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Energy

India’s Oil Demand Recovery Threatened By New Restrictions

Apr 14, 2021 at 11:34 | Felicity Bradstock

As the summer months draw nearer, usually meaning a rise in oil demand for India, increased pandemic restrictions threaten this trend in the world’s third-largest oil importer.

The Permian Basin Is Poised For A Production Boom

Apr 14, 2021 at 11:23 | Felicity Bradstock

As the U.S. and global economy recover, production in the Permian Basin is finally returning to pre-pandemic production levels as the American oil industry gets back on track.…

Lithium Prices Could Triple As EV Production Soars

Apr 14, 2021 at 10:56 | Rystad Energy

The global market share of electric vehicles is set to rise so quickly that battery manufacturers will not be able to meet production requirements, a Rystad Energy analysis…

The World Still Needs Hundreds Of Billions Of Barrels Of Oil

Apr 14, 2021 at 10:35 | Haley Zaremba

Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that

Why Are Solar Projects Becoming More Expensive?

Apr 14, 2021 at 10:17 | Rystad Energy

The cost of building solar farms has been declining for several years, making solar power increasingly popular with projects of all sizes mushrooming around the world. The tide…

From JFK To Trump: U.S. Oil Production By President

Apr 14, 2021 at 09:53 | Robert Rapier

Over the past 60 years, U.S. oil production has seen its ups and downs. From the decline that began in 1970 through the fracking boom of the 2000s,…

Oil Prices Jump As EIA Reports A Crude Draw

Apr 14, 2021 at 09:45 | Irina Slav

Crude oil prices climbed on Wednesday morning after the Energy Information Administration reported crude oil inventories had shed 5.9 million barrels in the week to April 9. This compared…

The Story Behind The World’s Longest Electrically Heated Oil Pipeline

Apr 14, 2021 at 09:25 | Felicity Bradstock

Uganda has signed a landmark deal with Tanzania for the construction of the world’s longest electrically heated crude oil pipeline, working in partnership with French oil supermajor Total. …

Fracking Survives In California As Senate Blocks Bill

Apr 14, 2021 at 09:11 | Charles Kennedy

A bill that would have banned hydraulic fracturing in California along with most other ways of extracting crude oil failed to pass the state Senate’s Natural Resources and Water Committee…

The King Of Oilfield Services Is Back In A Big Way

Apr 13, 2021 at 17:46 | David Messler

It is no secret that the reflation in oil prices, WTI and Brent, above $50.00/bbl in the last six months has been a boon to the companies that…

Will Rising Middle East Oil Prices Harm Global Demand Recovery?

Apr 13, 2021 at 16:05 | Viktor Katona

As we continue to kick the prospect of global economic recovery down the road of 2021, caution remains the buzzword of the oil markets. The less changes month-to-month, the more…

OPEC’s Bullish Demand Data Sparks Hope Of New Oil Rally

Apr 13, 2021 at 15:14 | Julianne Geiger

OPEC has revised its 2021 oil demand upward to stand 190,000 bpd higher than last month's estimates, on the back of an economic rebound that surpasses last month's outlook. Global…

Ecuador’s Shock Presidential Election Result May Save Its Oil Industry

Apr 13, 2021 at 13:53 | Matthew Smith

Ecuador’s beaten-down petroleum industry has been struggling to recover from a savage 2020 where pipeline failures, the COVID-19 pandemic, corruption scandals, and heightened…

The Difficult Truth About Decarbonization

Apr 13, 2021 at 13:23 | Osama Rizvi

A recently released report by Carbon Tracker claims that fossil fuel-reliant countries will see a 51% drop in oil and gas revenues in…

Oxford Institute: Don't Expect A Supercycle In Oil

Apr 13, 2021 at 11:59 | Tsvetana Paraskova

The markets are not headed to a new supercycle in oil, and $100 a barrel oil is still a very distant possibility unless major unexpected market shocks occur, analysts at…

Oil Prices Rangebound As Long Term Problems Emerge

Apr 13, 2021 at 11:44 | Tom Kool

Have you already subscribed to the Oilprice.com youtube channel? If not, sign up today to make sure you don't miss out on any of the

China’s Oil Imports Surge Ahead Of Refinery Maintenance Season

Apr 13, 2021 at 10:31 | Irina Slav

China imported 11.69 million barrels of crude oil daily last month, up by 21 percent on the year, Reuters has reported, citing official customs data. Earlier this month, energy…

China's Clampdown On Small Refiners Could Impact Oil Demand

Apr 13, 2021 at 10:00 | Tsvetana Paraskova

In a bid to reduce refining overcapacity, China is stepping up pressure on independent refiners to uproot illegal tax practices and check if outdated facilities have been closed as required,…

Rising Middle East Production May Trigger A New Oil Price War

Apr 13, 2021 at 09:02 | Irina Slav

Rising Middle Eastern oil production is making the commodity that comes out of this region cheaper compared to Brent-linked grades, which may lead to a price war, Bloomberg has

Big Oil’s Dwindling Reserves Are A Major Problem

Apr 12, 2021 at 17:50 | Cyril Widdershoven

In the coming years, the power structure of global oil markets is set for a major shakeup if the reserve life of International Oil Companies (IOCs) continues to…

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