• 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
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 11 days By Kellen McGovern Jones - "BlackRock Behind New TX-LA Offshore Wind Farm"
  • 11 hours If hydrogen is the answer, you're asking the wrong question
  • 7 days Solid State Lithium Battery Bank
  • 6 days Bad news for e-cars keeps coming

News

China’s Surging Commodity Exports Suggest Weak Domestic Demand

China’s Surging Commodity Exports Suggest Weak Domestic Demand

Jul 18, 2024 at 07:20 | Charles Kennedy

China’s copper, diesel, and alumina exports soared in June compared to the same month of 2023, with copper exports surging to a record high as sluggish domestic demand amid weaker-than-expected…

Russia Discusses Boosting Electricity Exports to China

Russia Discusses Boosting Electricity Exports to China

Jul 18, 2024 at 05:41 | Charles Kennedy

Russia and China are discussing the possibility of Russia increasing its electricity exports to China, but taking into account the growing power demand in Russia’s Far East, the Russian Energy…

Energy Hit Harder by Ransomware Attacks Than Other Sectors

Energy Hit Harder by Ransomware Attacks Than Other Sectors

Jul 18, 2024 at 04:28 | Tsvetana Paraskova

Ransomware attacks on oil and gas companies and utilities have not subsided over the past year despite an overall decline in the number of such attacks globally, cybersecurity firm Sophos…

Wildfires Return and Threaten Canada’s Oil Sands Once Again

Wildfires Return and Threaten Canada’s Oil Sands Once Again

Jul 18, 2024 at 03:30 | Tsvetana Paraskova

As many as 47 new wildfires were reported in Alberta over the past 24 hours, as extreme heat and dry weather are currently fanning about 150 wildfires in Canada’s…

JP Morgan Explains Why Oil Prices Could Hit $100 This Year

JP Morgan Explains Why Oil Prices Could Hit $100 This Year

Jul 18, 2024 at 02:36 | Tsvetana Paraskova

WTI crude oil prices could surge to $100 per barrel in the coming year as there are diminished incentives for producers to boost production, according to a note from JP…

California Launches First U.S. Hydrogen Hub With Federal Funding

California Launches First U.S. Hydrogen Hub With Federal Funding

Jul 18, 2024 at 01:30 | Tsvetana Paraskova

California has just become the first U.S. state to launch a hydrogen hub after the Department of Energy officially awarded federal funding to support clean hydrogen projects in California as…

WTI Crude Soars on Tailwinds of Saudi July Export Cuts

WTI Crude Soars on Tailwinds of Saudi July Export Cuts

Jul 17, 2024 at 16:21 | Julianne Geiger

U.S. benchmark West Texas Intermediate (WTI) is up over 2.9%, with Brent up only half that on the day, after the EIA reported a larger-than-expected draw on U.S. crude stockpiles…

US Eases Some Venezuela Sanctions, But Not For PdVSA

US Eases Some Venezuela Sanctions, But Not For PdVSA

Jul 17, 2024 at 13:09 | Alex Kimani

The United States Office of Foreign Assets Control (OFAC) has eased some sanctions on Venezuela but retained sanctions on PdVSA. OFAC has issued a new license allowing certain transactions related…

UAE Considering Building A Second Nuclear Power Plant

UAE Considering Building A Second Nuclear Power Plant

Jul 17, 2024 at 12:57 | Alex Kimani

The United Arab Emirates is considering building a second nuclear power plant to meet surging electricity demand, a government official has told Reuters.  Home to 10 million people, the…

Thai Tycoon to Create $20 Billion Firm With Energy and Telecoms Merger

Thai Tycoon to Create $20 Billion Firm With Energy and Telecoms Merger

Jul 17, 2024 at 08:46 | Charles Kennedy

Thai billionaire entrepreneur Sarath Ratanavadi plans to merge his energy and telecoms companies in a new firm, which will be worth around $20.5 billion. Ratanavadi, with a net…

Russian Oil Supply to Hungary Halted Due to Ukraine Sanctions on Lukoil

Russian Oil Supply to Hungary Halted Due to Ukraine Sanctions on Lukoil

Jul 17, 2024 at 07:39 | Charles Kennedy

Despite the fact that EU pipeline crude imports from Russia are not banned by the embargo, Russia is not delivering crude oil to Hungary at present after Ukraine imposed stricter…

Greece to Impose One-Off Windfall Tax on Gas Power Producers

Greece to Impose One-Off Windfall Tax on Gas Power Producers

Jul 17, 2024 at 07:34 | Charles Kennedy

Greece plans to tax its natural gas-fired power producers with a one-off windfall tax in August and September to raise funds to subsidize electricity bills as wholesale power prices spiked…

Growth in Fusion Energy Investments Slows for a Second Year

Growth in Fusion Energy Investments Slows for a Second Year

Jul 17, 2024 at 05:32 | Charles Kennedy

Investments in fusion energy efforts globally increased for yet another year, but the growth was slower than in the previous two years as many companies in the industry expect funding…

Trump Vows to Boost U.S. Oil Production if Elected President

Trump Vows to Boost U.S. Oil Production if Elected President

Jul 17, 2024 at 04:29 | Tsvetana Paraskova

Donald Trump has pledged to ramp up U.S. domestic oil production and undo some regulations to make that happen, the Republican presidential candidate told Bloomberg Businessweek in an exclusive…

EU Split on Chinese EV Tariffs

EU Split on Chinese EV Tariffs

Jul 17, 2024 at 03:34 | Tsvetana Paraskova

The European Union member states are split on the provisional EU tariffs on imports of Chinese electric vehicles, as many governments seek to avoid a trade war with China and…

North Dakota Oil Production Falls to Lowest Since January

North Dakota Oil Production Falls to Lowest Since January

Jul 17, 2024 at 02:33 | Tsvetana Paraskova

North Dakota’s crude oil production declined by about 50,000 barrels per day (bpd) in May compared to April, marking the lowest monthly output in the state since the freeze in…

Chinese Demand Concerns Weigh on Oil Prices

Chinese Demand Concerns Weigh on Oil Prices

Jul 17, 2024 at 01:25 | Tsvetana Paraskova

Oil prices continued to be weighed down in Asian trade on Wednesday by growing concerns about China’s economic growth and oil demand which were offsetting an estimated drop in U.S.…

Crude Inventories Fall Again as Fuel Stocks Build

Crude Inventories Fall Again as Fuel Stocks Build

Jul 16, 2024 at 16:01 | Julianne Geiger

Crude oil inventories in the United States fell sharply this week by 4.44 million barrels for the week ending July 12, according to The American Petroleum Institute (API). For the…

$15B Claim for Keystone XL Rejected

$15B Claim for Keystone XL Rejected

Jul 16, 2024 at 15:56 | Julianne Geiger

TC Energy's bid for a $15 billion payout over the canceled Keystone XL pipeline project has hit a wall. A trade tribunal has dismissed the company's claim, marking a significant…

Russia to Implement Summer Oil Production Cuts

Russia to Implement Summer Oil Production Cuts

Jul 16, 2024 at 15:51 | Julianne Geiger

Russia will implement additional crude oil production cuts during the warmer seasons to compensate for exceeding its OPEC+ quota in months past, according to sources familiar with the matter who…

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