• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 12 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 23 hours How Far Have We Really Gotten With Alternative Energy
  • 2 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Bankruptcy in the Industry
  • 3 days The United States produced more crude oil than any nation, at any time.
U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

Oil Moves Down on Crude Inventory Build

Oil Moves Down on Crude Inventory Build

Crude oil prices moved lower…

Energy / Crude Oil

U.S. Rig Count Rises Alongside Oil Prices

Jan 07, 2022 at 12:11 | Julianne Geiger

The number of active drilling rigs in the United States rose by 2 this week, keeping the total rig count at 588, as oil prices remain strong despite the fresh…

EOG Resources Bucks The Trend, Says It’s Ready To Boost Oil Production

Jan 07, 2022 at 08:21 | Irina Slav

EOG Resources, one of the largest operators in the U.S. shale patch, has signaled it would be willing to boost oil production if there is demand for it. In a…

Oil Jumps As Key Kazakhstan Oil Field Gets Hit By Protests

Jan 07, 2022 at 07:53 | Irina Slav

Crude oil jumped sharply on Thursday and remained high on Friday after reports that the protests in Kazakhstan had disrupted production at its biggest field, Tengiz. Brent crude was…

Goldman Sachs: Commodity Supercycle Could Last A Decade

Jan 06, 2022 at 14:34 | Tsvetana Paraskova

Oil prices could reach $95 if Iran doesn’t return to the market this year, while commodities overall are set for a supercycle that could potentially last a decade, according to…

Will The Permian Merger Mania Continue Into 2022?

Jan 06, 2022 at 11:39 | Irina Slav

The Permian shale play, the star of the shale patch, witnessed a hot merger and acquisition year in 2021 amid the pandemic as many companies sought to gain…

Saudi Arabia Cuts Oil Prices For Asia In February

Jan 06, 2022 at 10:49 | Tsvetana Paraskova

Saudi Arabia cut the prices of all the crude grades it will be selling to Asia in February to the lowest premium to regional benchmarks in three months, amid the…

Crude Prices Slip On Major Dip In U.S. Gasoline Demand

Jan 05, 2022 at 09:45 | Irina Slav

Crude oil prices fell slightly today after the Energy Information Administration reported an inventory decline of 2.1 million barrels for the final week of 2021. This compared with a draw…

The Biggest Challenge Facing Biden’s Electric Vehicle Infrastructure Plan

Jan 04, 2022 at 14:25 | Robert Rapier

Last month the Biden administration released a plan to build a network of 500,000 electric vehicle charging stations across the country. President Biden…

OPEC+ Continues To Struggle To Produce As Much As Quotas Allow

Jan 04, 2022 at 10:18 | Tsvetana Paraskova

The OPEC+ group continues to deliver lower supply increases than the monthly production quotas, according to the alliance’s estimates of compliance with the November crude oil output quotas. In November…

How Iran Could Trigger The Next 10 Percent Drop In Oil Prices

Jan 03, 2022 at 15:07 | Simon Watkins

Given ongoing high and steady sales of crude oil to China and other Asian countries and the likelihood of a new iteration of the Joint Comprehensive Plan of Action…

OPEC+ Sees Smaller Oil Market Surplus In Q1

Jan 03, 2022 at 09:45 | Tsvetana Paraskova

OPEC+ expects the surplus on the oil market in the first quarter of 2022 to be 1.4 million barrels per day (bpd), or some 25 percent lower than it forecast…

Russia May Be Nearing Limit Of Oil Output Capacity

Jan 03, 2022 at 09:14 | Irina Slav

Russia may be nearing the limit of its oil production capacity, according to recent media reports. Bloomberg reported that the country's December oil and condensate output together totaled 10.903…

OPEC+ Expects Mild Impact From Omicron On Oil Markets

Jan 03, 2022 at 08:43 | Irina Slav

OPEC+ expects the effect of the Omicron variant of the coronavirus on oil prices to be mild and temporary, Reuters reported, citing a technical report by the group. "The…

Fossil Fuel Financing Under Pressure As Wall Street Caves To ESG Demands

Dec 31, 2021 at 09:58 | Tsvetana Paraskova

Most U.S. oil and gas firms expect to raise their capital expenditures next year, as analysts have largely forecast in recent months. Yet, capital available to the industry…

2022 Could Be A Great Year For OPEC+ Producers

Dec 30, 2021 at 09:16 | Irina Slav

OPEC+ did some surprising things in the past two years. First, it broke up at the start of the pandemic with its two leaders—Saudi Arabia and Russia—turning on…

Activists Demand An Immediate End To Oil Production

Dec 30, 2021 at 09:13 | Irina Slav

Europe may be in the grips of an energy shortage and forced to reopen retired coal plants to cope but climate activists insist that it is time to…

U.S. Oil Industry Warns Of Sharply Higher Costs

Dec 30, 2021 at 08:45 | Irina Slav

The U.S. oil industry is facing a sharp increase in production costs, the Dallas Fed energy survey’s latest edition has revealed. The survey found that while activity in the…

How Biden’s Energy Agenda Could Send Oil To $100

Dec 29, 2021 at 15:08 | Julianne Geiger

Some in the oil industry fear that oil prices may again return to the $100 mark, with President Joe Biden’s anti-fossil fuel stance and aggressive green agenda threatening…

3 North American Stocks To Capitalize On Higher Oil Prices

Dec 29, 2021 at 11:59 | Alex Kimani

The energy sector is increasingly looking to end the year on a high note after U.S. crude oil managed to overcome an early…

Oil Perks Up With Another Crude Inventory Draw

Dec 29, 2021 at 09:42 | Julianne Geiger

Crude oil prices recovered on Wednesday morning despite word from the Energy Information Administration of an inventory draw of 3.6 million barrels for the week to December 24. At 420…

Oilprice - The No. 1 Source for Oil & Energy News