulf of Mexico started evacuating offshore platform workers on Thursday and some shut in oil and gas production ahead of tropical storm Ida...

 2021-08-27 13:00 

OilPrice.com

Oil Set For Largest Weekly Gain Since October...

Oil prices rose early on Friday and were on course to post their biggest weekly gain since October last year...

 2021-08-27 00:00 

OilPrice.com

The Future Of Oil Is Offshore...

From Brazil to its neighbors in the north, Guyana and Suriname, Latin America's offshore industry has exploded, and it could be a sign of things to come...

 2021-08-26 23:00 

OilPrice.com

Which U.S. States Are Most Dependent On Fossil Fuels?...

Though the United States is making major progress towards the adoption of renewables, as much as 80% of energy consumption in the country still comes from fossil fuels...

 2021-08-26 22:00 

OilPrice.com

Could Biden's Fuel Efficiency Plan Split The Left?...

President Joe Biden's fuel efficiency standards could threaten the administration's ability to pass further climate change regulation as democratic allies protest...

 2021-08-26 21:00 

OilPrice.com

The Permian Is Set To Thrive Through 2025...

While the United States is betting big on a renewable future, the Permian Basin is looking as healthy as ever, and will continue to thrive for years to come...

 2021-08-26 20:30 

OilPrice.com

Oil Majors Interested In Buying India's Third-Largest Refiner BPCL...

Large oil companies from the Middle East and Russia are interested in joining the bids of U.S. investment funds for buying the majority stake in India's third-biggest oil refiner, Bharat Petroleum Corporation Limited...

 2021-08-26 20:00 

OilPrice.com

It's Only A Matter Of Time Before China Makes A Move On Afghanistan...

Afghanistan's untapped mineral wealth has been estimated to be worth over $1 trillion, and it's only a matter of time before China or Russia make a move...

 2021-08-26 19:30 

OilPrice.com

Climate Group Sues Oil Firm Over Net-Zero Claims In A World First...

The Australasian Centre for Corporate Responsibility (ACCR) filed on Thursday a lawsuit with the Federal Court of Australia, challenging claims of energy giant Santos that natural gas provides "clean energy" and questioning its net-zero targets...

 2021-08-26 19:00 

OilPrice.com

Alaska's Oil Industry May Be On Its Last Legs...

In yet another blow for Alaska's oil industry, a judge recently halted another project, adding to the devastating impact of the pandemic over the past year...

 2021-08-26 18:00 

OilPrice.com

India's Demand For Petrochemicals Set To Surge Tenfold By 2050...

According to CPMA president Kamal Nanavaty, India's demand for petrochemical products will double every nine years at an annual growth rate of 8 percent...

 2021-08-26 17:30 

OilPrice.com

Asset Manager: ESG Trend Raises Borrowing Costs For Oil Firms...

The environmental, social and governance trend, and investor concerns about company ESG performance have led to a spike in borrowing costs for oil companies as investors are increasingly pressured to cut exposure to fossil fuels...

 2021-08-26 17:00 

OilPrice.com

Iron-Air Batteries Could Be The Breakthrough Energy Markets Are Waiting For...

Energy storage costs have been falling during the last decade, but a new technological breakthrough is needed for energy storage to become mainstream, and scientists may have just found it...

 2021-08-26 16:30 

OilPrice.com

U.S. Signals Readiness To Compromise With Iran...

The United States is ready to make concessions on some "difficult issues" in the Iran nuclear talks, the lead U.S. negotiator in the talks, Robert Malley...

 2021-08-26 16:00 

OilPrice.com

Chinese Oil Major Sinopec Announces Oil, Gas Discovery...

China's state-owned oil and gas major Sinopec has struck oil and gas at a field in the northwestern province of Xinjiang...

 2021-08-26 15:30 

OilPrice.com

India To Boost LNG Import Capacity By 12%...

India is planning to expand its import capacity for liquefied natural gas by 12 percent by building a new floating import terminal in the western state of Gujarat...

 2021-08-26 15:00 

OilPrice.com

House Democrats Seek More Oil Drilling Bans...

Democrats on the House Natural Resources Committee are proposing more offshore drilling bans and higher fees and royalty charges on the oil and gas industry to raise funds for wildlife conservation efforts...

 2021-08-26 14:30 

OilPrice.com

Line 3 Opponents Rally In Minnesota...

Protesters gathered in front of the Minnesota State Capitol a day after the state's Supreme Court allowed construction on the Enbridge Line 3 oil pipeline to proceed, calling on the Minnesota governor and President Joe Biden to stop the project...

 2021-08-26 14:00 

OilPrice.com

BP Spins Off Operations Of Iraq's Largest Oilfield...

BP is spinning off its assets in Iraq by setting up a joint venture with PetroChina which will manage Iraq's largest oilfield Rumaila as the UK-based supermajor is looking to invest more in low-carbon energy sources...

 2021-08-26 00:00 

OilPrice.com

Oil's Comeback Is Lifting Commodity Prices...

Crude prices are soaring along with other commodities this week as traders show themselves less concerned about the covid-19 situation in Asian markets...

 2021-08-25 23:00 

OilPrice.com

LNG's Position As A Bridge Fuel Remains Strong...

Tightening supply and rising demand reinforces LNG as a global bridge fuel amid the energy transition...

 2021-08-25 22:30 

OilPrice.com

U.S. Clean Energy Sector Welcomes $3.5 Trillion Budget Deal...

U.S. clean energy associations hailed the House's vote on Tuesday to approve a budget resolution to advance the $3.5 trillion Congressional budget deal...

 2021-08-25 22:00 

OilPrice.com

Frackers See Light At The End Of The Tunnel In Oil Markets...

Global oil demand and drilling activity is picking up, with oilfield services reporting major wins in second-quarter earnings...

 2021-08-25 21:30 

OilPrice.com

Power Sector Emissions Soar As Electricity Demand Rebounds...

Global emissions from power generation bounced back above pre-pandemic levels as the growth in clean power generation wasn't enough to meet soaring electricity demand...

 2021-08-25 21:00 

OilPrice.com

Could Venezuela Become Latin America's Afghanistan?...

With U.S. influence in Latin America slowly eroding, Venezuela's collapse is growing more and more probable by the day...

 2021-08-25 20:30 

OilPrice.com

Court: Nord Stream 2 Gas Pipeline Not Exempt From EU Rules...

The Nord Stream 2 gas pipeline from Russia to Germany will have to obey European Union regulations that separate owners of the pipelines from suppliers of gas according to a German court...

 2021-08-25 20:00 

OilPrice.com

Middle East Security Concerns Could Threaten The Global Economy...

Attacks on ships in the Gulf of Oman and the Strait of Hormuz have been increasing in recent years, and it could have a significant impact on the global economy...

 2021-08-25 19:30 

OilPrice.com

Will Russia Emerge As A Dominant Influence In Central Asia?...

The withdrawal of foreign forces from Afghanistan could have a lasting impact on the geopolitical landscape of Central Asia...

 2021-08-25 19:00 

OilPrice.com

Merkel Criticizes Russia's Weaponization Of Natural Gas...

German Chancellor Angela Merkel is facing a bit of a predicament, attempting to balance Germany's need for natural gas with her position on Crimea's annexation...

 2021-08-25 18:30 

OilPrice.com

Nearby Planetary System Could Spark A New Space Race...

Astronomers have just discovered a nearby planetary system that may have the right conditions to host life...

 2021-08-25 18:00 

OilPrice.com

80% Of Afghanistan's Budget Has Disappeared Overnight...

Nations across the globe are acting swiftly and efficiently to pull funding from the Taliban following the takeover of Afghanistan, and the country's citizens will pay the price...

 2021-08-25 17:30 

OilPrice.com

Shipping Giant Maersk Buys 8 Zero-Carbon Tankers...

Shipping giant Maersk is following through with its net-zero commitment, buying eight new carbon-neutral tankers...

 2021-08-25 16:30 

OilPrice.com

Saudi Arabia And Russia Sign New Military Agreement...

The world's largest arms importer has just signed a major military agreement with the world's second-largest weapons exporter...

 2021-08-25 16:00 

OilPrice.com

China And Russia Are Ready To Take Advantage Of Afghanistan's Mineral Wealth...

With the Taliban returning to power in Kabul, China and Russia are ready to take advantage of Afghanistan's vast mineral wealth...

 2021-08-25 15:30 

OilPrice.com

Enbridge Scores Major Pipeline Victory...

The Minnesota Supreme Court gave Enbridge's Line 3 oil pipeline project a major win after declining to hear an appeal filed by opponents...

 2021-08-25 15:00 

OilPrice.com

China Announces Major Shale Oil Discovery...

China has just announced a major shale oilfield discovery, with expected reserves of as much as 1.27 billion tons of oil...

 2021-08-25 14:37 

OilPrice.com

Oil Ticks Higher On Crude Inventory Draw...

WTI crude prices ticked higher on Wednesday morning after the EIA reported a slightly larger-than-expected crude inventory draw...

 2021-08-25 14:30 

OilPrice.com

Biden Administration To Resume Oil Leasing On Federal Land...

The Biden administration is looking to review oil and gas regulations, potentially lifting bans on leasing on federal lands...

 2021-08-25 13:30 

OilPrice.com

Asia's Appetite For U.S. Sour Crude Grows Amid Falling Prices...

Refiners in Asia are looking to buy more U.S. sour crude as the Mars grade's premiums over the Dubai benchmark fell to a two-week low...

 2021-08-25 13:30 

OilPrice.com

Oil Prices Flat As Mexico Looks To Restore Production...

Mexico's state-owned Pemex has begun restoring oil production lost due to a fire that erupted on an offshore platform over the weekend...

 2021-08-25 00:00 

OilPrice.com

All-Electric Future Comes At A Huge Cost...

The global push to "electrify everything" is facing a number of challenges, and it will come at a high cost to both consumers and governments alike...

 2021-08-24 23:00 

OilPrice.com

Why Pfizer's FDA Approval Has Been A Boon For Oil Prices...

Oil prices are showing signs of recovery following the approval of Pfizer's COVID-19 vaccine by the Food and Drug Administration...

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