• 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
  • 5 days They pay YOU to TAKE Natural Gas
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days What fool thought this was a good idea...
  • 5 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 15 mins A question...
  • 11 days The United States produced more crude oil than any nation, at any time.

News

WTI Challenges $80 Again on Strong Economic Data

WTI Challenges $80 Again on Strong Economic Data

May 17, 2024 at 16:08 | Tom Kool

U.S. crude oil prices pushed past $80 on Friday, with the global benchmark Brent crude also enjoying its first weekly gain since mid-April on Chinese industrial output data and U.S.…

Europe Imports Russian Oil Products via Turkey, Skirting Sanctions

Europe Imports Russian Oil Products via Turkey, Skirting Sanctions

May 17, 2024 at 14:45 | Julianne Geiger

A recent report by the Centre for Research on Energy and Clean Air (CREA) and the Center for the Study of Democracy (CSD) reveals that the European Union (EU)…

Saudi Aramco Signs MOUs with U.S. Firms to Advance Lower-Carbon Solutions

Saudi Aramco Signs MOUs with U.S. Firms to Advance Lower-Carbon Solutions

May 17, 2024 at 11:24 | Julianne Geiger

In a strategic move to bolster its commitment to sustainable energy, Saudi Aramco (2223.SE) has entered into three significant memorandums of understanding (MOUs) with U.S. companies Aeroseal, Spiritus, and Rondo.…

China’s Apparent Oil Demand Dips in April for First Yearly Decline Since 2022

China’s Apparent Oil Demand Dips in April for First Yearly Decline Since 2022

May 17, 2024 at 10:09 | Charles Kennedy

Chinese refiners processed lower crude volumes in April due to maintenance, while apparent oil demand in the world’s top importer of the commodity fell for the first time…

Russia and China Expect to Sign a Deal for Power of Siberia 2 Pipeline Soon

Russia and China Expect to Sign a Deal for Power of Siberia 2 Pipeline Soon

May 17, 2024 at 08:09 | Tsvetana Paraskova

Russia and China expect to finalize soon the preliminary work on the natural gas link Power of Siberia 2 and sign an agreement on the pipeline’s construction, Russian…

The EV Charging Business of Utility Giant Engie Is Bleeding Cash

The EV Charging Business of Utility Giant Engie Is Bleeding Cash

May 17, 2024 at 08:05 | Tsvetana Paraskova

EV Box, the electric vehicle charging business of French utility giant Engie, booked another loss for the first quarter of this year, following a loss for full-year 2023,…

World’s Top Sovereign Wealth Fund Seeks More Climate Disclosure From Shell

World’s Top Sovereign Wealth Fund Seeks More Climate Disclosure From Shell

May 17, 2024 at 05:58 | Tsvetana Paraskova

Norway’s $1.66-trillion sovereign wealth fund, the world’s biggest, is encouraging UK-based supermajor Shell to shed more light on its eased climate targets. The fund, which is commonly referred to as…

Trump Presidency Could Jeopardize $1 Trillion in Clean Energy Investments

Trump Presidency Could Jeopardize $1 Trillion in Clean Energy Investments

May 17, 2024 at 05:13 | Tsvetana Paraskova

The United States could see a deceleration in clean energy rollout and risks losing $1 trillion in low-carbon energy investments if Donald Trump wins the presidential election in November, Wood…

Suriname Oil Discoveries Hit 2.4 Billion Barrels

Suriname Oil Discoveries Hit 2.4 Billion Barrels

May 17, 2024 at 03:34 | Irina Slav

Crude oil discoveries in Suriname have opened access to some 2.4 billion barrels in reserves, Wood Mackenzie analysts have estimated. The consultancy also…

China’s Natural Gas Production Increased by 5% From January to April

China’s Natural Gas Production Increased by 5% From January to April

May 17, 2024 at 02:27 | Irina Slav

China’s natural gas production went up by 5% during the first four months of the year to 83 billion cubic meters, the country’s National Bureau of Statistics

Promising Economic Signals Push Oil Prices Toward a Weekly Gain

Promising Economic Signals Push Oil Prices Toward a Weekly Gain

May 17, 2024 at 01:26 | Irina Slav

Crude oil prices were on the climb today, set for a weekly gain on signs of strong demand coming from economic reports in key markets. If the…

ADNOC Eyes U.S. Trading Expansion in Strategic Global Push

ADNOC Eyes U.S. Trading Expansion in Strategic Global Push

May 16, 2024 at 13:47 | Julianne Geiger

Abu Dhabi National Oil Company (ADNOC) is poised to establish a trading desk in the United States, marking a significant step in its strategic global expansion. Sources with knowledge of…

Lula Pressures New Petrobras CEO to Accelerate Refinery and Gas Investments

Lula Pressures New Petrobras CEO to Accelerate Refinery and Gas Investments

May 16, 2024 at 12:46 | Julianne Geiger

Brazilian President Luiz Inacio Lula da Silva has appointed Magda Chambriard as the new CEO of Petroleo Brasileiro SA (Petrobras), pushing her to accelerate investments in refineries and natural gas…

Russia’s Shadow Oil Tanker Fleet Causes 50 Maritime Accidents

Russia’s Shadow Oil Tanker Fleet Causes 50 Maritime Accidents

May 16, 2024 at 11:10 | Julianne Geiger

A report from Allianz SE highlights the serious environmental and safety risks posed by a burgeoning "shadow fleet" of oil tankers carrying sanctioned Russian crude. Over the past three years,…

Existing Foreign Oil Producers in Venezuela May Get Licenses Despite Sanctions

Existing Foreign Oil Producers in Venezuela May Get Licenses Despite Sanctions

May 16, 2024 at 09:42 | Charles Kennedy

After reestablishing sanctions against Venezuela, Washington is gearing up to issue restricted licenses to certain companies that already have oil-producing operations in the country, Reuters said in an exclusive report…

Crescent Energy to Buy SilverBow as U.S. Shale Mergers Continue

Crescent Energy to Buy SilverBow as U.S. Shale Mergers Continue

May 16, 2024 at 08:55 | Charles Kennedy

Crescent Energy will buy SilverBow Resources in a deal valued at $2.1 billion to create a major player in the Eagle Ford shale formation as the U.S. oil…

Chevron Set to Exit UK North Sea

Chevron Set to Exit UK North Sea

May 16, 2024 at 08:29 | Tsvetana Paraskova

Chevron is preparing to launch a sale process to divest all its remaining operations in the UK North Sea as it looks to focus on the most profitable assets in…

Trump Wants the IEA to Refocus on Fossil Fuels and Energy Security

Trump Wants the IEA to Refocus on Fossil Fuels and Energy Security

May 16, 2024 at 07:42 | Tsvetana Paraskova

If Donald Trump wins the presidential election, he is expected to push the International Energy Agency (IEA), for which the United States provides about a quarter of the…

Refinery Repairs Drag Down Russia’s Oil Product Exports in April

Refinery Repairs Drag Down Russia’s Oil Product Exports in April

May 16, 2024 at 06:49 | Tsvetana Paraskova

Russia’s fuel shipments dipped by 14.6% in April compared to March, as refinery repairs, seasonal maintenance, and a gasoline export ban weighed on Moscow’s petroleum product exports last…

Barge Spills Oil After Hitting Bridge Pillar in Galveston Bay

Barge Spills Oil After Hitting Bridge Pillar in Galveston Bay

May 16, 2024 at 05:03 | Tsvetana Paraskova

A barge spilled oil in the busy shipping channels in Galveston Bay after slamming into a column of the bridge that connects Galveston and Pelican Island in Texas,…

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