• 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
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 20 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Hess Board Recommends Merger With Chevron

Oil Moves Down on Inventory Rise

Oil Moves Down on Inventory Rise

Crude oil prices inched lower…

EU and Turkmenistan Eye New Energy Partnerships

EU and Turkmenistan Eye New Energy Partnerships

Turkmenistan's Foreign Minister announces an…

News

Inventory Draws Across The Board Jolt Oil Prices

Inventory Draws Across The Board Jolt Oil Prices

Mar 12, 2024 at 15:45 | Julianne Geiger

Crude oil inventories in the United States fell this week by 5.521 million barrels for the week ending March 8, according to The American Petroleum Institute (API), largely contradicting analysts,…

U.S. Driving Activity to Reach All-Time Highs But Gasoline Consumption Seen Flat

U.S. Driving Activity to Reach All-Time Highs But Gasoline Consumption Seen Flat

Mar 12, 2024 at 14:40 | Julianne Geiger

Driving activity in the United States will reach all-time highs this year and next, the Energy Administration said on Tuesday in its latest editing of the Short Term Energy Outlook.…

EIA Raises Crude Oil Price Outlook

EIA Raises Crude Oil Price Outlook

Mar 12, 2024 at 13:29 | Julianne Geiger

The Energy Information Administration lifted its outlook for Brent crude oil prices for this year and next, the agency said in a Tuesday report. The EIA now sees the spot…

Shell Could Slow the Rate of its Emissions Cuts

Shell Could Slow the Rate of its Emissions Cuts

Mar 12, 2024 at 09:59 | Charles Kennedy

UK-based supermajor Shell has been updating its strategy on climate targets and could announce a slower pace of its emissions reductions later this week, anonymous sources with knowledge of the…

Exploring the World's Most Volatile Commodities

Exploring the World's Most Volatile Commodities

Mar 12, 2024 at 09:41 | ChAI

In the intricate world of commodities, volatility is a double-edged sword: it presents both significant risk and potential reward. Commodities, by their very nature, are susceptible to wide price…

Starling Bank Poaches Ovo Energy Boss Ahead of London Stock Market Debut

Starling Bank Poaches Ovo Energy Boss Ahead of London Stock Market Debut

Mar 12, 2024 at 09:27 | City A.M

Starling Bank has appointed Ovo boss Raman Bhatia to be its permanent chief executive, taking over from interim CEO John Mountain ahead of a planned public listing.

OPEC’s Oil Production Rose in February Despite Cut Extension

OPEC’s Oil Production Rose in February Despite Cut Extension

Mar 12, 2024 at 08:35 | Charles Kennedy

Despite the voluntary production cuts of several major producers of the OPEC+ alliance, OPEC’s oil production rose in February by more than 200,000 barrels per day (bpd) compared to January,…

Russia’s Coal Exports to Asia Slump Amid Intense Competition

Russia’s Coal Exports to Asia Slump Amid Intense Competition

Mar 12, 2024 at 08:00 | Tsvetana Paraskova

The lower prices of coal from major exporters Indonesia, South Africa, and Australia are weighing on Russia’s capacity to sell more of its coal to Asia, which has become Moscow’s…

Russian Seaborne Crude Oil Exports Hit 2024 High

Russian Seaborne Crude Oil Exports Hit 2024 High

Mar 12, 2024 at 07:18 | Tsvetana Paraskova

Russia exported last week the highest weekly crude oil volumes so far this year, at 3.7 million barrels per day (bpd), up by nearly 600,000 bpd from the previous week…

Russian Oil Refinery Catches Fire Following Ukrainian Drone Attacks

Russian Oil Refinery Catches Fire Following Ukrainian Drone Attacks

Mar 12, 2024 at 06:13 | Tsvetana Paraskova

A Lukoil refinery in western Russia is on fire following a drone attack early on Tuesday local time in what appears to be several coordinated attacks by drones from Ukraine…

Sinopec Starts Production at Massive Natural Gas Field

Sinopec Starts Production at Massive Natural Gas Field

Mar 12, 2024 at 04:23 | Charles Kennedy

China’s Sinopec has begun production at a natural gas field that has an annual capacity estimated at 2 billion cubic meters. The field, in the province of Sichuan, has reserves…

The Race to Host the Africa Energy Bank Is Heating Up

The Race to Host the Africa Energy Bank Is Heating Up

Mar 12, 2024 at 03:31 | Irina Slav

Nigeria is facing mounting opposition from neighbors and other countries to its bid for the headquarters of the Africa Energy Bank, a proposed initiative to support investments in the continent's…

UK to Build More Gas Power Plants to Avoid Blackouts

UK to Build More Gas Power Plants to Avoid Blackouts

Mar 12, 2024 at 02:17 | Irina Slav

The UK will need more gas-fired power plants in the future to avoid blackouts, Energy Security Secretary Claire Coutinho warned today, as older facilities get retired. The warning comes…

Petrobras Attempts To Salvage Market Value

Petrobras Attempts To Salvage Market Value

Mar 11, 2024 at 14:41 | Julianne Geiger

A few days after losing $14 billion in market value, Brazil’s state-run oil company, Petrobras, said it may dole out a special dividend after all, CEO Jean-Paul Prates said Monday,…

U.S. Remains World's Largest Oil Producer for Sixth Year in a Row

U.S. Remains World's Largest Oil Producer for Sixth Year in a Row

Mar 11, 2024 at 13:58 | Charles Kennedy

The United States produced more crude oil than any other country in 2023, for the sixth year in a row, with production averaging 12.9 million barrels per day, up from…

UK Energy Watchdog Opens Probe into Abuse of Dominant Position

UK Energy Watchdog Opens Probe into Abuse of Dominant Position

Mar 11, 2024 at 12:23 | Charles Kennedy

The Office of Gas and Electricity Markets (Ofgem), the UK’s energy market regulator, has opened an investigation into an unnamed company for alleged abuse of dominant position. “The opening…

Shell’s LNG Trading Head to Step Down Weeks After Posting $2.4 Billion Profit

Shell’s LNG Trading Head to Step Down Weeks After Posting $2.4 Billion Profit

Mar 11, 2024 at 09:48 | Charles Kennedy

Just weeks after posting $2.4 billion in trading profits from liquefied natural gas (LNG) in the fourth quarter of last year, the long-time head of Shell’s LNG, natural gas and…

U.S. Gasoline Prices Rise for the Second Consecutive Week

U.S. Gasoline Prices Rise for the Second Consecutive Week

Mar 11, 2024 at 09:08 | Charles Kennedy

U.S. gasoline prices rose for a second week in a row, to average $3.40 per gallon on Monday, up by 6.2 cents from a week ago, amid…

Morocco to Allocate 1 Million Hectares to Green Hydrogen Projects

Morocco to Allocate 1 Million Hectares to Green Hydrogen Projects

Mar 11, 2024 at 08:26 | Tsvetana Paraskova

Morocco is looking to attract green hydrogen investments by allocating 1 million hectares of public land to projects, the government said on Monday. The…

Bank of America Set to Expand Its Energy Transition Business

Bank of America Set to Expand Its Energy Transition Business

Mar 11, 2024 at 08:06 | Tsvetana Paraskova

Bank of America is looking to expand its business related to the energy transition, boosting carbon trading, and power and natural gas markets trading, senior executives have told 

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