• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 6 days e-truck insanity
  • 3 hours They pay YOU to TAKE Natural Gas
  • 3 days An interesting statistic about bitumens?
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)

News

World’s Top Oil Trader Ships First Russian ESPO Crude To UAE

World’s Top Oil Trader Ships First Russian ESPO Crude To UAE

May 04, 2022 at 07:51 | Tsvetana Paraskova

Vitol Group, the world’s biggest independent oil trader, is shipping the first-ever cargo of Russia’s ESPO crude blend to the United Arab Emirates (UAE), Reuters

EU Policy Chiefs Warn Against Creating New LNG Dependence

EU Policy Chiefs Warn Against Creating New LNG Dependence

May 04, 2022 at 07:39 | Irina Slav

The European Union is replacing one form of fossil fuel dependence with another, a group of former Brussels policy chiefs warned in a letter, cited

API Shows Large Crude Inventory Drawdown

API Shows Large Crude Inventory Drawdown

May 03, 2022 at 15:53 | Julianne Geiger

The American Petroleum Institute (API) reported a larger-than-anticipated draw this week for crude oil of 3.479 million barrels, compared to analyst predictions of a 1.167 million barrel draw.…

Marathon Petroleum Posts Impressive Jump In Profit

Marathon Petroleum Posts Impressive Jump In Profit

May 03, 2022 at 15:49 | Tom Kool

U.S. refiner Marathon Petroleum Corp (NYSE:MPC) was trading up over 4.3% close to close Tuesday after posting Q1 earnings showing an impressive jump in profit on the back…

EU Prepares New, ‘Imminent’ Sanctions Against Russia

EU Prepares New, ‘Imminent’ Sanctions Against Russia

May 03, 2022 at 13:32 | Charles Kennedy

Minutes after Russian President Vladimir Putin authorized a new decree on retaliatory sanctions against the West, the European Union has announced a lineup…

Analysts Expect Crude Inventories To Fall Again This Week

Analysts Expect Crude Inventories To Fall Again This Week

May 03, 2022 at 12:19 | Charles Kennedy

Ahead of today’s API inventory data and official EIA data to be released on Wednesday, a Wall Street Journal survey shows analysts and…

Anonymous Claims Responsibility For Cyberattack Against Rosneft

Anonymous Claims Responsibility For Cyberattack Against Rosneft

May 03, 2022 at 09:55 | City A.M

Russian energy giant Rosneft has been hit by a major cyberattack, according to various news reports in Germany. Germany’s Federal Office for Information Security, the BSI,…

TotalEnergies’ German Refinery Is Still Importing Russian Oil

TotalEnergies’ German Refinery Is Still Importing Russian Oil

May 03, 2022 at 09:11 | Tsvetana Paraskova

A refinery owned by French supermajor TotalEnergies in Germany is expected to continue importing Russian crude oil via pipeline at least through the end of this month, sources…

Germany’s Uniper Looks To Buy Russian Gas In Euro-To-Ruble Scheme

Germany’s Uniper Looks To Buy Russian Gas In Euro-To-Ruble Scheme

May 03, 2022 at 08:12 | Irina Slav

Germany’s Uniper is continuing talks with Russian Gazprom and the German government on paying in rubles for deliveries of Russian gas, according to a Q1

European Natural Gas Prices Continue To Slide As LNG Imports Surge

European Natural Gas Prices Continue To Slide As LNG Imports Surge

May 03, 2022 at 07:44 | Irina Slav

Natural gas prices in Europe on Tuesday extended a slide that began three days ago thanks to forecasts for warmer weather coming to Europe along with LNG shipments…

Russian Oil Losses Could Double As Sanctions Come Into Effect

Russian Oil Losses Could Double As Sanctions Come Into Effect

May 03, 2022 at 07:38 | Tsvetana Paraskova

Oil prices will remain elevated in the coming months as current supply losses from Russia at around 1 million barrels per day (bpd) could double this month, BP’s…

BP Surges In Pre-Market Following Blowout Q1 Earnings Report

BP Surges In Pre-Market Following Blowout Q1 Earnings Report

May 03, 2022 at 07:31 | Tsvetana Paraskova

BP (NYSE: BP) reported on Tuesday a quarterly profit more than doubled from last year’s first quarter and far exceeding analyst expectations, thanks…

Germany Courts India On Energy While New Delhi Deals With Russia

Germany Courts India On Energy While New Delhi Deals With Russia

May 02, 2022 at 17:13 | Charles Kennedy

While Germany inks a $10-billion-plus energy deal with India, India is negotiating another crude oil deal with Russia.  As energy alliances shift as a result of…

U.S. Fuel Exports Are Draining Domestic Diesel And Gasoline Supplies 

U.S. Fuel Exports Are Draining Domestic Diesel And Gasoline Supplies 

May 02, 2022 at 17:04 | Michael Kern

Domestic supplies of gasoline and diesel in the United States are dwindling as record volumes of fuel are being exported from the Gulf Coast, BNN…

EU Rejects Russia’s Ruble-For-Gas Scheme, Warns Of Supply Shock

EU Rejects Russia’s Ruble-For-Gas Scheme, Warns Of Supply Shock

May 02, 2022 at 15:37 | Tom Kool

At the conclusion of its Monday meeting, the European Union has said it will not heed Russian demands to pay for gas in rubles, with a mid-May deadline…

Finland Cancels Nuclear Deal With Russia Ahead Of NATO Decision

Finland Cancels Nuclear Deal With Russia Ahead Of NATO Decision

May 02, 2022 at 14:12 | Charles Kennedy

Finland has canceled…

The U.S. Has Lost Its Position As The World’s Top LNG Exporter

The U.S. Has Lost Its Position As The World’s Top LNG Exporter

May 02, 2022 at 12:37 | Julianne Geiger

After briefly surpassing Qatar and Australia as the world’s top LNG exporter, the United States lost the top slot to Qatar in April as volumes in the north…

OPEC Has Missed Its Oil Output Target Once Again

OPEC Has Missed Its Oil Output Target Once Again

May 02, 2022 at 10:03 | Julianne Geiger

Force majeure in Libya and under-production in Nigeria have led to a much lower increase in OPEC production for the month of April than was called for by…

EU Consider Exemptions As Hungary Threatens To Veto Russian Oil Ban

EU Consider Exemptions As Hungary Threatens To Veto Russian Oil Ban

May 02, 2022 at 09:14 | Tsvetana Paraskova

As Hungary threatens to veto a European Union-wide ban on Russian energy products, the bloc is now considering exemptions for Hungary and Slovakia, or a longer timeframe for…

API Opposed To U.S. Bill Allowing Antitrust Lawsuits Against OPEC

API Opposed To U.S. Bill Allowing Antitrust Lawsuits Against OPEC

May 02, 2022 at 09:05 | Tsvetana Paraskova

A bill that would pave the way for the U.S. to sue OPEC members and its allies under antitrust laws could have an unintended negative impact on America’s…

Oilprice - The No. 1 Source for Oil & Energy News