• 3 minutes e-car sales collapse
  • 7 minutes Energy Armageddon
  • 11 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 15 days How Many Wells From 1 Onshore Rig?
  • 22 days Сryptocurrency predictions
  • 22 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
EU Looks To Extend Natural Gas Consumption Cuts For Another Year

EU Looks To Extend Natural Gas Consumption Cuts For Another Year

The European Commission, as expected,…

America’s LNG Boom Has Grown Too Big Too Fast

America’s LNG Boom Has Grown Too Big Too Fast

The US's record-breaking LNG export…

News

Chevron’s Plan To Nearly Double Its Oil Exports From Venezuela

Chevron’s Plan To Nearly Double Its Oil Exports From Venezuela

Mar 16, 2023 at 01:37 | Charles Kennedy

Chevron, the only U.S. company currently allowed to do business in Venezuela, has urged the country’s government to clean up sediment from Lake Maracaibo to make it possible to load…

Oil Giants Shed 5-8% Amid Plunging Oil Prices

Oil Giants Shed 5-8% Amid Plunging Oil Prices

Mar 15, 2023 at 13:18 | Tom Kool

After losing between 6-7% on Wednesday, oil prices are taking a toll on energy equities, with European giants shedding 6-8% and American oil companies down 5-7%.

Algeria: Western Price Caps On Russian Crude Could Lead To Supply Disruption

Algeria: Western Price Caps On Russian Crude Could Lead To Supply Disruption

Mar 15, 2023 at 12:03 | Charles Kennedy

Algerian Energy Minister Mohamed Arkab also warned that Western price caps on Russian crude oil could lead to uncertainty and supply disruption.  While Arkab suggested that…

Oil Prices Crash Below $70 As Credit Suisse Shares Tumble

Oil Prices Crash Below $70 As Credit Suisse Shares Tumble

Mar 15, 2023 at 09:20 | Julianne Geiger

Crude oil prices continued their slide on Wednesday as yet another banking catastrophe unsteadied the market further.  WTI plunged 4.21% on Wednesday, falling below $70 for…

Auto Industry In Turmoil: Car Dealers Crushed By Price Squeeze

Auto Industry In Turmoil: Car Dealers Crushed By Price Squeeze

Mar 15, 2023 at 09:11 | ZeroHedge

Auto dealerships are encountering a major problem where auction (wholesale) prices are increasing while real book values stagnate, squeezing profitability.  To make sense of this, auto-guru 

Saudi Arabia Says Oil Prices Won’t Dictate Its Budget In The Future

Saudi Arabia Says Oil Prices Won’t Dictate Its Budget In The Future

Mar 15, 2023 at 08:57 | Julianne Geiger

Saudi Arabia plans to disentangle itself so thoroughly from the crude oil industry that oil prices won’t play a significant role in shaping the country’s fiscal policies, Saudi’s Finance Minister…

Russia Expects Its Oil And Natural Gas Production To Drop In 2023

Russia Expects Its Oil And Natural Gas Production To Drop In 2023

Mar 15, 2023 at 08:23 | Charles Kennedy

Russia expects its oil and gas production to fall this year compared to 2022, partly due to the production cuts announced for March, Russian Energy Minister Nikolai Shulginov told lawmakers…

IEA: Russia’s Oil Revenues Are Dwindling Due To Sanctions

IEA: Russia’s Oil Revenues Are Dwindling Due To Sanctions

Mar 15, 2023 at 07:38 | Tsvetana Paraskova

Russian revenues from oil fell in February as exports declined after the EU embargo on oil product imports from Russia by sea, the International Energy Agency (IEA) said on Wednesday.…

Oil Prices Rebound From Three-Month Lows

Oil Prices Rebound From Three-Month Lows

Mar 15, 2023 at 04:47 | Tsvetana Paraskova

After two days of losses triggered by fears of a banking sector meltdown after the collapse of Silicon Valley Bank, oil prices rebounded early on Wednesday, pushed higher by increased…

Saudi Energy Minister: OPEC+ Will Stick To Cuts Through 2023

Saudi Energy Minister: OPEC+ Will Stick To Cuts Through 2023

Mar 15, 2023 at 03:37 | Tsvetana Paraskova

The OPEC+ group will keep its oil production targets unchanged until the end of the year in view of the high level of uncertainty on the global markets and with…

Saudi Arabia’s Energy Minister Slams NOPEC Bill And Price Caps

Saudi Arabia’s Energy Minister Slams NOPEC Bill And Price Caps

Mar 15, 2023 at 02:39 | Irina Slav

The NOPEC bill, which was recently reintroduced in Congress by a group of legislators, and price caps on oil will only serve to increase instability and uncertainty in oil markets…

Crude Oil Inventories Build But Products Take A Tumble

Crude Oil Inventories Build But Products Take A Tumble

Mar 14, 2023 at 16:05 | Julianne Geiger

Crude oil inventories in the United States rose this week, with a 1.155 million barrel build, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of…

Spain Takes 84% More Russian LNG Than Before Invasion

Spain Takes 84% More Russian LNG Than Before Invasion

Mar 14, 2023 at 13:49 | Julianne Geiger

Spain has imported 84 percent more Russian LNG since Russia's invasion of Ukraine, highlighting the persistent reliance the EU has on Russian energy. According to Bloomberg, Spain's intake of Russian-derived…

Republicans Make U.S. Energy Production Top Priority With New Legislation

Republicans Make U.S. Energy Production Top Priority With New Legislation

Mar 14, 2023 at 11:42 | Julianne Geiger

Republicans are set to catapult its energy security agenda in the most critical issue, aiming to unveil legislation on Tuesday designed to boost energy production at home. The Lower Energy…

OPEC Is More Optimistic On China’s Oil Demand Growth In 2023

OPEC Is More Optimistic On China’s Oil Demand Growth In 2023

Mar 14, 2023 at 11:06 | Charles Kennedy

China’s reopening is set to add momentum to global economic growth, OPEC said on Tuesday, revising up its forecast for Chinese oil demand growth this year.   “In the emerging…

Goldman Betting On Fed To Skip March Rate Hike

Goldman Betting On Fed To Skip March Rate Hike

Mar 14, 2023 at 09:28 | City A.M

Speculation is growing among traders that the US Federal Reserve could refrain from hiking interest rates later this month for fear of triggering another Silicon Valley Bank-style collapse.…

OPEC Remains Cautious Despite Bullish Chinese Demand Forecast

OPEC Remains Cautious Despite Bullish Chinese Demand Forecast

Mar 14, 2023 at 08:48 | Michael Kern

OPEC increased its projection for China’s oil demand growth in 2023 due to the country's COVID-19 restrictions being relaxed.  OPEC forecast that global demand will rise by 2.32 million…

India Has Not Committed To Buy Russian Oil Below The G7 Price Cap

India Has Not Committed To Buy Russian Oil Below The G7 Price Cap

Mar 14, 2023 at 08:13 | Charles Kennedy

India has not committed to and is not obligated to buy Russian crude oil only below the $60 price cap of the Western nations, a source at the Indian oil…

TotalEnergies’ Mozambique Facility Won’t Export LNG Before 2027

TotalEnergies’ Mozambique Facility Won’t Export LNG Before 2027

Mar 14, 2023 at 07:40 | Tsvetana Paraskova

TotalEnergies’ $20-billion project for an LNG export facility in Mozambique is not expected to start operations until 2027 at the earliest, even if the French supermajor quickly decides to lift…

ING Further Restricts Lending To The Oil And Gas Industry

ING Further Restricts Lending To The Oil And Gas Industry

Mar 14, 2023 at 06:03 | Tsvetana Paraskova

ING is further restricting financing to the oil and gas industry, reducing the volume of traded oil and gas it finances and no longer financing midstream infrastructure for new oil…

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