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Breaking News:

Asian Oil Imports Dropped in April

Energy / Energy-General

Is It Time For Biden To Rethink Sanctions Against Venezuela?

Aug 16, 2021 at 12:04 | Matthew Smith

Negotiations for Venezuela’s November 2021 regional elections, which are being brokered by Norway, kicked off this week in Mexico. The talks between the authoritarian regime of Nicolas Maduro…

Biden Administration Wants To Wean All Airlines Off Fossil Fuels By 2050

Aug 16, 2021 at 09:32 | ZeroHedge

As if we weren't throwing enough trillions of dollars away (or, should we say, printing enough trillions away) incentivizing ill conceived "green energy" subsidies, the Biden administration is…

Aramco Moves Closer To Closing $25B Reliance Megadeal

Aug 16, 2021 at 09:20 | Tsvetana Paraskova

Saudi Aramco is in an advanced stage of negotiations to buy in an all-stock deal, valued at up to $25 billion, some 20 percent of the oil refining and chemicals…

U.S. Utilities Could Face Slew Of Climate Lawsuits

Aug 16, 2021 at 03:56 | Leonard Hyman & William Tilles

Several years ago, a major US electric utility, wrote in its 10-K , a document filed annually with federal securities regulators, that it could not “currently estimate the financial impact…

U.S. Rig Count Rises To 16-Month High

Aug 13, 2021 at 12:12 | Julianne Geiger

The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes—after rising by 3 last week. The total rig count is…

What Will The Gas Station Of The Future Look Like?

Aug 13, 2021 at 11:37 | Irina Slav

Two-thirds of Americans are interested in electric cars. Sales of EVs hit a record of more than 300,000…

Where Does Wall Street Think Oil Is Heading?

Aug 13, 2021 at 11:35 | Alex Kimani

After a volatile week of reversals and re-reversals, oil prices have rebounded a bit again on Wednesday thanks to an overall risk-on theme returning to the markets after…

China Is Preparing For Life After Fossil Fuels

Aug 13, 2021 at 11:34 | Haley Zaremba

The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as…

What Is Driving The Transformation Of Saudi Aramco?

Aug 13, 2021 at 11:27 | Irina Slav

Saudi Aramco is looking for deals that will boost investor confidence in the world’s largest oil company. These deals could include asset sales or supply agreements, according to…

Is Carbon Neutral Oil Really Possible?

Aug 13, 2021 at 11:25 | Tsvetana Paraskova

Some of the world’s biggest oil and gas firms have started to sell what they say is carbon-neutral oil and liquefied natural gas (LNG) as buyers increasingly look…

The Nation Proving That Oil And Renewables Aren’t Opposed

Aug 13, 2021 at 11:24 | Felicity Bradstock

After decades of world-leading oil and gas production, Norway is looking to stake its claim on a piece of the renewables market. But can the oil giant become…

Oil Prices Resilient Despite Demand Doubts

Aug 13, 2021 at 11:17 | Josh Owens

Despite growing demand fears due to new outbreaks of covid across Asia, oil prices have remained resilient this week.

Goldman: OPEC+ Unlikely To Open The Taps Despite U.S. Calls

Aug 13, 2021 at 09:06 | Tsvetana Paraskova

OPEC+ is unlikely to respond with increased production to the U.S. calls amid the surging Delta variant, which is set to dampen short-term oil demand, Goldman Sachs says. Earlier…

Oil Could Save Argentina’s Struggling Economy

Aug 12, 2021 at 10:58 | Matthew Smith

The pandemic, social unrest, and substantial fiscal pressures in Buenos Aires are all weighing heavily on Argentina’s petroleum industry and the burgeoning oil…

Why Are Environmentalists Angry About Biden’s Infrastructure Bill?

Aug 12, 2021 at 10:48 | Haley Zaremba

This week the United Nations and the Intergovernmental Panel on Climate Change (IPCC), the world’s leading authority on global warming, released a devastating report

Biden Administration Takes Aim At ‘Soaring’ Gasoline Prices

Aug 12, 2021 at 10:22 | Charles Kennedy

A senior Biden administration official has asked the head of the Federal Trade Commission to look into the possibility of price gouging and other illicit practices that could swell gasoline…

Peak Gasoline Demand Forecasts Aren't Scaring Big Oil

Aug 11, 2021 at 09:56 | Alex Kimani

Last week, President Joe Biden came out with an executive order aimed at making half of all new vehicles sold in 2030 electric…

Oil Prices Fall On Modest Inventory Draw

Aug 11, 2021 at 09:49 | Irina Slav

Oil prices took another plunge today after the Energy Information Administration reported a crude oil inventory decline of 400,000 barrels for the week to August 6, significantly less than…

Chinese Oil Demand To Crash By 1 Million Bpd On Covid Surge

Aug 11, 2021 at 09:21 | Tsvetana Paraskova

China’s oil demand is expected to be 1 million barrels per day (bpd) lower in the next two months than previously expected due to the rising number of COVID cases…

EIA Lowers Oil Production Expectations For 2022

Aug 11, 2021 at 09:11 | Charles Kennedy

U.S. crude oil production this year will average 11.1 million bpd and will rise to 11.8 million bpd in 2022, the Energy Information Administration said in its latest Short-Term…

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