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Energy

Mumbai Gasoline Prices Now 2x More Expensive Than New York City

Jun 01, 2021 at 12:47 | Charles Kennedy

Citizens of Mumbai now pay twice as much for gasoline as a citizen of New York City, Bloomberg has reported, with prices at the pump up 11 percent since…

IEA Backpedals, Says Oil Demand Will Soon Reach Pre-Crisis Levels

Jun 01, 2021 at 12:08 | Charles Kennedy

Oil demand is recovering faster than previously expected, and unless OPEC+ puts additional barrels on the market on top of the plans to restore 2 million barrels per day (bpd)…

Oil Tops $71 As OPEC+ Keeps Output Plans Unchanged

Jun 01, 2021 at 09:08 | Tsvetana Paraskova

Oil prices rallied ahead of and during the monthly meeting of OPEC+ early on Tuesday after the alliance’s Joint Ministerial Monitoring Committee (JMMC) signaled there would be no changes in…

Asian Refinery Margins Crash To Nearly $0

Jun 01, 2021 at 08:12 | Charles Kennedy

Asian refiners are struggling with a major slump in profit margins because of the resurgence in Covid-19 infections in the region, Bloomberg has reported

New Iran Nuclear Deal May Completely Derail Oil Price Rally

May 31, 2021 at 18:08 | Simon Watkins

According to senior political and economic sources who work closely with the current Iranian government exclusively spoken to by OilPrice.com last week, the U.S. has agreed to a tentative removal…

OPEC Could Win Big As Supermajors Fend Off Environmentalists

May 31, 2021 at 17:33 | Tsvetana Paraskova

Environmentalists and shareholders concerned about the risks of investing in oil in the energy transition were not the only winners of last week’s historic rebuke

The U.S. Shale Patch Could Be In For Another Wave of Mergers

May 31, 2021 at 17:01 | Irina Slav

After last year saw some huge deals in the U.S. shale space, with ConocoPhillips merging with Concho Resources and Chevron buying Noble Energy, among others, it looks that…

The Oil ETFs To Watch If The Iran Deal Crumbles

May 31, 2021 at 14:58 | Alex Kimani

Back in April, we discussed the possibility of president Biden's administration reviving the 2015 nuclear deal with Iran…

Get Ready For $5 Gasoline

May 31, 2021 at 14:40 | ZeroHedge

Get ready for $5 per gallon gasoline - especially if you live in California. At least, that was the contention of a new WSJ op-ed that claims higher taxes and environmental…

The IEA Is Pleading To China To Slow Down Coal Production

May 31, 2021 at 14:09 | Haley Zaremba

The International Energy Agency (IEA) has issued yet another warning that if we are to have any hope of avoiding the worst effects of global warming, we have…

Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd

May 31, 2021 at 13:05 | Charles Kennedy

Iran can boost its crude oil production to as much as 6.5 million barrels per day (bpd) when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister…

Is This Just The First In A Series Of Gas Discoveries For Turkey?

May 31, 2021 at 12:04 | Felicity Bradstock

The discovery of oil in three new wells in Turkey will add significantly to the country’s output, following Turkey’s biggest ever gas discovery just last year.

Oil Prices Rise At The Start Of Driving Season

May 31, 2021 at 10:13 | Tsvetana Paraskova

Oil prices rose by 1 percent early on Monday, driven by expectations that recovering demand with summer travel and reopening economies will easily accommodate the gradual increase in OPEC+ production.…

Iran Starts Shipping Oil Via Strategic Pipeline

May 31, 2021 at 09:05 | Irina Slav

Iran has started sending crude oil via the Goreh-Jask pipeline that passes by the Strait of Hormuz and ends at the port city of Jask in the Gulf of Oman,…

The Two Major Obstacles To A Hydrogen Revolution

May 28, 2021 at 16:26 | Alan Mammoser

Hydrogen will play an indispensable role in a future carbon-free energy system, according to nearly everyone concerned with the matter. But scenarios showing its share in final energy…

Canada’s Largest Pension Funds Stick To Lucrative Oil Sands Bets

May 28, 2021 at 16:20 | Alex Kimani

Canada’s oil sands industry is too carbon-intensive for the environmental, social, and governance (ESG) targets of some of the world’s largest institutional investors. But not for Canada’s own…

The World's Most Attractive Renewable Energy Market

May 28, 2021 at 16:14 | Alex Kimani

When it comes to the global shift to low-carbon energy sources, Europe has traditionally been viewed as the world leader. Meanwhile, the United States has frequently been regarded…

Could Trains Ever Be Powered By Hydrogen?

May 28, 2021 at 16:01 | Irina Slav

Last year was a strong one for green hydrogen—at least in terms of media attention. Actual green hydrogen production did not change in any meaningful way, and there’s…

The Biggest Problem With The EU’s Emission Trading System

May 28, 2021 at 15:58 | Irina Slav

The European Union's Emissions Trading System has seen record-high prices lately. This has prompted two kinds of response: on one side, some analysts and officials have welcomed the…

Saudi Arabia’s Oil Exports Soar Ahead Of OPEC+ Meeting

May 28, 2021 at 15:29 | Felicity Bradstock

After over a year of pandemic-driven volatility and weak oil demand, Saudi Arabia is now experiencing an oil export boom.  Saudi Arabia’s oil exports increased in…

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