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OPEC+ Rules in an Increasingly Tight Oil Market

OPEC+ Rules in an Increasingly Tight Oil Market

The market is growing increasingly…

The EU Allows Members to Ban Russian LNG as Imports Climb

The EU Allows Members to Ban Russian LNG as Imports Climb

The European Parliament approved rules…

Energy

Merger Mania Is Over: Oil Deals To See Quietest Year In Decades

Aug 23, 2021 at 10:39 | Alex Kimani

ir Winston Churchill once admonished leaders to never let a good crisis go to waste, and Big Oil has rarely failed to heed the advice. Under normal circumstances,…

Why South America Is Big Oil’s New Favorite Continent

Aug 23, 2021 at 10:31 | Matthew Smith

South America continues to feature prominently among petroleum industry headlines. Offshore Brazil and Guyana have become the focal point of what is shaping up to be the continent’s…

Brazil Could Provide A Quarter Of The World’s Offshore Oil In 4 Years

Aug 23, 2021 at 10:27 | Felicity Bradstock

As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big…

How Will The Taliban Finance Afghanistan?

Aug 23, 2021 at 10:25 | Safehaven.com

Once the excitement of taking over a country settles, such as checking out the presidential gym and enjoying some fun on bumper cars,…

Will Activist Investors Succeed In Transforming ExxonMobil?

Aug 23, 2021 at 10:23 | Leonard Hyman & William Tilles

As Oil Price readers know, the tiny activist hedge fund, Engine No. 1, challenged management and won three seats on Exxon’s board of directors back in late May.…

China’s Big Oil To Exploit Core Strengths In Decarbonization

Aug 23, 2021 at 10:21 | Vanand Meliksetian

The Chinese economic miracle has succeeded in lifting millions out of poverty and transforming the geopolitical landscape. The country’s rapid industrialization has accelerated climate change as emissions have…

Iran's Mega Gas Find Could Become Major Supply Source For EU

Aug 23, 2021 at 09:58 | Irina Slav

A new natural gas find in the Iranian section of the Caspian Sea could turn the country into a major supplier to Europe, the Tehran Times reported today, citing…

Merkel: Europe Will No Longer Need Russian Gas In 25 Years

Aug 23, 2021 at 08:12 | Irina Slav

Europe will no longer need Russian gas in twenty-five years, German Chancellor Angela Merkel said at a meeting with Ukraine's president, Vladimir Zelenski. "Europe will need to achieve climatic neutrality…

Oil Rebounds 3% After Seven-Day Losing Streak

Aug 23, 2021 at 07:49 | Tsvetana Paraskova

Oil prices jumped 3% early on Monday, snapping the longest losing streak since 2019 of seven consecutive settlements in the red, as investor risk appetite increased and the U.S. dollar…

Big Oil Looks To Woo Investors Back With Massive Dividends

Aug 20, 2021 at 14:52 | Alex Kimani

Big Oil is coming off yet another blockbuster season, posting the second consecutive quarter of stellar top-and-bottom line growth. According to the latest FactSet data, the energy sector's Q2…

Will Big Oil Use High Oil Prices To Go Green?

Aug 20, 2021 at 13:33 | Irina Slav

Estimate-beating profits and solid cash positions were marks of the first half of the year for Big Oil majors and for their smaller rivals, too. A strong rebound…

Biofuel Feedstock Shortage Hinders Green Shipping Ambitions

Aug 20, 2021 at 13:28 | Tsvetana Paraskova

The world’s largest shipping company, A.P. Moller Maersk A/S, aims to have net-zero carbon dioxide emissions from its own ocean operations by 2050 as the industry responsible for…

Nord Stream 2 Could Crush European Natural Gas Prices

Aug 20, 2021 at 13:23 | ZeroHedge

We recently wrote about Europe's soaring, record gas prices as Russian nat gas supplies have been suspiciously low, amid growing concerns about Europe's…

China Wants Huge New Green Hydrogen Plant Operational In 2023

Aug 20, 2021 at 13:01 | Felicity Bradstock

China offers promise for clean energy in a world dominated by fossil fuel-driven hydrogen projects through its new green hydrogen mega-plant. China is planning a huge…

Japan’s Strategic Plan For LNG May Be Unrealistic

Aug 20, 2021 at 12:53 | Rystad Energy

Japan’s recent revision to its Strategic Energy Plan (SEP) lowers the targeted share of liquefied natural gas (LNG) in the country’s power generation mix in 2030 to 20%…

Russia Has Big Plans For Arctic Oil

Aug 20, 2021 at 12:48 | Haley Zaremba

Russia seems intent on selling the world’s very last barrel of oil. As other energy superpowers and petro-states around the world scramble to diversify their economies and establish…

Tesla’s Latest Tech Aims To Kill Boring Jobs For Good

Aug 20, 2021 at 12:44 | ZeroHedge

Just when you thought you would never belly laugh harder than when Elon Musk decided to demonstrate the Cybertruck's shatterproof windows, along comes AI Day 2021 - a…

U.S. Rig Count Ticks Higher Amid Oil Price Slide

Aug 20, 2021 at 12:11 | Julianne Geiger

The number of oil and gas rigs in the United States rose by 3 this week, according to Baker Hughes—after rising by 9 last week. The total rig count is…

U.S. Large-Scale Battery Storage Capacity Is Booming

Aug 20, 2021 at 11:04 | Tsvetana Paraskova

Large-scale battery power capacity in the United States jumped by 35 percent last year to reach 1,650 megawatts (MW), and the significant growth of the past few years is set…

The Oil Price Collapse Continues

Aug 20, 2021 at 10:44 | Michael Kern

As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down.

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