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Equinor To Develop Arctic Gas Project To Boost Exports To Europe

Nov 22, 2022 at 07:20 | Tsvetana Paraskova

Norway’s energy giant Equinor will invest the equivalent of $1.44 billion with its partners to develop the Irpa gas field north of the Arctic circle in the Norwegian…

Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors

Nov 21, 2022 at 11:42 | Charles Kennedy

Reports have emerged that Saudi Arabian officials are now denying news originating from the Wall Street Journal that OPEC is considering a 500,000 barrel-per-day oil production increase. 

Oil Prices Plunge As OPEC+ Considers Production Hike

Nov 21, 2022 at 10:39 | Julianne Geiger

OPEC’s de facto leader Saudi Arabia and OPEC+’s other members are discussing an oil production increase, OPEC delegates said on Monday, according to the Wall Street Journal. The full group…

China’s Zero-Covid Tweaks Are A False Flag For Oil Markets

Nov 21, 2022 at 08:09 | Simon Watkins

The bullish reaction in several of the world’s leading stock markets on the news that China has ‘relaxed’ its economy-crimping ‘zero-Covid’ policy was misplaced from all perspectives. Broadly,…

Floating LNG Projects Boom As Europe Races To Stock Up On Gas

Nov 21, 2022 at 08:02 | Tsvetana Paraskova

Floating LNG projects are becoming increasingly popular as Europe races against time to get its hands on as much natural gas as soon as possible, and developers look…

Why Is The U.S. Losing Oil Refining Capacity?

Nov 21, 2022 at 07:54 | Robert Rapier

One of the under-reported factors behind the ongoing diesel shortage is the loss of U.S. refining capacity since the start of the Covid-19 pandemic. Today I will discuss…

Europe Still Can’t Quit Russian LNG

Nov 21, 2022 at 07:47 | Felicity Bradstock

As Europe edges nearer to its 5th December cut-off date for Russian oil imports, it is still finding it hard to wean itself off…

Europe Races To Stock Up On Russian Diesel Ahead Of Embargo

Nov 21, 2022 at 07:42 | Tsvetana Paraskova

Europe has hiked its diesel imports from Russia this month as the EU embargo on imports of Russian oil products starting on February 5 draws closer, oil flow…

Goldman Sachs Slashes Oil Price Forecast By $10

Nov 21, 2022 at 07:38 | Irina Slav

Goldman Sachs has cut its oil price forecast by $10 to $100 per barrel, citing lockdowns in China that would dampen demand for the commodity. The…

U.S. Rig Count Sees Modest Gain As Oil Dives Below $80

Nov 18, 2022 at 12:17 | Julianne Geiger

The number of total active drilling rigs in the United States rose by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count…

M&A Boom May Not Lead To Drilling Spree In U.S Shale

Nov 18, 2022 at 11:33 | Alex Kimani

The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the oil and gas M&A playbook. Previously, oil and gas companies made numerous…

Lithium Stocks Could Be A Buy As Rally Stalls

Nov 18, 2022 at 10:32 | Alex Kimani

After a furious rally that saw prices climb 500%, a two-year buying frenzy in the lithium market is showing signs of cooling off as the huge EV wave…

New Material Could Replace Lead In Many Energy Storage Devices

Nov 18, 2022 at 10:00 | Brian Westenhaus

A team of Penn State researchers have observed and reported for the first time the unique microstructure of a novel ferroelectric material, enabling the development of lead-free…

Today’s Energy Crisis Is Unlike Anything We’ve Ever Seen Before

Nov 18, 2022 at 09:53 | Gail Tverberg

Back in 2005, the world economy was “humming along.” World growth in energy consumption per capita was rising at 2.3% per year in the 2001 to 2005 period. China had…

Moscow Ready For High-Level Talks With Washington Regarding “Strategic Stability

Nov 18, 2022 at 09:52 | RFE/RL staff

Russian Deputy Foreign Minister Sergei Ryabkov says Moscow is hopeful a deal can be made with Washington to exchange prisoners, including convicted Russian arms dealer Viktor Bout, who…

A Quarter Of All Americans Could Face Energy Emergencies This Winter

Nov 18, 2022 at 09:32 | ZeroHedge

The US heating season has officially begun, and new warnings show that a quarter of all Americans could experience energy emergencies this winter if temperatures fall below average…

Is The Eagle Ford Shale Play Getting A Second Wind?

Nov 18, 2022 at 09:11 | David Messler

Over the last year, the Eagle Ford Shale play has seen a lot of renewed interest in investment as well as M&A activity. Just this November, Marathon Oil…

Oil Rout Intensifies As China Cuts Oil Purchases

Nov 18, 2022 at 09:10 | Tom Kool

The selloff in oil continued on Friday, with WTI prices falling more than 5% as China reportedly asked the Saudis to ship less crude in December.Oilprice Alert: This…

U.S. Unveils Program To Encourage Renewable Investment In Developing Countries

Nov 18, 2022 at 08:59 | Felicity Bradstock

Last week, at the COP27 climate summit in Egypt, U.S. Climate Envoy John Kerry announced the potential for a carbon offset program that could go a long way…

Lebanon Can’t Fix Its Economic Crisis Without Outside Help

Nov 18, 2022 at 08:44 | Felicity Bradstock

Last year, Lebanon was thrown into economic turmoil as its long-standing energy crisis worsened even further, leading to prolonged blackouts and severe fuel shortages. A year on, Lebanon…

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