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Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

U.S. supermajors ExxonMobil and Chevron,…

A Beginner's Guide to Geoengineering

A Beginner's Guide to Geoengineering

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Energy

Oil Prices Bounce Back On Continued Supply Disruptions

Sep 08, 2021 at 09:01 | Tsvetana Paraskova

Oil prices rebounded early on Wednesday, rising by more than 1 percent, as nearly 80 percent of the total crude oil production in the U.S. Gulf of Mexico remains shut-in…

The Major Problem With EVs No One Is Talking About

Sep 07, 2021 at 15:56 | Irina Slav

When GM earlier this year started recalling Bolts, it issued a warning to owners of the EV: don’t charge your car battery to 100 percent. Normally, this would…

World’s Third-Largest Oil Importer Sees Rebound In Demand

Sep 07, 2021 at 15:49 | Irina Slav

India's crude oil demand has been on the mend since mid-summer. It is likely to continue along this same vein for quite a while, with at least one…

Why The UAE Gave Pakistan An Oil Concession For The First Time Ever

Sep 07, 2021 at 13:47 | Simon Watkins

The Abu Dhabi National Oil Co (ADNOC) is the key corporate proxy at the centre of the U.S.’s Middle East pushback against increasing…

Merger Mania Is Back In North America’s Oil Patch

Sep 07, 2021 at 13:32 | Tsvetana Paraskova

The oil and gas industry is back in consolidation mode after a low point in the spring of 2020 during the worst of the oil price and demand…

Oil Prices Slide Despite Supply Disruption

Sep 07, 2021 at 12:15 | Tom Kool

Oil prices fell on Tuesday morning as fears grew that Asian demand would not recover as quickly as originally expected. Supply disruptions from Hurricane Ida were not significant enough…

Canadian Pipeline Giant Enbridge Looks To Export 'Cheap' American Oil

Sep 07, 2021 at 12:00 | Tsvetana Paraskova

Canadian pipeline giant Enbridge is buying a U.S. midstream operator for US$3 billion, betting on advancing its strategy to export from the U.S. Gulf Coast low-cost crude…

Lukoil: OPEC+ Aims To Keep Oil Price In The $65-75 Range

Sep 07, 2021 at 11:19 | Tsvetana Paraskova

The OPEC+ alliance looks to keep oil prices in the range between $65 and $75 per barrel, and this is a comfortable price for consumers, Vagit Alekperov,…

Can India Become A Major Renewable Energy Player?

Sep 07, 2021 at 10:44 | Vanand Meliksetian

Successful economies have several things in common, including a stable and reliable energy system with relatively affordable prices for households and businesses. This puts developing countries such as…

China’s Oil Imports Rebounded In August

Sep 07, 2021 at 08:56 | Irina Slav

China’s crude oil imports averaged 10.25 million bpd daily last month, more than 5 percent higher than in July, energy analytics provider OilX has reported. Customs data…

Oil Erases Early Gains On Stronger Dollar And Demand Concerns

Sep 07, 2021 at 08:29 | Tsvetana Paraskova

Oil prices erased earlier gains and fell on Tuesday morning as a rising U.S. dollar and concerns about demand weighed on market sentiment. As of 8:40 a.m.…

A 150-Year Old Idea Could Lead To A Breakthrough In Space Travel

Sep 06, 2021 at 15:20 | Alex Kimani

The increasing frequency of both natural and man-made catastrophes such as worldwide pandemics and climate catastrophes has re-validated the urgency to establish humanity as a multi-planet species. Indeed,…

Ecuador Looks To Double Its Oil Production

Sep 06, 2021 at 14:09 | Matthew Smith

The oil-dependent South American country Ecuador, which left OPEC in January 2020 to avoid production quotas, has embarked on an ambitious plan to double its oil output. The…

What Does The Return Of The Taliban Mean For Oil Markets?

Sep 06, 2021 at 13:25 | Matthew Smith

In a stunning turn of events, the Taliban swept across Afghanistan seizing the capital Kabul nearly three weeks ago and taking control of the country in a campaign…

India Is Running Out Of Coal

Sep 06, 2021 at 13:14 | Haley Zaremba

Just a few weeks ago Oilprice reported that India is nowhere near ready to kick fossil fuels. As the country’s population continues to…

Hurricane Ida Continues To Weigh On Gulf Oil Production

Sep 06, 2021 at 11:09 | Tsvetana Paraskova

More than a week after Hurricane Ida made landfall in Louisiana, nearly 90 percent, or some 1,6 million bpd of U.S. Gulf oil production remains shut-in, more than…

Europe’s Soaring Gasoline Consumption Triggers Rise In Oil Demand

Sep 06, 2021 at 10:32 | Charles Kennedy

Europe’s oil demand, especially road fuel consumption, has rebounded in recent weeks, as many Europeans hit the road for late summer vacations after a year and a half of restrictions…

Saudis Make Deep Price Cuts To Save Market Share

Sep 06, 2021 at 08:09 | Tsvetana Paraskova

Saudi Arabia slashed the official selling prices (OSPs) for its oil exports to Asia in October more than expected in a move seen as the world’s largest crude exporter…

Who's To Blame For High Gas Prices?

Sep 03, 2021 at 15:26 | Haley Zaremba

Earlier this year, as oil prices recovered from their pandemic lows and oil-producing companies miraculously stuck to their pledged production cuts, headlines were flooded with semi-alarmist speculation about…

3 Bullish Catalysts For Oil This Fall

Sep 03, 2021 at 15:09 | Alex Kimani

After a dreary stretch that saw oil markets record the worst monthly loss this year, the markets have kicked off trading in September on a brighter note. Both…

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