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U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

IEA Cuts 2024 Oil Demand Growth Forecast

IEA Cuts 2024 Oil Demand Growth Forecast

Global oil demand growth is…

Energy / Crude Oil

How Permian Innovations Propelled U.S. Crude Production To New Heights

Nov 02, 2023 at 08:43 | ZeroHedge

With core OPEC+ cartel members Russia and Saudi Arabia doing everything in their power to throttle oil output and push the price of oil higher, the US is…

Oil Unchanged After Minor Inventory Build

Nov 01, 2023 at 09:49 | Irina Slav

Crude oil prices remained largely unchanged today after the Energy Information Administration reported an inventory build of a modest 800,000 barrels for the week to October 27. A day…

Israel And Interest Rates Keep Oil Prices Erratic

Oct 31, 2023 at 16:39 | Irina Slav

The war in the Middle East could push crude oil prices to $150 per barrel if it spreads across the region, the World Bank warned this week. Meanwhile, traders—worried…

Iraq Moves Further Out Of U.S.’s Influence With New Russia And China Deals

Oct 31, 2023 at 16:27 | Simon Watkins

With the U.S.’s current primary Middle East focus being on trying to deter a widening of the Israel-Hamas War, China and Russia have been…

Natural Gas Demand Suggests The IEA Got Peak Demand Wrong

Oct 31, 2023 at 13:37 | Tsvetana Paraskova

Executives in the natural gas industry expect strong demand for the fuel in Asia through 2040 and 2050 as countries continue their coal-to-gas switch policy and look to meet emission…

Why Big Oil Stocks Are Selling Off Right Now

Oct 30, 2023 at 18:20 | Alex Kimani

Earnings season is well and truly underway, with half of S&P 500 companies having returned their Q3 2023 earnings scorecards. Unlike recent seasons, the current one has been somewhat underwhelming for…

With Oil Supply At Risk From Israel-Hamas War, What Is China’s Demand Outlook?

Oct 30, 2023 at 13:00 | Simon Watkins

Global oil supply from several OPEC countries in the Middle East, perhaps all of them, remains contingent on whether the Israel-Hamas War widens…

ExxonMobil Looks For Even More Takeover Opportunities

Oct 27, 2023 at 14:30 | ZeroHedge

If there was any doubt left in your mind whether or not the oil and gas industry is literally running like greased lightning nowadays, it has been…

Tight Global Oil Supply To Linger For Years: Exxon

Oct 27, 2023 at 13:50 | Julianne Geiger

Global oil supplies will remain tight for years, putting upward pressure on energy prices, Exxon’s Chief Executive Officer Darren Woods said on Friday. “The industry is still recovering from the…

Mega Mergers Spark New Debate Over Oil Demand Controversy 

Oct 27, 2023 at 12:30 | Irina Slav

Around the time when Exxon announced the acquisition of Pioneer Natural Resources, the International Energy Agency published its much-awaited World Energy Outlook. It contained no surprises: a month…

American Oil Giants Boost Domestic Footprint As Geopolitical Tensions Mount

Oct 27, 2023 at 09:19 | Tsvetana Paraskova

ExxonMobil and Chevron have just announced mega acquisition deals to buy U.S. firms, which will boost the footprint of the U.S. oil supermajors in their domestic upstream market and the…

U.S. Eyes Tighter Sanctions On Iran's Oil And Gas Exports

Oct 27, 2023 at 09:10 | Cyril Widdershoven

As the oil market grapples with the current and potential effects of the Gaza war, a new significant concern has emerged. U.S. sources indicate that the Biden Administration…

National Oil Companies Aren't Ready For The Energy Transition

Oct 27, 2023 at 09:00 | Tsvetana Paraskova

Some of the world's largest national oil companies (NOCs) have improved significantly their resilience to oil price slumps in the near future thanks to huge cash flows and profits in…

Oil May Be About To Go Down On Higher Costs

Oct 26, 2023 at 17:15 | Irina Slav

Analysts have been talking about three-digit oil prices for months now, yet the benchmarks have stubbornly refused to move above $100, whatever happens. One reason for this is the economic…

Oil Price Rally Reverses Despite Tightening Market Fundamentals

Oct 26, 2023 at 13:59 | Alex Kimani

The oil price rally has failed to gain any kind of momentum three weeks after tensions in the Middle East escalated despite market fundamentals strengthening. Brent…

Why Big Oil Isn't to Blame For Rising Gas Prices

Oct 26, 2023 at 08:22 | Robert Rapier

Good energy policy starts with a good understanding of energy issues. But both major political parties have glaring blind spots when it comes to understanding the energy sector.…

Iran’s Oil Revenue Woes Deepen Amid Export Discrepancies

Oct 25, 2023 at 10:57 | RFE/RL staff

The head of Iran's Budget and Planning Organization says the government achieved only "around" 70 percent of its projected revenues for the first seven months of the current…

Oil Ticks Lower On Inventory Build

Oct 25, 2023 at 09:56 | Irina Slav

Crude oil prices inched down today after the Energy Information Administration reported an inventory increase of 1.4 million barrels for the week to October 20. This compared with…

Which Factors Influence Oil Prices Right Now?

Oct 20, 2023 at 10:34 | Editorial Dept

You don’t have to be a Nobel Prize winner in economics to know that the two basic influences on the price of oil, or any commodity for that matter, are…

Oil And Gas Still Drawing In Investors Despite Transition

Oct 20, 2023 at 08:58 | Irina Slav

Oil and gas stocks were among the top performers on the S&P 500, with four industry players taking their place in the top 10. The reason for this was…

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