OilPrice.com

The world has become increasingly obsessed with a global energy transition following the oil price crash of 2020, but it remains unclear what the best strategy for oil majors is in this...

Sentiment in oil markets is reversing following the Omicron sell-off Hedge funds sold the equivalent of 131 million barrels of oil during the last week of November The latest updates on Omicron had a...

Arab Light will sell for $0.60 more per barrel next month than it does this month for buyers in Asia The price hike suggests expectations of strong demand Amid heightened worry about the course of the...

By Osama RizviOil prices plunged on the back of the discovery of a new COVID variant, but Omicron isn’t the only bearish factor in today’s oil markets The resurgence of tensions between...

Drillers have focused on completing DUCs during the last couple of months Completion of DUCs has largely helped the record cash flows of the shale patch this year Shale drillers will have to boost...

Floating liquefied natural gas (FLNG) technology is back as surging natural gas prices and a focus on a coal-to-gas switch in the world’s key gas import market, Asia, seem to have renewed demand...

By Alex KimaniLow costs have long since been a major driving force of the clean energy boom. Rising prices of the commodities needed for renewable energy are increasing the costs of setting up new...

By Tom KoolOil prices witnessed their biggest day-on-day loss in 18 months on Friday, with WTI falling a whopping $10.2 per barrel to the low $70s as Omicron fears sent ripples across markets. The WTI...

The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA The reason for this fall is a combination of recent legislation and the decision by...

Oil prices plunged on Friday on renewed fears of a COVID-19-fueled drop in demand. OPEC has been slow to open the taps despite soaring oil prices over the past several months. The latest drop in oil...

By Alex KimaniWall Street is raising serious concerns about sky-high valuations of EV-makers Lithium markets have grown significantly tighter in 2021 EV-makers continue to use more lithium per...

By Charles KennedyResearch firm HFI noted that the latest 10-15-day weather forecast is colder than usual weather. Last week, the Energy Information Administration (EIA) said it expected average...

El-Erian: demand destruction could keep oil from reaching $100 per barrel El-Erian: nobody had expected demand to rebound so quickly and so strongly Uncertainty about demand could cap oil...

U.S. shale production is finally ready to grow again, with output set to climb next year due to increased spending in the Permian basin The rise in output will be lower than 2018 and 2019 due to the...

Russia has managed to secure the largest share in Iran’s huge Chalous gas discovery, a move that could have huge economic and geopolitical consequences A senior Russian official believes this...

The EU and Asia have seen gas prices spike amid strong demand and low inventories That the United States is one of the world’s top producers of natural gas is what sets it apart from both Europe...