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Kazakhstan Faces Political Pressure To Diversify Its Oil Export Routes

Mar 10, 2023 at 10:27 | Eurasianet

Astana is upbeat about boosting oil exports, despite caveats over how the war in Ukraine may impact markets and questions about its recently launched shipments to Europe. Kazakhstan plans to…

Dealerships Struggle To Remain Relevant As Automakers Go Direct To Consumer

Mar 10, 2023 at 09:35 | Michael Kern

Car dealerships and automakers are butting heads over changes to franchise laws that govern their relationship. The regulations aim to protect the independence of dealerships, but as sales…

Bearish Sentiment Spikes As The Fed Reignites Recession Fears

Mar 10, 2023 at 08:35 | Michael Kern

Oil prices are on course for their largest weekly decline since January after the head of the Federal Reserve reignited recession fears.Oilprice Alert: Whether you are new to the…

Platts Survey: OPEC+ Oil Production Fell By 80,000 Bpd In February   

Mar 10, 2023 at 07:35 | Charles Kennedy

The combined oil production of the OPEC+ group dropped in February by 80,000 barrels per day (bpd) as a small rise in Russia’s still resilient output failed to offset declines…

U.S. Recession Fears Put Oil Prices On Course For Significant Weekly Drop

Mar 10, 2023 at 01:14 | Irina Slav

Fears of a slowdown in the U.S. economy have pressured crude oil prices, setting them for what could end up being their worst weekly performance in five weeks. The slide…

Pioneer CEO: The Shale Boom Is Over

Mar 09, 2023 at 11:53 | Irina Slav

Earlier this month, the Energy Information Administration forecasted that oil production in the United States would grow by 590,000 bpd to a total…

OPEC Is Back In Control Of The Oil Market 

Mar 09, 2023 at 11:18 | Tsvetana Paraskova

OPEC is once again the most influential force in global oil supply – and will be so for the foreseeable future – now that U.S. shale production growth is slowing,…

BlackRock Sees More Value In EU Companies Than U.S. Stocks

Mar 09, 2023 at 09:18 | Alex Kimani

The last two decades of extreme underperformance and numerous false starts by European stock markets have left investors despondent and pessimistic. The eurozone sovereign debt crisis, uncoordinated and light-touch banking…

Republican Party Struggles To Find Common Ground On Energy Policy

Mar 09, 2023 at 09:04 | Haley Zaremba

The Republican Party is preparing to introduce its first major legislation since it took control of the House of Representatives in the November midterm elections. The GOP wants to use…

Oil Execs Call On Governments To Simplify Hydrogen Rules

Mar 09, 2023 at 08:56 | Michael Kern

As the world races towards a cleaner future, hydrogen is quickly becoming a popular alternative to fossil fuels in industries where electrification is impractical. However, the high cost of producing…

Brent Crude And WTI Crude Prices Stabilize After Two-Day Drop

Mar 09, 2023 at 08:38 | Michael Kern

Oil prices are trading flat on Thursday after two consecutive days in decline as a strike in France, a drop in U.S. crude inventories, and a faltering dollar offset fears…

Russia And Saudi Arabia Vow To Continue OPEC+ Oil Policy Cooperation

Mar 09, 2023 at 07:04 | Tsvetana Paraskova

The leaders of the OPEC+ coalition, Russia and Saudi Arabia, pledged to continue close cooperation in oil policy in the group during a visit of Saudi Arabia’s foreign minister to…

Climate Advisor Slams UK For Energy Transition Tardiness

Mar 09, 2023 at 04:30 | Irina Slav

The Climate Change Committee, an advisory body set up by the British government, has slammed that government for being too slow with its transition efforts, risking missing its own…

First Crude Oil Draw In 2023 Pushes Oil Prices Higher

Mar 08, 2023 at 09:38 | Irina Slav

Crude oil prices moved up today after the U.S. Energy Information Administration estimated an inventory draw of 1.7 million barrels for the week to March 3. This compared with…

How The Inflation Reduction Act Will Benefit The Oil Industry

Mar 08, 2023 at 09:18 | Irina Slav

A few years ago, carbon capture was an eccentric, massively expensive way of reducing emissions, or so the talking point went. By 2022, carbon capture had in fact become one…

The Global Energy Squeeze Is Riskier Than We Thought

Mar 08, 2023 at 08:56 | Gail Tverberg

Most people have a simple, but wrong, idea about how the world economy will respond to “not enough energy to go around.” They expect that oil prices will rise. With…

China’s Oil Imports Set To Soar Despite Slow Start To 2023

Mar 08, 2023 at 08:52 | Tsvetana Paraskova

Chinese energy commodity imports were underwhelming in the first two months of 2023, but they are expected to pick up later this year with potentially record-high crude oil purchases, even…

Social Unrest Threatens Oil Operations In Colombia

Mar 08, 2023 at 08:48 | Matthew Smith

Colombia’s petroleum industry, after decades of rapid growth which saw it become a key driver of the Andean country’s economic miracle, is facing serious headwinds since former guerilla Gustavo…

The Impressive Impact Of Clean Energy Projects On Global Emissions In 2022

Mar 08, 2023 at 08:45 | Felicity Bradstock

According to a recent International Energy Agency (IEA) report, carbon emissions in 2022 rose by less than was feared, largely thanks to a multitude of new green energy projects worldwide.…

Airlines Will Struggle To Keep Flights Costs Down This Year

Mar 08, 2023 at 08:38 | Felicity Bradstock

Flight prices have soared since the pandemic. But not everyone agrees on the outlook for 2023. Some believe high flight prices are here to stay, while others think the worst…

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