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High Oil Prices Force Biden Admin to Halt SPR Refill Plans

High Oil Prices Force Biden Admin to Halt SPR Refill Plans

The Biden administration has canceled…

U.S. Oil, Gas Drillers See Continued Slowdown

U.S. Oil, Gas Drillers See Continued Slowdown

The total number of active…

Oil Moves Higher on Inventory Draw

Oil Moves Higher on Inventory Draw

Crude oil prices ticked higher…

Energy

Chevron Won’t Cut Oil & Gas Business For Renewables

Jun 24, 2021 at 13:31 | Charles Kennedy

Unlike European supermajors, U.S. Chevron doesn’t have any plans to reduce its oil and gas business to invest in solar or wind power, chief financial officer Pierre Breber said at…

Oil And Gas Companies Set For Record Free Cash Flow This Summer

Jun 24, 2021 at 11:45 | Rystad Energy

With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF)…

Analysts Expect OPEC+ To Raise Oil Supply From August

Jun 24, 2021 at 11:04 | Tsvetana Paraskova

The OPEC+ alliance is widely expected to decide next week to further ease the collective production cuts, but the additional supply from August will likely still be less than the…

Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’

Jun 24, 2021 at 10:04 | Tsvetana Paraskova

$100 a barrel oil “sure is possible,” Harold Hamm, executive chairman at Continental Resources, told FOX Business on Thursday, commenting on oil prices and supply and demand on the…

Oil Prices Set To Head Even Higher As Market Tightens

Jun 23, 2021 at 15:12 | Tsvetana Paraskova

Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally…

Landmark Gas Deal Confirms UAE’s Commitment To U.S.’ Middle East Strategy

Jun 23, 2021 at 15:05 | Simon Watkins

The United Arab Emirates (UAE) is the key Arab state at the centre of the U.S.’s Middle East pushback against increasing Chinese and Russian influence across the region via the…

Will Canada’s Oil Sands Survive The Green Revolution?

Jun 23, 2021 at 15:04 | Haley Zaremba

Canada’s climate is heating up at a rate twice as fast as the rest of the world. In order to avoid the worst impacts of climate change, experts…

Suriname's Oil Boom Keeps Getting Hotter

Jun 23, 2021 at 15:00 | Matthew Smith

The Guyana-Suriname Basin, which the U.S. Geological Service estimates hold crude oil resources of up to 33 billion barrels, is in the midst…

Can Russia Become A Major Player In Helium Markets?

Jun 23, 2021 at 12:09 | Fares Kilzie

This month, Gazprom launched the first of six lines of the Amur Gas Processing Plant (GPP). By 2025, when the plant reaches its design capacity,…

The Unintended Consequences Of Punishing Big Oil

Jun 23, 2021 at 11:25 | Tsvetana Paraskova

The ‘day of reckoning’ for Big Oil, when events at boardrooms and courtrooms issued last month the starkest warning to oil majors’ license to operate yet, was hailed…

Big Oil Backs $100 Crude Narrative

Jun 23, 2021 at 11:02 | Charles Kennedy

Three Big Oil chief executives have joined analysts and traders in expecting Brent crude to reach $100 per barrel, Bloomberg reports. Exxon’s Darren Woods, Patrick Pouyanne of TotalEnergies, and Shell’s…

Oil Climbs Higher On Bullish EIA Data

Jun 23, 2021 at 10:08 | Irina Slav

Oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 7.6 million barrels for the week to June 18. This compared with…

Oil Rally Continues On Bright U.S. Economic Data

Jun 23, 2021 at 09:09 | Tsvetana Paraskova

Oil prices rose early on Wednesday, driven by brighter economic prospects for the United States and continued recovery in oil demand in America and elsewhere in the world. As of…

Reuters: U.S. Agrees To Lift Iran Oil Sanctions

Jun 23, 2021 at 07:56 | Irina Slav

The United States has agreed to lift all sanctions on the Iranian oil and shipping industry and to remove several senior officials from a blacklist, Reuters has reported, citing…

How Much Oil Can Saudi Arabia Really Produce?

Jun 22, 2021 at 16:34 | Simon Watkins

For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by…

Can The Middle East Survive Without Oil?

Jun 22, 2021 at 16:27 | Irina Slav

Gulf oil producers are finding it difficult to diversify their economies away from their biggest export revenue contributor, and it may take them at least a decade to…

Affordable Or Clean: You Can Only Have One In Electric Vehicles

Jun 22, 2021 at 15:46 | Irina Slav

Electric vehicles have been touted as the greatest invention after sliced bread mostly because of the critical role a switch to emission-free vehicles would play in the decarbonization…

China's Private Oil Refiners Are Too Powerful For Beijing

Jun 22, 2021 at 13:01 | Alex Kimani

In a dramatic reversal of fortunes, Beijing has announced huge cutbacks in import quotas for the country's private oil refiners. According to Reuters,…

Oil Rally Unlikely To Be Derailed By Supply Side Risks

Jun 22, 2021 at 12:22 | Yousef Alshammari

Despite trading at above $74, Brent prices retreated following the comments made by the chairman of the Federal Reserve which gave a boost to the US dollar.

Oil Prices Fall As OPEC+ Looks To Boost Production

Jun 22, 2021 at 11:09 | Josh Owens

Oil prices soared on Monday as optimism around demand grew, but rumors that OPEC+ is considering boosting its oil production in August sent prices lower on Tuesday morning

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