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Breaking News:

U.S. Gasoline Prices Ripe For Volatility

Energy / Energy-General

Oil Demand Outlook Remains Uncertain Ahead Of OPEC Meeting

Jun 02, 2023 at 08:56 | Editorial Dept

Ahead of the upcoming OPEC+ meeting, July WTI oil prices saw a significant increase on Thursday, offsetting rising inventories in the US. The passing of a bill to suspend the…

Japan's Efforts To Reduce Its Reliance On LNG

Jun 02, 2023 at 08:56 | Editorial Dept

1. Exxon Sees Future in Chinese PetrochemicalsDespite a dramatic worsening in the US-Chinese relationship in…

What Erdogan's Reelection Means For Sweden's NATO Bid

Jun 02, 2023 at 08:56 | Editorial Dept

Politics, Geopolitics & Conflict It’s official: Erdogan will remain president of Turkey for five more years after the results of a “free and fair” election, at least if you fail…

Oil Markets On Edge Ahead Of OPEC Meeting

Jun 02, 2023 at 08:55 | Editorial Dept

The OPEC+ chatter this week is unbearable. Analysts, traders, and media alike have spent considerable time reading tea leaves to determine what course OPEC+ will take at its…

Jaguar Recalls Thousands Of I-Pace EVs Over Fire Risk

Jun 02, 2023 at 08:40 | ZeroHedge

Jaguar Land Rover (JLR) is recalling 6,400 I-Pace electric SUVs delivered to the US because the high-voltage electric battery may overheat and catch fire.  The documents posted…

Bullish Sentiment Is Building In Oil Markets Ahead Of OPEC Meeting

Jun 02, 2023 at 08:10 | Michael Kern

Oil prices were up on Friday morning after the U.S. debt ceiling was lifted and the risk of U.S. default was removed from markets. All eyes will now turn to…

India's Imports Of Russian Oil Hit A Record High

Jun 02, 2023 at 04:49 | Tsvetana Paraskova

India’s oil imports from Russia continue to surge as cheaper Russian crude exports find more and more buyers in the world’s third-largest crude oil importer.  India shattered its previous records…

Oil Prices Jump After Senate Passes Debt Ceiling Bill

Jun 02, 2023 at 01:15 | Irina Slav

After dipping on news of another U.S. inventory build, crude oil prices rebounded after Senate voted to pass a debt ceiling bill that ended fears of a U.S. debt default.…

The Future Of Colombia’s National Oil Company Ecopetrol Is At Risk

Jun 01, 2023 at 13:19 | Matthew Smith

Despite a long history of being Latin America’s best-managed national oil company Colombia’s Ecopetrol is swamped by uncertainty. For over a decade, the integrated energy major has been battling to…

The Grid Needs A $20 Trillion Upgrade To Support Energy Transition

Jun 01, 2023 at 10:42 | Irina Slav

For the energy transition to happen, the world needs massive grid overhauls. This message has been overlooked for years as wind and solar stole the limelight, but now it’s back…

Iraq’s Crude Oil Exports Stay Flat As Kurdistan Saga Continues

Jun 01, 2023 at 09:40 | Charles Kennedy

Iraq, OPEC’s second-largest oil producer, exported on average 3.3 million barrels per day (bpd) of oil in May, flat compared to April, according to the Iraqi oil ministry. Iraq’s revenues…

Oil Prices Move Higher As U.S. House Passes Debt Ceiling Bill

Jun 01, 2023 at 01:17 | Irina Slav

The debt ceiling bill proposed after talks between President Biden and House Speaker Kevin McCarthy cleared the first hurdle, with the House of Representatives giving it broad bipartisan support. With…

Tesla Of The Sea? How EV Tech Is Revolutionizing Boating

May 31, 2023 at 16:52 | James Stafford

The electric vehicle boom isn’t just about passenger cars and trucks, it’s also about the millions of speedboats and other recreational boats whose pollution has, at times, caused more damage…

Norway's Wealth Fund  Sides With Activists Against Exxon, Chevron

May 31, 2023 at 16:00 | Alex Kimani

Climate activists have scored yet another victory against Big Oil after Norway’s giant sovereign wealth fund announced it will support proposals by ExxonMobil…

Colombia’s President May Have To Rethink His Oil And Gas Exploration Ban

May 31, 2023 at 09:40 | Matthew Smith

Colombia’s economically crucial energy patch is facing a grave crisis due to its shortage of proven oil and natural gas reserves coupled with leftist President Gustavo Petro’s plan to end…

Gasoline Prices Tick Up For The Summer

May 31, 2023 at 08:25 | Julianne Geiger

Gasoline prices are on the rise—increasing from a week ago by 2.7 cents on average in the United States, Gas Buddy said in a note on Tuesday. The nation’s average…

Oil Prices Extend Losses On Weak Economic Data From China

May 31, 2023 at 07:03 | Tsvetana Paraskova

Oil prices slumped by another 3% early on Wednesday, extending the 4% losses from Tuesday after manufacturing data from China disappointed and the U.S. dollar strengthened. As of 7:27 a.m.…

Singapore Detains Record Number Of Oil Tankers As Shadow Fleet Expands

May 31, 2023 at 03:55 | Tsvetana Paraskova

Singapore, a major hub for oil transportation and storage, has detained this year a record-high number of oil and chemicals tankers that have failed to pass inspection—more than the number…

The Battle For Water: Iran And Afghanistan's Taliban In Conflict

May 30, 2023 at 13:51 | RFE/RL staff

Water has exposed cracks in the Taliban's fragile relationship with Tehran, with both sides exchanging pointed barbs over scarce supplies before coming to deadly blows along the Afghan-Iranian border. Tensions…

Three New China-Russia-Iran and Iraq Agreements Confirm The New Oil Market Order

May 30, 2023 at 13:40 | Simon Watkins

The last week or so has seen a flurry of major cooperation agreements - including in energy, security, and logistics – between various permutations of Iran, Iraq, Russia,…

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