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Article Archive | Page 8

Oil Supply Fears Mount As OPEC Underperforms

Jun 14, 2022 at 11:06

Reader Update: Whether you are new to the oil and gas industry or an energy market veteran, you will regret not signing up for Global Energy Alert. Oilprice.com's

Will Colombia’s Oil Industry Survive The 2022 Presidential Election?

Jun 14, 2022 at 10:36

The outlook for Colombia’s oil industry has never been more uncertain. Not only is rising violence, fueled by poverty and cocaine production, weighing…

Saudi Arabia Bets Big On Blue Hydrogen

Jun 14, 2022 at 10:23

While the world begins to build the infrastructure of a future hydrogen economy, the economics of global trade in carbon-free hydrogen are becoming more clear. Among countries expected…

Europe’s Gas Prices Surge 13% As Russia Reduces Nord Stream Flow

Jun 14, 2022 at 09:57

Russia’s Gazprom said on Tuesday that it would limit natural gas supply via the Nord Stream pipeline to Germany by 40 percent compared to planned flows because of a…

Oil Prices Spike As OPEC Reveals Production Loss For May

Jun 14, 2022 at 08:54

Not only did OPEC not lift its production as agreed for the month of May, its production actually decreased, according to OPEC’s latest Monthly Oil Market Report released on Tuesday.…

Russia Overtakes Saudi Arabia As India’s Second-Largest Oil Supplier

Jun 14, 2022 at 07:21

Russia overtook Saudi Arabia to become India’s second-largest supplier of crude oil last month, Reuters reported, citing unnamed trade sources. The average daily rate of Russian oil exports to…

The Oil Price Rally Shows No Sign Of Slowing

Jun 13, 2022 at 09:38

The U.S. national average for gasoline hit $5 per gallon last week, the highest ever. Brent crude is trading at $120 per barrel…

China Sets New Deep Sea Energy Exploration Records

Jun 13, 2022 at 09:36

China said this weekend it had recently set two world records in deep-sea energy exploration with its domestically developed technology as the world's largest crude oil importer looks…

Libya’s Fragile Peace Is A Major Oil Market Risk

Jun 13, 2022 at 09:32

The economic pain for many countries being caused by still-high crude oil (and gas) prices may be exacerbated by another extensive series of blockades of key oil facilities…

Want To Offset High Gas Prices? Invest In An Oil Company

Jun 13, 2022 at 09:30

We all know that gasoline and diesel prices are higher than they have ever been. At the same time, oil companies are reporting record profits. It’s…

The World’s Top Coal Exporter Can’t Afford To Go Green

Jun 13, 2022 at 09:36

How much will it cost to wean Indonesia off coal? This is a pressing question for world leaders and climate policy-makers around the world in the lead-up to…

Aluminum Prices Are Taking A Beating

Jun 13, 2022 at 09:36

Aluminum prices declined overall in May. However, near the end of the month, they appeared to hit bottom and began to trade sideways. Conflicting macroeconomic…

Biden Claims Visit To Saudi Arabia Is About Israel, Not Oil Prices

Jun 13, 2022 at 09:33

President Joe Biden awkwardly claimed that his planned Saudi trip, where it's expected he'll mend ties with Saudi Crown Prince Mohammed bin Salman (MbS) and

5 Midstream Oil Stocks With Perfect Exposure To Soaring Oil Prices

Jun 13, 2022 at 10:57

After a brief hiatus, the oil price rally is back on track. Crude oil closed with its seventh straight weekly gain thanks to tight fuel supplies sustaining bullish sentiment. After…

The UK Goes After Fuel Retailers Over Price Gouging

Jun 13, 2022 at 09:30

The UK is launching an urgent review into the retail fuel market to see whether retailers have passed on the government's fuel duty cut from March to filling stations, UK…

India And China Take In Russian Oil Unwanted In The West

Jun 13, 2022 at 08:49

Attracted by cheap prices, India and China continue to increase their imports of Russian crude, which is now mostly banned in the West. India, which wasn’t a big buyer of…

China's Oil Demand Growth Threatened By Latest Covid Outbreak

Jun 13, 2022 at 08:06

Just as China was returning to business as usual after the latest string of lockdowns, an "explosive" outbreak in a Beijing district could derail this. "The recent outbreak ... is…

Would A Price Cap On Russian Oil Help Curb Its Revenue?

Jun 10, 2022 at 11:12

The U.S. is discussing with its European allies a price cap on Russian oil. The goal is to keep Russian oil flowing into international markets but curb budget…

How To Play Suriname’s Oil Boom

Jun 10, 2022 at 11:08

The South American country of Guyana is undergoing rapid development as a result of a string of offshore oil discoveries by ExxonMobil, NYSE:XOM). Announcements by the company since…

Argentina's Plan For Windfall Tax On Energy Is A Dangerous Move

Jun 10, 2022 at 13:52

Last month, U.K. Finance Minister Rishi Sunak imposed a windfall tax on oil and gas majors as the government tries to alleviate the country's worsening cost-of-living crisis. Chancellor Sunak…

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