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

News

Denmark Closes Busy Oil Shipping Strait Over Faulty Missile Launcher

Denmark Closes Busy Oil Shipping Strait Over Faulty Missile Launcher

Apr 04, 2024 at 09:58 | Charles Kennedy

The National Maritime Authority of Denmark has closed down the Great Belt strait–a key shipping venue for Russia’s shadow sanctions-busting oil fleets–after the Danish navy activated a faulty missile launcher,…

Port Workers’ Strike Could Delay Chile’s Commodity Exports

Port Workers’ Strike Could Delay Chile’s Commodity Exports

Apr 04, 2024 at 09:20 | Charles Kennedy

Commodity exports from Chile, a top producer of copper and lithium, could be delayed amid a workers’ strike that began early on Thursday, which disrupted loading and unloading of vessels.…

U.S. Gasoline Prices Hit Highest Level in Six Months

U.S. Gasoline Prices Hit Highest Level in Six Months

Apr 04, 2024 at 08:28 | Charles Kennedy

Rising seasonal demand and higher crude oil prices have resulted in the highest average U.S. gasoline prices in nearly six months, with the national average at $3.58 per gallon as…

Russia Is Struggling to Repair Refineries Due to Sanctions

Russia Is Struggling to Repair Refineries Due to Sanctions

Apr 04, 2024 at 07:55 | Tsvetana Paraskova

Due to the sanctions, Russia cannot access spare parts from Western engineering companies that have provided refinery equipment in the past, leaving Russian refiners struggling to repair damaged units, multiple…

Russia Halves Gasoline Shipments via Railway After Export Ban

Russia Halves Gasoline Shipments via Railway After Export Ban

Apr 04, 2024 at 06:33 | Tsvetana Paraskova

Russia slashed in half its gasoline exports via railway after imposing a six-month ban on exports from March 1 to ensure sufficient domestic supply in peak demand season, while several…

The 57 Companies Most Responsible for Global Carbon Emissions

The 57 Companies Most Responsible for Global Carbon Emissions

Apr 04, 2024 at 05:55 | Tsvetana Paraskova

As much as 80% of the world’s carbon dioxide emissions between 2016 through 2022 can be traced to just 57 corporate and state fossil fuel and cement producers, think tank…

Renewable Energy Investment Not Enough to Reach Paris Climate Target

Renewable Energy Investment Not Enough to Reach Paris Climate Target

Apr 04, 2024 at 05:08 | Tsvetana Paraskova

Despite record investments in renewables, the current funding for clean energy deployment is insufficient for the world to reach the 1.5 degrees Celsius pathway under the Paris Agreement, renewable energy…

Tesla Sends Scouts Across India to Find Ideal EV Factory Location

Tesla Sends Scouts Across India to Find Ideal EV Factory Location

Apr 04, 2024 at 03:23 | Irina Slav

Tesla has sent scouts out across India to pick a location for a new EV factory that would cost between $2 billion and $3 billion, the Financial Times has 

Exxon Warns Q1 Profits Will Suffer Due to Lower Oil Prices

Exxon Warns Q1 Profits Will Suffer Due to Lower Oil Prices

Apr 04, 2024 at 02:08 | Irina Slav

Exxon has warned that its first-quarter income figures will be affected by lower oil prices, Reuters has reported, citing a securities filing. Besides lower oil benchmarks, the company…

Trans Mountain’s Expanded Oil Pipeline to Start Operations on May 1st

Trans Mountain’s Expanded Oil Pipeline to Start Operations on May 1st

Apr 04, 2024 at 01:46 | Irina Slav

After a series of delays, cost overruns, and legal challenges, the expanded Trans Mountain oil pipeline will open for business on May 1, the same-name state-owned company said this week.…

Biden May Lift LNG Export Ban To Win Ukraine Aid

Biden May Lift LNG Export Ban To Win Ukraine Aid

Apr 03, 2024 at 13:05 | Charles Kennedy

Markets are impatiently awaiting a decision from the White House that could see the ban on new LNG export projects lifted as the Biden administration seeks leverage in winning Republican…

BofA Sees Summer Oil Price Peak at $95 Per Barrel

BofA Sees Summer Oil Price Peak at $95 Per Barrel

Apr 03, 2024 at 12:23 | Tom Kool

With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this year to average $86…

Shell Said to Be Seeking Long-Term Venezuela License

Shell Said to Be Seeking Long-Term Venezuela License

Apr 03, 2024 at 12:19 | Charles Kennedy

Reuters reports that the Dutch supermajor Shell is seeking a long-term license from Washington before making a final investment decision on Venezuela’s Dragon natural gas project.  Citing two anonymous sources,…

Oil Market Set to Tighten as OPEC+ Sticks With Production Cuts

Oil Market Set to Tighten as OPEC+ Sticks With Production Cuts

Apr 03, 2024 at 09:47 | Charles Kennedy

The OPEC+ group is set to continue with its production cuts until at least the end of the first half of 2024 as the alliance’s Joint Ministerial Monitoring Committee (JMMC)…

Dutch Senate Puts Off Vote to Shut Groningen Gas Field for Good

Dutch Senate Puts Off Vote to Shut Groningen Gas Field for Good

Apr 03, 2024 at 08:37 | Charles Kennedy

The Dutch Senate has delayed a vote on the permanent closure of the Groningen gas field, which is set for October 1 due to earthquakes in the area, as…

OPEC+ Committee Calls on Members to Compensate for Overproduction

OPEC+ Committee Calls on Members to Compensate for Overproduction

Apr 03, 2024 at 07:53 | Charles Kennedy

The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel that monitors oil market developments and the group’s production cuts, didn’t recommend on Wednesday any changes to output policy but noted…

China Set to Scrap Natural Gas Price Caps to Support Distributors

China Set to Scrap Natural Gas Price Caps to Support Distributors

Apr 03, 2024 at 07:14 | Tsvetana Paraskova

China’s top economic planning body has asked major natural gas distributors and local authorities to remove the fixed price caps for households by September, sources familiar with the discussions have…

South Africa Risks Thousands of Deaths if Coal-Fired Power Plants Remain Open

South Africa Risks Thousands of Deaths if Coal-Fired Power Plants Remain Open

Apr 03, 2024 at 06:20 | Tsvetana Paraskova

South Africa could see additional up to 50,000 deaths due to air pollution and billions of U.S. dollars in health costs if a proposal to delay the decommissioning of coal-fired…

The Fed Blocks Stricter Global ESG Rules for Banks

The Fed Blocks Stricter Global ESG Rules for Banks

Apr 03, 2024 at 05:40 | Tsvetana Paraskova

The US Federal Reserve has blocked an attempt led by the European Central Bank (ECB) to make climate risks a pillar of global rules for banks and require them to…

Tesla Sales Drop for First Time Since 2020 as EV Competition Heats Up

Tesla Sales Drop for First Time Since 2020 as EV Competition Heats Up

Apr 03, 2024 at 04:25 | Tsvetana Paraskova

Tesla saw its deliveries slump in the first quarter for the first annual drop since the start of the pandemic in 2020, missing analyst forecasts by a mile in a…

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