Citigroup Says 42% of Clients Have No Energy Transition Plan
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
The recent rally in oil prices is pushing the benchmarks towards a quarter of gains thanks to the OPEC+ output cuts. WTI, according to Bloomberg, has…
Canadian oil shipments to Los Angeles hit the highest in four years this month ahead of the formal launch of the expanded Trans Mountain pipeline…
The latest crude oil purchase that the Department of Energy made as part of refill plans for the strategic petroleum reserve cost an average of…
Two environmentalist groups have challenged in court French oil major TotalEnergies’ plans to drill five wells offshore South Africa. The groups seek to stop the drilling, claiming…
Crude oil prices were in the red today after the Energy Information Administration reported an inventory build of 3.2 million barrels for the week to March…
After months of skepticism, traders seem to have finally realized that OPEC+ is serious about keeping crude oil supply constrained. Per the latest weekly data…
French lender Credit Agricole has declared it will no longer finance the Rovuma LNG project in Mozambique and the Papua LNG project in Papua New…
Australia’s transition to net zero is being threatened by the limited availability of local natural gas supply, one of the country’s biggest energy infrastructure operators.…
Mexico’s troubled state energy major Pemex has announced plans to slash its carbon dioxide emissions by 54% over the next six years—perhaps the most ambitious…
Commodity demand will increase this year driven by interest rate cuts by central banks. This is according to Goldman Sachs, which sees potential commodity returns…
Oil prices have become very difficult to predict. This is the latest outtake from CERAWeek where analysts discussed how so many of them managed to…
16 states are suing the federal government for the decision to “pause” new LNG export capacity permitting. The plaintiffs, all Republican-led, include Texas and Louisiana,…
BlackRock has asked Texas authorities to reconsider the withdrawal of $8.5 billion in assets of the Permanent School Fund from the asset manager. The decision…
Oil prices are set to end this week flat after gaining around 3% last week amid robust demand and growing supply unease. This week, these…
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…
The threat of attacks by Yemeni Houthis on vessels crossing the Red Sea have added 100,000 bpd to global oil demand as ships choose to…
A substantial decline in LNG prices has led to an increase in purchases on the spot market from Asian buyers, such as China, India, and…
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…
Crude oil prices were trading lower today after the Energy Information Administration reported that U.S. crude oil inventories had shed 2 million barrels in the week…
A Chinese company has bought a cargo of Canadian crude, to be shipped via the expanded Trans Mountain pipeline in May-June, Bloomberg has reported, citing…