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European Automakers on Edge as Chinese EVs Gain Traction

European Automakers on Edge as Chinese EVs Gain Traction

Chinese EVs are making significant…

Gasoline Demand Continues To Grow Despite EV Boom

Gasoline Demand Continues To Grow Despite EV Boom

Electric vehicles are rapidly gaining…

Energy

Optimism Grows Over Oil Demand Recovery

Apr 07, 2021 at 14:29 | Felicity Bradstock

OPEC and partners are betting on a significant boost in oil demand over the coming months as member states get ready to ramp up oil production. 

The Oil Industry Receives An Unexpected Boost From Biden

Apr 07, 2021 at 13:51 | Haley Zaremba

The election of President Joe Biden has been the cause of much hand-wringing in the United States oil and gas sector. The current…

Mining Giant Rio Tinto Starts Lithium Production In The U.S.

Apr 07, 2021 at 13:08 | MINING.com

Rio Tinto (ASX, LON, NYSE: RIO) has kicked off lithium production…

OPEC+ Was Wise To Ease Output Cuts Despite Demand Concerns

Apr 07, 2021 at 12:11 | Yousef Alshammari

Oil prices are pulling back this week as concerns about the rising number of COVID-19 cases and imposed lockdown measures in Europe and many other countries around the…

Optimism Returns To Canada's Oil Industry

Apr 07, 2021 at 10:03 | Charles Kennedy

Optimism is returning to the Canadian oil industry as demand rebounds and production follows, Bloomberg has reported, citing the chief of the Canadian Association of Petroleum Producers. "There's no…

Rising Fuel Stocks Push Oil Prices Lower

Apr 07, 2021 at 09:43 | Irina Slav

Crude oil prices fell on Wednesday after the Energy Information Administration reported a crude oil inventory draw of 3.5 million barrels for the week to April 2 along with…

UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub

Apr 06, 2021 at 17:50 | Simon Watkins

Three key developments were announced last week by the UAE in line with its role as a principal member of the U.S.’s new Middle East strategy to counter China’s…

Iran’s Comeback To Oil Markets Unlikely To Cause Price Crash

Apr 06, 2021 at 17:49 | Alex Kimani

Oil investors now have to contend with another wildcard: Iran soon returning to the oil markets. After a three-year layoff, Iran could be poised to officially rejoin the ranks of…

Why Has President Biden Sidelined Natural Gas?

Apr 06, 2021 at 16:53 | Irina Slav

“Build Back Better” was the slogan that accompanied the Biden administration’s initiative for economic recovery after the pandemic. The actual plan that the administration released was titled the “American Jobs…

Should U.S. Oil Drillers Be Worried About Carbon Taxes?

Apr 06, 2021 at 16:02 | Tsvetana Paraskova

As governments are looking to put a price on carbon or raise current carbon taxes, the oil and gas industry globally is bracing for the impact of those levies on…

Qatar Looks To Dominate This Very-Fast Growing Gas Market

Apr 06, 2021 at 14:25 | Viktor Katona

Qatar Petroleum found itself in the limelight of the LNG scene in 2021, having clinched two major deals with Pakistan and China. All the while media buzz around the supply…

Russia Slashes 2021-2022 Oil Production Forecasts

Apr 06, 2021 at 13:04 | Tsvetana Paraskova

Russia is slashing its estimates for domestic crude oil, gas, and coal production for 2021 and 2022, according to the latest amendments in the government’s program for energy development.…

Demand Concerns Continue To Plague Oil Markets

Apr 06, 2021 at 12:56 | Josh Owens

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

OPEC Is Betting Big On Robust Oil Demand Recovery

Apr 06, 2021 at 12:09 | Tsvetana Paraskova

Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day (bpd) by July relies on expectations of robust oil demand recovery…

Goldman Sachs: Return Of Iranian Oil Won't Shock Markets

Apr 06, 2021 at 11:19 | Tsvetana Paraskova

Iranian oil potentially returning legitimately to the market will not be a shock and a complete return will not take place at least until the summer of next year, Goldman…

Oil Rises On Strong Economic Growth Signals

Apr 06, 2021 at 09:07 | Tsvetana Paraskova

Oil prices rose early on Tuesday along with rallies in other commodities and equities globally, following encouraging economic reports out of the United States and China and increased forecasts for…

India Cuts Orders For Saudi Oil After Price Hike

Apr 06, 2021 at 08:50 | Irina Slav

India will buy some 36 percent less crude oil from Saudi Arabia next month, unnamed sources told Reuters soon after the Kingdom said it would increase its official selling…

Iraq Moves To Exploit Its Massive Natural Gas Reserves

Apr 05, 2021 at 17:38 | Simon Watkins

Official estimates are that Iraq’s proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the world’s total,…

The U.S. Is Losing The Energy Tech War Against China

Apr 05, 2021 at 17:11 | Alex Kimani

For years, the U.S. and China have waged war over technology, trade, and capital markets. Tensions between the world’s leading economies reached a fever pitch during former president Trump’s term in…

Soaring Methane Emissions Suggest U.S. Oil Production Is Bouncing Back

Apr 05, 2021 at 16:10 | Irina Slav

U.S. oil production remains about 2 million bpd lower than its pre-pandemic levels. Still, methane emissions are already back to their levels from before the coronavirus. Worrying as this is…

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