• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 hours Solving The Space Problem For America’s Solar Industry
  • 1 day Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 3 days Investment in renewables tanking
  • 17 mins How Far Have We Really Gotten With Alternative Energy
  • 4 days If hydrogen is the answer, you're asking the wrong question
  • 4 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)

News

Goldman Sachs Sees Oil Prices Rising By Up To $6 On Saudi Production Cut

Goldman Sachs Sees Oil Prices Rising By Up To $6 On Saudi Production Cut

Jun 05, 2023 at 01:51 | Irina Slav

Crude oil prices could add some $6 per barrel following the announcement of a 1-million-bpd production cut by Saudi Arabia. That’s according to Goldman Sachs, which sees the effect of…

Russia’s Seaborne Diesel Exports Plummet In May

Russia’s Seaborne Diesel Exports Plummet In May

Jun 02, 2023 at 11:29 | Julianne Geiger

Russia’s seaborne diesel and gasoil exports fell 21% in May from April levels, to 3.1 million tonnes as refinery maintenance and a surge in domestic demand cut into volumes available…

UK Grid Operator Enables Renewables Producers To Connect New Projects

UK Grid Operator Enables Renewables Producers To Connect New Projects

Jun 02, 2023 at 10:24 | City A.M

Developers of new renewable energy projects could be empowered to build their own connections to the grid, as part of a series of reforms unveiled today by National Grid’s electricity…

Exxon And Chevron Close To Signing Gas Exploration Deals In Algeria

Exxon And Chevron Close To Signing Gas Exploration Deals In Algeria

Jun 02, 2023 at 09:27 | Charles Kennedy

ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country,…

Canada Guarantees Loans For Trans Mountain Pipeline Expansion

Canada Guarantees Loans For Trans Mountain Pipeline Expansion

Jun 02, 2023 at 08:16 | Tsvetana Paraskova

Canada’s federal government has guaranteed loans of $2.23 billion (C$3 billion) to the corporation building the Trans Mountain expansion project to triple the capacity of oil flows from Alberta to…

Biden Bans Oil And Gas Leasing Near New Mexico Cultural Site

Biden Bans Oil And Gas Leasing Near New Mexico Cultural Site

Jun 02, 2023 at 06:54 | Tsvetana Paraskova

The U.S. Administration has banned new oil and gas leasing near the Chaco Culture National Historic Park in New Mexico as part of a plan to protect the area…

China Launches Asia’s Biggest Coal Carbon Capture Plant

China Launches Asia’s Biggest Coal Carbon Capture Plant

Jun 02, 2023 at 03:59 | Tsvetana Paraskova

China Energy Investment Corporation, a state-owned electricity generator, has started up a carbon capture project at one of its thermal coal power plants which will be the biggest such carbon…

Oil Sands Major To Slash 1,500 Jobs

Oil Sands Major To Slash 1,500 Jobs

Jun 02, 2023 at 03:01 | Charles Kennedy

Suncor, the Canadian oil sands major, will cut 1,500 jobs this year as it seeks to turn its financial fortunes. A spokesperson for the company said the cuts will affect…

Saudi Arabia To Expand Its Lithium Processing Industry

Saudi Arabia To Expand Its Lithium Processing Industry

Jun 02, 2023 at 02:03 | Irina Slav

Saudi Arabia is planning a second lithium processing plant as it seeks to capture a piece of the energy transition pie. The plant will be a joint venture between Saudi…

South Africa Could Ease Blackouts By Burning Heavy Fuel Oil

South Africa Could Ease Blackouts By Burning Heavy Fuel Oil

Jun 01, 2023 at 14:25 | Julianne Geiger

South Africa’s chronic 10-hours-per-day blackouts could finally have a solution that won’t sit well with energy transitioners—burning heavy fuel oil. South Africa’s Electricity Minister, Kgosientsho Ramokgopa, has announced that the…

Europe’s 11th Russian Sanctions Package Could Be Coming Soon

Europe’s 11th Russian Sanctions Package Could Be Coming Soon

Jun 01, 2023 at 13:03 | Julianne Geiger

The next revision of Europe’s Russian sanctions could be coming as soon as next week, although the measures won’t be as strong as originally intended, people familiar with the negotiations…

Chinese Government Encourages Tesla To Expand Business In Shanghai

Chinese Government Encourages Tesla To Expand Business In Shanghai

Jun 01, 2023 at 11:09 | ZeroHedge

Tesla's relationship with China continues to look cozy heading into the second half of 2023, with Shanghai party chief Chen Jining reportedly encouraging Elon Musk to expand his business in China.…

Petrobras Set To Raise Investments In Low-Carbon Energy Projects

Petrobras Set To Raise Investments In Low-Carbon Energy Projects

Jun 01, 2023 at 08:11 | Charles Kennedy

The board of directors of Petrobras has approved new guidelines in the strategic plan through 2028 to allocate more capital expenditures to low-carbon projects, the Brazilian state-owned oil firm

Qatar Signs Long-Term LNG Supply Deal With Bangladesh

Qatar Signs Long-Term LNG Supply Deal With Bangladesh

Jun 01, 2023 at 07:35 | Tsvetana Paraskova

QatarEnergy has signed an agreement to supply liquefied natural gas (LNG) to Bangladesh's state firm PetroBangla for 15 years beginning in 2026, Saad al-Kaabi, chief executive at the Qatari state…

Petrobras Looks To Grow Oil Production Outside Brazil

Petrobras Looks To Grow Oil Production Outside Brazil

Jun 01, 2023 at 07:31 | Tsvetana Paraskova

Brazilian state-held oil firm Petrobras is considering growing its oil reserves and production with projects abroad after a major drilling project at home was denied due to environmental concerns, Reuters…

OPEC+ Unlikely To Announce Additional Oil Output Cuts

OPEC+ Unlikely To Announce Additional Oil Output Cuts

Jun 01, 2023 at 06:57 | Tsvetana Paraskova

The OPEC+ group is not expected to announce another round of oil production cuts when ministers meet this weekend, OPEC+ sources told Reuters on Thursday. OPEC and its allies…

Exxon And Chevron Shareholders Dismiss Climate Resolutions

Exxon And Chevron Shareholders Dismiss Climate Resolutions

Jun 01, 2023 at 03:08 | Tsvetana Paraskova

Overwhelming majorities of shareholders of ExxonMobil and Chevron rebuffed all climate-related proposals and resolutions at the annual general meetings of the two U.S. supermajors on Wednesday. The shareholder support for…

Colombia Accuses U.S. Coal Miner Of Funding Paramilitary Group

Colombia Accuses U.S. Coal Miner Of Funding Paramilitary Group

Jun 01, 2023 at 01:55 | Charles Kennedy

The current head of Drummond in Colombia and his predecessor will be tried on charges of financing a paramilitary group, Reuters has reported, citing the office of Colombia’s attorney…

Oil Markets Shocked By Across the Board Inventory Builds

Oil Markets Shocked By Across the Board Inventory Builds

May 31, 2023 at 15:49 | Julianne Geiger

Crude oil inventories in the United rose this week by 5.202 million barrels, the American Petroleum Institute (API) data showed on Wednesday, with analysts expecting a 1.22 million barrel dip.…

American Offshore Wind Gets Gulf Of Mexico Green Light

American Offshore Wind Gets Gulf Of Mexico Green Light

May 31, 2023 at 12:41 | Alex Kimani

The U.S. Bureau of Ocean Energy Management (BOEM) has given the Gulf of Mexico the environmental green light for offshore wind energy development on the outer continental shelf’s…

Oilprice - The No. 1 Source for Oil & Energy News