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Why The White House Is Wrong About Oil Major Share Buybacks

Feb 06, 2023 at 08:31 | Robert Rapier

In late January Chevron announced fourth quarter and full year 2022 results. Chevron earned a record $36.5 billion profit in 2022, more than doubling 2021 earnings. In addition, Chevron increased…

OPEC Secretary General: OPEC+ Deserves Credit For Oil Market Stability

Feb 06, 2023 at 03:51 | Tsvetana Paraskova

The OPEC+ group deserves to be given credit for the way it has handled oil market stability in recent months, OPEC Secretary General Haitham told Reuters on Monday. “Due…

U.S. Drilling Activity Continues To Slow

Feb 03, 2023 at 12:13 | Julianne Geiger

The total number of total active drilling rigs in the United States fell 12 this week, according to new data from Baker Hughes published on Friday. The total rig count…

The EU Needs More Diesel, But The Middle East Can’t Supply It All

Feb 03, 2023 at 11:31 | Tsvetana Paraskova

Europe has raised its imports of fuels from the Middle East and the United States in preparation for the EU ban on seaborne imports of Russian refined petroleum…

How Bulgaria Became The World's Third-Largest Buyer Of Russian Oil

Feb 03, 2023 at 11:14 | The Jamestown Foundation

The prolonged political instability in Bulgaria will continue to impact critical energy security decisions and maintain the country’s status as Russia’s best client in Europe. Bulgaria, currently the…

California’s High-Speed Rail Dreams Just Aren’t Feasible

Feb 03, 2023 at 11:03 | ZeroHedge

Well, it’s big in Japan…That is what proponents of California’s high-speed rail project say when asked about the whys and…

Analysts Predict 42% Decline In Russian Oil Production By 2035

Feb 03, 2023 at 11:02 | Alex Kimani

Last year, against all odds, Russia managed to grow its oil output despite being hit with tough sanctions, a plethora of oilfield service companies exiting the country as…

EU’s Nat Gas Cuts Likely To Spill Into Next Year

Feb 03, 2023 at 09:57 | Irina Slav

Europe is nearing the end of winter with record-high levels of natural gas in storage—news that has been appropriately celebrated in the media. Yet declarations that the crisis…

Oil Prices Inches Higher As Traders Await A Rebound In Chinese Demand

Feb 03, 2023 at 09:03 | City A.M

Oil is on course for a second straight week of losses, with investors hoping for clearer signs of recovering fuel demand in China to offset an economic slump…

Oil Prices Under Pressure Despite Looming Fuel Embargo

Feb 03, 2023 at 08:20 | Michael Kern

Oil prices are under pressure from a slew of bearish news coming out of the United States this week, but the looming EU embargo on Russian oil products could still…

Oil Prices Are Under Pressure

Feb 03, 2023 at 08:14 | Editorial Dept

U.S. West Texas Intermediate crude oil futures dipped on Thursday, putting the March futures contract in a position to finish lower for the week. Weaker-than-expected economic data and a rebound…

U.S. Oil Majors Are Outperforming Their European Counterparts

Feb 03, 2023 at 08:11 | Editorial Dept

1. US Oil Majors Pull Ahead of Their European Peers- As European oil…

Iran Vows Revenge For Drone Attacks

Feb 03, 2023 at 08:09 | Editorial Dept

Politics, Geopolitics & Conflict The above-mentioned attack on Iran’s Isfahan ministry of defense facility earlier this week was conducted using drone parts that Tehran claims were smuggled into Iran via…

How To Balance Your Energy Portfolio For 2023

Feb 03, 2023 at 08:07 | Editorial Dept

These days, I spend quite a lot of time teaching people about markets and trading and mentoring them as they start to invest their own money. Everyone is different in…

Geopolitical Risks On The Rise In The Middle East

Feb 03, 2023 at 08:03 | Editorial Dept

Much attention is now duly focused on the Middle East (again), with what is widely believed to be an Israeli attack on an Iranian armaments facility–the level of…

Oil Prices Set For Another Weekly Loss As Sentiment Shifts

Feb 03, 2023 at 01:50 | Irina Slav

After rallying at the start of the week, oil prices have offset their gains and are about to end the week with another loss as U.S. inventory data and rising…

Why Canadian Oil & Gas Will Remain Hot In 2023

Feb 02, 2023 at 15:27 | Alex Kimani

Last year, the U.S. energy sector emerged as the class valedictorian after it finished strongly in the green, the only of the country’s 11 market sectors to pull…

U.S. Oil Is Replacing Russian Crude In EU Markets

Feb 02, 2023 at 13:33 | Julianne Geiger

As the EU contends with the lack of Russian crude oil as a result of its restrictions on crude oil imports and the G7's price ceiling on Russian crude oil, the amount of U.S.…

Will U.S. Shale Ever Return To Its Glory Days?

Feb 02, 2023 at 10:37 | David Messler

This article is intended to provide an update on one of the key trends I highlighted in my last OilPrice article on shale…

Venezuela Is Scrambling To Make The Most Of The Global Oil Shortage

Feb 02, 2023 at 10:24 | Felicity Bradstock

Venezuela is making the most of the global oil shortage, in the wake of the Russian invasion of Ukraine, as the U.S. was forced to make certain concessions…


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