• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 12 days By Kellen McGovern Jones - "BlackRock Behind New TX-LA Offshore Wind Farm"
  • 3 hours If hydrogen is the answer, you're asking the wrong question
  • 7 days Solid State Lithium Battery Bank
  • 6 days Bad news for e-cars keeps coming

Energy

International Oil Companies Caught in Kurdish Smuggling Web

Jul 12, 2024 at 06:14 | Tsvetana Paraskova

Kurdistan hasn’t been able to export its oil via a pipeline for more than a year now, but crude continues to flow out of the semi-autonomous Iraqi region—on tank trucks…

Banks Still Play a Major Role in Oil and Gas Funding

Jul 12, 2024 at 06:11 | Felicity Bradstock

Despite increasing pressure to defund oil and gas firms in support of international decarbonisation efforts, many major banks are continuing to provide financing to fossil fuel companies. A recent

Automakers Hit the Brakes on Electric Vehicle Investments

Jul 12, 2024 at 06:07 | Metal Miner

Via Metal Miner Month over month, the Automotive MMI (Monthly Metals Index) failed to break very far outside…

China's Crude Oil Imports Slump 11% in June

Jul 12, 2024 at 06:02 | Tsvetana Paraskova

China’s imports of crude oil slumped by 11% in June from a record-high in the same month of 2023, amid tepid fuel demand and lower run rates at independent refiners. …

Economic Data is Driving Oil Price Movements

Jul 12, 2024 at 01:17 | Irina Slav

Crude oil prices were set for a weekly decline despite earlier gains made largely on the back of economic data. The latest update that caused the…

California Refiners See Margins Shrink Despite Capacity Decline

Jul 11, 2024 at 14:59 | Charles Kennedy

Oil refiners in California saw lower-than-average margins in the past few months in an unusual twist where lower operating capacity did not automatically lead to higher margins. According to 

Sanctions Strand Over 50 Russian Oil Tankers

Jul 11, 2024 at 13:05 | Tsvetana Paraskova

More than 50 oil tankers that have previously transported Russian oil are now sitting empty and idle in the Baltic Sea, the Black Sea, offshore Russia's Far East, China, South…

ING Sees $88 Brent In Q3 2024

Jul 11, 2024 at 10:53 | Julianne Geiger

In its latest market note, ING states that OPEC+ policy is still the critical factor in determining the state of the oil markets. At the beginning of 2024, ING projected…

Big Oil is Quietly Investing in the Lithium Revolution

Jul 11, 2024 at 08:08 | Haley Zaremba

Big Oil is quietly investing in the renewable revolution – not through solar and wind power, but through lithium. The ‘white gold’ is an essential ingredient in a laundry list…

The Future May Not Be As Electric as We Think

Jul 11, 2024 at 07:55 | Irina Slav

Virtually every single forecast about the future of transport focuses on its electrification—on the idea that EVs will take over roads, displacing the internal combustion engine and making it history.…

Standard Chartered: Oil Demand Growth Will Decelerate in the Coming Months

Jul 11, 2024 at 07:50 | Alex Kimani

On Wednesday, OPEC released its latest Monthly Oil Market Report (MOMR) wherein it stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025,…

Will Sluggish Chinese Oil Demand Derail OPEC's Optimistic Forecasts?

Jul 11, 2024 at 06:31 | Tsvetana Paraskova

Global oil demand growth continues to slow down amid underwhelming Chinese consumption, the International Energy Agency (IEA) said on Thursday, keeping its growth forecast at more than half of OPEC’s…

Extreme Temperatures Threaten Oil Refinery Operations in Europe

Jul 11, 2024 at 04:48 | Irina Slav

Peak summer temperatures in some parts of Europe are threatening the normal operation of refineries, Bloomberg has reported, citing the situation in Greece…

Aramco Secures $31 Billion in Orders for Bond Offering

Jul 11, 2024 at 02:14 | Irina Slav

 Saudi Aramco has attracted orders worth a total $31 billion for a fresh bond the company said it would place on international markets. The size of the bond…

Oil Bulls See Light at the End of the Tunnel

Jul 10, 2024 at 12:02 | Irina Slav

Oil prices have been climbing for the last four weeks, though the climb has been hesitant, uneven, and has failed to convince traders of a stable trend. But with the…

Oil Prices Perk Up on Crude Draw

Jul 10, 2024 at 09:37 | Irina Slav

Crude oil prices went higher today, after the U.S. Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 5. This 

Hedge Funds Are Headhunting Succesful Power Traders

Jul 10, 2024 at 09:33 | Tsvetana Paraskova

Attracted by market volatility and the prospect of handsome profits in the coming years, hedge funds are hiring power traders from utilities and investment banks.   The hedge funds are…

Global Oil Consumption Hits Historic 100 Million Barrels Per Day Milestone

Jul 10, 2024 at 08:02 | Robert Rapier

In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review provides a comprehensive picture of supply and demand…

Deep-Sea Mining Rush Sparks Environmental Concerns

Jul 10, 2024 at 08:00 | Felicity Bradstock

Over the last year, it has become clear that deep-sea mining for metals and minerals is likely to be approved in some regions of the world, as companies fight for…

Suriname’s Mega Oil Boom Is Back on Track

Jul 10, 2024 at 07:52 | Matthew Smith

A fiscal crisis, near economic collapse, and civil unrest have the government of Suriname, one of South America’s poorest countries, hungrily eyeing neighboring Guyana’s oil boom, which made that…

Oilprice - The No. 1 Source for Oil & Energy News