• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 1 min Rioting and Protesting
  • 5 mins National Guard kills again
  • 54 mins WHY was George Floyd Murdered and Why Publicly
  • 1 hour Trump waves a Bible
Oil Price Rally Breaks Records In May

Oil Price Rally Breaks Records In May

Early signs of growing demand…

China Scoops Up Cheap Nigerian Oil

China Scoops Up Cheap Nigerian Oil

Nigeria can finally let off…

News

Russia Bans All Oil Product Imports To Protect Its Refining Industry

Russia Bans All Oil Product Imports To Protect Its Refining Industry

May 25, 2020 at 10:38 | Tsvetana Paraskova

Russia is banning imports of refined oil products, including gasoline, diesel, and jet fuel, to protect its refining industry from cheap imports, according to a decree published on Russia’s…

Tesla Looks To Produce Cars In China With New Type Of Battery

Tesla Looks To Produce Cars In China With New Type Of Battery

May 25, 2020 at 09:33 | Irina Slav

Tesla has made a move away from the dominant EV battery technology, asking the Chinese government for approval to start manufacturing Tesla Model 3 featuring a lithium iron phosphate batteries,…

Memorial Day Gasoline Prices Near 20-Year Low

Memorial Day Gasoline Prices Near 20-Year Low

May 22, 2020 at 16:26 | Julianne Geiger

Welcome to Memorial Day weekend, a weekend traditionally filled with fun, food, family—and driving. If you are one of the lucky ones that gets to go out and about this…

Top 12 Listed Oil Giants Book Huge $20.6 Billion Loss In First Quarter

Top 12 Listed Oil Giants Book Huge $20.6 Billion Loss In First Quarter

May 22, 2020 at 13:55 | Tsvetana Paraskova

The 12 largest listed oil companies in the world booked a combined net loss of US$20.6 billion for the first quarter this year, compared to a collective net income of…

UK Judge Dismisses $1B Nigeria Bribery Case Against Eni, Shell

UK Judge Dismisses $1B Nigeria Bribery Case Against Eni, Shell

May 22, 2020 at 12:22 | Tsvetana Paraskova

A UK judge dismissed on Friday a lawsuit against Eni and Shell brought by the Nigerian government alleging that the oil and gas supermajors knew about US$1.1 billion in…

U.S. Approves $43B Alaska LNG Project Which Still Seeks Investors

U.S. Approves $43B Alaska LNG Project Which Still Seeks Investors

May 22, 2020 at 11:07 | Tsvetana Paraskova

The U.S. Federal Energy Regulatory Commission (FERC) approved this week the construction and operation of the Alaska LNG project estimated at US$43 billion, which has been years in the…

Interior Dept Postpones Decision On Oil Drilling In New Mexico

Interior Dept Postpones Decision On Oil Drilling In New Mexico

May 22, 2020 at 09:11 | Irina Slav

Interior Secretary David Bernhardt said the department will extend the public comments period for a controversial oil and gas drilling plan in a part of New Mexico that contains a…

Shell Offers Staff Voluntary Severance Pay

Shell Offers Staff Voluntary Severance Pay

May 21, 2020 at 18:02 | Julianne Geiger

As the price of a Brent barrel is trading at nearly half of what it was at the beginning of the year, Royal Dutch Shell Plc (NYSE: RDS.A) is planning…

Alaska Pipeline Operator Eases Oil Cuts As Demand Picks Up

Alaska Pipeline Operator Eases Oil Cuts As Demand Picks Up

May 21, 2020 at 15:49 | Tsvetana Paraskova

Alyeska Pipeline, the operator of the Trans-Alaska Pipeline System (TAPS), is allowing increased oil flows through the pipeline system, easing the production curtailments on the North Slope as demand begins…

OPEC Producer Algeria Aims To Build $3.6B Solar Power Projects

OPEC Producer Algeria Aims To Build $3.6B Solar Power Projects

May 21, 2020 at 13:45 | Tsvetana Paraskova

OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic (PV) projects to produce renewable electricity for export and for meeting increasing domestic power demand. The…

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