Article Archive | Page 5

Apr 14, 2021 at 09:53

Over the past 60 years, U.S. oil production has seen its ups and downs. From the decline that began in 1970 through the fracking boom of the 2000s,…

Apr 14, 2021 at 09:25

Uganda has signed a landmark deal with Tanzania for the construction of the world’s longest electrically heated crude oil pipeline, working in partnership with French oil supermajor Total. …

Apr 14, 2021 at 09:45

Crude oil prices climbed on Wednesday morning after the Energy Information Administration reported crude oil inventories had shed 5.9 million barrels in the week to April 9. This compared…

Apr 14, 2021 at 09:11

A bill that would have banned hydraulic fracturing in California along with most other ways of extracting crude oil failed to pass the state Senate’s Natural Resources and Water Committee…

Apr 13, 2021 at 17:46

It is no secret that the reflation in oil prices, WTI and Brent, above $50.00/bbl in the last six months has been a boon to the companies that…

Apr 13, 2021 at 16:54

Over the past two months, the gold and precious metals markets have been surprising investors with prices remaining flat or even stalling despite growing demand for bullion coins.  We think…

Apr 13, 2021 at 16:05

As we continue to kick the prospect of global economic recovery down the road of 2021, caution remains the buzzword of the oil markets. The less changes month-to-month, the more…

Apr 13, 2021 at 15:14

OPEC has revised its 2021 oil demand upward to stand 190,000 bpd higher than last month's estimates, on the back of an economic rebound that surpasses last month's outlook. Global…

Apr 13, 2021 at 13:53

Ecuador’s beaten-down petroleum industry has been struggling to recover from a savage 2020 where pipeline failures, the COVID-19 pandemic, corruption scandals, and heightened…

Apr 13, 2021 at 11:44

Have you already subscribed to the Oilprice.com youtube channel? If not, sign up today to make sure you don't miss out on any of the

Apr 13, 2021 at 13:23

A recently released report by Carbon Tracker claims that fossil fuel-reliant countries will see a 51% drop in oil and gas revenues in…

Apr 13, 2021 at 11:59

The markets are not headed to a new supercycle in oil, and $100 a barrel oil is still a very distant possibility unless major unexpected market shocks occur, analysts at…

Apr 13, 2021 at 10:31

China imported 11.69 million barrels of crude oil daily last month, up by 21 percent on the year, Reuters has reported, citing official customs data. Earlier this month, energy…

Apr 13, 2021 at 10:00

In a bid to reduce refining overcapacity, China is stepping up pressure on independent refiners to uproot illegal tax practices and check if outdated facilities have been closed as required,…

Apr 13, 2021 at 09:02

Rising Middle Eastern oil production is making the commodity that comes out of this region cheaper compared to Brent-linked grades, which may lead to a price war, Bloomberg has

Apr 12, 2021 at 17:50

In the coming years, the power structure of global oil markets is set for a major shakeup if the reserve life of International Oil Companies (IOCs) continues to…

Apr 12, 2021 at 17:38

Last month, the Biden administration dealt the fossil fuel industry yet another blow after it proposed the introduction of a carbon tax in a bid to address the greenhouse…

Apr 12, 2021 at 17:07

Crude oil prices had a rocky start to 2021. There are plenty of wildcards which will continue to fuel price volatility for the foreseeable future, the most notable…

Apr 12, 2021 at 15:12

Higher oil prices and an expected rebound in the global economy and oil demand are set to lower the fiscal breakeven oil price of the major Middle Eastern oil producers…

Apr 12, 2021 at 14:31

U.S. national average gasoline prices have been rising in most weeks so far this year, and are expected to reach the highest summer prices since 2018.