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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Why Morgan Stanley Says to Buy Energy Stocks Right Now

Why Morgan Stanley Says to Buy Energy Stocks Right Now

Morgan Stanley remains pessimistic about…

The SEC’s Climate Rule Sparks Battleground Debate

The SEC’s Climate Rule Sparks Battleground Debate

The SEC's Climate Disclosure Rule…

News

IEA: Global Oil Inventories Rose In October

IEA: Global Oil Inventories Rose In October

Nov 16, 2021 at 15:06 | Charles Kennedy

After hitting a six-year low in September, commercial oil stocks in OECD countries showed a marginal build in October, suggesting that the months of hefty inventory draws globally may be…

UAE Sees OPEC+ Sticking To Oil Output Plan With Surplus Looming In Q1

UAE Sees OPEC+ Sticking To Oil Output Plan With Surplus Looming In Q1

Nov 16, 2021 at 12:58 | Tsvetana Paraskova

Despite the calls to boost supply to tame high prices, OPEC+ is likely to continue easing the cuts with the gradual pace it set in July as it expects the…

Exxon Puts Shale Gas Assets Up For Sale

Exxon Puts Shale Gas Assets Up For Sale

Nov 16, 2021 at 10:38 | Irina Slav

Exxon has put up for sale natural gas assets in the Barnett Shale in Texas, Reuters has reported, citing a confirmation of the news by the company. The assets…

Germany Suspends Nord Stream 2 Certification

Germany Suspends Nord Stream 2 Certification

Nov 16, 2021 at 09:08 | Tsvetana Paraskova

Natural gas prices at the key European hubs jumped to three-week highs on Tuesday after Germany said it had suspended the process of certification of the Russia-led Nord Stream 2…

Oman: OPEC+ Not Worried About Potential U.S. SPR Release

Oman: OPEC+ Not Worried About Potential U.S. SPR Release

Nov 15, 2021 at 13:06 | Tsvetana Paraskova

The OPEC+ group is not concerned about a possible release from the U.S. Strategic Petroleum Reserve (SPR), according to Oman's Energy Minister Mohammed Al-Rumhi cited by FXStreet. U.S. President…

Chinese Coal Production Jumps To Six-Year High In October

Chinese Coal Production Jumps To Six-Year High In October

Nov 15, 2021 at 11:35 | Tsvetana Paraskova

Chinese coal production in October rose to the highest level since March 2015 as the energy crisis in the world’s second-largest economy prompted authorities to seek to increase coal supply…

Despite Threats, Russian Gas Flows To Germany Increase Through Belarus

Despite Threats, Russian Gas Flows To Germany Increase Through Belarus

Nov 15, 2021 at 10:26 | Irina Slav

Despite threats by Belarusian President Alexander Lukashenko last week that he could turn off the taps on the Yamal gas pipeline, German authorities report that flows have actually increased over…

Shell Moves To UK, Drops 'Royal Dutch' In Share Structure Overhaul

Shell Moves To UK, Drops 'Royal Dutch' In Share Structure Overhaul

Nov 15, 2021 at 09:22 | Tsvetana Paraskova

Royal Dutch Shell is asking shareholders to approve a proposal to drop its dual share structure and ‘Royal Dutch’ from its name as it looks to move its tax residence…

Russia: Belarus Didn’t Coordinate With Moscow Threat To Halt Gas To Europe

Russia: Belarus Didn’t Coordinate With Moscow Threat To Halt Gas To Europe

Nov 12, 2021 at 14:01 | Charles Kennedy

The threat of Belarusian leader Alexander Lukashenko to cut off transit gas supply from Russia to Europe has not been coordinated with Moscow, Kremlin spokesman Dmitry Peskov said on…

Democratic Senator Manchin Opposes Tax Credit For Union-Made EVs

Democratic Senator Manchin Opposes Tax Credit For Union-Made EVs

Nov 12, 2021 at 13:04 | Tsvetana Paraskova

Democratic Senator of West Virginia, Joe Manchin, who holds a decisive vote in a divided Senate, opposes a proposed additional tax credit for electric vehicles made by unionized workers, describing…

Biden Administration Still Debating Moves To Lower Gasoline Prices

Biden Administration Still Debating Moves To Lower Gasoline Prices

Nov 12, 2021 at 11:01 | Tsvetana Paraskova

The Biden Administration is still not decided whether the U.S. should act now to try to reduce the highest gasoline prices in America in seven years or to wait for…

In Rare Move, Venezuelan Judge Grants Hearing To Jailed Citgo Executives

In Rare Move, Venezuelan Judge Grants Hearing To Jailed Citgo Executives

Nov 12, 2021 at 08:50 | Charles Kennedy

A Venezuelan judge has granted a hearing at an appeals court for six Citgo oil executives who were imprisoned four years ago on corruption charges in a rare move for…

EU Softens Towards Natural Gas In Energy Transition

EU Softens Towards Natural Gas In Energy Transition

Nov 12, 2021 at 08:48 | Irina Slav

The European Union will likely include natural gas in its energy transition plans as some member states that are heavily reliant on coal at the moment would need an “intermediary…

California Gasoline Prices Reach Highest In History

California Gasoline Prices Reach Highest In History

Nov 11, 2021 at 18:57 | Julianne Geiger

Gasoline prices in California have reached fever pitch, hitting their highest prices ever recorded, according to data from Gas Buddy. Average prices hit $4.68 per gallon today in California, beating…

India Looks To Increase Oil Production By Selling Stakes In Oilfields

India Looks To Increase Oil Production By Selling Stakes In Oilfields

Nov 11, 2021 at 16:53 | Tsvetana Paraskova

India, which imports around 80 percent of the oil it consumes, is looking to boost its domestic oil production and has reportedly asked its state-owned producer, Oil and Natural Gas…

OPEC Fell Short On Oil Production Target In October

OPEC Fell Short On Oil Production Target In October

Nov 11, 2021 at 13:18 | Tsvetana Paraskova

OPEC’s crude oil production rose by 217,000 barrels per day (bpd) to 27.453 million bpd in October, but still fell short of the cartel’s share of the 400,000-bpd total output…

Chinese Tech Stocks Bounce Back As Government Changes Tune

Chinese Tech Stocks Bounce Back As Government Changes Tune

Nov 11, 2021 at 12:32 | ZeroHedge

Following the four-day meeting, or "plenum," of the Communist Party's Central Committee, there has been a lot of optimism in Chinese stocks overnight. First, shares in property developers…

Chinese Oil Giant CNPC In State Of Emergency After Covid Outbreak

Chinese Oil Giant CNPC In State Of Emergency After Covid Outbreak

Nov 11, 2021 at 11:30 | Charles Kennedy

China National Petroleum Corporation (CNPC), the country’s top oil and gas producer, imposed on Thursday a state of emergency in all its units in the capital Beijing after four employees…

Belarus Threatens To Cut Off Transit Gas Flows To Europe

Belarus Threatens To Cut Off Transit Gas Flows To Europe

Nov 11, 2021 at 09:27 | Tsvetana Paraskova

Belarus threatened on Thursday to halt natural gas supply at a key pipeline from Russia to Germany passing through Belarus, if the European Union imposes additional sanctions to the country…

Saudi Prince Lashes Out At Greenpeace During COP26

Saudi Prince Lashes Out At Greenpeace During COP26

Nov 11, 2021 at 09:00 | Irina Slav

Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, lashed out at Greenpeace for spreading "lies" and "fabrications" about the Kingdom's policy towards climate change. The spat ignited during the COP26…

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