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

Energy / Crude Oil

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…

Venezuela's Crude Production Faces Uphill Battle Despite Sanctions Relief

Oct 20, 2023 at 07:15 | Felicity Bradstock

The United States has eased its sanctions on Venezuela following an election deal. This follows four years of sanctions on its oil and gas industry, restricting the South American oil…

Will Middle East Tensions Prompt Saudi Arabia To Shift Its Oil Policy?

Oct 19, 2023 at 17:29 | Tsvetana Paraskova

At the beginning of October, Saudi Arabia affirmed it would keep its voluntary oil production cut of 1 million barrels per day (bpd) until the end of the year and…

Oil Markets Underestimating The Risk Of A Middle East Blowout

Oct 18, 2023 at 16:12 | Alex Kimani

Last week, the Israeli government ordered its state-run electricity company to halt power supply to the Gaza Strip days after Palestinian militant group Hamas launched a surprise attack on…

Oil Jumps Higher On Inventory Draws

Oct 18, 2023 at 09:37 | Irina Slav

Crude oil prices inched higher today after the U.S. Energy Information Administration reported an inventory decline of 4.5 million barrels for the week to October 13. That compares with…

The Next Phase Of The U.S. Shale Revolution

Oct 18, 2023 at 07:15 | David Messler

Mergers in the U.S. shale patch have continued through the course of 2023 as companies jockey for assets that will fill in gaps in their acreage base. Two key basins…

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