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Breaking News:

ExxonMobil Underwhelms With Q1 Earnings

Energy

Investors Brace for Impact as Crude Markets React to Rising War Risks

Mar 26, 2024 at 09:00 | ZeroHedge

A twin crisis is unfolding for the administration as the Ukrainian military bombs key crude refineries deep within Russian territory with suicide drones. The administration has

Bullish Sentiment Brings $90 Oil Within Reach

Mar 26, 2024 at 08:43 | Michael Kern

In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts…

U.S. Gas Producers Optimistic Despite Very Low Natural Gas Prices

Mar 25, 2024 at 17:16 | Tsvetana Paraskova

Despite multi-year low natural gas prices in the United States, domestic producers continue to be optimistic about the long-term prospects of gas as a fuel, both in America and abroad.…

Iraq And Iran Will Expedite Development Of Sanctions-Busting Shared Oil Fields

Mar 25, 2024 at 12:38 | Simon Watkins

A key reason why oil prices have remained relatively subdued despite the ongoing Russia-Ukraine and Israel-Hamas wars is that Iran has been producing much more oil than widely known, with…

OPEC Sees No Need for Policy Change Proposal at Next Week’s Meeting

Mar 25, 2024 at 09:24 | Charles Kennedy

OPEC and the broader OPEC+ group do not see any need to propose a change to the current oil production policy when the Joint Ministerial Monitoring Committee (JMMC) meets next…

Decentralized Renewable Energy Helps Ukraine Weather Russian Attacks

Mar 25, 2024 at 09:07 | RFE/RL staff

Vadym Kolisnyk stands on a rooftop on the eastern edge of Zhashkiv. It’s the end of February, and the dark and fog that shroud central Ukraine for much…

Black Sea Disruptions, Oil Prices Threaten Kazakhstan's Growth

Mar 25, 2024 at 08:59 | Eurasianet

Kazakhstan is expected to remain on a stable growth trajectory for the next two years, driven by continued carbon use and increased consumer spending, according to World Bank…

U.S. Oil Exports Hit a New Record High in 2023

Mar 25, 2024 at 08:51 | Robert Rapier

Fresh on the heels of a new U.S. oil production record and establishment of the U.S. as the world’s top liquefied natural gas (LNG) exporter, this week the…

U.S. Oil, Gas Drilling Activity Slows

Mar 22, 2024 at 12:09 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States fell by 5 this week, according to new data that Baker Hughes published on Friday,…

China Buys Up Russian Oil

Mar 22, 2024 at 10:01 | Editorial Dept

1. As TMX Starts Line Fill, China Takes Centre Stage - Canadian crude will start flowing to China…

Self-Heating Concrete Paves the Way for Easier Winters

Mar 22, 2024 at 09:59 | Brian Westenhaus

Drexel University researchers recently reported on the science behind its special concrete, that can warm itself up when it snows, or as temperatures approach freezing.

Hopes of a Gaza Ceasefire Are Putting Oil Prices Under Pressure

Mar 22, 2024 at 09:57 | Michael Kern

Renewed hopes of a ceasefire in Gaza and U.S. efforts to halt Ukrainian attacks on Russian refineries have added some downward pressure to oil prices. Despite this downward pressure, bullish…

Azerbaijan Charts New Energy Course Amid Caspian Uncertainty

Mar 22, 2024 at 09:57 | Eurasianet

Azerbaijan could prove a winner as the war in Ukraine continues to reshuffle the Caspian Basin energy-supply deck. But uncertain investment and financing prospects, as well as questions…

How Bosnia Becomes a Battleground for Chinese Energy Influence

Mar 22, 2024 at 09:55 | RFE/RL staff

The wild horses meandering through the rock-strewn hills of western Bosnia-Herzegovina amid towering white windmills make for a tranquil scene. And one of the last places…

The U.S. Recession Myth That Tanked Oil Price Predictions in 2023

Mar 22, 2024 at 09:48 | Irina Slav

Oil prices have become very difficult to predict. This is the latest outtake from CERAWeek where analysts discussed how so many of them managed to get 2023 prices…

EU Proposes Using Profits from Seized Russian Assets to Aid Ukraine

Mar 22, 2024 at 09:48 | RFE/RL staff

The European Union is inching closer to a historic decision to use windfall profits accumulated by frozen assets in the bloc belonging to the Russian Central Bank and…

Texas Fund Manager: BlackRock "Misusing Funds" to Push ESG Agenda

Mar 22, 2024 at 09:42 | ZeroHedge

The examples of the ESG fraud imploding over the last 6 months simply aren't stopping. The latest has come from Texas, where the state is now…

An EU Carbon Tax Will Upend The Global LNG Market

Mar 22, 2024 at 09:41 | Tsvetana Paraskova

The global LNG market could face a sea change in prices and trade flows later this decade if the European Union includes LNG in its carbon border tax. The EU’s…

Oil Industry Executives Say Oil Demand Is Beating Forecasts

Mar 22, 2024 at 08:21 | Tsvetana Paraskova

Global oil demand is stronger than expected with robust growth in all economies across the board, oil industry executives at the CERAWeek conference have said this week, adding that they…

Will Waning Gasoline Demand Drag Oil Prices Down?

Mar 22, 2024 at 06:36 | Editorial Dept

West Texas Intermediate Crude Weekly Analysis This week's crude oil market has been marked by several significant events influencing May West Texas Intermediate (WTI) futures. The trends observed ranged from…

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