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Is Recycling The Answer To Rare Earth Shortages?

Is Recycling The Answer To Rare Earth Shortages?

After a two-month nosedive, the…

Saudi Arabia's Oil Earnings Drop

Saudi Arabia's Oil Earnings Drop

Saudi Arabia's decision to unilaterally…

How Oil Executives Raked In Half A Billion In COVID Compensation

How Oil Executives Raked In Half A Billion In COVID Compensation

A Reuters analysis of stock-based pay granted…

News

OPEC Would Welcome Iran’s Return To The International Oil Market

OPEC Would Welcome Iran’s Return To The International Oil Market

May 30, 2023 at 01:58 | Charles Kennedy

OPEC will welcome the return of Iran to the international oil market once the U.S. lifts sanctions from Tehran, the secretary general of the cartel said. "We believe that Iran…

Chinese Solar Major Slashes The Prices Of A Key Component

Chinese Solar Major Slashes The Prices Of A Key Component

May 30, 2023 at 00:35 | Charles Kennedy

The largest solar manufacturer in the world has reduced the prices of a key component in solar installations by close to a third as production ramps up, threatening to sink…

Petrobras Launches New Commercial Portfolio For Natural Gas

Petrobras Launches New Commercial Portfolio For Natural Gas

May 29, 2023 at 11:58 | Alex Kimani

Brazilian national oil company Petroleo Brasileiro SA (NYSE:PBR) has launched a new commercial portfolio for natural gas in a move that…

Today’s Election In Alberta Could Shape Canada’s Climate Policies For Years

Today’s Election In Alberta Could Shape Canada’s Climate Policies For Years

May 29, 2023 at 08:43 | Charles Kennedy

Albertans are voting on Monday in the provincial election in the top oil-producing province in Canada, and the result of what is expected to be a very close race could…

Tesla Model Y To Become Best Selling Car In The World In 2023

Tesla Model Y To Become Best Selling Car In The World In 2023

May 29, 2023 at 08:41 | ZeroHedge

While Elon Musk continues to be a lightning rod for political controversy and discussion, Tesla is (at least for the time being) still executing in the background. Just last week…

India’s Largest Oil And Gas Company To Invest $12 Billion In Renewables

India’s Largest Oil And Gas Company To Invest $12 Billion In Renewables

May 29, 2023 at 07:38 | Charles Kennedy

Indian state-held oil and gas explorer, Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas producer in the country, is looking to boost its renewable energy portfolio…

Kazakhstan And China Discuss Expanding Oil Pipelines

Kazakhstan And China Discuss Expanding Oil Pipelines

May 29, 2023 at 07:33 | Tsvetana Paraskova

Kazakhstan's state oil and gas firm KazMunayGas and China National Petroleum Corporation (CNPC) are discussing the possible expansion of two oil pipelines, KazMunayGas officials have told Russian news agency

Russia’s Sakhalin-1 Oil Project Returns To Peak Production

Russia’s Sakhalin-1 Oil Project Returns To Peak Production

May 29, 2023 at 06:47 | Tsvetana Paraskova

The Sakhalin-1 oil project in Russia is back to producing its peak level of 200,000 barrels per day (bpd) of oil from zero, an Indian company that is part of…

Major UK Oilfield Could Be Abandoned If Labour Wins Next Election

Major UK Oilfield Could Be Abandoned If Labour Wins Next Election

May 29, 2023 at 05:02 | Tsvetana Paraskova

Equinor’s Rosebank oil project in the UK North Sea could be in doubt and Britain’s energy security undermined if the opposition Labour Party wins the next election and follow through…

Flare-Up Between Kurdistan And Iraq May Delay Oil Export Restart

Flare-Up Between Kurdistan And Iraq May Delay Oil Export Restart

May 29, 2023 at 02:43 | Charles Kennedy

A flare-up between the regional government in Kurdistan and Baghdad has added risk for the resumption of oil flows from the northern Iraqi region. Rudaw reports that the spike…

Asian Oil Imports Set For A Rebound In May

Asian Oil Imports Set For A Rebound In May

May 29, 2023 at 00:55 | Charles Kennedy

Crude oil imports into Asia this month are expected to rise by 8.6% on the month as refineries in China and India exit maintenance season, Reuters’ Clyde Russell reported today,…

Two Largest Pension Funds In U.S. Could Be Forced Into $15B Oil, Gas Divestment

Two Largest Pension Funds In U.S. Could Be Forced Into $15B Oil, Gas Divestment

May 26, 2023 at 16:26 | Julianne Geiger

A new bill that was approved by the California state Senate on Thursday would require two of the country’s largest pension fund to pull $15 billion in investments from oil…

Glencore Shareholders Get Mad After Getting Paid

Glencore Shareholders Get Mad After Getting Paid

May 26, 2023 at 11:21 | Julianne Geiger

A third of Glencore's shareholders failed to accept the company's climate progress report at today's meeting, demanding additional information. This, after Glencore announced in February a massive $7 billion in…

Tesla And Ford Close EV Charging Deal

Tesla And Ford Close EV Charging Deal

May 26, 2023 at 10:40 | Charles Kennedy

Ford Motor Company has reached an agreement with Tesla Motors that will provide Ford’s EV customers access to more than 12,000 Tesla Superchargers across the United States and Canada.…

Market Data Suggest Russia Isn’t Cutting Oil Production As Promised

Market Data Suggest Russia Isn’t Cutting Oil Production As Promised

May 26, 2023 at 08:13 | Tsvetana Paraskova

Oil shipments out of Russia haven’t dropped in recent months despite the Russian pledge to cut production by 500,000 barrels per day (bpd) from March onwards, a Bloomberg analysis…

LNG Price Decline Attracts Emerging Market Buyers

LNG Price Decline Attracts Emerging Market Buyers

May 26, 2023 at 07:13 | Tsvetana Paraskova

The decline in LNG prices has recently attracted buyers from emerging economies in Asia and South America who were unable to afford sky-high prices last year. Southeast Asia and Latin…

Billionaire Carlos Slim Buys Stake In Huge Mexican Oilfield

Billionaire Carlos Slim Buys Stake In Huge Mexican Oilfield

May 26, 2023 at 05:10 | Tsvetana Paraskova

Talos Energy is selling 49.9% of its Mexican subsidiary to a unit of Grupo Carso, owned by billionaire Carlos Slim, with which the buyer gets access to the huge Zama…

Lloyd’s Register Punishes Indian Shipping Company For Carrying Russian Oil

Lloyd’s Register Punishes Indian Shipping Company For Carrying Russian Oil

May 26, 2023 at 01:58 | Irina Slav

Lloyd’s Register has removed the certification of 21 vessels operated by Indian shipping company Gatik Ship Management, which is one of the biggest shippers of Russian oil abroad. "Lloyd's Register…

Azerbaijan Boosts Gas Exports To Europe

Azerbaijan Boosts Gas Exports To Europe

May 25, 2023 at 16:35 | Tom Kool

Amid a slump in EU gas prices, the continent is rushing to diversify its natural gas imports. Oilprice.com wrote yesterday that Russian gas giant Gazprom has seen its 2022 

Aker BP Makes Big Oil Discovery In The North Sea

Aker BP Makes Big Oil Discovery In The North Sea

May 25, 2023 at 12:54 | Alex Kimani

Norway's Aker BP (NYSE:BP) (OTCQX:AKRBF) has made a much bigger-than-expected oil discovery in the Yggdrasil area of the North Sea, the energy company reported on Thursday. 

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