• 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
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days The United States produced more crude oil than any nation, at any time.
  • 57 mins Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 mins How Far Have We Really Gotten With Alternative Energy
New Russian Sanctions Spark Metal Market Volatility

New Russian Sanctions Spark Metal Market Volatility

Sanctions on Russian copper, aluminum,…

Could The U.S. Become Lithium Independent?

Could The U.S. Become Lithium Independent?

Despite having some of the…

News

ADNOC: The World Nears 100 Million Bpd Oil Consumption Milestone

ADNOC: The World Nears 100 Million Bpd Oil Consumption Milestone

Oct 24, 2018 at 15:46 | Tsvetana Paraskova

The world is about to hit the historic milestone of consuming more than 100 million barrels of oil per day, Sultan Ahmed Al Jaber, UAE Minister of State and Group…

Top Chinese Refiners Not Booking Iranian Oil For November

Top Chinese Refiners Not Booking Iranian Oil For November

Oct 24, 2018 at 13:28 | Tsvetana Paraskova

China’s largest refiners, state-held Sinopec and China National Petroleum Corporation (CNPC), haven’t booked any crude oil cargoes from Iran for November due to fears that in doing so, they would…

Qatar Plans 43% Boost In LNG Production Capacity

Qatar Plans 43% Boost In LNG Production Capacity

Oct 24, 2018 at 12:17 | Irina Slav

Qatar plans to increase its liquefied natural gas production capacity by 43 percent to 110 million tons annually, S&P Global Platts reports, citing the country’s Energy and Industry Minister.…

First Nation To Shun Any Trans Mountain Pipeline Review

First Nation To Shun Any Trans Mountain Pipeline Review

Oct 24, 2018 at 11:51 | Irina Slav

A First Nations chief has declared that no outcome from the National Energy Board’s review of the Trans Mountain expansion project will satisfy his people because they want the project…

‘’Canada Won’t Stop Exporting Arms To Saudi But Needs To Cut Oil Imports’’

‘’Canada Won’t Stop Exporting Arms To Saudi But Needs To Cut Oil Imports’’

Oct 24, 2018 at 11:23 | Irina Slav

Canada probably won’t stop exporting light armored vehicles to Saudi Arabia amid global outrage at the killing of Saudi government critic Jamal Khashoggi, but it needs to reduce its dependency…

$40 Billion Ichthys LNG Project Begins Gas Exports

$40 Billion Ichthys LNG Project Begins Gas Exports

Oct 24, 2018 at 09:25 | Tsvetana Paraskova

France’s oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) from the Ichthys LNG project offshore Western Australia had left the…

Why Middle East Oil To Asia Is Trading At A Discount

Why Middle East Oil To Asia Is Trading At A Discount

Oct 23, 2018 at 18:01 | Tsvetana Paraskova

Bucking the trend from last month, when spot cargoes of Middle Eastern oil traded at multi-year premium highs in Asia due to falling Iranian oil supply, this month spot cargoes…

Oil Price Losses Mount After API Reports Huge Inventory Build

Oil Price Losses Mount After API Reports Huge Inventory Build

Oct 23, 2018 at 15:44 | Julianne Geiger

The American Petroleum Institute (API) reported a huge build of 9.88 million barrels of United States crude oil inventories for the week ending October 19, compared to analyst expectations that…

Solar Firm Hanergy Going Private After 3-Year Trade Suspension

Solar Firm Hanergy Going Private After 3-Year Trade Suspension

Oct 23, 2018 at 15:31 | Tsvetana Paraskova

The parent group of solar power equipment maker Hanergy Thin Film Power Group—whose shares have been suspended from trade in Hong Kong for more than three years—is taking the company…

Think Tank: India Can Do Without Iranian Oil Imports

Think Tank: India Can Do Without Iranian Oil Imports

Oct 23, 2018 at 13:56 | Tsvetana Paraskova

India can probably do without importing Iranian crude oil, the chairman of a Switzerland-based think tank told Times of India on Tuesday, but warned that the trade wars and…

B.C. Faces Gas Shortage As Winter Approaches

B.C. Faces Gas Shortage As Winter Approaches

Oct 23, 2018 at 12:56 | Irina Slav

A natural gas pipeline explosion that occurred earlier this month near the city of Prince George will reduce supply to British Columbia by between 20 and 50 percent this winter,…

Total’s Pouyanne Breaks From Crowd, Attends Saudi Investment Conference

Total’s Pouyanne Breaks From Crowd, Attends Saudi Investment Conference

Oct 23, 2018 at 11:54 | Irina Slav

Total’s chief executive Patrick Pouyanne has gone against the predominant sentiment in the business world and will attend the Future Investment Initiative in Riyadh unlike a number of prominent company…

Alberta PM Asks Ottawa For More Oil Trains

Alberta PM Asks Ottawa For More Oil Trains

Oct 23, 2018 at 09:39 | Irina Slav

The Premier of Alberta, Rachel Notley, has called on the federal government in Ottawa to supply more rail cars to transport the province’s rising crude oil production to refineries as…

Private Hire Firm Aims To Roll Out Self-Driving Cars In London By 2021

Private Hire Firm Aims To Roll Out Self-Driving Cars In London By 2021

Oct 22, 2018 at 18:12 | Tsvetana Paraskova

Private hire taxi business Adison Lee and British self-driving software specialist Oxbotica said on Monday that they struck a strategic alliance aiming to deploy and operate self-driving services in…

Halliburton Beats Estimates Despite Weaker U.S. Demand

Halliburton Beats Estimates Despite Weaker U.S. Demand

Oct 22, 2018 at 18:03 | Tsvetana Paraskova

Halliburton (NYSE:HAL) reported on Monday a net income of US$435 million, or US$0.50 per diluted share, for the third quarter of 2018, up from the third quarter of…

U.S. Warns Russia Against Trying To Help Iran Skirt Oil Sanctions

U.S. Warns Russia Against Trying To Help Iran Skirt Oil Sanctions

Oct 22, 2018 at 17:23 | Tsvetana Paraskova

The United States warned Russia to not even consider helping Iran to evade the U.S. sanctions on Tehran’s oil, a senior U.S. Administration official told the Financial Times. “Iran…

U.S. Gulf Coast Crude Exports Fall As Freight Costs Surge

U.S. Gulf Coast Crude Exports Fall As Freight Costs Surge

Oct 22, 2018 at 13:28 | Tsvetana Paraskova

U.S. Gulf Coast crude oil exports have been slowing in recent weeks, due to arbitrage constraints because of surging freight rates, S&P Global Platts reports, citing market participants’ expectations…

Mnuchin: Washington Will Insist On At Least 20% Iran Oil Import Cuts

Mnuchin: Washington Will Insist On At Least 20% Iran Oil Import Cuts

Oct 22, 2018 at 12:20 | Irina Slav

U.S. Treasury Secretary Steven Mnuchin warned this weekend that countries importing Iranian crude that want to continue importing it will need to reduce their intake of Iranian crude by more…

Ethiopia Inks Peace Deal With Rebel Group In Gas-Rich Region

Ethiopia Inks Peace Deal With Rebel Group In Gas-Rich Region

Oct 22, 2018 at 09:39 | Irina Slav

The Ethiopian government has reached a peace deal with a rebel group active in a gas-rich region that the authorities had classified as a terrorist organization, Reuters reports, citing…

Chinese City Wants To Launch Artificial Moon To Light Up Streets

Chinese City Wants To Launch Artificial Moon To Light Up Streets

Oct 20, 2018 at 09:24 | Tsvetana Paraskova

China wants to launch a world-first ‘man-made moon’ over the southwestern city of Chengdu by 2020 to help illuminate the city at night. If the first artificial moon experiment is…

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