• 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
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 hours How Far Have We Really Gotten With Alternative Energy
  • 3 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 days e-truck insanity
  • 22 hours An interesting statistic about bitumens?
  • 5 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 7 days Bankruptcy in the Industry
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days The United States produced more crude oil than any nation, at any time.

News

Russia Considers Lifting Its Aluminum Export Tax

Russia Considers Lifting Its Aluminum Export Tax

Nov 09, 2021 at 10:30 | Metal Miner

When news of Russia’s export tax on primary aluminum came out in the summer, it caused an increase in LME prices. More significantly, however, physical delivery premiums —…

High Fuel Prices May Force Biden To Change Stance On Crucial Pipeline

High Fuel Prices May Force Biden To Change Stance On Crucial Pipeline

Nov 09, 2021 at 09:32 | Charles Kennedy

The White House is studying the replacement of Line 5—a contentious piece of infrastructure that carries crude oil and fuels from Canada to the United States through the Great Lakes…

UAE: Oil Price Would Be Double Without OPEC+

UAE: Oil Price Would Be Double Without OPEC+

Nov 09, 2021 at 08:05 | Julianne Geiger

Oil prices would be double what they are today if it wasn’t for the concerted actions by OPEC+ to manage supply and demand, the United Arab Emirates said on Monday…

UAE: OPEC+ Capable Of Raising Oil Production If There's Demand

UAE: OPEC+ Capable Of Raising Oil Production If There's Demand

Nov 08, 2021 at 14:02 | Tsvetana Paraskova

The OPEC+ group has the capability to increase its crude oil supply to the market if there is demand, according to one of the key members of the coalition, the…

Clean Energy’s Role In $1-Trillion Infrastructure Bill

Clean Energy’s Role In $1-Trillion Infrastructure Bill

Nov 08, 2021 at 13:34 | Charles Kennedy

Funds for clean energy, a national network of electric vehicle chargers, grid upgrades, and zero-emission buses are part of the $1-trillion Bipartisan Infrastructure Deal that Congress passed this weekend.…

Biden Could Take Action This Week To Curb High Gasoline Prices

Biden Could Take Action This Week To Curb High Gasoline Prices

Nov 08, 2021 at 12:15 | Charles Kennedy

U.S. President Joe Biden could announce measures to address high gasoline prices as soon as this week, U.S. Energy Secretary Jennifer Granholm told MSNBC in an interview on Monday.…

Occidental Petroleum Stops Hedging Oil In 2022

Occidental Petroleum Stops Hedging Oil In 2022

Nov 08, 2021 at 10:29 | Irina Slav

Occidental Petroleum plans to stop hedging its oil output next year as prices remain elevated with substantial upside potential. "Our current oil and gas hedges will expire by the end…

Twitter Tells Musk

Twitter Tells Musk "Sell 10% Of Tesla Stock"

Nov 08, 2021 at 09:37 | Charles Kennedy

Tesla's chief executive took to Twitter to poll his followers about whether he should sell 10 percent of his Tesla stock. The poll said yes. "Much is made lately of…

Airlines Are Hedging Against Higher Oil Prices

Airlines Are Hedging Against Higher Oil Prices

Nov 05, 2021 at 14:30 | Tsvetana Paraskova

Airlines are back to hedging the price of fuel to protect themselves from higher oil prices next year, although the hedges are less risky and for shorter periods as uncertainty…

Russia Says $80 Oil Adequately Reflects Market Situation

Russia Says $80 Oil Adequately Reflects Market Situation

Nov 05, 2021 at 10:32 | Tsvetana Paraskova

Current oil prices at around $80 per barrel adequately reflect the situation on the market, Russian Deputy Prime Minister Alexander Novak told local TV Rossiya-24 in an interview after…

World’s Top Coal Users Will Still Use Coal Despite COP26 Pledge

World’s Top Coal Users Will Still Use Coal Despite COP26 Pledge

Nov 05, 2021 at 09:32 | Julianne Geiger

The UK, Germany, Italy, South Korea, and Indonesia are among the 40 countries that signed a pledge to phase out coal. That seems a positive development for the climate. But…

OPEC+: Global Energy Crisis Isn’t Our Problem

OPEC+: Global Energy Crisis Isn’t Our Problem

Nov 04, 2021 at 13:08 | Julianne Geiger

Your problem isn’t our problem was the harsh message delivered by OPEC+ on Thursday at a post-OPEC+ meeting presser. Referring to the energy crisis soaring energy costs, Saudi Arabia’s Energy…

Enbridge Line 3 Could Reduce Crude-By-Rail Imports From Canada

Enbridge Line 3 Could Reduce Crude-By-Rail Imports From Canada

Nov 04, 2021 at 12:50 | Charles Kennedy

The recent start of operations of the Enbridge Line 3 replacement pipeline could cut shipments of crude by rail from Canada to the United States, the U.S. Energy Information Administration…

Sinopec Signs Huge Long-Term LNG Deal With U.S. Firm

Sinopec Signs Huge Long-Term LNG Deal With U.S. Firm

Nov 04, 2021 at 11:30 | Charles Kennedy

China’s energy giant Sinopec has signed a long-term delivery contract for liquefied natural gas with U.S. Venture Global in what has become the biggest such deal in China. Quoting state…

U.S. Gasoline Prices Set To Dip

U.S. Gasoline Prices Set To Dip

Nov 04, 2021 at 10:30 | Tsvetana Paraskova

U.S. retail gasoline prices have started to decline in recent days and could drop even further, according to fuel-savings app GasBuddy. "If you don't need gas, my suggestion is wait,"…

Oil Prices Spike As OPEC+ Panel Still Favors Cautious Production Increase

Oil Prices Spike As OPEC+ Panel Still Favors Cautious Production Increase

Nov 04, 2021 at 09:09 | Tsvetana Paraskova

After slumping by more than 3 percent on Wednesday, oil prices returned to rallying early on Thursday as the first reports from the OPEC+ meetings indicated that the Joint Ministerial…

California Forced To Embrace Natural Gas

California Forced To Embrace Natural Gas

Nov 04, 2021 at 08:58 | Irina Slav

Severe droughts and wildfires this year have pushed California to turn to natural gas in order to secure its energy supplies this winter, Reuters has reported, with the California…

WTI Sinks Below $80 On Rising Crude Inventories

WTI Sinks Below $80 On Rising Crude Inventories

Nov 03, 2021 at 16:12 | Julianne Geiger

Despite the energy crisis in Europe and Asia, and the alleged gas to oil switching as a result, rising crude oil stocks in the United States have just tanked WTI…

Poor Countries Flag “Disappointing” Lack Of Progress At COP Summit

Poor Countries Flag “Disappointing” Lack Of Progress At COP Summit

Nov 03, 2021 at 15:43 | Tsvetana Paraskova

The COP26 climate summit has so far disappointed with a lack of progress, according to the Chair of the Least Developed Countries Group at UN Climate Change negotiations. “The progress…

China To Make Huge Bet On Nuclear Power To Reach Climate Goals

China To Make Huge Bet On Nuclear Power To Reach Climate Goals

Nov 03, 2021 at 14:05 | Tsvetana Paraskova

China will rely heavily on nuclear energy in the coming decades to try to reach its own carbon neutrality goal in 2060, as it looks to significantly expand its nuclear…

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