• 3 minutes Electric cars may make driving too expensive for middle classes, warns Vauxhall chief
  • 6 minutes Natural gas mobility for heavy duty trucks
  • 12 minutes Colonial pipeline hack
  • 2 hours U.S. Presidential Elections Status - Electoral Votes
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours Texas Power Outage Danger Until June 18th. Texans told to conserve energy!
  • 48 mins Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 1 hour Federal Judge Says Biden Probably Wrong for Halting Drilling on Federal Land
  • 2 days And now, hybrid electric locomotives...

News

Washington Renews Chevron's Waiver To Keep Operating In Venezuela

Washington Renews Chevron's Waiver To Keep Operating In Venezuela

Jun 01, 2021 at 15:29 | Julianne Geiger

The Biden Administration has renewed US-based Chevron’s waiver to keep operating in sanctioned Venezuela until December 1, the US Treasury Department said on Tuesday. The license only allows Chevron to…

UK Looks To Support Rollout Of Nuclear Fusion Energy

UK Looks To Support Rollout Of Nuclear Fusion Energy

Jun 01, 2021 at 15:21 | Charles Kennedy

The United Kingdom will start work to create a regulatory framework for supporting research and development of nuclear fusion technology to enable the delivery of clean and safe energy, the…

Libya’s Oil Sales Fell 36% In April As Production Declined

Libya’s Oil Sales Fell 36% In April As Production Declined

Jun 01, 2021 at 13:28 | Tsvetana Paraskova

Libya generated total revenues from oil sales worth US$1.31 billion in April, the country’s National Oil Corporation (NOC) said on Tuesday in its regular update, which showed a 36-percent…

Exxon Quits Deepwater Oil Project In Ghana

Exxon Quits Deepwater Oil Project In Ghana

Jun 01, 2021 at 11:43 | Irina Slav

Exxon is leaving a deepwater prospect in Ghana after seismic work failed to produce good enough results. Bloomberg reports that the supermajor relinquished its whole stake in the Deepwater…

Nigeria’s Oil Revenues Slump 98% In April

Nigeria’s Oil Revenues Slump 98% In April

Jun 01, 2021 at 09:21 | Irina Slav

Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline, the Nigerian National Petroleum…

OPEC Boosted Production Less Than Expected In May

OPEC Boosted Production Less Than Expected In May

May 31, 2021 at 16:49 | Tsvetana Paraskova

As agreed in early April, OPEC has been raising its oil production in May, but lower output in Nigeria, Angola, and Iran partly offset major increases from top producers Saudi…

OPEC+ Still Sees Oil Demand Growing By 6 Million Bpd In 2021

OPEC+ Still Sees Oil Demand Growing By 6 Million Bpd In 2021

May 31, 2021 at 15:00 | Charles Kennedy

The Joint Technical Committee (JTC) of the OPEC+ group maintained at a meeting on Monday its outlook for global oil demand growth at around 6 million barrels…

Intel Warns: Chip Shortage Threatens EV Boom

Intel Warns: Chip Shortage Threatens EV Boom

May 31, 2021 at 12:37 | Tsvetana Paraskova

The current global chip shortage could take until 2023 to be overcome, semiconductor maker Intel said on Monday in another warning that the microchip supply crunch could delay the…

Rare Iranian Oil Cargo Reaches U.S. Shores

Rare Iranian Oil Cargo Reaches U.S. Shores

May 31, 2021 at 10:40 | Charles Kennedy

The first Iranian oil shipment in years reached the U.S. shores in March, Reuters has reported, citing data from the Energy Information Administration. The data showed that more than…

Cheap Energy Boosts Crypto Mining In Argentina

Cheap Energy Boosts Crypto Mining In Argentina

May 31, 2021 at 09:37 | Charles Kennedy

Low electricity rates and the perennial crises with inflation and foreign currency have made Argentina a hotspot for cryptocurrency mining. Crypto miners in Argentina reap huge profits from mining Bitcoin…

Nigeria Says It Is Preparing For Post-Oil World

Nigeria Says It Is Preparing For Post-Oil World

May 28, 2021 at 15:38 | Tsvetana Paraskova

Africa’s largest oil producer, Nigeria, is implementing efforts to prepare its economy for a post-oil era, Ogbonnaya Onu, the Minister of Science and Technology, said at a forum this…

Iraq Expands Port Infrastructure To Raise Fuel Trade   

Iraq Expands Port Infrastructure To Raise Fuel Trade   

May 28, 2021 at 15:35 | Charles Kennedy

Iraq plans to complete this year the construction of a new oil pier in its key fuel export and import facility in order to raise trade in refined oil products…

Shareholders Overwhelmingly Back Total’s Climate Policy

Shareholders Overwhelmingly Back Total’s Climate Policy

May 28, 2021 at 12:59 | Charles Kennedy

Shareholders supported on Friday the climate policy of French Total and approved the rebranding of the supermajor to TotalEnergies to reflect its pivot to renewable energy. Total’s annual general meeting…

Energy Companies Are Scrambling For Cyber Insurance

Energy Companies Are Scrambling For Cyber Insurance

May 28, 2021 at 10:51 | Irina Slav

U.S. energy companies are urgently building their cyberattack insurance coverage following the Colonial Pipeline network attack earlier this month, Reuters has reported, adding…

China’s Tech Emissions Are Set To Double By 2035

China’s Tech Emissions Are Set To Double By 2035

May 28, 2021 at 09:26 | Irina Slav

Carbon emissions from China’s booming digital infrastructure will jump more than twofold by 2035, Greenpeace has estimated, calling on businesses in the country to commit to clean energy.…

Crypto Mining Company Plans One Of The Largest Solar Projects In The U.S.

Crypto Mining Company Plans One Of The Largest Solar Projects In The U.S.

May 27, 2021 at 18:06 | Julianne Geiger

One crypto mining company is looking to make its solar power debut in Montana and is planning one of the largest solar projects in the United States known as the…

Indian State Refiner To Buy Iranian Oil If Iran Offers Price Discounts

Indian State Refiner To Buy Iranian Oil If Iran Offers Price Discounts

May 27, 2021 at 17:22 | Charles Kennedy

Bharat Petroleum Corporation Limited (BPCL), a state-controlled Indian refiner, could resume buying crude from Iran once U.S. sanctions are lifted, but it would only do so if the Islamic Republic…

Biden's Asia Advisor: ''U.S. Entering Period Of Intense Competition With China''

Biden's Asia Advisor: ''U.S. Entering Period Of Intense Competition With China''

May 27, 2021 at 14:00 | ZeroHedge

President Biden, possibly most famous for his - and his son's - business dealings in China coming into question whilst running for the Presidency, may wake up…

WoodMac: Asia Needs To Invest More In Gas To Lower Emissions

WoodMac: Asia Needs To Invest More In Gas To Lower Emissions

May 27, 2021 at 13:23 | Tsvetana Paraskova

Despite the call from the International Energy Agency (IEA) that no new funding for fossil fuels is necessary if the world wants to get on the net-zero 2050 pathway, Asia…

Venezuela Imports First Diesel Cargo In Six Months

Venezuela Imports First Diesel Cargo In Six Months

May 27, 2021 at 13:09 | Charles Kennedy

Venezuela welcomed this week its first diesel cargo since November 2020, a fuel that the country sitting atop the world’s largest oil reserves has been forced to ration, similar to…

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