OilPrice.com

OPEC Secretary General al-Ghais: recent sell-off in oil was driven by fear. OPEC: crude oil fundamentals remain strong. Al-Ghais: Fears of a major Chinese economic slowdown are overblown. Global oil...

WTI crude rallied almost 3.5% on Thursday morning. Tight supply and falling crude oil inventories support prices. U.S. crude oil inventories are now 6% below the 5-year average. Crude oil prices...

By Alex KimaniThe first half of the year was characterized by supply-side constraints that pushed commodities prices up significantly. A growing number of Wall Street banks is turning bullish on...

Oil majors are breaking revenue and cash flow records in blockbuster earnings season. Many midcap crude companies are also beating earnings expectations. Several midcaps remain undervalued compared to...

EU has made headway in buying gas from Norway, Algeria and Azerbaijan Will not be enough to offset all of the lost Russian gas deliveries Gas consumption reduction remains a key pillar in EU...

Shell CEO said there is more upside than downside for oil prices Sees ongoing tightness in crude oil supply TotalEnergies CEO sees higher demand and limited room for production growth As oil companies...

By Alex KimaniThe energy industry is, by a wide margin, posting the strongest earnings numbers on Wall Street. At the sub-industry level, all five energy sub-industries are reporting a year-on-year...

Reduced Nord Stream 1 gas flows complicate plan to fill gas storage across Europe EU goal is to replenish its gas storage to 80% full by the end of October. Most of the EU member states will amass...

By Alex KimaniWhile oil pipeline capacity in the U.S. currently exceeds production, the country’s booming LNG and natural gas markets mean demand for infrastructure is soaring. The United States...

Putin and MBS discuss OPEC+ and oil markets in phone call. Russia and Saudi Arabia saw the largest production gains within the group of producers in June. The phone call is just the latest in a series...

Crude oil prices and gasoline prices are significantly lower today than they were a month ago due to fears that the global economy is heading for a recession Despite these falling prices, soaring...

OPEC's technical panel has cut the oil demand forecast by 200,000 bpd for 2022. OPEC now sees global demand grow by 3.4 million bpd this year. OPEC+ is not expected to significantly raise its...

There appears to be no end in sight for the current fuel supply crisis, with summer demand set to spike while refineries run at an unsustainable rate. While refineries have the ability to bring more...

The U.S. Henry Hub natural gas price has climbed to its highest level in 14 years. A surge in LNG demand from Europe has been one of the main drivers in the gas market. U.S. natural gas inventories...

The sixth package of EU sanctions against Russia will immediately impact 75% of Russian oil imports. Russia claims it will find other buyers for its crude. Russia is boosting exports to India and...

A growing number of economists are warning that a recession could be on the horizon. A recession will surely impact oil demand, but it could just weaken its growth, not lead to an annual decline in...