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Article Archive

Demand Concerns Dominate Oil Markets Despite OPEC+ Cuts

Dec 05, 2023 at 08:55

Macroeconomic factors continue to weigh on oil prices this week, despite the insistence of OPEC+ members that the group's production cuts will tighten the oil market.

Latest Cuts Leave OPEC with Fewer Options

Dec 04, 2023 at 13:04

Last week, OPEC and its partners from OPEC+ agreed to deepen and extend their production cuts into the first quarter of 2024. The move, almost unanimously seen as a means…

Is A New Oil Price War Looming?

Dec 04, 2023 at 09:11

U.S. crude oil production broke another record in September, putting additional pressure on the OPEC+ group, which looks to keep oil prices above $80 per barrel…

United States And Allies To Triple Nuclear Energy Capacity By 2050

Dec 04, 2023 at 16:46

The United States and 21 other countries have pledged to triple their respective nuclear energy capacities by 2050, saying incorporating more nuclear power in their energy mix is critical…

Saudi Prince Says Oil Output Cuts Could Extend Beyond March

Dec 04, 2023 at 14:22

Saudi Energy Minister Prince Abdulaziz bin Salman told Bloomberg on Monday that OPEC+ production cuts could extend beyond March 2024 if the market requires it, criticizing commentators for…

Rystad: Coal Usage and Emissions in the Global Power Sector to Peak in 2023

Dec 04, 2023 at 09:32

Global coal-fired power generation is on track to peak in 2023 as new sources of renewable and low-carbon energy expand rapidly. Coal has dominated the global power sector for the…

Why Diesel Usually Costs More Than Gasoline

Dec 04, 2023 at 08:36

I recently took the plunge and registered on TikTok. I hadn’t thought it would be worth my time, because my impression had been that younger people didn’t care…

The Minerals That China, the EU, and the US Deem Critical to National Security

Dec 04, 2023 at 09:01

Governments formulate lists of critical minerals according to their industrial requirements and strategic evaluations of supply risks. Over the last decade, minerals like nickel, copper, and lithium have been on…

Al Jaber Says Fossil Fuel Phase Out is 'Inevitable'

Dec 04, 2023 at 11:30

Dr. Sultan Al Jaber, whose appointment as president of the UN’s COP28 climate summit has caused controversy, defended his commitment “to keep 1.5 within reach.” “We fully understand the urgency…

Is This The Technical Limit for Refilling the Strategic Petroleum Reserve?

Dec 04, 2023 at 10:46

With oil prices continuing to extend declines, dropping 2% last week and continuing to fall on Monday, the prime time for the U.S. refill the Strategic Petroleum Reserve (SPR) is…

How China And The U.S. Were Both Key To OPEC+’s Bearish Oil Supply Cuts

Dec 04, 2023 at 09:56

After long delays, last week saw OPEC+ announce oil production cuts way below what many oil traders had been expecting, causing the benchmark Brent oil price to drop…

Gold Drops After Spiking To Record High of $2,130

Dec 04, 2023 at 08:56

On Friday, shortly after Powell failed to hammer the hawkish case in his "fireside" chat with stocks eager to take out 2023 highs, we said that Powell has a big…

Who Will Win the Bidding War for CrownRock?

Dec 04, 2023 at 02:58

In October I published an Oilprice article detailing one of the key drivers for the relentless Merger and Acquisition (M&A), activity occurring within the Upstream Exploration and Production (E&P)…

What More OPEC+ Cuts Mean for the Market

Dec 01, 2023 at 18:22

Following a chaotic day of OPEC+ meeting decisions that resulted in additional “voluntary” cut among cartel members, the dust is now settling, and the market is fairly disappointed, with Brent…

Surging LNG Exports Expose The U.S. To Natural Gas Price Swings 

Dec 01, 2023 at 11:55

Soaring U.S. LNG exports have made natural gas a global commodity and the United States vulnerable to global price volatility. As American exports of liquefied natural gas are set to…

Why Utilities Might Be the Best Buying Opportunity Right Now

Dec 01, 2023 at 18:04

With the overall market enjoying a bit of a rally as inflation eases and the Federal Reserve indicating a less hawkish stance, the New Year could be a prime time…

Saudi Arabia’s Plan to ‘Artificially’ Boost Oil Demand

Dec 01, 2023 at 05:10

As much of the world accelerates its plans for decarbonization, developing its renewable energy capacity to shift away from fossil fuels, it is becoming apparent that…

Venezuela's Maduro Holds Referendum Whether To Invade Oil-Rich Neighbor Guyana

Dec 01, 2023 at 18:10

In a move that has prompted many to wonder which is the bigger banana republic, Venezuela or the US, Joe Biden's new BFF, Venezuelan dictator Nicolas Maduro (who…

Is the Global Energy Transition Simply Too Expensive?

Dec 01, 2023 at 08:55

The energy transition has been estimated to cost more than $100 trillion by 2050. In fact, according to the calculations of the Energy…

Does Coal Have a Future in Power Generation?

Dec 01, 2023 at 13:33

Hard to believe, but some global mining and trading houses have been hard at work trying to build up their coal holding, especially coal destined to steel mills. Today we…

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