• 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 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 50 mins They pay YOU to TAKE Natural Gas
  • 6 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 6 days How Far Have We Really Gotten With Alternative Energy
  • 10 days e-truck insanity
  • 8 days An interesting statistic about bitumens?
  • 13 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

News

Russia's Gazprom Boosts Natural Gas Supplies To China

Russia's Gazprom Boosts Natural Gas Supplies To China

Sep 09, 2020 at 12:41 | Michael Kern

Russia's natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared to June, a senior Gazprom…

Mexico’s Pemex Slashes Oil Production Target For 2021

Mexico’s Pemex Slashes Oil Production Target For 2021

Sep 09, 2020 at 12:18 | Irina Slav

Mexico has revised down energy giant Pemex’s oil production target for next year by more than 8 percent in what was a no-surprise move to those familiar with the company’s…

Pessimism Over Economic Recovery Grows In Canada’s Oil Province

Pessimism Over Economic Recovery Grows In Canada’s Oil Province

Sep 09, 2020 at 11:13 | Tsvetana Paraskova

The majority of people in Canada's oil-producing province of Alberta saw their economic fortunes worsened after the pandemic and the oil price crash, compared to a national average of 35…

Musk Lost $16.3 Billion In Tesla’s Biggest Ever Stock Drop

Musk Lost $16.3 Billion In Tesla’s Biggest Ever Stock Drop

Sep 09, 2020 at 10:39 | Charles Kennedy

Tesla’s chief executive Elon Musk’s wealth shrunk by $16.3 billion in a single day as the company’s shares tanked, Bloomberg reports. Tesla’s stock plunged by the most in its…

Gold Prices Rise Despite Positive Employment Data

Gold Prices Rise Despite Positive Employment Data

Sep 09, 2020 at 09:34 | Arkadiusz Sieron

The U.S. labor market improved in August, although headlines paint too rosy a picture. What does it all mean for the gold market? Great news for…

Natural Gas Prices Tank, But Regional Price Differentials Narrow

Natural Gas Prices Tank, But Regional Price Differentials Narrow

Sep 08, 2020 at 17:39 | Charles Kennedy

Along with WTI and Brent crude prices, natural gas prices fell precipitously on Tuesday, but the regional differences in gas prices during the last couple of months are shrinking according…

Russian Energy Minister: Russia Should Regain Market Share As Soon As Feasible

Russian Energy Minister: Russia Should Regain Market Share As Soon As Feasible

Sep 08, 2020 at 15:33 | Tsvetana Paraskova

Russia should regain its share on the global oil market once demand returns to normal, and it can do that and even increase its market share after the drop-off in…

Saudi Arabia Advances Nuclear Power Agenda

Saudi Arabia Advances Nuclear Power Agenda

Sep 08, 2020 at 13:38 | Irina Slav

Saudi Arabia has scored the support of the International Atomic Energy Agency in its effort to adopt nuclear energy, Reuters reports, quoting a Saudi TV channel that cited the…

Exxon Makes 18th Oil Discovery Offshore Guyana

Exxon Makes 18th Oil Discovery Offshore Guyana

Sep 08, 2020 at 11:45 | Charles Kennedy

ExxonMobil said on Tuesday it had made its 18th oil discovery offshore Guyana, which adds to its previous estimate of more than 8 billion barrels of discovered recoverable resources…

More Electricity Outages Threaten Californians

More Electricity Outages Threaten Californians

Sep 08, 2020 at 10:27 | Irina Slav

Less than a month after California utilities barely prevented planned outages amid a heatwave that led to a boom in power consumption, the threat is back: PG&E said late yesterday…

Japan Tried To Broker Oil Barter Deal Between Iran, U.S.

Japan Tried To Broker Oil Barter Deal Between Iran, U.S.

Sep 08, 2020 at 09:26 | Michael Kern

The Japanese government tried to melt the freeze between Washington and Tehran by proposing a swap deal involving Iranian oil and U.S. grain, Kyodo reports, citing unnamed government sources.…

COVID-19 Forces Libyan Oil Companies To Halt Operations

COVID-19 Forces Libyan Oil Companies To Halt Operations

Sep 08, 2020 at 08:30 | Julianne Geiger

Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC statement. Libya’s…

Fire Erupts Again On Oil Tanker Off Sri Lanka

Fire Erupts Again On Oil Tanker Off Sri Lanka

Sep 07, 2020 at 17:36 | Tsvetana Paraskova

A new fire has erupted on the fully loaded oil tanker offshore Sri Lanka, due to extreme temperatures and high winds, the Sri Lanka Navy said on Monday, days…

UK Risks Blackouts Warns Grid Operator

UK Risks Blackouts Warns Grid Operator

Sep 07, 2020 at 17:01 | Charles Kennedy

The UK’s National Grid said on Monday that proposed new rules of energy company investments in the networks reduce the reliability and resilience of the electricity supply in the…

New Tax Rule Could Cost Russian Fuel Oil Exporters $1B Annually

New Tax Rule Could Cost Russian Fuel Oil Exporters $1B Annually

Sep 07, 2020 at 14:23 | Tsvetana Paraskova

A new export tax rule in Russia could cost domestic exporters of fuel oil as much as US$1 billion in missed sales every year, Reuters has estimated.   Russia…

Russia Says It Complied Nearly 100% With OPEC+ Oil Deal

Russia Says It Complied Nearly 100% With OPEC+ Oil Deal

Sep 07, 2020 at 13:35 | Tsvetana Paraskova

Russia complied nearly 100 percent with its share of oil production cuts in August as per the OPEC+ deal, Russian Energy Minister Alexander Novak said on Monday. Independent assessments…

The Energy Jobs Gen Z Actually Want

The Energy Jobs Gen Z Actually Want

Sep 07, 2020 at 13:12 | Michael Kern

Fossil fuels are out. At least according to the younger generations. Neither millennials nor their up-and-coming counterparts, the zoomers, or Gen Z, are particularly interested in working in…

Total Ditches Environmentally Sensitive Brazilian Oil Blocks

Total Ditches Environmentally Sensitive Brazilian Oil Blocks

Sep 07, 2020 at 11:57 | Charles Kennedy

French supermajor Total is giving up operatorship of five exploration blocks offshore Brazil in an environmentally sensitive area for which it has failed to secure drilling permits numerous times. Total…

Libya Experiences More Blackouts As Oil Ports Remain Blocked

Libya Experiences More Blackouts As Oil Ports Remain Blocked

Sep 07, 2020 at 10:41 | Tsvetana Paraskova

Libya's central and southern regions experienced a major power outage on Thursday, the state General Electricity Company of Libya (GECOL) said on Friday, while Libya's oil terminals remain blocked for…

Iraq To Boost Refinery Capacity

Iraq To Boost Refinery Capacity

Sep 07, 2020 at 09:35 | Charles Kennedy

Iraq plans to increase the processing capacity of its Qayara refinery in the northern part of the country to 90,000 bpd, Argus Media reported. Currently, the capacity of the…

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