Tight Oil Market Shrugs Off Supply Surge | OilPrice.com
Oil prices rose despite OPEC+ increasing output, exposing tighter-than-expected global crude and diesel markets.| OilPrice.com
Oil prices rose despite OPEC+ increasing output, exposing tighter-than-expected global crude and diesel markets.| OilPrice.com
eologists predict a surge in harvesting naturally occurring hydrogen, citing abundant reserves near the Earth's surface, offering a cleaner alternative to traditional hydrogen production methods.| OilPrice.com
According to ADNOC CEO Al-Jaber, it is unlikely that global carbon reduction targets can be met unless the world cuts energy demand.| OilPrice.com
Europe anticipates a significant increase in solar power generation in 2024, led by Germany's doubling down on photovoltaic capacity.| OilPrice.com
After rallying on news that Saudi Arabia would cut an additional 1 million barrels per day, oil prices were already falling back by Tuesday morning.| OilPrice.com
The Executive Director of the IEA has warned of an imminent surge in oil prices after OPEC+ extended production cuts until 2024 and Saudi Arabia announced an additional reduction.| OilPrice.com
Asian buyers are looking to buy spot oil cargoes from Russia, Africa, Brazil, or the United States after Saudi Arabia raised its official selling prices.| OilPrice.com
The United Kingdom is moving to speed up the connection of 20 gigawatts of clean energy projects to its electricity and distribution networks.| OilPrice.com
Petrochemicals are significantly driving oil demand and may continue to do so without policy changes to curb plastic production and encourage recycling.| OilPrice.com
Buying crude been hampered by an ongoing modernization effort at the SPR dubbed Life Extension 2 program that aims to improve operational integrity| OilPrice.com
BP has won an arbitration case against U.S. LNG exporter Venture Global, which was accused of breaching long-term supply contracts to profit from the spot market.| OilPrice.com
Despite China's weakened demand and global manufacturing struggles, investment funds maintain bullish positions on copper, anticipating long-term gains.| OilPrice.com
The recent coup in Niger is jeopardizing U.S.-Niger relations, raising concerns over regional stability, and raising an opportunity for Russia's Wagner mercenary group to expand its influence in Africa.| OilPrice.com
Morocco aims to transition from a fossil-fuel reliant nation to a major exporter of renewable energy to Europe, despite challenges in balancing domestic needs and potential environmental concerns.| OilPrice.com
High natural gas prices in Europe are attracting U.S. LNG exports, offering relief to the continent facing a potential gas shortage this winter.| OilPrice.com
TotalEnergies has paused new investments in the Adani Group following allegations of corruption against the Indian conglomerate.| OilPrice.com
Goldman Sachs predicts Brent crude oil prices to average $76 per barrel in 2025 due to an expected oil market surplus.| OilPrice.com
Shell’s CEO Ben van Beurden is calling for smart government intervention to help protect the most vulnerable consumers| OilPrice.com
According to Saudi Aramco’s chief executive, the oil market is currently ignoring the fact that spare production capacity is very low| OilPrice.com
Soaring inflation is pushing the United Kingdom’s construction sector to the brink of collapse, with as many as 16,755 companies at risk of closure| OilPrice.com
Alternative energy news and technology developments. Research into various sectors such as solar power, wind energy, getothermal and hydro.| OilPrice.com
Guyana has rapidly transitioned into the world's newest petro-state, driven by significant offshore oil discoveries and production, leading to unprecedented economic growth.| OilPrice.com
Kazakhstan could sharply increase its crude oil exports out of Turkey's port of Ceyhan, and dramatically reduce the more than 80% share of flows it currently sends via Russia| OilPrice.com
U.S. Department of Energy scientists have confirmed a new development in a process related to tokamak fusion reactors| OilPrice.com
Aside from runaway inflation, the energy crisis is sucking up capital to guarantee trades amid wild price swings, and this is an increasingly large risk for European financial institutions| OilPrice.com
Natural gas flaring is the practice of burning off natural gas produced during oil drilling operations, but a number of new technologies could help curb the problematic method.| OilPrice.com
Around 43.8 million Americans are expected to travel on Memorial Day weekend, a 4% increase on the year before and not far from a record high.| OilPrice.com
Standard Chartered has lowered its global oil demand outlook on the back of the OPEC+ cut, suggesting that oil demand will not break the all-time highs of 2019| OilPrice.com
The EU ban on Russian crude is set to come into effect in December and leaders are scrambling to find new sources of oil ahead of winter| OilPrice.com
The Hague has just become the first city in the world to ban oil ads and ads for large energy-consuming industries including air travel and cruise ships| OilPrice.com
Europe, and the rest of the world, need solutions to tackle the intermittency in wind and solar generation and to expand and overhaul grids so that they are capable of handling surging renewable capacity.| OilPrice.com
The rapid growth of artificial intelligence raises concerns about its energy consumption, prompting the U.S. Department of Energy to propose an initiative for responsible AI development and energy efficiency.| OilPrice.com
Regulatory hurdles are stymieing growth in natural gas production in the Marcellus-Utica basin, the largest U.S. gas-producing region| OilPrice.com
Chesapeake Energy's decision to decrease production outlook triggered a surge in natural gas futures, signaling potential market recovery.| OilPrice.com
Saudi Arabia’s decision to cut oil production by 1 million barrels per day has failed to cause a sustained rally in oil prices, although the IEA has warned higher prices are coming.| OilPrice.com
Saudi Aramco sustains nearly £30bn in dividends to investors, including the Saudi government, despite a 24% fall in net profit.| OilPrice.com
The 2023 Statistical Review of World Energy reveals global reliance on fossil fuels, growth in renewables, and challenges in meeting climate goals.| OilPrice.com
