OilPrice.com

China’s zero-COVID policy has had a very negative impact on oil demand in 2022. Whether or not Chinese authorities relax COVID measures, both steps carry a huge political risk for China’s...

EU has yet to strike deal on the proposed price cap for Russian oil Poland, Estonia, Lithuania are pushing for the price cap at $30 per barrel Cap set to come into effect on Dec. 5, same day as EU...

OPEC+ meeting could be a watershed moment for oil. Beginning of the EU embargo on Russian seaborne crude imports a The next few days will be one of the most crucial for the oil market in weeks as...

Activist investors successfully changed the agenda of certain oil majors in 2020 Sentiment has shifted in favor of companies that voted against ESG-strategies EU oil and gas majors that have doubled...

OPEC+ may soon have to rethink its decision to cut production. Comment followed earlier IEA report suggesting OPEC+ cut may have made recession inevitable. EA believes energy security requires...

Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 3.9 million barrels for the week to November 4.This compared with a draw of 3.1...

By Alex KimaniAs the earning seasons draw to a close, the energy sector, once again, is reporting the highest growth of any market sector. All five sub-industries in the Energy sector are reporting...

EU embargo on seaborne Russian oil and G7 price cap less than a month away Economic slowdown and weak China demand have capped prices Looming supply disruptions likely send oil prices higher Lack of...

Demand for oil tankers set to soar next year Number of ton-miles will increase next year by 9.5%. Part of the reason is change in routes Demand for oil tankers carrying oil products is set to soar...

Disappointing Chinese economic growth could lower energy-driven inflation Exceptionally negative effects of its zero-COVID policy Debt levels in China’s large real estate sector remain...

Crude oil prices moved higher yesterday after the Energy Information Administration reported a crude oil inventory increase of 2.6 million barrels for the week ending October 21.This compared with a...

Collective profits of oil majors for Q2 at $50.7 billion Big oil firms are expected to earn less than in the blockbuster quarter Strong earnings will re-ignite the public debate around windfall...

European Commission outlined steps to battle ongoing high prices for natural gas Gas price cap will be for the EU’s benchmark gas contract, TTF The European Commission fell short of proposing a...

Europe has done most things it feasibly could to fill gas storage units Overall in the EU, gas storage was 92.37% full as of October 17 Weather will be the determining factor in how fast gas in...

Plan to put a price cap on Russian oil exports is one that the G7 and the EU have embraced Following the OPEC+ decision, oil price volatility increased If Russia cuts supply, oil prices could climb...

OPEC slashed global oil demand growth estimates for 2022 and 2023 Last week OPEC+ announced a 2 million barrels per day cut to its production OPEC thinks global economy has entered into a period of...