Despite some crude inventory builds…
The Financial Times, citing unnamed…
Diesel fuel production has ramped…
As highlighted repeatedly by OilPrice.com there are two extremely powerful reasons why the oil price has been effectively capped around US$75-80 per barrel of…
After hitting a near three-year high of $4.20/MMBtu a week ago, natural gas prices have gone into a sharp reversal, leading to growing fears that the bull party…
Oil markets started off the week under pressure as continued speculative “long” liquidation amid delta variant demand concerns weighed on prices. However, in an ironic twist, the oil…
In a traditionally slow news month such as August, any event of relative significance gets abundant coverage. Yet the latest report by the…
As if we weren't throwing enough trillions of dollars away (or, should we say, printing enough trillions away) incentivizing ill conceived "green energy" subsidies, the Biden administration is…
Saudi Aramco is in an advanced stage of negotiations to buy in an all-stock deal, valued at up to $25 billion, some 20 percent of the oil refining and chemicals…
Oil prices dropped by more than 2 percent early on Monday, as weak data about China's economy and ultra-low U.S. consumer confidence weighed on the immediate global oil demand outlook.…
Several years ago, a major US electric utility, wrote in its 10-K , a document filed annually with federal securities regulators, that it could not “currently estimate the financial impact…
The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes—after rising by 3 last week. The total rig count is…
One of the U.S. shale pioneers, Chesapeake Energy, is back in business six months after emerging from bankruptcy with a major acquisition— marking its return to the shale…
Two-thirds of Americans are interested in electric cars. Sales of EVs hit a record of more than 300,000…
After a volatile week of reversals and re-reversals, oil prices have rebounded a bit again on Wednesday thanks to an overall risk-on theme returning to the markets after…
The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as…
The is the fourth article in a series on BP’s recently-released Statistical Review of World Energy 2021. Previous articles provided
Saudi Aramco is looking for deals that will boost investor confidence in the world’s largest oil company. These deals could include asset sales or supply agreements, according to…
Some of the world’s biggest oil and gas firms have started to sell what they say is carbon-neutral oil and liquefied natural gas (LNG) as buyers increasingly look…
After decades of world-leading oil and gas production, Norway is looking to stake its claim on a piece of the renewables market. But can the oil giant become…
As North Sea oil exploration and production will continue for years to come, oil companies look at ways to reduce emissions following significant criticism from environmentalists. But will…
Despite growing demand fears due to new outbreaks of covid across Asia, oil prices have remained resilient this week.
Despite a slowdown in fuel demand due to the Delta variant, Asian refiners have booked more crude oil from the United States for the fourth quarter, taking advantage of the…