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U.S. Drilling Activity Continues Its Slide

Jun 09, 2023 at 12:11 | Julianne Geiger

The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published Friday, falling by 53 over…

The Oil Market Has Shifted Into A New Cycle

Jun 09, 2023 at 09:08 | Editorial Dept

Saudi Production Cuts Provide Early Boost to Crude Oil Prices Monday began with a surge in U.S. WTI crude oil prices, driven by Saudi Arabia's announcement of an additional production…

Saudi Arabia's Oil Earnings Drop

Jun 09, 2023 at 09:06 | Editorial Dept

1. Saudi Arabia Takes One for the Team - Saudi Arabia’s decision to unilaterally cut 1…

Tensions Between The Wagner Group And Russia's Military Mount

Jun 09, 2023 at 09:05 | Editorial Dept

Energy Markets The biggest news of the week in oil markets is, of course, the newest round of OPEC+ production cuts that came out of the June 4 meeting, and…

Is The EV Charger War Over?

Jun 09, 2023 at 09:03 | Editorial Dept

"Editorial demands meant that this piece was written on Thursday, before the news of GMs move to the NACS broke. That story, however, doesn't really change things in terms of…

The Prospect Of Weaponizing Oil Against China

Jun 09, 2023 at 09:00 | Editorial Dept

U.S. Defense Department officials have been busy spreading the message that in the event of an intensified conflict with China, CENTCOM could cut off China’s oil imports by blocking oil…

Uncertainty In Oil Markets As Sentiment Swings On Mixed Signals

Jun 09, 2023 at 08:47 | Michael Kern

Uncertainty remains rife within oil markets after production cuts from Saudi Arabia were countered by economic concerns in the U.S., China, and Europe. Rumors that a U.S.-Iran deal was back…

India’s Fuel Demand Jumps To Record High

Jun 09, 2023 at 07:34 | Tsvetana Paraskova

India’s fuel sales surged in May from a year earlier and from April to new highs, suggesting that oil demand in the world’s third-largest crude importer is strengthening and could…

Japan Calls On Tokyo Residents And Industry To Save Energy

Jun 09, 2023 at 04:45 | Tsvetana Paraskova

For a second consecutive year, Japan’s government is asking households and industries in Tokyo to save electricity this summer to ensure uninterrupted power supply in the hottest months July…

Oil Prices Headed For Weekly Loss Despite Saudi Arabia’s Production Cut

Jun 09, 2023 at 01:51 | Irina Slav

Crude oil was heading for the second week of losses in a row despite the additional production cut Saudi Arabia announced at last Sunday’s OPEC+ meeting. In morning trade in…

"Let the Market Decide": Exxon's Response To European Energy Policies

Jun 08, 2023 at 09:20 | Tsvetana Paraskova

Europe's climate and energy policies are very prescriptive and geared toward picking energy transition winners and losers instead of letting the market decide which solutions reduce emissions at the lowest…

Nuclear Fusion Remains Decades Away Despite Major Breakthroughs

Jun 08, 2023 at 09:04 | Haley Zaremba

After decades of progress so incremental and expensive that it may have seemed pointless, nuclear fusion technology finally had a breakthrough worth writing home about. Last year, a team of…

Putin And Saudi Crown Prince Discuss OPEC+ Oil Deal

Jun 08, 2023 at 08:58 | Tsvetana Paraskova

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed in a telephone conversation ensuring stability in the energy market and praised the cooperation within the OPEC+ deal,…

Auto Giants Slash Prices, Drive Chinese Auto Market Upturn

Jun 08, 2023 at 08:57 | ZeroHedge

Retail sales of passenger vehicles scorched higher in May, with 1.76 million units sold, according to preliminary data from the China Passenger Car Association released this…

Study Shows Why Organic Solar Cells Are Degrading So Fast

Jun 08, 2023 at 08:53 | Brian Westenhaus

University of Cambridge scientists have now revealed an important reason why organic solar cells rapidly degrade in outdoor operation. Organic solar cells show great promise…

Is Recycling The Answer To Rare Earth Shortages?

Jun 08, 2023 at 08:26 | Ag Metal Miner

Via AG Metal Miner After a sharp nosedive that lasted two months, the Rare Earths MMI (Monthly Metals…

Germany’s Regulator Warns The Energy Crisis Is Far From Over

Jun 08, 2023 at 04:00 | Tsvetana Paraskova

The energy crisis is not over yet, Klaus Müller, the president of Germany's energy regulator, told the Funke media outlet on Wednesday. Despite the fact that the levels of…

How Oil Executives Raked In Half A Billion In COVID Compensation

Jun 07, 2023 at 12:57 | Alex Kimani

It is common knowledge among business circles that aligning executives’ financial incentives with company strategy can help inspire management to deliver superior results. However, pay packages are not always commensurate…

EIA: Oil Prices Will Not Rally Despite Saudi Output Cut

Jun 07, 2023 at 11:24 | Tsvetana Paraskova

Oil prices will not average more than $80 per barrel in the second half of this year, despite the most recent production cut announced by Saudi Arabia, the U.S. Energy…

Oil Moves Up Despite Rising Product Inventories

Jun 07, 2023 at 09:40 | Irina Slav

Crude oil prices inched higher today after the Energy Information Administration reported an inventory decline of 500,000 barrels for the week to June 9. This compared with…

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