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Article Archive | Page 9

Steel Prices Are Sliding

Jun 15, 2022 at 10:51

U.S. steel prices continue to retreat. After consistent week-over-week declines, HRC prices now sit more than 15% beneath their late-April peak while plate prices continue to trade sideways…

IEA Sees Oil Demand At Record High In 2023

Jun 15, 2022 at 10:05

Oil demand growth is set to accelerate next year, with global demand averaging a record 101.6 million barrels per day (bpd) and exceeding pre-COVID levels, the International Energy Agency (IEA)…

Gazprom Reduces Gas Flows To Italy

Jun 15, 2022 at 09:53

Russia's Gazprom has reduced the flow of gas to Italy, an Eni spokesman has said, according to Reuters. Gazprom did not give a reason for the reduction. "Eni confirms that…

Libya Oil Production Plunges Amid Field Closures

Jun 15, 2022 at 07:36

Libya is producing only about 100,000-150,000 bpd of crude oil as almost all of its fields get shut down amid the latest flare-up of fighting between political factions in the…

Oil Companies Face Huge Risk As Legal Dispute In Kurdistan Escalates

Jun 14, 2022 at 14:34

The long-running dispute over how oil flows are handled in the semi-autonomous region of Kurdistan in northern Iraq – administered by its government (the KRG, in Erbil) –…

What Is Holding The Hydrogen Boom Back?

Jun 14, 2022 at 11:21

Hydrogen power has been on the market for decades but has never really been able to break the glass ceiling of mass-market appeal, mainly due to a host…

Guyana Could Overtake Brazil As South America’s Top Oil Producer

Jun 14, 2022 at 10:47

Global energy supermajor ExxonMobil and its partners Hess and CNOOC have made an astonishing number of high-quality oil discoveries in offshore Guyana. In…

Wyoming And Colorado Are Looking To Join The LNG Party

Jun 14, 2022 at 10:39

With the United States set to become the world’s largest LNG exporter this year thanks to robust demand for the superchilled fuel, a…

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…

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