(Bloomberg) — The state-run oil champion led by a close ally of President Vladimir Putin has seen the largest drop in production since the invasion of Ukraine. Most Read from Bloomberg Rosneft P...
Tag: Oil
China oil demand must remain weak or we will have tough summer: IEA
Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy transition and the competing challenges that will need to be balanced in...
Exposed By Putin, The Energy Know-Nothings Must Now Go Away
US Secretary of State John Kerry (L) speaks with Russia’s President Vladimir Putin during a meeting … [+] at the Kremlin in Moscow on December 15, 2015. / AFP / POOL / MANDEL NGAN (Photo c...
Oil Drops as Traders Weigh Tight Gasoline Markets, Weak Growth
(Bloomberg) — Oil declined at the start of the week’s trading as investors weighed tight product markets against concerns over slowing global growth. Most Read from Bloomberg West Texas Intermed...
$6 a Gallon Gasoline? Here’s How It Could Happen.
Illustration by Elias Stein Text size U.S. gasoline prices are at record highs, averaging more than $4.50 per gallon at the pump, and surpassing $4 in all 50 states for the first time. But, says Natas...
Oil Prices Under Pressure As China Considers Russian Crude
China added some downward pressure to oil prices this week when it clearly signaled its intent to buy more discounted Russian oil. Between China and India, Russia is racing to pivot towards Asia as th...
Top Producing Oil Play In The Permian Set To Break Records In 2022
Total hydrocarbon production in the Permian Delaware Basin, the top-producing play in the Permian, will hit a record 5.7 million barrels of oil equivalent per day (boepd) average in 2022, according to...
An Enhanced Geothermal System Uses Oil And Gas Technology To Mine Low-Carbon Energy. Part 2.
Geothermal Plant and Blue Lagoon leisure park, Iceland. Universal Images Group via Getty Images The US Department of Energy (DOE) has funded a project called FORGE where hot granite rock will be drill...
An Enhanced Geothermal System Uses Oil And Gas Technology To Mine Low-Carbon Energy. Part 1.
The FORGE site in Utah. Eric Larson (Flashpoint SLC). The US Department of Energy (DOE) has funded a project called FORGE where hot granite rock will be drilled and fracked using the best oil and gas ...
How Big Oil sells off polluting assets in a bid to look green
An oil flare burns at Repsol’s oil refining complex in Cartagena, Spain. Repsol was one of the top sellers of assets between 2017 and 2021 in EDF’s analysis. Bloomberg | Bloomberg | Getty ...
Federal Financial Regulators Prepare To Throttle US Oil Producers
Climate change protestors covered in fake blood gather around the Wall Street Bull during an … [+] Extinction Rebellion demonstration in New York in 2019. Climate activists have long criticized ...
In 2011, Venezuela Was No. 4 For U.S. Oil Imports; In 2021, It Was Russia
Venezuelan President Nicolas Maduro called a demonstration in the summer of 2019, complete with a … [+] hand-held sign in English, after former U.S. President Donald Trump imposed an economic em...
Pro: buy European oil stocks to benefit from higher oil prices
The Vanguard Energy Index Fund ETF is already up 40% for the year, but Peter Boockvar is convinced the sector is not out of juice yet. What to buy within the energy space? According to Bleakley Adviso...
Crude oil price outlook as the US driving season nears
Crude oil price has bounced off Tuesday’s lows following an improved demand outlook. Brent futures are back above $113.00 per barrel to $113. 55 as at 08:12 a.m GMT. At the same time, WTI futures are ...
Oil Markets Are Bracing For A Slew Of Bullish News
Reader Update: Whether you are new to the oil and gas industry or an energy market veteran, you will regret not signing up for Global Energy Alert. Oilprice.com’s premium newsletter provides eve...
Charts suggest upside for oil is limited despite short-term rallies, Jim Cramer says
CNBC’s Jim Cramer said Tuesday that while the price of crude oil might see some gains, it’ll be limited in duration and scale, leaning on analysis from DeCarley Trading commodity strategis...
Diamondback Energy Agrees to Buy Rattler Midstream for $2.2 Billion
Text size The energy landscape has transformed dramatically since Rattler was taken public in 2019. Callaghan O’Hare/Bloomberg Rattler Midstream shares soared on Monday after the company announc...
China, Russia tipped to power up energy ties as Europe weans itself off Putin’s oil and gas
Energy cooperation between China and Russia is expected to step up, according to observers in China, as Europe looks to wean itself off Russia’s oil and gas after the Ukraine war. The assessment...
World Takes Cover From Stock Chaos in Oil, Utilities and China
(Bloomberg) — Optimism may be in short supply for equity investors caught in the downdraft of volatile global markets, but pockets of shelter are emerging. Most Read from Bloomberg From banks be...
Lower Demand Changes Everything For Oil Markets
Two months ago, the International Energy Agency sounded an alarm about global crude oil supply, predicting that Western sanctions on Russia would remove as much as 3 million barrels daily from the glo...
Brent Crude Oil Price Update – Late Session Surge Puts Market in Position to Challenge $113.99 – $115.29
International-benchmark Brent crude oil futures are trading sharply higher late Friday on the back of record gasoline prices, Additionally, China looked ready to ease pandemic restrictions that could ...
Phillips 66, Electronic Arts, and 5 More Companies That Raised Their Dividend
Text size Phillips 66 raised its stock dividend this week. David Paul Morris/Bloomberg Phillips 66 , Cardinal Health , and Electronic Arts were among the U.S. companies that declared dividend increase...
Congress Picks Populism Over Increased Supply With Price Gouging Legislation
WASHINGTON – APRIL 26: U.S. Senator Chuck Schumer (D-NY) reacts as he leaves a news conference on … [+] high gasoline prices at a gas station on Capitol Hill April 26, 2006 in Washington, ...
The NOPEC Bill Could Send Oil Prices To $300
If the U.S. passes the NOPEC bill, a bill designed to pave the way for lawsuits against OPEC members for market manipulation, the oil market could face even more chaos. OPEC’s most influential energy ...
Oil prices are surging — these eight stocks are still bargains for long-term investors
The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still tradin...