• 3 minutes Electric cars may make driving too expensive for middle classes, warns Vauxhall chief
  • 6 minutes Natural gas mobility for heavy duty trucks
  • 12 minutes Colonial pipeline hack
  • 5 hours U.S. Presidential Elections Status - Electoral Votes
  • 3 hours Texas Power Outage Danger Until June 18th. Texans told to conserve energy!
  • 18 hours Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 2 days Federal Judge Says Biden Probably Wrong for Halting Drilling on Federal Land
  • 4 days And now, hybrid electric locomotives...


U.S. Rig Count Jumps As Oil Prices Hold Above $70

Jun 18, 2021 at 12:09 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers…

Big Oil Looks To Cut Production Following Activist Backlash

Jun 18, 2021 at 10:55 | Alex Kimani

Two weeks ago, Big Oil suffered a series of boardroom and courtroom defeats in the hands of hardline climate activists. Exxon Mobil lost…

The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report

Jun 18, 2021 at 10:55 | Felicity Bradstock

In an effort to adapt to Trudeau’s recent green policies and owing to pressure from the International Energy Agency (IEA), Canadian oil sand producers have formed an alliance…

New Chinese Tax Law Threatens Oil Refiners Across The Region

Jun 18, 2021 at 10:50 | Haley Zaremba

Just last month, on May 14, China announced a new tax on consumption of mixed aromatics, light cycle oil and bitumen blend, set to be instituted less than…

The Energy Transition Will Provide A Wealth Of Opportunities In Europe

Jun 18, 2021 at 10:48 | Global Risk Insights

Energy dependence of European countries has become evident as a consequence of the geopolitical turmoil during the two Oil Crises of the 1970s and in…

Rising Demand Closes The Gap Between WTI And Brent Prices

Jun 18, 2021 at 10:21 | Tsvetana Paraskova

Rising oil demand in the United States and flat domestic production in recent months have boosted the price of the U.S. oil benchmark WTI Crude, which has significantly narrowed the…

Is The Oil Rally Nearing Its End?

Jun 18, 2021 at 10:08 | Tom Kool

After a momentous rally this year, it looks like oil prices are finally coming under pressure - with the threat of inflation dampening oil market optimism.

OPEC Doesn’t Expect More U.S. Shale Oil Production

Jun 18, 2021 at 09:49 | Tsvetana Paraskova

Despite $70 oil, U.S. shale producers are not expected to significantly raise crude production this year as they continue to be focused on disciplined capital expenditures and returning more cash…

Gulf Of Mexico Drillers Evacuate Platforms As Tropical Storm Nears

Jun 18, 2021 at 08:57 | Irina Slav

Oil companies operating in the Gulf Coast have started evacuating employees from platforms there ahead of a tropical storm that is brewing in the Gulf. "A tropical or subtropical depression…

It’s Too Late To Avoid A Major Oil Supply Crisis

Jun 17, 2021 at 16:59 | David Messler

There are a number of observable trends in oil supplies and by extension prices, presently. I am going to discuss one of them in this article. A lack…

The Renewable Boom Has Barely Impacted Oil & Gas

Jun 17, 2021 at 16:47 | Tsvetana Paraskova

A decade ago, fossil fuels accounted for just over 80 percent of final energy consumption in the world. During the last ten years, renewable energy has boomed, and…

Russian Drillers Rejoice As Oil Continues To Rally

Jun 17, 2021 at 16:36 | Vanand Meliksetian

Russia’s oil and gas industry has been the driving force behind its economy ever since the first oil fields were discovered in Tsarist Russia at the end of the 19th…

Oil Prices Fall As The Fed Changes Its Tune

Jun 17, 2021 at 15:58 | Julianne Geiger

Oil prices sank on Thursday as the Fed’s hawkish comments sent the dollar higher. Crude oil is down more than 1% on Thursday afternoon, with WTI falling 1.32% at $71.20…

Big Oil Used Instagram And Gen Z Lost It

Jun 17, 2021 at 15:00 | Irina Slav

To say that Big Oil has had some reputation management problems would be the understatement of the decade. Pressure from environmentalist organizations, regulators—and most recently, investors—has combined to…

Musk: Tesla May Accept Bitcoin As Payment If Crypto Goes Green

Jun 17, 2021 at 13:50 | Haley Zaremba

Elon Musk has long been Bitcoin’s most high-profile advocate. His avid support for the crypto-currency has gone a long way toward shifting public perception in favor of Bitcoin…

Can Ecuador’s Oil Industry Finally Begin To Recover?

Jun 17, 2021 at 12:59 | Matthew Smith

Former banker Guillermo Lasso’s surprise victory over favored candidate leftist Andres Arauz in Ecuador’s presidential election last month established a more optimistic outlook…

Oilfield Services Receive A Major Boost As Oil Prices Rally

Jun 17, 2021 at 12:02 | Irina Slav

The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices, Reuters has reported, citing data from the industry. “We…

Biden, Putin Did Not Discuss Oil Prices Or OPEC+ Deal

Jun 17, 2021 at 11:04 | Charles Kennedy

The leaders of the United States and Russia did not discuss oil prices or the OPEC+ deal at their summit in Geneva on Wednesday, Vladimir Putin’s Press Secretary Dmitry Peskov…

OPEC Secretary Urges Member Countries To Continue Oil Investments

Jun 17, 2021 at 09:53 | Tsvetana Paraskova

The energy transition should not crowd out any source of energy as all energy sources of today will be required for the foreseeable future, OPEC Secretary General Mohammad Barkindo said.…

Oil Stocks Are The Cheapest Equities On The Market

Jun 17, 2021 at 08:58 | Tsvetana Paraskova

Billionaire David Tepper, who runs hedge fund Appaloosa Management, added this week another voice to the growing chorus of analysts and investors who are bullish on oil and oil stocks.…

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