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Energy

Oil Prices Jumps On Large Crude Draw As Markets Ignore Gasoline Build

Dec 22, 2021 at 09:42 | Julianne Geiger

Crude oil prices recovered on Wednesday morning despite word from the Energy Information Administration of an inventory draw of 4.7 million barrels for the week to December 17. At 423.6…

U.S. Crude Oil Production Saw The Biggest Drop On Record In 2020

Dec 22, 2021 at 09:05 | Tsvetana Paraskova

Slashed drilling activity and low oil prices led to the largest decline in annual average crude oil production in the United States in 2020, when output slumped by 8 percent…

5 Electric Vehicle Companies To Watch In 2022

Dec 21, 2021 at 18:18 | Michael Kern

The electric vehicle boom is in full swing…And though company valuations have already skyrocketed in the past couple of years…

Colombia May Lose Energy Independence As Crude Production Falls

Dec 21, 2021 at 12:17 | Rystad Energy

Colombia, Latin America’s third-largest oil producer after Brazil and Mexico, is in danger of losing its energy self-sufficiency and a significant part of its gross domestic product (GDP)…

Uncertainty To Dominate Oil Markets In 2022

Dec 21, 2021 at 12:16 | Tsvetana Paraskova

Following the rebound in oil and gas demand in 2021, the market is headed to 2022 with renewed uncertainties about prices, demand, and the industry’s longer-term prospects as…

Tackling One Of The Fracking Industry’s Biggest Problems

Dec 21, 2021 at 11:47 | Robert Rapier

In the previous article, I discussed some of the issues involving water and hydraulic fracturing (fracking). In a nutshell, although fracking has proven…

Oil Prices Bounce Back On Bullish News

Dec 21, 2021 at 11:45 | Tom Kool

While climbing Omicron cases have sparked fear of demand destruction, supply issues in Libya and falling U.S. oil inventories pushed prices higher.

Major Oil Find Brings UAE Closer To 5 Million Bpd Production Goal

Dec 21, 2021 at 11:10 | Simon Watkins

A key corporate proxy at the forefront of the Washington’s attempts to counteract the increasing influence of China and Russia across the Middle East is the Abu Dhabi…

The Real Reason Why Oil And Gas Is Here To Stay

Dec 21, 2021 at 10:47 | Julianne Geiger

The rallying cry around global climate initiatives grew increasingly boisterous leading up to COP26 this year. The media posited what bold, new goals would be set. Others questioned…

Europe Faces Full Blown Energy Crisis As Gas Prices Smash All Records

Dec 21, 2021 at 10:25 | ZeroHedge

Europe's energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices.  The gas price at the…

Global Oil And Gas Discoveries Set To Hit 75-Year Low In 2021

Dec 21, 2021 at 09:38 | Rystad Energy

Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any…

Europe’s Gas Prices Jump To Record As Key Pipeline From Russia Halts Flows

Dec 21, 2021 at 08:31 | Tsvetana Paraskova

European gas prices jumped to an all-time high on Tuesday after natural gas on a key pipeline from Russia to Germany reversed flow eastward and freezing temperatures took hold in…

Oilprice.com’s Top 5 Oil And Gas Picks For 2022

Dec 20, 2021 at 11:59 | Alex Kimani

With the year drawing to a close, it's time for investors to recalibrate their portfolios. The current year has been an annus mirabilis for…

Gas Markets Could See Sudden Bout Of Volatility

Dec 20, 2021 at 11:59 | Michael Kern

Weather forecasts are among the biggest factors driving natural gas prices, especially during the winter when heating demand is at its peak. At the same time, weather forecasts…

Is The White House Really Ready To Support U.S. Oil?

Dec 20, 2021 at 11:57 | Irina Slav

Earlier this month, Energy Secretary Jennifer Granholm told the U.S. oil industry that she wanted to work together on "future-facing solutions" and asked…

The Supreme Court Case That Could Transform Energy Markets

Dec 20, 2021 at 11:53 | Leonard Hyman & William Tilles

We think the US Supreme Court, with its 6-3 conservative majority, is considering one of the most sweeping changes to federal regulatory policy that we can imagine. The…

Robots Are Taking Over Oil Rigs

Dec 20, 2021 at 11:49 | Felicity Bradstock

After years in the making, a new fully automated drilling rig recently made its debut in Permian Basin. While this has long been a pipedream, restrictions faced by…

Oil Prices Crash On Renewed Omicron Panic

Dec 20, 2021 at 10:34 | Julianne Geiger

Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market.  At 11:32 a.m. EDT,

U.S. Gasoline And Crude Oil Prices Slide Before The Holidays

Dec 20, 2021 at 10:08 | Julianne Geiger

U.S. gasoline prices have fallen for the sixth week in a row, falling 2.9 cents from a week ago, according to a Gas Buddy report published Monday. A gallon of…

Libya Once Again Tries To Boost Oil Production

Dec 20, 2021 at 09:04 | Irina Slav

Libya is considering a reward-and-penalties system for oil companies in order to motivate them to meet production targets. Per a report by Bloomberg, the plan includes introducing new contracts…

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