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Asia Is Facing A Long-Tern Natural Gas Crunch

Asia Is Facing A Long-Tern Natural Gas Crunch

Asian gas buyers are paying…

Russia Is Ready To Return To Pre-Pandemic Oil Production

Russia Is Ready To Return To Pre-Pandemic Oil Production

According to Russia’s Deputy Prime…

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Which Is The Best Shale Giant To Buy This Christmas?

Shale companies have become renowned…

News

U.S. Ready To Release Even More Crude From SPR

U.S. Ready To Release Even More Crude From SPR

Nov 29, 2021 at 17:46 | Julianne Geiger

The United States is ready to release even more barrels of crude oil from its emergency stockpiles, a senior advisor from the State Department told CNBC today. The Biden Administration…

Gazprom Reports Record-Breaking Profits Amid Surging Gas Prices

Gazprom Reports Record-Breaking Profits Amid Surging Gas Prices

Nov 29, 2021 at 14:12 | Tsvetana Paraskova

Russian gas giant Gazprom reported on Monday record profits for the third quarter on the back of soaring natural gas prices in its key export market, Europe. The Russian gas…

Saudi Aramco: Oil Markets Overreacted To Omicron Fears

Saudi Aramco: Oil Markets Overreacted To Omicron Fears

Nov 29, 2021 at 12:05 | Michael Kern

The oil market’s knee-jerk reaction to the new Omicron COVID variant on Friday was overblown, according to the CEO of the world’s largest oil company and biggest oil exporter. The…

Russia Warns The U.S. Not To Interfere With Nord Stream 2

Russia Warns The U.S. Not To Interfere With Nord Stream 2

Nov 29, 2021 at 09:49 | City A.M

The Russian Government has warned the US not to put further pressure on anyone over the certification of the $11bn Nord Stream 2 (NS2) gas pipeline. 

Is The U.S. Government About To Make Oil Drilling More Expensive?

Is The U.S. Government About To Make Oil Drilling More Expensive?

Nov 29, 2021 at 09:37 | Charles Kennedy

The Department of the Interior has proposed higher royalty rates and other fees for oil and gas drillers on federal lands as well as limits on the land where…

OPEC+ Delays Meetings Following Surprise Oil Price Crash

OPEC+ Delays Meetings Following Surprise Oil Price Crash

Nov 29, 2021 at 09:16 | Irina Slav

OPEC+ has moved two meetings scheduled for this week by a day in order to have more time to evaluate the implications of the latest coronavirus update about the emergence…

Industrial Metals Rise As China’s Property Market Bounces Back

Industrial Metals Rise As China’s Property Market Bounces Back

Nov 26, 2021 at 09:06 | ZeroHedge

Base metals are on the rise after a series of positive announcements over the week has brought new optimism to China's property sector.  On Thursday, Nickel paced gains by most…

DIDI Plunges After China Asks The Company To Delist From The NYSE

DIDI Plunges After China Asks The Company To Delist From The NYSE

Nov 26, 2021 at 09:02 | ZeroHedge

Groggy traders loading up trading terminals are greeted with an unwelcoming sea of red of stock and futures worldwide. One key pain point is China tech, where Beijing has unleashed…

Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production

Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production

Nov 26, 2021 at 08:59 | Charles Kennedy

Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for the period 2022-2026.…

UN Nuclear Agency Fails To Reach An Agreement With Iran

UN Nuclear Agency Fails To Reach An Agreement With Iran

Nov 24, 2021 at 13:29 | RFE/RL staff

The head of the United Nations' atomic agency says talks he held in Tehran this week over Iran's nuclear program proved inconclusive. Rafael Grossi, the director-general…

Steel Prices Remain Elevated As Production Slides

Steel Prices Remain Elevated As Production Slides

Nov 24, 2021 at 12:30 | Ag Metal Miner

Yesterday, MetalMiner’s Stuart Burns touched on the aluminum market and plummeting inventories, a trend in stark contrast to former times of plenty.

Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover

Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover

Nov 24, 2021 at 11:32 | Tsvetana Paraskova

Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration, Russia’s Deputy Energy Minister Pavel Sorokin said on…

U.S. Gasoline Prices Barely Budge After SPR Release Announcement

U.S. Gasoline Prices Barely Budge After SPR Release Announcement

Nov 24, 2021 at 10:21 | Charles Kennedy

The national average U.S. gasoline price barely moved on the day after the United States announced on Tuesday a release of 50 million barrels of oil from the Strategic Petroleum…

OPEC+ Reacts To Biden, May Not Raise Oil Production In December

OPEC+ Reacts To Biden, May Not Raise Oil Production In December

Nov 24, 2021 at 09:42 | Julianne Geiger

The response the market has been waiting for has nearly arrived. OPEC+ heavyweights Saudi Arabia and Russia are rethinking their production strategies in the aftermath of several nations’ plans to…

Barclays Lifts Brent Oil Price Forecast To $80 In 2022

Barclays Lifts Brent Oil Price Forecast To $80 In 2022

Nov 24, 2021 at 08:50 | Tsvetana Paraskova

Brent Crude prices are set to average $80 a barrel in 2022, Barclays said on Tuesday, raising its forecast by $3 as it expects slower supply growth next year…

Keystone XL Developer Seeks $15 Billion In Compensation

Keystone XL Developer Seeks $15 Billion In Compensation

Nov 23, 2021 at 16:31 | Irina Slav

TC Energy Group, the company that was developing the Keystone XL oil pipeline project, has filed a request for arbitration, seeking $15 billion in compensation for the project that President…

Crude Oil Inventory Build Follows Announcement Of SPR Release

Crude Oil Inventory Build Follows Announcement Of SPR Release

Nov 23, 2021 at 16:03 | Julianne Geiger

The American Petroleum Institute (API) reported an inventory build in crude oil. This week, the API estimated the inventory build for crude oil to be 2.307 million barrels. U.S. crude…

Kazakh-Chinese Nuclear Fuel Plant Kicks Off Operations

Kazakh-Chinese Nuclear Fuel Plant Kicks Off Operations

Nov 23, 2021 at 14:10 | Eurasianet

A fuel assemblies plant heralding a new phase of nuclear cooperation between Nur-Sultan and Beijing has received its first shipment of low-enriched uranium from Russia, the supplier said.  …

European Natural Gas Prices Rise As Gazprom May Halt Gas Flows To Moldova

European Natural Gas Prices Rise As Gazprom May Halt Gas Flows To Moldova

Nov 23, 2021 at 12:48 | ZeroHedge

European natural gas prices could surge as new reports indicate Gazprom will halt all natural gas flows to Moldova, an Eastern European country, in 48 hours over…

Florida Looks To Directly Lower Gasoline Prices With Tax Relief

Florida Looks To Directly Lower Gasoline Prices With Tax Relief

Nov 23, 2021 at 11:51 | Charles Kennedy

While the Biden Administration moved to release 50 million barrels from the Strategic Petroleum Reserve (SPR) in a bid to lower gasoline prices, Florida Governor Ron DeSantis intends to…

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