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Utilities Must Adapt, Not Just Respond To Extreme Weather

Utilities Must Adapt, Not Just Respond To Extreme Weather

Following hurricane Beryl, utility Centerpoint…

China's Largest Oil Refiner Sees Almost No Throughput Growth

China's Largest Oil Refiner Sees Almost No Throughput Growth

China's largest oil refining company,…

Energy

The Countries Increasing Their Coal Dependency Despite Climate Pledges

Jul 10, 2024 at 03:09 | Felicity Bradstock

As many countries are battling to curb their coal production, some Asian powers continue to increase their dependency on the “dirtiest fossil fuel”, massively hindering a regional green transition. For…

Petrochemicals Are Big Oil’s Next Big Profit Hedge

Jul 09, 2024 at 17:24 | Alex Kimani

The ongoing electrification drive and the EV revolution have elicited dire forecasts about the imminent demise of the nearly two-century old oil & gas industry. Last year, Bloomberg predicted that global 

Russia And Iran Move A Step Closer To Creating A Gas OPEC-Style Cartel

Jul 09, 2024 at 09:35 | Simon Watkins

The signing of a memorandum of understanding (MoU) last week between Russian state gas giant Gazprom and the Iranian National Gas Company (NIGC) to begin direct transfers of gas from…

Early Adopters Pay the Price as EV Truck Values Tumble

Jul 09, 2024 at 09:34 | ZeroHedge

Some early adopters of electric vehicle trucks who bought on secondary markets during the EV mania in recent years have been hammered by price collapses.  Using…

Could China Deliver a Bearish Shock to Oil Markets?

Jul 09, 2024 at 09:27 | Irina Slav

When Reuters reported earlier this month that Asian oil imports had declined moderately during the first half of the year, many, if not most, traders immediately turned their attention to…

Labour Looks to Balance Oil and Gas Revenue With Green Energy Expansion

Jul 09, 2024 at 09:27 | Felicity Bradstock

Following the Labour Party’s landslide victory in the U.K. at the beginning of July, several changes are expected to be introduced in the country’s energy sector. Environmentalists hope the change…

Green Economy’s 198% Return Second Only to Tech in the Past Decade

Jul 09, 2024 at 09:02 | Tsvetana Paraskova

Green economy firms have seen total market returns of 198% over the past decade, making the sector the second-best performing equity segment over the past decade, behind technology, Bloomberg 

Oil Prices Drop as Hurricane Beryl Blows Over

Jul 09, 2024 at 07:16 | Michael Kern

The first major hurricane of the year has come and gone without causing any significant supply disruptions, leading oil prices to fall back on Tuesday morning.

Is Saudi Arabia Set On Becoming A Global Gas Leader?

Jul 08, 2024 at 18:12 | Simon Watkins

Saudi Arabia may be the third largest producer of crude oil in the world, after the U.S. and Russia, but its gas output has struggled over the years to make…

ESG Enthusiasm Wanes with U.S. Shareholders

Jul 08, 2024 at 11:58 | Tsvetana Paraskova

Support for environmental and social proposals from shareholders of U.S. companies at their annual general meetings remained roughly the same as last year’s proxy season and well below the 2021…

2 Million Texans Without Power as Hurricane Beryl Reaches Houston

Jul 08, 2024 at 09:57 | ZeroHedge

Hurricane Beryl, the first Atlantic hurricane of the year to strike the US, made landfall in eastern Texas as a Category 1 storm in the early morning…

China’s Renewable Energy Surge Strains Power Grid

Jul 08, 2024 at 08:39 | ZeroHedge

By John Kemp, senior energy analyst at Reuters China's record-breaking deployment of wind and solar capacity has worsened regional power imbalances, forcing the country to idle…

GM to Pay $146 Million Penalty for Emission Violations

Jul 08, 2024 at 08:01 | ZeroHedge

This week, AP and WMAR Baltimore reported that GM would have to pay the government over $146 million in penalties due to 5.9 million of its older vehicles…

Bolivian President Alleges Failed ‘Coup’ Attempt All About Lithium

Jul 05, 2024 at 14:03 | Alex Kimani

Last week, a significant political crisis unfolded in Bolivia after soldiers led by Army Commander General Juan José Zúñiga engulfed the Bolivian government palace using armored vehicles, calling to…

Saudi Crude Oil Exports Slump to 10-Month Low

Jul 05, 2024 at 13:20 | Charles Kennedy

The world’s top crude exporter, Saudi Arabia, shipped the lowest volumes of oil in June for ten months as Saudi domestic consumption grew and Russia continued to take market share…

U.S. Gas Rig Count Jumps as Oil Rig Count Remains Unchanged

Jul 05, 2024 at 12:26 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States rose this week, pressing pause on a declining rig pattern, according to new data that…

EV Maker Polestar Struggles With Hefty Import Tariffs on Chinese-made Cars

Jul 05, 2024 at 09:48 | ZeroHedge

EV manufacturer Polestar, one of several struggling names at the bottom of the EV barrel, says that new hefty EU and US import tariffs on its Chinese-made…

Has The Extreme Bear Market in Natural Gas Come to an End?

Jul 05, 2024 at 09:40 | Editorial Dept

Editor's Note: This is a complimentary free numbers report for Oilprice.com readers. Global Energy Alert members receive a Numbers Report plus the latest geopolitical intelligence…

What Labour’s Victory Means for UK Oil and Gas

Jul 05, 2024 at 08:48 | Irina Slav

The UK’s Labour Party just scored a massive victory that could have huge implications for the country’s oil and gas sector. This will be the party’s return to power after…

Will OPEC+ Ever Rein In Its Non-Compliant Members?

Jul 05, 2024 at 08:30 | Tsvetana Paraskova

OPEC and the OPEC+ group have had reasons to be happy this week as Brent oil prices topped $87 per barrel.  But the most recent rise in oil is…

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