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Trump's VP Choice Could Signal Rollback of Climate Protections

Trump's VP Choice Could Signal Rollback of Climate Protections

Climate activists express strong opposition…

Oil and Gas Are Here To Stay

Oil and Gas Are Here To Stay

Despite the global push for…

Energy

European Natural Gas Prices Fall as Freeport LNG Resumes Operations

Jul 22, 2024 at 09:03 | Charles Kennedy

Europe’s benchmark natural gas prices slumped on Monday to the lowest level in one week after the U.S. export facility Freeport LNG resumed some operations following a shutdown due to…

The Plot to Further Disrupt Russian Oil Flows Proves That Sanctions Don’t Work

Jul 19, 2024 at 14:29 | Julianne Geiger

Ukrainian President Volodymyr Zelensky is set to attend a UK Cabinet meeting to discuss strategies aimed at further disrupting Russian oil sales as the ongoing Russia-Ukraine conflict continues to reverberate…

U.S. Oil, Gas Drilling Activity Sees Rebound

Jul 19, 2024 at 12:21 | Julianne Geiger

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

Why China’s Commodity Imports Rise amid Struggling Economy

Jul 19, 2024 at 10:32 | Tsvetana Paraskova

So far this year, China has imported growing volumes of most of the key commodities, with the notable exception of crude oil. Chinese purchases of LNG, coal, copper, and iron…

Turkey Willing To Boost EU Gas Exports If Bloc Guarantees Demand

Jul 19, 2024 at 09:50 | Alex Kimani

Turkey has said it is prepared to significantly increase natural gas exports to the European Union, desperate to further wean itself off Russian gas, but it won’t be easy or…

The Dramatic Fall of Mexico’s Oil Giant

Jul 19, 2024 at 09:38 | Felicity Bradstock

Once one of the world’s most successful oil companies, the Mexican state-owned firm Pemex, has been falling increasingly into debt over the last decade, only surviving by pursuing…

U.S. Natural Gas Market Becomes a Global LNG Force

Jul 19, 2024 at 09:36 | Tsvetana Paraskova

After years of being more or less isolated from the rest of the world, U.S. benchmark natural gas prices are becoming an influential force in shaping the structure of many…

China's Largest Oil Refiner Sees Almost No Throughput Growth

Jul 19, 2024 at 09:32 | Alex Kimani

China's largest oil refining company, China Petroleum & Chemical Corp., aka Sinopec, processed 126.69 million metric tons of crude oil or 5.08 million barrels per day (bpd) in the first…

Oil Prices Under Pressure as Concerns Mount Over Chinese Demand

Jul 19, 2024 at 09:06 | Michael Kern

While there is plenty to be bullish about in oil markets today, rising concerns over Chinese demand are weighing on oil prices.

Russia's Seaborne Oil Exports Plunge

Jul 19, 2024 at 07:57 | Editorial Dept

1. Russia Seaborne Oil Exports Plunge on OPEC+ Compliance and Higher Runs - Russia’s crude oil exports have 

Houthi Tanker Attack Causes 200-Kilometer Oil Slick

Jul 19, 2024 at 04:56 | Editorial Dept

Politics, Geopolitics & Conflict An oil tanker struck by Houthis in the Red Sea earlier this week has exploded, leaving a 200-kilometer-long oil slick. The Liberian-flagged tanker, the Chios Lion,…

Israeli Drone Strike Kills Syrian Oil Kingpin

Jul 19, 2024 at 04:54 | Editorial Dept

An Israeli drone strike this week along the Beirut-Damascus road on Syria’s border with Lebanon killed a key Syrian businessman who also serves as the regime’s oil supply kingpin. The…

3 Stocks Set to Outperform if Trump Wins in November

Jul 19, 2024 at 03:48 | Editorial Dept

Unless you live under a rock, you are probably aware that there was an attempt on Donald Trump’s life this week. So far, the knee-jerk reaction of many of his…

Bearish Risks Remain Despite a Tight Oil Market

Jul 19, 2024 at 03:44 | Editorial Dept

Crude oil prices demonstrated resilience this week, recovering from early losses to finish higher on Thursday. Despite conflicting economic signals globally, several key factors fueled a bullish sentiment in the…

Oil Prices Are Heading for a Second Consecutive Weekly Decline

Jul 19, 2024 at 02:23 | Tsvetana Paraskova

Oil prices fell in Friday trade in Asia and were poised for a second straight weekly decline as concerns about demand more than offset falling U.S. crude inventories and rising…

Oil Prices Hold Gains As US Jobs Data Appears to Support Rate Cuts

Jul 18, 2024 at 10:40 | Charles Kennedy

Oil was trading down slightly on Thursday but largely holding onto its gains from the previous day, which saw the U.S. benchmark rally over 2.9%. American jobs data are feeding…

Utilities Must Adapt, Not Just Respond To Extreme Weather

Jul 18, 2024 at 09:53 | Leonard Hyman & William Tilles

After electricity is restored in Houston, people may ask with respect to future electricity reliability: what’s next? Well, in Houston we would characterize Centerpoint’s response as being more or less…

Are AI Data Centers Sparking a Bullish Case for Natural Gas?

Jul 18, 2024 at 08:33 | David Messler

In a recent OilPrice article, I argued that new demand from AI Data centers would be bullish for the natural gas market. In…

UK's North Sea Oil Ban: Who Benefits, and at What Cost?

Jul 18, 2024 at 08:27 | City A.M

Fossil fuels will remain part of the energy mix for decades to come – if we don’t extract our own resources from the North Sea, our loss will…

NATO Wrestles with Chinese Influence in Member States

Jul 18, 2024 at 08:23 | RFE/RL staff

In a NATO summit in Washington centered on the war in Ukraine and extending support to Kyiv, the Western military alliance also took aim at China for being…

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