• 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
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 hours How Far Have We Really Gotten With Alternative Energy
  • 3 hours "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.
Geopolitical Tensions Fail to Spark Oil Price Surge

Geopolitical Tensions Fail to Spark Oil Price Surge

The fluctuating prices in response…

Is a Full-Blown Trade War Between the U.S. and China Looming?

Is a Full-Blown Trade War Between the U.S. and China Looming?

Western trade restrictions on China's…

News

Canada’s Beleaguered Oil Firms See Funding Costs Soar

Canada’s Beleaguered Oil Firms See Funding Costs Soar

Apr 08, 2020 at 10:46 | Tsvetana Paraskova

One of Canada’s largest oil firms, Suncor Energy, has just announced the issue of new bonds, for which it had to pay triple the borrowing costs that it did for a…

U.S. Senators To Discuss Oil Markets With Saudi Arabia

U.S. Senators To Discuss Oil Markets With Saudi Arabia

Apr 08, 2020 at 09:29 | Irina Slav

Two senators from U.S. oil states will hold talks with Saudi officials this Saturday to discuss the oil price situation, Reuters reports, citing unnamed sources. The same senators have also…

WTI Slides On Huge Crude Inventory Build

WTI Slides On Huge Crude Inventory Build

Apr 07, 2020 at 16:11 | Julianne Geiger

The American Petroleum Institute (API) estimated on Tuesday a huge crude oil inventory build of 11.938 million barrels for the week ending April 4 as demand destruction stemming from the…

Indonesia’s Pertamina To Boost Oil Production Despite Price Crash

Indonesia’s Pertamina To Boost Oil Production Despite Price Crash

Apr 07, 2020 at 15:12 | Tsvetana Paraskova

Despite the oil price crash, Indonesia’s state-owned oil and gas firm Pertamina continues to pursue its target to raise oil and gas production by 1.8 percent in 2020, according to…

U.S. Restarts LNG Exports To China After 1-Year Break

U.S. Restarts LNG Exports To China After 1-Year Break

Apr 07, 2020 at 14:52 | Tsvetana Paraskova

U.S. exports of liquefied natural gas (LNG) have resumed flowing to China for the first time since March 2019, after the Chinese authorities have granted tax waivers to several Chinese…

Petrobras Slashes Oil Output Ahead Of Global Production Meeting

Petrobras Slashes Oil Output Ahead Of Global Production Meeting

Apr 07, 2020 at 14:10 | Tsvetana Paraskova

Petrobras has set its April oil production at 2.07 million barrels per day (bpd), after having reduced production by 200,000 bpd in the past two weeks in response to the…

Exxon Cuts Spending By $10 Billion As Oil Prices Collapse

Exxon Cuts Spending By $10 Billion As Oil Prices Collapse

Apr 07, 2020 at 13:10 | Tsvetana Paraskova

ExxonMobil is axing capital expenditure for this year by $10 billion, quantifying on Tuesday the capex cuts it announced last month in response to the oil demand and oil price collapse.…

OPEC Nations Face Credit Downgrades As Crisis Drags On

OPEC Nations Face Credit Downgrades As Crisis Drags On

Apr 07, 2020 at 12:14 | Tsvetana Paraskova

The coronavirus pandemic and the oil price collapse are rapidly deteriorating the sovereign rating outlook--with more multi-notch downgrades on the way, Fitch Ratings said in a statement.   “We…

Blockade Sends Libya’s Oil Production Crashing Below 100,000 Bpd

Blockade Sends Libya’s Oil Production Crashing Below 100,000 Bpd

Apr 07, 2020 at 10:41 | Irina Slav

An oil export terminal blockade that led to the shut down of fields and refineries has so far cost Libya close to $4 billion, the National Oil Corporation said in a…

Halliburton Cuts Jobs, Executive Pay

Halliburton Cuts Jobs, Executive Pay

Apr 07, 2020 at 09:31 | Irina Slav

Halliburton has laid off 350 workers in Oklahoma as the squeeze of oil prices on the industry forces companies to shrink their operations. The Houston Chronicle reported the layoffs citing a…

This Emerging Producer Could Be Crucial To The Largest Oil Deal In History

This Emerging Producer Could Be Crucial To The Largest Oil Deal In History

Apr 06, 2020 at 15:26 | Julianne Geiger

Brazil’s energy minister said on Monday that it would attend the G20 meeting of oil ministers that Saudi Arabia is trying to rally together to cut oil production, Reuters reported…

Superpowers Clash Ahead Of Most Important Oil Meeting Ever

Superpowers Clash Ahead Of Most Important Oil Meeting Ever

Apr 06, 2020 at 14:45 | Tsvetana Paraskova

Russia is ready to hold constructive talks aimed at stabilizing the oil market, and those talks don’t have alternative, Vladimir Putin’s press secretary Dmitry Peskov said on Sunday.  …

This Emerging Economy Bets Big On Solar

This Emerging Economy Bets Big On Solar

Apr 06, 2020 at 12:38 | Oxford Business Group

Egypt’s total of 1173 recorded Covid-19 cases and 78 deaths, as of April 5, places Africa's third-most populous country significantly below the global per capita averages for both counts as the pandemic continues…

Norway Might Join Output Cuts If Major Producers Reach A Deal

Norway Might Join Output Cuts If Major Producers Reach A Deal

Apr 06, 2020 at 11:40 | Tsvetana Paraskova

Norway could discuss reducing its oil production if the world’s major producers reach a deal on significantly cutting global oil production, Tina Bru, Minister for Petroleum and Energy of Western…

Rockets Fired Near Iraq’s Southern Oil District

Rockets Fired Near Iraq’s Southern Oil District

Apr 06, 2020 at 10:30 | Tsvetana Paraskova

Several rockets were fired and landed on Monday near a residential district in southern Iraq, where many foreign oil firms have their headquarters and where oil workers live, without causing…

Oil Slides As OPEC Delays Meeting

Oil Slides As OPEC Delays Meeting

Apr 06, 2020 at 09:15 | Irina Slav

Oil prices took another nosedive today after during the weekend Russia and Saudi Arabia postponed a meeting scheduled for Monday as they went at each other’s throats trading blame for…

IEA: OPEC Can’t Save The Oil Market

IEA: OPEC Can’t Save The Oil Market

Apr 03, 2020 at 18:52 | Tsvetana Paraskova

Even if the OPEC+ group and other major oil producers in the world were to agree to deep production cuts, they would be unable to prevent what is…

Russian Oil Firms Ready To Agree To A Production Cut Deal

Russian Oil Firms Ready To Agree To A Production Cut Deal

Apr 03, 2020 at 18:52 | Irina Slav

With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be ready to participate…

IEA: Oil Price Collapse Could Leave 50 Million Jobless

IEA: Oil Price Collapse Could Leave 50 Million Jobless

Apr 03, 2020 at 14:12 | Tsvetana Paraskova

The historic oil price crash from last month could lead to as many as 50 million job losses globally in the oil refining and retail industry, Reuters quoted the head of…

Battery Metals Take A Hit As China’s EV Boom Grinds To A Halt

Battery Metals Take A Hit As China’s EV Boom Grinds To A Halt

Apr 03, 2020 at 11:49 | Tsvetana Paraskova

The slowdown in China’s electric vehicle sector could have knock-on effects on the battery metals market in both the short and long run, commodities analysts at Argus Media…

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