• 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
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days The United States produced more crude oil than any nation, at any time.
  • 5 mins Could Someone Give Me Insights on the Future of Renewable Energy?
  • 3 hours How Far Have We Really Gotten With Alternative Energy
The Oil Price Rally Has Stalled... For Now.

The Oil Price Rally Has Stalled... For Now.

Oil prices have been climbing…

Shell Considers Leaving London Stock Exchange

Shell Considers Leaving London Stock Exchange

Shell's CEO has expressed dissatisfaction…

Coal Continues to Thrive Despite Pledges for Clean Energy

Coal Continues to Thrive Despite Pledges for Clean Energy

Despite global commitments to clean…

Energy

Kuwait Looks At Huge Wealth Fund To Move Beyond Oil

Jul 14, 2021 at 13:45 | Felicity Bradstock

Kuwait’s life-after-oil fund may have become one of the world’s biggest sovereign wealth funds thanks to the country’s healthy oil industry, as it continues to prepare for a…

Why The U.S. Is Desperate To Secure Influence In Oman

Jul 14, 2021 at 13:41 | Simon Watkins

Someone in the White House seems to have stumbled upon an atlas, seen where Oman is located, and worked out how crucial it is in the Middle East’s…

China's New Carbon Market Doubles Share Of World Emission Trading

Jul 14, 2021 at 13:27 | Tsvetana Paraskova

China, the world's largest polluter, is set to launch its nationwide emissions-trading system on Friday, sources with knowledge of the plans told The Wall Street Journal on Wednesday. China's…

How Venezuela's Oil Crisis Triggered Mass Protests In Cuba

Jul 14, 2021 at 12:59 | Tsvetana Paraskova

Cuba has seen in recent days the biggest protests in decades as thousands of people took to the streets in the Communist-run country…

EIA Inventory Report Sends Oil Prices Higher

Jul 14, 2021 at 10:34 | Irina Slav

Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report…

Oil Stabilizes After Saudi-UAE Compromise Removes Major Uncertainty

Jul 14, 2021 at 10:05 | Tsvetana Paraskova

Oil prices steadied on Wednesday morning before the EIA inventory report after a reported compromise between Saudi Arabia and the UAE over baseline production levels removed a major uncertainty that…

Oil Falls As Saudi Arabia And UAE Compromise On Deal

Jul 14, 2021 at 08:45 | Tsvetana Paraskova

Saudi Arabia and the United Arab Emirates (UAE) have resolved their nearly two-week-long standoff over baseline production levels that was blocking a unanimous OPEC+ deal on oil supply, a delegate…

The Refining Industry Is Struggling To Adapt To The Future

Jul 13, 2021 at 12:45 | Tsvetana Paraskova

The upstream oil and gas business is recovering from one of the worst slumps in recent memory as oil prices sit at around $75 per barrel and global…

Oil Price Volatility Spikes On OPEC+ Uncertainty

Jul 13, 2021 at 12:30 | Josh Owens

Growing uncertainty over the OPEC+ agreement and warnings from the IEA of another oil price war has caused volatility in oil markets to spike.

Oil Has Become The Hottest Commodity On Wall Street

Jul 13, 2021 at 12:17 | Irina Slav

Crude oil has been having a great 2021 so far—a very different situation to last year’s when the pandemic devastated demand for all commodities fueling a price rout…

Alaska’s Most Important Pipeline Faces An Existential Threat

Jul 13, 2021 at 12:15 | Felicity Bradstock

An area of thawing permafrost is threatening a stretch of a major Alaskan pipeline as the structure experiences damages from the changing weather.An 810-foot…

World’s Recoverable Oil Resources Shrinks By 9%

Jul 13, 2021 at 12:14 | Rystad Energy

Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the…

A Zero-Cost Solution For The Oil Industry’s Methane Problem

Jul 13, 2021 at 11:57 | Haley Zaremba

As the spread of the novel coronavirus disrupted industries around the world, the rate of global greenhouse gas emissions took a big dip. BP’s annual

China Oil Imports Fall To Lowest In 2021

Jul 13, 2021 at 11:40 | Irina Slav

China’s crude oil imports fell to some 9.77 million barrels daily last month, down 2 percent on May and the lowest monthly level since the start of the year, Reuters…

Permian To Drive U.S. Shale Production Increase In August

Jul 13, 2021 at 10:23 | Charles Kennedy

U.S. shale oil production will increase by a modest 42,000 bpd in August, according to the Energy Information Administration. In its latest Drilling Productivity Report, the EIA forecast that…

Why Saudi Arabia Is Likely To Win The OPEC+ Standoff

Jul 13, 2021 at 09:41 | Irina Slav

OPEC+ could take until August to decide whether to adjust production baselines, Arab News reported, citing JP Morgan analyst Christian Malek. According to Malek, the oil cartel could take…

The IEA Warns Of Another Oil Price War

Jul 13, 2021 at 09:02 | Tsvetana Paraskova

The oil market has been on edge for a week now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said on…

Huge Dividend Cripples World’s Largest Oil Company

Jul 12, 2021 at 16:09 | Simon Watkins

The transformation of Saudi Arabia’s flagship asset, Aramco, from perpetual cash-generation machine into a debt-laden giant is set to pick up pace in the coming weeks with a…

High Oil Prices Threaten The Global Economic Recovery

Jul 12, 2021 at 16:05 | Tsvetana Paraskova

Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in…

The Ongoing Transformation Of ‘Big Oil’

Jul 12, 2021 at 16:03 | Irina Slav

When last year BP vowed to reduce its oil and gas output by 40 percent by 2030 as it shifts to renewable energy, it came as…

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