• 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
  • 7 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days How Far Have We Really Gotten With Alternative Energy

News

Russia Set To Slash Diesel Exports In September

Russia Set To Slash Diesel Exports In September

Sep 08, 2023 at 07:26 | Tsvetana Paraskova

Amid refinery maintenance and rising domestic fuel prices, Russia is set to cut its diesel exports from its ports on the Baltic and Black Seas by nearly 25% in September…

UK Renewable Auction Fails To Attract A Single Offshore Wind Bid

UK Renewable Auction Fails To Attract A Single Offshore Wind Bid

Sep 08, 2023 at 05:52 | Tsvetana Paraskova

Despite the fact that a record number of renewable energy capacity projects were awarded government funding in the UK’s latest clean energy auction, not a…

Alberta Launches First Lithium Extraction Project

Alberta Launches First Lithium Extraction Project

Sep 08, 2023 at 04:58 | Tsvetana Paraskova

The Canadian province of Alberta has just entered the global race for lithium extraction after a Canadian lithium extraction start-up launched its Direct Lithium Extraction…

Oil Majors Pull Out From Mexico Exploration Projects

Oil Majors Pull Out From Mexico Exploration Projects

Sep 08, 2023 at 03:34 | Charles Kennedy

Chevron and Spain’s Repsol have quit exploration at two offshore blocks in Mexico waters after early work suggested there are not enough resources to make it worthwhile to…

Chevron LNG Workers Begin Strike

Chevron LNG Workers Begin Strike

Sep 08, 2023 at 01:00 | Irina Slav

Workers at the Gorgon and Wheatstone liquefied natural gas projects offshore Australia will begin striking today after talks with the projects’ operator, Chevron fell through. Talks have been…

Chances Of Oil Hitting $100 Not As Remote As You Think: Croft

Chances Of Oil Hitting $100 Not As Remote As You Think: Croft

Sep 07, 2023 at 16:45 | Julianne Geiger

Oil’s chances of reaching $100 in the near future aren’t so very far off if the current trends in the oil markets hold, analysts from RBC Capital Markets said in…

U.S. Pump Prices Hit Highest Seasonal Level In A Decade

U.S. Pump Prices Hit Highest Seasonal Level In A Decade

Sep 07, 2023 at 12:11 | Alex Kimani

U.S. gasoline prices have declined slightly from their recent year-to-date high but remain at their highest summertime levels in over a decade even as the summer driving season…

U.S. Seizes 1 Million Barrels Of Smuggled Iranian Crude Enroute To China

U.S. Seizes 1 Million Barrels Of Smuggled Iranian Crude Enroute To China

Sep 07, 2023 at 11:30 | Alex Kimani

U.S. authorities seized nearly 1 million barrels of Iranian oil that were being illegally smuggled to China earlier this year, reports have emerged.…

U.S. Drivers Warned Gasoline Could Spike $1 Per Gallon

U.S. Drivers Warned Gasoline Could Spike $1 Per Gallon

Sep 07, 2023 at 10:25 | Julianne Geiger

U.S. gasoline prices are headed higher in the nation’s corn belt, and could rise by as much as $1 per gallon at some gas stations, the head of petroleum analysis…

Idle Russian Crude Oil Refining Capacity Surges

Idle Russian Crude Oil Refining Capacity Surges

Sep 07, 2023 at 08:35 | Charles Kennedy

The primary oil refining capacity that will be offline in Russia is set to soar by 44% in September compared to August amid seasonal maintenance, according to

U.S. Solar Capacity Additions To Hit A Record High In 2023

U.S. Solar Capacity Additions To Hit A Record High In 2023

Sep 07, 2023 at 07:49 | Charles Kennedy

The solar industry in the United States expects to install a record-high 32 gigawatts (GW) of new capacity this year, with additions surging by 52% from 2022, when…

Energy Sector Raises Shareholder Returns At The Expense Of Green Investment

Energy Sector Raises Shareholder Returns At The Expense Of Green Investment

Sep 07, 2023 at 06:45 | Tsvetana Paraskova

Energy companies have sufficient capital to help advance the energy transition, but firms have increased returns to shareholders in recent years instead of reinvesting capital in low-carbon growth…

China’s August Oil Imports Surge To The Third-Highest Level Ever

China’s August Oil Imports Surge To The Third-Highest Level Ever

Sep 07, 2023 at 05:51 | Tsvetana Paraskova

China imported in August the third-highest monthly crude oil volumes ever as crude arrivals surged by 20.9% compared to July and by 30.9% versus August last year, according…

Shell Streamlines Prelude LNG Maintenance To Take Advantage Of Winter Demand

Shell Streamlines Prelude LNG Maintenance To Take Advantage Of Winter Demand

Sep 07, 2023 at 03:21 | Tsvetana Paraskova

Shell has abandoned plans to have its floating LNG production platform Prelude offshore Australia out for a year for a major overhaul and has chosen instead for a…

Texas Narrowly Avoids Blackouts Amid Energy Grid Emergency

Texas Narrowly Avoids Blackouts Amid Energy Grid Emergency

Sep 07, 2023 at 02:12 | Irina Slav

After a tense few weeks with warnings of potential power shortages, Texas for the first time this year narrowly missed actual blackouts. Late on Wednesday, ERCOT declared a…

The Biden Administration Cancels Seven Alaskan Oil And Gas Leases

The Biden Administration Cancels Seven Alaskan Oil And Gas Leases

Sep 07, 2023 at 01:02 | Charles Kennedy

The Biden administration has canceled seven oil and gas leases for the Alaska Arctic National Wildlife Refuge. The decision overturns ones made by the Trump administration, which awarded…

Strong Crude, Gasoline Draw Jolts Oil Prices

Strong Crude, Gasoline Draw Jolts Oil Prices

Sep 06, 2023 at 15:44 | Julianne Geiger

The American Petroleum Institute (API) has reported a large 5.521-million-barrel draw in U.S. crude inventories, on top of the previous week's 11.486-million-barrel draw. Analysts were expecting…

Schlumberger To Grow Revenue By $5B This Year, And Again In 2024

Schlumberger To Grow Revenue By $5B This Year, And Again In 2024

Sep 06, 2023 at 14:37 | Alex Kimani

Giant oilfield services company Schlumberger Ltd (NYSE:SLB) will grow its revenue by $5B in the current year and by a similar amount in 2024 thanks to…

Soaring Fuel Costs Trigger Airline Warnings

Soaring Fuel Costs Trigger Airline Warnings

Sep 06, 2023 at 13:22 | Julianne Geiger

Airlines are warning of a disappointing third quarter in the wake of higher fuel costs courtesy of rising crude oil prices. Southwest Airlines said its August bookings were at the…

China’s Sinopec Says Peak Gasoline Demand Already Passed

China’s Sinopec Says Peak Gasoline Demand Already Passed

Sep 06, 2023 at 10:26 | Alex Kimani

China's EV boom has prompted oil giant Sinopec to adjust its oil demand forecasts, saying peak domestic gasoline demand has already passed and it’s going to…

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