• 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
  • 5 days They pay YOU to TAKE Natural Gas
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days What fool thought this was a good idea...
  • 5 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 1 hour A question...
  • 11 days The United States produced more crude oil than any nation, at any time.
EU Unleashes Sweeping Sanctions Against Moscow and Minsk

EU Unleashes Sweeping Sanctions Against Moscow and Minsk

The European Commission presents a…

SPR Levels Remain Low

SPR Levels Remain Low

Despite claims, the U.S. has…

Two Sectors Driving the Future of Oil Demand

Two Sectors Driving the Future of Oil Demand

Oil demand is expected to…

News

Iraq Wants OPEC+ To Approve Higher Oil Exports

Iraq Wants OPEC+ To Approve Higher Oil Exports

Sep 24, 2020 at 09:20 | Irina Slav

Iraq expects OPEC+ will allow it to increase its oil exports beginning next year, Reuters reported today, citing the Iraqi state new agency INA, which was quoting the country’s oil…

EIA Sees Global Oil Market Balancing By End-2021

EIA Sees Global Oil Market Balancing By End-2021

Sep 23, 2020 at 14:46 | Charles Kennedy

The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of next…

Despite Recent Commitments, Big Oil Still Behind On Climate Change

Despite Recent Commitments, Big Oil Still Behind On Climate Change

Sep 23, 2020 at 13:37 | Irina Slav

As most Big Oil majors have recently made commitments to reduce their carbon footprint and help tackle climate change more actively. According to a new report from anti-oil advocacy…

Airbus Reveals Hydrogen-Powered Concept Airplanes For 2035

Airbus Reveals Hydrogen-Powered Concept Airplanes For 2035

Sep 23, 2020 at 12:22 | ZeroHedge

On Monday, Airbus revealed three visual concepts for "zero-emission" commercial airliners powered by hydrogen, which could enter service by 2035.  The planemaker's push for the world's first zero-emission commercial aircraft is part of a…

Iran And Venezuela Defy U.S. Sanctions In Bilateral Oil Trade

Iran And Venezuela Defy U.S. Sanctions In Bilateral Oil Trade

Sep 23, 2020 at 10:40 | Charles Kennedy

After Iran delivered condensate to Venezuela via an Iran-flagged tanker, the same tanker is now loading Venezuelan crude oil at a terminal in the Latin American country, in defiance of…

Mexico May Delay Energy Reform

Mexico May Delay Energy Reform

Sep 23, 2020 at 09:32 | Michael Kern

Mexico could delay its planned energy sector reform until next year after President Andres Manuel Lopez Obrador asked regulators this week to help prop up state oil major Pemex, Reuters…

Oil Holds Gains As Large Gasoline Draw Offsets Crude Build

Oil Holds Gains As Large Gasoline Draw Offsets Crude Build

Sep 22, 2020 at 15:40 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 691,000 barrels for the week ending September 18. Analysts had predicted an inventory draw of…

Australia Plans US$13B Investment In Low-Emission Tech

Australia Plans US$13B Investment In Low-Emission Tech

Sep 22, 2020 at 15:05 | Charles Kennedy

Australia, the world’s top coal exporter, plans to invest over US$13 billion (18 billion Australian dollars) in low emission technologies through 2030, as it aims to deliver lower emissions, lower…

Chinese Oil Giant Could Buy Exxon's North Sea Assets

Chinese Oil Giant Could Buy Exxon's North Sea Assets

Sep 22, 2020 at 13:48 | Irina Slav

Sinopec and a private equity-backed company are among some half a dozen candidates to acquire Exxon’s North Sea assets that the supermajor put up for sale earlier this year. Kuwait…

China Promises To Do More To Tackle Climate Change

China Promises To Do More To Tackle Climate Change

Sep 22, 2020 at 10:33 | Irina Slav

China is ready to do more to tackle climate change, the country’s chief climate advisor said, as quoted by Reuters, and plans to deliver this message to the UN…

Pompeo: We are Building A Coalition Against Nord Stream 2

Pompeo: We are Building A Coalition Against Nord Stream 2

Sep 22, 2020 at 09:34 | Charles Kennedy

The United States is building a coalition aimed at preventing the completion of the Nord Stream 2 pipeline that will substantially increase the flow of Russian gas into Europe, the…

India Topped Its Strategic Petroleum Reserves With $19 A Barrel Oil

India Topped Its Strategic Petroleum Reserves With $19 A Barrel Oil

Sep 21, 2020 at 15:51 | Tsvetana Paraskova

India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel, saving nearly US$700 million in the process, India’s…

Canada’s No.1 Oil Hub Lost Its Only School

Canada’s No.1 Oil Hub Lost Its Only School

Sep 21, 2020 at 14:34 | Charles Kennedy

Hardisty, Alberta – the major oil hub in Canada that serves as the basis for the Canadian oil benchmark – doesn’t have a school anymore, and the community fears that…

Tesla's “battery day” Could Be Bad News For Cobalt Miners

Tesla's “battery day” Could Be Bad News For Cobalt Miners

Sep 21, 2020 at 12:50 | MINING.com

Elon Musk’s Tesla hosts its annual shareholder meeting on Tuesday, Sept. 22,…

CNOOC Begins Production At New Oilfield In South China Sea

CNOOC Begins Production At New Oilfield In South China Sea

Sep 21, 2020 at 12:08 | Charles Kennedy

China National Offshore Oil Corporation (CNOOC) said on Sunday it had started oil production from the Liuhua 16-2 oilfield cluster in the Eastern South China Sea, which is expected…

Norway’s Oil Fund Is Buying Bitcoin

Norway’s Oil Fund Is Buying Bitcoin

Sep 21, 2020 at 10:29 | Michael Kern

Norway’s sovereign wealth fund holds close to 600 Bitcoin through a 1.51-percent stake in MicroStrategy—a business intelligence firm that recently made headlines with its Bitcoin buying spree. The amount…

Canadian Miner Wants To Put Date On Sale Of Citgo Parent Company

Canadian Miner Wants To Put Date On Sale Of Citgo Parent Company

Sep 21, 2020 at 09:23 | Irina Slav

Crystallex, the Canadian mining company that years ago won a $1.4-billion arbitration against Venezuela’s PDVSA has urged a district judge to set a date for the sale of U.S. refiner…

U.S. Wants Bankrupt Offshore Drillers To Pick Up The Tab For Abandoned Wells

U.S. Wants Bankrupt Offshore Drillers To Pick Up The Tab For Abandoned Wells

Sep 20, 2020 at 09:58 | Tsvetana Paraskova

The U.S. Department of the Interior is proposing a regulation that will not allow oil producers to avoid picking up their offshore well decommissioning tab when they go bankrupt, the…

UK Energy Firms Could Switch Off EV Chargers As Demand Peaks

UK Energy Firms Could Switch Off EV Chargers As Demand Peaks

Sep 18, 2020 at 14:56 | Charles Kennedy

New rules proposed in the UK could see electricity distributors switching off electric vehicle (EV) chargers at home connected to the smart meter system to prevent grid overloads in…

Pompeo Promotes U.S. Companies To New Oil Nations Guyana, Suriname

Pompeo Promotes U.S. Companies To New Oil Nations Guyana, Suriname

Sep 18, 2020 at 10:40 | Charles Kennedy

U.S. Secretary of State Mike Pompeo carried out a promotional campaign for U.S. private companies in Suriname and Guyana, two small but newly famous for their oil wealth South American…

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