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Breaking News:

Oil Should Stay In Triple Digits: Analyst

Energy

Oil And Gas Employment Is On The Rise, But Uncertainty Remains

Jun 27, 2022 at 10:52 | Felicity Bradstock

Employees worldwide are receiving mixed information about the outlook of oil and gas jobs as some experts believe the current geopolitical situation will drive employment figures up while…

U.S. Gulf Coast Crude Exports Are Breaking Records

Jun 27, 2022 at 10:46 | Rystad Energy

Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, as…

Europe’s Gas Prices Soar As Russian Supply Cuts Persist

Jun 27, 2022 at 10:14 | Tsvetana Paraskova

European benchmark gas prices jumped at the start of this week as Europe struggles to replace Russian gas losses to fill storage sites ahead of the winter. At the start…

Goldman Sachs: Upside Risk In Oil Is “Tremendously High”

Jun 27, 2022 at 10:08 | Charles Kennedy

Goldman Sachs continues to be very bullish on energy and believes that the upside risk in crude oil and refined products “is tremendously high right now,” Jeffrey Currie, global head…

G7's Oil Price Cap For Russia: Easier Said Than Done

Jun 27, 2022 at 09:14 | Irina Slav

The idea of putting a price cap on Russian oil exports in order to keep the oil flowing but reduce the Kremlin's revenues from it might sound rather exotic at…

U.S. Shale Drillers Begin Re-Fracking Existing Wells

Jun 27, 2022 at 06:27 | Irina Slav

Oil well re-fracking is on the rise in the United States as shale producers seek to boost production without making significant investments in new wells, Reuters has reported. Re-fracking…

Oil Prices Bounce As EIA Fails To Publish Inventory Data

Jun 24, 2022 at 12:43 | Tom Kool

The world's most-watched oil data report won't be released this week due to a power problem. Oil prices, meanwhile, are climbing higher on Friday to cancel out losses from earlier…

U.S. Drillers Add 10 Oil Rigs As Permian Takes The Lead

Jun 24, 2022 at 12:19 | Julianne Geiger

The number of total active drilling rigs in the United States rose by 13 this week, according to new data from Baker Hughes published on Friday. The total rig count…

Economic Uncertainty Could Spark A Drop In Diesel Consumption

Jun 24, 2022 at 10:33 | Alex Kimani

The oil price rally has really cooled down over the past three weeks, with oil prices declining to levels last seen prior to Russia's invasion of Ukraine. A…

Biden Snubbed Oil Firms And Met With Offshore Wind Partnership

Jun 24, 2022 at 10:30 | Charles Kennedy

U.S. President Joe Biden met on Thursday with governors, labor leaders, and business leaders to discuss the implementation of more offshore wind capacity, snubbing oil company executives who were…

Is A Recession Really The Next Big Risk For Oil?

Jun 24, 2022 at 10:25 | Irina Slav

Crude oil is a notoriously inelastic commodity—whatever its price, consumption does not vary greatly. Yet per a notorious industry joke, the only cure for high oil prices is…

Iranian Food Consumption Plummets As Prices Soar

Jun 24, 2022 at 10:22 | RFE/RL staff

Iranians are consuming fewer fruits and vegetables as skyrocketing prices shake the country's food security. Ismail Moradian, the vice-president of the Fruit and Vegetable Sellers Association,…

Moldova Granted €300 Million Loan To Bolster Its Energy Security

Jun 24, 2022 at 10:16 | RFE/RL staff

The European Bank for Reconstruction and Development (EBRD) is lending Moldova 300 million euros ($316 million) to help it secure additional gas reserves that could offset possible supply…

Why Chinese Imports Of U.S. LNG Collapsed

Jun 24, 2022 at 10:12 | Tsvetana Paraskova

As European LNG buyers are snapping up cargoes from the United States in a race to replace Russian pipeline deliveries, America has become a major supplier to Europe,…

Colombia Could Help Europe Ditch Russian Coal

Jun 24, 2022 at 10:08 | Global Risk Insights

Sanctions against Russia have intensified Europe’s search for alternative energy suppliers. One of them is Colombia whose President Duque seeks to take advantage of the country’s coal reservoirs.…

China Considers Extending EV Tax Breaks

Jun 24, 2022 at 10:05 | ZeroHedge

China is reportedly mulling more tax breaks for electric vehicles, just months after it was widely thought that Beijing would be phasing out subsidies for EVs. 

India's Top Refiner Sees Oil Staying Above $100 This Year

Jun 24, 2022 at 09:27 | Tsvetana Paraskova

Oil prices will likely remain elevated at over $100 per barrel for the rest of this year as the Russian invasion of Ukraine roils markets and changes trade flows, according…

Oil About To Post First Full Weekly Loss In 3 Months

Jun 24, 2022 at 08:29 | Irina Slav

As fears of a global recession deepen, oil prices may end the week with the first five-day consecutive losses since April, Bloomberg has reported, also noting the Fed’s intention to…

The World Is Failing In Both Energy Affordability And Climate Goals

Jun 23, 2022 at 15:26 | Alex Kimani

Global energy investment is on the rise and expected to grow by 8 percent annually this year, pushed up by record spending on clean energy, the International Energy Agency (IEA)…

Will Soaring Lithium Prices Spark Demand Destruction?

Jun 23, 2022 at 10:44 | Irina Slav

While everyone has been watching the price of oil and how high it might go, one other commodity that is now considered critical for our future has been…

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