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IEA Sees Oil Demand At Record High In 2023

IEA Sees Oil Demand At Record High In 2023

Oil demand growth is set…

Aluminum Prices Are Taking A Beating

Aluminum Prices Are Taking A Beating

Aluminum prices fell significantly in…

Energy

The World Is Scrambling For Lithium Supply

Jun 09, 2022 at 10:44 | Ag Metal Miner

After Russia’s invasion of Ukraine and the subsequent sanctions, the race is on around the world to find new sources of lithium. The prospect of running out of…

Gravity Storage: The Obvious Missing Component In Battery Tech

Jun 09, 2022 at 10:42 | Haley Zaremba

Two of the biggest sectors in the decarbonization game are teaming up to revolutionize clean energy. Electric cars have the ability to kill two climate action birds with…

U.S. SPR Release Is Creating A Problem For Canada’s Heavy Crude Oil

Jun 09, 2022 at 09:47 | Julianne Geiger

The Strategic Petroleum Reserve release in the United States—a large one designed to release a million barrels per day from storage into the commercial markets—is creating a bit of a…

Natural Gas Prices Tank Again As Freeport LNG Remains Shut For Almost A Month

Jun 09, 2022 at 08:40 | Irina Slav

Amid robust demand for U.S. LNG, one of the biggest liquefaction facilities on the Gulf Coast, Freeport LNG, will be out of commission for at least three weeks following an…

EIA Warns Of Substantial Fall In Russian Oil Production

Jun 08, 2022 at 11:17 | Irina Slav

Russia’s crude oil output could decline by 18 percent by the end of next year, the U.S. Energy Information Administration has forecast, citing the European Union’s planned embargo on Russian…

Biden’s Trip To Saudi Arabia Won’t Solve The Oil Market’s Problems

Jun 08, 2022 at 11:13 | Irina Slav

When news broke last week that President Biden was planning a Middle East visit that would include Saudi Arabia, many an industry observer saw in this signs of…

IEA: Europe Could See Energy Rationing This Winter

Jun 08, 2022 at 10:36 | Tsvetana Paraskova

Europe could be forced to start rationing energy this winter, starting with industrial uses of natural gas, especially if the winter is cold and China’s economy rebounds, the Executive Director…

Is $5 Gasoline The Limit For U.S. Consumers?

Jun 08, 2022 at 10:26 | Alex Kimani

For the first time in history, U.S. motorists are facing the specter of forking over $5 for a gallon of regular gas. Gas prices have more than doubled…

Insurance Ban Is The EU’s Biggest Blow Yet To Russian Oil Exports

Jun 08, 2022 at 10:13 | Tsvetana Paraskova

The EU's embargo on 90 percent of all its oil imports from Russia by the end of the year made most headlines last week after the bloc reached…

What Is Fueling The Surge In Gasoline Prices?

Jun 08, 2022 at 10:06 | Stuart Burns

Back in the 1970s, Arab oil embargoes caused short-term pain for the West due to rising crude prices. However, it also spurred a drive for fuel efficiency that…

The Most Exciting Oil Frontier On Earth

Jun 08, 2022 at 10:03 | Felicity Bradstock

After two years of regular oil discoveries in Guyana, it seems its deep waters may hold even more crude, adding to its reputation as the next big oil-producing…

Russia Holds Grain Hostage, Demands The West Lift Sanctions

Jun 08, 2022 at 09:57 | RFE/RL staff

Turkish Foreign Minister Mevlut Cavusoglu says a meeting with his Russian counterpart, Sergei Lavrov, has made progress toward accepting a plan that would restart Ukrainian grain shipments from…

EIA Reports Small Crude Build, Gasoline Draw

Jun 08, 2022 at 09:36 | Irina Slav

Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to June 3. This…

UAE: OPEC+ Struggles With Oil Production Hikes

Jun 08, 2022 at 08:15 | Tsvetana Paraskova

The OPEC+ group is currently pumping 2.6 million barrels per day (bpd) of oil below its target, and efforts to boost output per the monthly plans are "not encouraging," the…

Are Oil Stocks Due For A Correction?

Jun 07, 2022 at 16:39 | Alex Kimani

Crude oil prices have eased past $120/bbl to their highest levels in three months after Saudi Arabia raised the official selling price of…

Upward Pressure On Oil Prices Is Only Going To Increase

Jun 07, 2022 at 13:31 | Josh Owens

Reader Update: Whether you are new to the oil and gas industry or an energy market veteran, you will regret not signing up for Global Energy Alert. Oilprice.com's

Kazakhstan Sees Oil Exports Constrained Due To Sanctions On Russia

Jun 07, 2022 at 10:26 | Charles Kennedy

Rising costs and sanctions on Russia have lowered the profitability of oil exports for Kazakhstan’s state oil and gas firm KazMunayGas, which has been forced to accept discounts on its…

Big Oil Set To Win Stakes In Qatar’s Huge LNG Expansion Projects

Jun 07, 2022 at 09:56 | Tsvetana Paraskova

Some of the biggest international oil and gas majors, including ExxonMobil, Shell, and TotalEnergies, are expected to be awarded stakes in the major expansion projects of one of the world’s…

The Biggest Reshuffle Of Oil Flows Since The 1970s

Jun 07, 2022 at 09:56 | Tsvetana Paraskova

The biggest reshuffle of oil trade flows since the Arab oil embargo of the 1970s is underway—and things may never return to normal. The Russian invasion…

Russia Could Replicate Iran's Strategy To Skirt Oil Sanctions

Jun 07, 2022 at 09:55 | Simon Watkins

The ban by the European Union (E.U.) on Russian oil imports by sea, in the first instance, is likely to affect around 75 percent of Russia’s crude oil…

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