• 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
  • 21 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Could Someone Give Me Insights on the Future of Renewable Energy?
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 3 hours e-truck insanity
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 5 days Bankruptcy in the Industry
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days The United States produced more crude oil than any nation, at any time.
Weak Diesel Prices Reflect Global Economic Slowdown

Weak Diesel Prices Reflect Global Economic Slowdown

Diesel fuel production has ramped…

Texas Deepwater Oil Export Projects Stall

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore…

News

Brazil Considers Full Privatization Of Oil Giant Petrobras

Brazil Considers Full Privatization Of Oil Giant Petrobras

May 12, 2022 at 10:00 | Irina Slav

The new energy minister of Brazil will study the option of privatizing state oil giant Petrobras, he said in his first news conference. "I request the beginning of the studies…

Siemens Is Leaving Russia After 170 Years

Siemens Is Leaving Russia After 170 Years

May 12, 2022 at 09:59 | City A.M

Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years. Following…

India Looks To Import More LNG Amid Rising Demand

India Looks To Import More LNG Amid Rising Demand

May 12, 2022 at 09:52 | Charles Kennedy

Gas demand from households in cities and from the transportation sector in India is currently outpacing supply, which has prompted the government to mandate state-held GAIL (India) Limited to import…

More European Buyers Prepare For Russian Gas Payments In Rubles

More European Buyers Prepare For Russian Gas Payments In Rubles

May 12, 2022 at 09:21 | Tsvetana Paraskova

Ten more European buyers of Russian gas have opened accounts at Russia's Gazprombank, designated by Vladimir Putin to process the ruble-for-gas payments that he demands from now on, a source…

IEA Warns Renewables Power Growth Will Lose Momentum In 2023

IEA Warns Renewables Power Growth Will Lose Momentum In 2023

May 12, 2022 at 08:40 | Tsvetana Paraskova

Renewable power capacity additions are set to remain stable next year compared to 2022 unless new and stronger policies are adopted soon, the International Energy Agency (IEA) said in a…

Washington Cancels Alaska Oil, Gas Lease Sale

Washington Cancels Alaska Oil, Gas Lease Sale

May 12, 2022 at 08:22 | Charles Kennedy

The Department of the Interior has canceled a lease sale in Alaska that would have opened up some 1 million acres to drilling, citing a lack of interest from the…

Italian PM Draghi Now Supports Ruble Payment Scheme for Russian Gas

Italian PM Draghi Now Supports Ruble Payment Scheme for Russian Gas

May 11, 2022 at 17:36 | Charles Kennedy

As the European Union warns companies against paying for Russian gas in rubles, Italy’s prime minister has stated the opposite, saying that European companies are free to pay…

Russia Sanctions European Gazprom Units In Retaliation

Russia Sanctions European Gazprom Units In Retaliation

May 11, 2022 at 17:07 | Charles Kennedy

As the European Union hits a wall with its Russian oil embargo and backtracks on some sanctions, Russia has imposed its own sanctions on EuRoPol Gaz S.A., which…

Asian Refinery Restarts After Two-Year Hiatus

Asian Refinery Restarts After Two-Year Hiatus

May 11, 2022 at 13:39 | Charles Kennedy

An Asian refinery co-owned by Saudi oil giant Aramco has resumed crude processing for the first time since closing after a deadly fire in 2020, sources familiar with the operations…

Italy’s PM Suggests Forming Oil Buyer Cartel With U.S.

Italy’s PM Suggests Forming Oil Buyer Cartel With U.S.

May 11, 2022 at 12:12 | Julianne Geiger

Italy’s Prime Minister Mario Draghi has suggested after a meeting with U.S. President Joe Biden this week that oil consumers unite to form a cartel with the goal of capping…

Libya Eyes Offshore Oil Expansion Amid Onshore Force Majeure

Libya Eyes Offshore Oil Expansion Amid Onshore Force Majeure

May 11, 2022 at 12:02 | Charles Kennedy

Libya is planning to push a key offshore oil and gas project led by Italian Eni and Libya’s National Oil Company (NOC) in a move that could shift…

EU Plan To Ditch Russian Gas May Cost $214 Billion More Than Planned

EU Plan To Ditch Russian Gas May Cost $214 Billion More Than Planned

May 11, 2022 at 10:26 | Tsvetana Paraskova

The European Union’s current plan for eliminating its reliance on Russian gas by replacing it with gas from other sources could cost the bloc up to $214 billion more than…

Libya’s Oilfields Could Be Reopening Soon

Libya’s Oilfields Could Be Reopening Soon

May 11, 2022 at 09:53 | Tsvetana Paraskova

Libya’s oilfields are expected to reopen soon, after militias have agreed to lift the siege on oil facilities, Parliament-backed Libyan Prime Minister Fathi Bashagha, who was elected in February,

UK To Investigate Major Steel Producer “Threatening” Ukraine Stability

UK To Investigate Major Steel Producer “Threatening” Ukraine Stability

May 11, 2022 at 09:41 | Metal Miner

The UK government recently announced an asset freeze on London-headquartered metal and mining group Evraz. Authorities claim that Evraz is receiving benefits or…

EU Considers Dropping Environmental Regulation For Renewables

EU Considers Dropping Environmental Regulation For Renewables

May 11, 2022 at 09:14 | Irina Slav

The European Union is considering relaxing environmental regulations for wind and solar projects so new capacity can be added more quickly, the Financial Times has reported, citing documents produced…

Kuwait Follows Saudis In Slashing Oil Prices For Asia

Kuwait Follows Saudis In Slashing Oil Prices For Asia

May 11, 2022 at 08:42 | Irina Slav

Kuwait has become the second-largest OPEC member to cut its prices for Asia this month after Saudi Arabia cut its export prices for the first time in four months. Per…

EIA Sees Brent Crude At $107 In Q2 2022

EIA Sees Brent Crude At $107 In Q2 2022

May 10, 2022 at 18:00 | Julianne Geiger

The Energy Information Administration sees Brent crude oil prices averaging $107 per barrel in the second quarter this year, according to the latest Short Term Energy Outlook published on…

Oil Prices Fall On Rising Crude, Product Inventories

Oil Prices Fall On Rising Crude, Product Inventories

May 10, 2022 at 15:49 | Julianne Geiger

The American Petroleum Institute (API) reported a build this week for crude oil of 1.618 million barrels, compared to analyst predictions of a 1.2 million barrel draw. U.S. crude inventories…

Russian Gas Flows To Europe Via Ukraine To Stop Wednesday

Russian Gas Flows To Europe Via Ukraine To Stop Wednesday

May 10, 2022 at 13:15 | Julianne Geiger

Russian gas headed to Europe through Ukraine will stop flowing on Wednesday, Ukraine’s Gas Transmission System Operator (GTSOU) said on Tuesday. The flows will stop at 7 a.m. local time…

Oil Prices Go For Wild Ride On Heightened Volatility

Oil Prices Go For Wild Ride On Heightened Volatility

May 10, 2022 at 12:47 | Julianne Geiger

Crude oil prices remain exceptionally volatile on Tuesday, with WTI fluctuating between sub-$100 and nearly $104 per barrel after sinking from more than $110 on Monday as bearish and bullish…

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