IEA: Surge in Renewables and EVs Has Limited Global Emissions

The IEA has reported that global emissions in 2022 will rise by far less than originally expected thanks to a surge in renewable energy and EVs | Continue reading


@oilprice.com | 1 year ago

French Nuclear Giant Sues Government for $8B

French nuclear giant EDF, forced to sell power to competitors below market value, is now suing the French government for over $8 billion in compensation | Continue reading


@oilprice.com | 1 year ago

Is Saudi Arabia Exaggerating Its Oil Production Potential?

Saudi Arabia has made some wild claims about its oil production potential, but the claims could be exaggerated | Continue reading


@oilprice.com | 1 year ago

Buyers Scramble to Lock in Long Term LNG Contracts in 2022

Robust demand and a renewed focus on energy security have made long-term LNG deals very popular this year | Continue reading


@oilprice.com | 1 year ago

Energy Transition Goals at Risk as EU May Label Lithium as Toxic

A potential European Commission act to classify lithium as a Category 1A reproductive toxin could actively drive up costs in the battery metal supply chain while undermining Europe’s energy goals | Continue reading


@oilprice.com | 1 year ago

The Biggest Reshuffle of Oil Flows Since the 1970s

The biggest reshuffle of global oil flows is put in motion as a result of the Ukraine war, which has effectively upended an era of free energy trade | Continue reading


@oilprice.com | 1 year ago

Is It Time to Revisit the Keystone XL Pipeline?

The cancelation of the controversial Keystone XL pipeline extension has been a topic of debate as energy prices continue to rise, but will Biden actually reconsider the project? | Continue reading


@oilprice.com | 2 years ago

China's Sinopec Bows Out of Russian Petchem, Gas Projects

China's state-run oil refiner, Sinopec, has paused discussions with Russia about a petrochemical investment and a deal to market Russian gas in China | Continue reading


@oilprice.com | 2 years ago

Why Ted Cruz Wants Bitcoin Miners in the Lone Star State

Texas is quickly becoming a hotspot for crypto startups as innovators look to have an impact on the energy industry, and get cheap power in the process | Continue reading


@oilprice.com | 2 years ago

UK Could Keep Coal Plants Operational Beyond Closure Date Amid Gas Crisis

UK power company Drax could have its last two coal-fired plants in the country operating beyond the 2022 deadline it had set for closure if the UK government asks it to keep them operational amid the energy crisis in the country and the whole of Europe | Continue reading


@oilprice.com | 2 years ago

Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter

Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter | Continue reading


@oilprice.com | 2 years ago

Will South America’s Latest Oil Boom Spark a Military Clash?

Tensions between Venezuela and Guyana flared up after the latter made a number of crude oil discoveries, and as Guyana moves to become a serious producer, Caracas is watching with envy | Continue reading


@oilprice.com | 2 years ago

Top 5% Polluting Power Plants Account for 73% of Global Emissions

Just 5 percent of the world’s power plants account for nearly three-quarters of global carbon emissions from electricity generation, a recent study showed | Continue reading


@oilprice.com | 2 years ago

Why Norway Won’t Give Up on Oil and Gas

Western Europe’s biggest oil and gas producer is doubling down on oil development and continues to consider oil exploration and production a critical part of its economy | Continue reading


@oilprice.com | 2 years ago

The World Will Run Out of EV Batteries by 2025

The world is going all-in on the electric vehicle revolution, but there are a number of challenges that could stop the EV boom dead in its tracks | Continue reading


@oilprice.com | 2 years ago

Dividend Cripples Saudi Aramco

Saudi Aramco’s huge dividend promise has put it in a very difficult position in which it will have to keep on selling off assets or taking out new loans in order to fund it | Continue reading


@oilprice.com | 2 years ago

The Great Reset: BlackRock Is Fueling a $120T Transformation on Wall St

Sustainability is the name of the game for today’s investors, and with trillions of dollars up for grabs, it pays to take the plunge | Continue reading


@oilprice.com | 2 years ago

A War on Coal Is Playing Out in Central Europe

The brusqueness of anti-coal sentiment in Europe is almost certain to generate conflict between remaining producers and their neighbours | Continue reading


@oilprice.com | 2 years ago

Crypto Mining Company Plans One of the Largest Solar Projects in the U.S.

One crypto mining company is looking to make its solar power debut in Montana and is planning one of the largest solar projects in the United States known as the Basin Creek Solar Project | Continue reading


@oilprice.com | 2 years ago

Why Californians Have Sky-High Electricity Bills

California is known to have the most expensive electricity in the U.S., and the distributed nature of its grid is negatively affecting less-wealthy Californians | Continue reading


@oilprice.com | 2 years ago

Nuclear Overtakes Coal Fired Power Generation in Historic Move

Coal-fired electricity generation in the United States was lower than power generation from natural gas and nuclear plants in 2020, with coal dropping out of the top two electricity sources for the first time since at least 1949 | Continue reading


@oilprice.com | 3 years ago

Natural Gas Is Driving Decarbonization in India

India is on course to become the world’s largest energy consumer, and Prime Minister Modi is now making natural gas the centerpiece of the nation’s energy plans | Continue reading


@oilprice.com | 3 years ago

Is Elon Musk Wrong About Lithium?

On world battery day Elon Musk sent lithium prices crashing when he claimed that there was enough of the metal in Nevada to electrify the U.S. fleet, but it looks like prices are set to soar again | Continue reading


@oilprice.com | 3 years ago

California Is the Top U.S. Net Importer of Electricity

California's imports were the largest in the United States last year when 25 percent of California's total electricity supply was imported, the Energy Information Administration | Continue reading


@oilprice.com | 3 years ago

Coal Consumption in U.S. Electricity Sector Plunges 30%

Competition from record-low natural gas prices and reduced power demand in the lockdown in the spring sent coal consumption in the U.S. power sector down by 30 percent in the first half of 2020 compared to the same period last year | Continue reading


@oilprice.com | 3 years ago

Nuclear Energy Granted a State-Sponsored Lifeline in the U.S.

The struggling U.S. nuclear industry has just received a major boost from the Department of Energy to fund research and tackle infrastructure concerns | Continue reading


@oilprice.com | 3 years ago

Oil Majors Stuck Between a Rock and a Hard Place – Oilprice.com

For the sake of energy transition, oil majors should transition, in a balanced manner, but with a sense of urgency in order to preserve shareholder value and rescue their business | Continue reading


@oilprice.com | 3 years ago

Small Lab Makes Big Breakthrough in Nuclear Fusion Tech

LPPFusion, a small company specialized in Dense Plasma Focus may have just opened the door to a streamlined, low-cost nuclear fusion future | Continue reading


@oilprice.com | 3 years ago

Hydrogen Fuel Economy Is Finally Going Mainstream

Fantasy fiction provides more than escapism for young readers. | Continue reading


@oilprice.com | 3 years ago

US Oil Prices Fall to 11 per Barrel in Historic Crash

The front-month WTI crude contract crashed by 37 percent early on Monday as the May contract expires on Tuesday and the market fears there is not much storage left in the United States amid collapsing demand in the coronavirus pandemic | Continue reading


@oilprice.com | 4 years ago

Canadian Oil Sands product (Western Canadian Select) drops to $10/barrel

Oilprices from around the world. | Continue reading


@oilprice.com | 4 years ago

What Happens If Oil Prices Go Negative?

The combination of the Saudi Arabia vs Russia price war and the widespread coronavirus outbreak has created a perfect storm for oil markets that could send crude prices into the negatives | Continue reading


@oilprice.com | 4 years ago

Electric Vehicle Adoption Could Cost Germany 75,000 Jobs

The fast-growing adoption of electric vehicles could result in the loss of 75,000 jobs in Germany’s key auto industry, with powertrain producers set to be the worst hit | Continue reading


@oilprice.com | 4 years ago

MIT Solves Two Energy Problems

MIT scientists have discovered a new type of battery that also sucks carbon-dioxide out of the air, to store it for later use | Continue reading


@oilprice.com | 4 years ago

The Inevitable Finale of the Nord Stream 2 Saga

Nord Stream 2 may have become one of the most geopolitically charged energy projects in history, but its completion was inevitable since before construction even begun | Continue reading


@oilprice.com | 4 years ago

The Drilling Frenzy Is over for U.S. Shale

Several high-profile shale executives have claimed that the glory days of U.S. shale are well and truly over, with some of the sector’s biggest companies pulling back significantly | Continue reading


@oilprice.com | 4 years ago

Iran Used Google to Disrupt 5% of Global Oil Production

Saudi Aramco officials have claimed that Iran used Google Maps in order to precisely target oil facilities in Saudi Arabia on the 14th of September | Continue reading


@oilprice.com | 4 years ago

Death Sentence for Small Oil and Gas Drillers

Multiple large banks that fund U.S. oil & gas drillers have reduced their expectations for oil and natural gas prices, meaning it will soon grow even more difficult for small drillers to get loans | Continue reading


@oilprice.com | 4 years ago

The Holy Grail of Energy Is Finally Within Reach

Nuclear fusion, the holy grail of energy, finally looks like it might become a reality as two projects aim to do what many observers had long since deemed impossible | Continue reading


@oilprice.com | 4 years ago

The Crackdown on Illegal Immigration Is Hurting Oil Drillers

Despite a brief slowdown in U.S. oil production growth, the industry is feeling the string of a major labor shortage | Continue reading


@oilprice.com | 4 years ago

Is This the End of the Lithium-Ion Battery?

The race is on to develop a lighter, safer and more efficient type of battery, and the latest competitor to the dominant lithium-ion battery is an aluminum-based battery | Continue reading


@oilprice.com | 4 years ago

“Anti-Solar Panel” Could Generate Power from Darkness – Oilprice.com

As the need for renewable energy becomes more pressing, a new breakthrough aimed at filling in the solar gap may offer a timely solution | Continue reading


@oilprice.com | 4 years ago

The $47T Death Sentence for Oil and Gas

The future of hydrocarbons is becoming bleak if plans presented by international banks, representing around $41 trillion in value, will be fully implemented | Continue reading


@oilprice.com | 4 years ago

Why the Saudis Are Lying About Their Oil Production

Saudi Arabia has often manipulated the truth a bit when it comes to exports, production or reserves, and following the attacks on its oil infrastructure, Riyadh’s narrative should be taken with a pinch of salt | Continue reading


@oilprice.com | 4 years ago

How New Technology Is Revolutionizing Oil and Gas

After years of lagging behind other industries, the oil and gas sector has finally embraced modern technological innovations in order to increase efficiency | Continue reading


@oilprice.com | 4 years ago

Tech Breakthrough Could Help Slumping Electric Car Sales

Electric vehicles have seen a shocking slump in sales, but a new tech breakthrough could breathe new life into the industry | Continue reading


@oilprice.com | 4 years ago

Home Energy Storage Capacity Breaks Records in US

As costs for battery storage continue to plummet in the United States, residential storage capacity is growing at a surprising rate | Continue reading


@oilprice.com | 4 years ago

Busting the Myth of the World’s Hottest Electric Car Market

Norway has been hailed as a model for electric vehicles adoption with EV sales exceeding 57% of new car sales in June of this year, but what’s really behind this stellar growth? | Continue reading


@oilprice.com | 4 years ago