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Oil Prices Gain 2% on Tightening Supply

Article Archive | Page 4

The U.S. to Call for an Immediate Ceasefire in Gaza

Mar 22, 2024 at 06:34

Politics, Geopolitics & Conflict With his campaign for re-election in full swing, Venezuela’s Nicolas Maduro has managed to get lawmakers to approve the creation of a new state out of…

Explaining the Market’s Reaction to Jerome Powell’s Speech

Mar 22, 2024 at 06:32

Yesterday, Jay Powell and the FOMC gave us their decision on interest rates. In the accompanying statement and the subsequent press conference given by Fed Chair Jay Powell, they explained…

Sudan's Civil War Sparks Oil Supply Concerns

Mar 22, 2024 at 06:31

When Sudan’s civil war broke out in April last year, markets stood by for a few weeks to see if the war would impact oil exports from Sudan, which has…

Oil Industry Executives Say Oil Demand Is Beating Forecasts

Mar 22, 2024 at 08:21

Global oil demand is stronger than expected with robust growth in all economies across the board, oil industry executives at the CERAWeek conference have said this week, adding that they…

Is U.S. Shale Production Finally Nearing Its Peak?

Mar 21, 2024 at 10:00

Last October, I published a piece on OilPrice where I discussed the drivers for the rapid expansion of upstream E&P merger activity that…

Texas Takes a Stand Against the Radical ESG Agenda

Mar 21, 2024 at 16:23

Three years ago, Texas passed two laws in 2021 that restrict the state from doing business with companies that are deemed to be hostile to fossil fuels and firearm…

The West’s Nuclear Power Revival Could Be Slower Than Hoped

Mar 21, 2024 at 11:46

Western nations may be getting ahead of themselves in their ambition to swiftly roll out new nuclear power capacity in the current push to reduce dependence on Russian uranium and…

EPA’s New Car Emission Standards Doom the Gasoline Car

Mar 21, 2024 at 12:11

This week, the Environmental Protection Agency announced the finalization of new tailpipe emission standards. The agency boasted that these were the strictest standards ever, adding that they would save…

Tokyo Tech Scientists Crack Hydrogen Storage Conundrum

Mar 21, 2024 at 09:57

Tokyo Institute of Technology scientists have reported hydrogen stored in hydrogen boride sheets can be efficiently released electrochemically. Through a series of experiments, they demonstrated…

China's Stimulus Snub Sinks Metals Markets

Mar 21, 2024 at 09:54

Via Metal Miner Investors, traders, and the metals community continue to anticipate fresh stimulus measures from China’s top leaders, which…

Taxpayer Money Funds EV Infrastructure Push Despite Slow Adoption

Mar 21, 2024 at 09:52

It will take a mighty big change of fortune for the electric vehicle (EV) industry to meet Illinois’ goal of one million EVs on the road in Illinois…

U.S. Plan for Central Asian Integration Gets Thumbs Up From Key Players

Mar 21, 2024 at 09:50

A US-led effort to help Central Asian states reshape the region’s business landscape is achieving some of its initial objectives, putting the initiative on a more solid foundation…

Why Do we Still Have Investor-Owned Utilities?

Mar 21, 2024 at 10:03

The electricity and water utility industries are mirror images in a way. Government agencies service roughly 85% of water consumers and investor-owned companies the rest. Investor-owned utilities serve roughly 85%…

Kremlin Claims Western Powers Are Attempting to Undermine Its Trade With China

Mar 21, 2024 at 09:52

The United States and the EU continue to exert “unprecedented pressure” on China to reject trade payments from Russia, Kremlin spokesman Dmitry Peskov said on Thursday. China and Russia…

Trouble in the North Sea? Wood Group Announces Job Cuts

Mar 21, 2024 at 08:46

UK oil major Wood Group is set to cut hundreds of jobs as it prepares to release its 2023 annual results, reports suggest. According to Sky…

StanChart: Oil Demand Set for All-Time High in May

Mar 20, 2024 at 14:47

Crude oil futures have rallied close to a five-month high with concerns about tightening supplies driving up prices in recent days, only coming down to earth on Wednesday and paring…

Big Oil Grows Bolder in Transition Pushback

Mar 20, 2024 at 13:57

Until recently, large oil companies tended to stay quiet when governments and activists urged them to accelerate the transition from their products to alternative energy sources. Now, this is changing.…

Oman Takes The Lead in Green Hydrogen

Mar 20, 2024 at 08:31

Hydrogen produced with renewable power had a significant breakthrough this month, with the signing of an offtake agreement between a European buyer and an Indian producer in Oman.…

The Dark Side of the Lithium Boom

Mar 20, 2024 at 09:43

Lithium has become one of the most sought-after metals in the world as the clean energy transition accelerates around the world. This ‘white gold’ is an integral part of many…

Is Iran Losing Its Clout in the Caucasus?

Mar 20, 2024 at 09:41

An emboldened Azerbaijan, backed by Turkey, has changed the balance of power in the South Caucasus in recent years. Baku reclaimed full control over Nagorno-Karabakh, a…

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