• 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 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 1 day Goldman Betting on Cryptocurrencies

News

Oil Bulls Remain Resilient Despite Demand Doubts

Oil Bulls Remain Resilient Despite Demand Doubts

Aug 10, 2023 at 02:33 | Irina Slav

News about deflation in China and a crude oil inventory build in the United States have added downward pressure to oil prices, but bullish sentiment remains robust. Reports…

LNG Majors Seek To Avoid Strikes At Australian Projects

LNG Majors Seek To Avoid Strikes At Australian Projects

Aug 10, 2023 at 01:15 | Irina Slav

Woodside Energy and Chevron have initiated talks with trade unions at their Australian LNG projects in a bid to avoid industrial action that could affect up to a…

GasBuddy Sees U.S. Gasoline Demand Rising

GasBuddy Sees U.S. Gasoline Demand Rising

Aug 09, 2023 at 13:12 | Alex Kimani

U.S. gasoline demand increased slightly last week by 1.1% WoW as per GasBuddy, giving hope to the bulls that demand will not fall off a cliff as earlier feared.…

European Gas Prices Surge 30% On Australian Supply Fears

European Gas Prices Surge 30% On Australian Supply Fears

Aug 09, 2023 at 12:46 | Alex Kimani

European natural gas prices have rocketed more than 30% on Wednesday, as traders panicked over the possibility of reduced LNG supply from Australia, a world leading supplier of the commodity.…

Platts Survey: OPEC+ Oil Output Slumps To Two-Year Low

Platts Survey: OPEC+ Oil Output Slumps To Two-Year Low

Aug 09, 2023 at 09:30 | Charles Kennedy

The members of the OPEC+ group saw their collective oil production slump to the lowest level in nearly two years in July after Saudi Arabia began its unilateral output cut…

Taliban And Kazakhstan Strengthen Trade Ties With $200 Million Deal

Taliban And Kazakhstan Strengthen Trade Ties With $200 Million Deal

Aug 09, 2023 at 09:12 | Eurasianet

When the Taliban seized power in Afghanistan in 2021, neighbors to the north looked on with a blend of anxiety and dismay. Fast-forward two years and Kazakhstan has just finished…

Germany Plans $63 Billion In Green Energy Investments For 2024

Germany Plans $63 Billion In Green Energy Investments For 2024

Aug 09, 2023 at 08:32 | Charles Kennedy

Germany’s government approved on Wednesday investments in green energy worth $63 billion (57.6 billion euros) for 2024, a 60% increase compared to this year’s targeted…

Iran Plans To Boost Oil Output To 3.5 Million Bpd Before October

Iran Plans To Boost Oil Output To 3.5 Million Bpd Before October

Aug 09, 2023 at 08:19 | Charles Kennedy

Iran expects to increase its oil production by 250,000 barrels per day (bpd) to reach 3.5 million bpd output by the end of next month, the head of…

U.S. Power Sector Criticizes Biden’s Emissions Reduction Plan

U.S. Power Sector Criticizes Biden’s Emissions Reduction Plan

Aug 09, 2023 at 07:18 | Tsvetana Paraskova

The top group of utilities in the United States does not believe that the Biden Administration’s proposed rules on reducing emissions from natural gas and coal-fired power plants…

ADNOC Gas Awards $3.6 Billion Contract To Boost Processing Infrastructure

ADNOC Gas Awards $3.6 Billion Contract To Boost Processing Infrastructure

Aug 09, 2023 at 05:24 | Tsvetana Paraskova

ADNOC Gas, the natural gas unit of the UAE’s state energy giant ADNOC, has awarded a $3.6 billion contract to expand its gas processing infrastructure…

Oil Giant ADNOC Pursues $50 Billion Worth Of New Deals

Oil Giant ADNOC Pursues $50 Billion Worth Of New Deals

Aug 09, 2023 at 03:50 | Tsvetana Paraskova

Abu Dhabi National Oil Company (ADNOC) is pursuing $50 billion worth of deals to expand on international markets and has hired a top team of deal-makers to help…

Canada Considers Selling Stake In Trans Mountain Pipeline To Indigenous Groups

Canada Considers Selling Stake In Trans Mountain Pipeline To Indigenous Groups

Aug 09, 2023 at 02:08 | Irina Slav

The Canadian government is considering the sale of a stake in the troubled Trans Mountain pipeline project to Indigenous communities. Per a report by Bloomberg, which cited documents from…

High Oil Prices Help GCC Sovereign Wealth Funds Grow To $4 Trillion

High Oil Prices Help GCC Sovereign Wealth Funds Grow To $4 Trillion

Aug 09, 2023 at 01:15 | Charles Kennedy

Assets under management of sovereign wealth funds in the Gulf Cooperation Council have expanded to $4 trillion over the past two years driven by higher oil prices. This…

Oil Prices Hold Onto Gains Despite Surprise Crude Build 

Oil Prices Hold Onto Gains Despite Surprise Crude Build 

Aug 08, 2023 at 15:46 | Julianne Geiger

Crude oil inventories in the United States unexpectedly rose unexpectedly this week by 4.067 million barrels, the American Petroleum Institute (API) data showed on Tuesday—just one week after seeing the…

EIA Raises Brent Spot Price Forecast

EIA Raises Brent Spot Price Forecast

Aug 08, 2023 at 13:42 | Julianne Geiger

The Energy Information Administration raised its outlook for Brent crude oil spot prices for this year and next, according to the agency’s Short Term Energy Outlook published on Tuesday. The…

Crude Inventories To Sink To 8-Year Low This Year: Nuttall

Crude Inventories To Sink To 8-Year Low This Year: Nuttall

Aug 08, 2023 at 12:57 | Julianne Geiger

Inventories of crude oil will reach an 8-year low by the end of this year, Eric Nuttal, partner and Senior Portfolio Manager at Ninepoint Partners, told BNN Bloomberg TV on…

Saudi Arabia’s Cabinet Throws Support Behind OPEC+ Cut Extension

Saudi Arabia’s Cabinet Throws Support Behind OPEC+ Cut Extension

Aug 08, 2023 at 11:21 | Julianne Geiger

Saudi Arabia’s cabinet, or Council of Ministers, showed its support for what it considers to be precautionary measures taken by OPEC+ to stabilize the oil market, Saudi Arabi media said…

Equinor Gets Approval To Electrify LNG Export Project By 2030

Equinor Gets Approval To Electrify LNG Export Project By 2030

Aug 08, 2023 at 09:01 | Charles Kennedy

Norway's government has approved a project by energy major Equinor and its partners for the future operation of Snøhvit and Hammerfest LNG, including electrification of the plant from 2030.…

Explorer Oil India Books Higher Profit As Costs Fall

Explorer Oil India Books Higher Profit As Costs Fall

Aug 08, 2023 at 08:58 | Charles Kennedy

Upstream firm Oil India reported on Tuesday a higher after-tax profit for the quarter ending June 30 compared to the same period last year due…

Poland Restores Druzhba Oil Pipeline Flows After Leak

Poland Restores Druzhba Oil Pipeline Flows After Leak

Aug 08, 2023 at 08:55 | Tsvetana Paraskova

The Druzhba oil pipeline from Russia to Europe has returned to full functionality after a leak was detected during the weekend that needed repairs, Poland’s pipeline operator PERN 

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