• 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
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Solving The Space Problem For America’s Solar Industry
  • 23 hours How Far Have We Really Gotten With Alternative Energy
  • 4 hours Investment in renewables tanking
  • 4 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days If hydrogen is the answer, you're asking the wrong question
  • 12 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
Traders Aren’t Buying The Oil Deficit Story

Traders Aren’t Buying The Oil Deficit Story

Oil has largely given up…

5 Solar Stocks For Long-Term Gains

5 Solar Stocks For Long-Term Gains

Amidst decreasing solar material costs…

News

Goldman Sachs Warns ESG Investors Against Rushing To Divest From Oil And Gas

Goldman Sachs Warns ESG Investors Against Rushing To Divest From Oil And Gas

Jun 05, 2023 at 08:08 | Tsvetana Paraskova

Investors focused on the ESG rush to divest from oil and gas should focus instead on investment in renewables and other forms of low-carbon energy supply, Michele Della Vigna, Goldman…

Venezuela’s Maduro Visits Saudi Arabia To Deepen Oil Sector Ties

Venezuela’s Maduro Visits Saudi Arabia To Deepen Oil Sector Ties

Jun 05, 2023 at 07:31 | Tsvetana Paraskova

Venezuelan President Nicolas Maduro is in Saudi Arabia on an official visit, the Saudi press agency reported on Monday, as the two fellow OPEC members seek stronger bilateral ties,…

Analysts Reiterate Calls For $100 Oil As Saudi Arabia Cuts Production

Analysts Reiterate Calls For $100 Oil As Saudi Arabia Cuts Production

Jun 05, 2023 at 03:46 | Tsvetana Paraskova

Brent prices could hit $100 by the end of this year as the new 1 million bpd production cut Saudi Arabia announced on Sunday would further tighten the oil market,…

China’s Service Sector Activity Improves

China’s Service Sector Activity Improves

Jun 05, 2023 at 02:54 | Charles Kennedy

China’s service sector grew at an accelerated pace in May, according to the latest reading of the Caixin PMI index, which stood at 57.1, Reuters reported. This is a…

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…

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