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Iraq Claims OPEC+ Won't Change Its Strategy This Year

Nov 11, 2021 at 13:47 | Charles Kennedy

The OPEC+ group doesn’t plan to change the pace of easing the collective production cuts at its next meeting in early December and will review the output schedule in the…

Biden’s $1 Trillion Spending Package Will Boost Oil Demand

Nov 11, 2021 at 13:27 | Charles Kennedy

Amid efforts by the Biden administration to put a lid on fuel prices, it was the passage of the Democratic-sponsored $1-trillion infrastructure bill last weekend that became the…

The Race For Nuclear Fusion Is Going Private

Nov 11, 2021 at 12:54 | Haley Zaremba

For the past 100 years, commercial nuclear fusion has existed in a realm far closer to science fiction than to scientific practice. In fact, when English mathematician and…

New York Scrambles To Prevent Grid Meltdown As Winter Nears

Nov 11, 2021 at 12:39 | ZeroHedge

New York's grid operator modeled a scenario that was equivalent or greater than the Texas cold snap earlier this year that nearly collapsed the entire power grid and…

OPEC Cuts 2021 Global Oil Demand Forecast Again

Nov 11, 2021 at 11:41 | Tsvetana Paraskova

Global oil demand is expected to average 96.4 million barrels per day (bpd) this year, OPEC said on Thursday, revising down its forecast by 160,000 bpd after cutting expectations of…

European Natural Gas Prices Plunge As Russia Increases Gas Flows

Nov 11, 2021 at 10:47 | ZeroHedge

European natural gas prices plunged Wednesday after signs Russian gas flows into Europe were increasing ahead of what's expected to be a miserable winter of tight supplies and high…

U.S. And Russia Discuss Oil Market Collaboration In Rare Talk

Nov 11, 2021 at 08:29 | Irina Slav

Senior energy ministry officials from Russia and the United States discussed the stabilization of oil markets on the sidelines of the COP26 conference in Glasgow. According to a statement…

Breakthrough Green Tech Could Transform The Oil Industry

Nov 10, 2021 at 16:46 | Charles Kennedy

With both WTI and Brent crude hovering close to $85 per barrel, OPEC+ refusing to increase production and the American shale patch appeasing shareholders with extreme discipline, the world’s oil…

Metals Will Be The Oil Of The Future

Nov 10, 2021 at 15:52 | Alex Kimani

The energy transition is in full swing, with electric vehicles supplanting gas guzzlers and solar panels and wind turbines replacing coal and oil as the world’s leading energy…

Can U.S Shale Drillers Help Prevent An Energy Crunch?

Nov 10, 2021 at 15:12 | Irina Slav

When news that Chinese factories were shutting down for lack of electricity and that many in Europe were struggling to pay their electricity bills, it ignited fears that the crunch…

Hedge Funds Take Profits But Believe Oil Prices Will Continue To Rise

Nov 10, 2021 at 11:59 | Tsvetana Paraskova

Portfolio managers are still betting on higher oil prices in the short term, despite liquidating some of their long positions to take profits from the price rally in…

Could Solar Panels In Space Solve The Climate Crisis?

Nov 10, 2021 at 11:47 | Haley Zaremba

In the future, 2021 could well be remembered as the year that world leaders got serious about combating climate change. This is the year that the Intergovernmental Panel…

Breaking Down The $1 Trillion Infrastructure Bill

Nov 10, 2021 at 11:42 | Ag Metal Miner

After months and months of debate, the House of Representatives on Friday voted to pass an over $1 trillion infrastructure bill to repair the country’s roads and bridges,…

China Boosts Imports Of ''Cheap'' Iranian Crude

Nov 10, 2021 at 10:28 | Tsvetana Paraskova

Independent refiners in China boosted imports of oil from Iran between August and October, attracted by the cheaper Iranian crude despite the risk of running afoul of U.S. sanctions, Reuters…

The Double Irony Of Biden's Plea To OPEC

Nov 10, 2021 at 10:25 | Robert Rapier

As I wrote in February of this year in The Inherent Risks In President Biden’s Energy Plan: “If we prematurely discourage investment in fossil fuels…

Oil Prices Fall After EIA Reports Crude Inventory Build

Nov 10, 2021 at 09:40 | Irina Slav

Crude oil fell today after the Energy Information Administration reported an inventory build of 1 million barrels for the week to November 5. This compares with a build…

EIA: Oil Demand Rebounds Faster than Supply

Nov 10, 2021 at 08:24 | Irina Slav

Crude oil demand is rebounding faster than supply, pushing prices higher, the Energy Information Administration said this week, noting that the price of West Texas Intermediate had reached…

Will A Strategic Petroleum Release Bring Down U.S. Gasoline Prices?

Nov 09, 2021 at 13:23 | Tsvetana Paraskova

The Biden Administration is considering tapping the Strategic Petroleum Reserve as a potential tool to bring down the gasoline prices in America that have hit a seven-year high…

Iran Could Produce Billions Of Barrels From 4 Little-Known Oilfields

Nov 09, 2021 at 12:16 | Simon Watkins

Ahead of the new iteration of the ‘Joint Comprehensive Plan of Action’ (JCPOA) that Iran expects to have in place before 20 March 2022

The Oil Price Rally Is Far From Over

Nov 09, 2021 at 11:57 | Irina Slav

How much higher could oil prices go? This is the question that the U.S., China, India, and other big consumers have come to dread as benchmarks continue to…

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