The oil price crash on the back of the COVID-19 lockdowns has accelerated the coming supply crunch.
A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC's bet that U.S. shale's "drill, baby, drill" is gone forever be righ
Environmentalists said a federal judge's ruling last week delaying the decision on whether to shut down the project during an ongoing court-ordered environmental review endangers land, water and communities.
The controversial Nord Stream 2 natural gas pipeline project will definitely be completed this year, Viktor Zubkov, chairman of the board of directors of Russia's gas giant Gazprom, said on Friday.
Increasingly it appears that so-called "rogue states" and those under Washington's wrath and sanctions are coming together to combat US dominance across the globe.
The latest academic voodoo doll tossed at Fossil Fuels is a study claiming that the industry gets $65 billion in "implicit" subsidies in the US.
Commodity diesel prices fell Thursday by an amount seen only a handful of times since 2000.
China's been brimming with Iranian oil as critics charge Biden with "turning a blind eye"...
Despite optimism from Chinese data overnight, forecasts for lower OPEC+ output, and a weaker dollar, oil prices are tumbling this morning with WTI back below $64.50...
"Given our demand forecasts remain unchanged and above consensus, OPEC's decision is leading us to raise our Brent forecast by $5/bbl, to $75/bbl in 2Q and $80/bbl in 3Q21."
Oil sprinted out of the gate after the OPEC+ meeting started following comments from the Saudi Energy Minister who said the oil market has improved but the uncertainty surrounding the recovery has not receded, and urged "supply caution and vigilance
Oil prices surged back higher overnight after a brief dip on the API-reported surprise crude build (and massive product draws), as hopes that OPEC+ won't hike output too much prevail.
The price of fuel is beginning to rise and the dramatic spike is due to continue. But the real reasons why are not the ones being reported by the MSM.