A new survey from Argus showed on Friday that OPEC+ production fell to 38.29 million bpd last month—1.81 million barrels per day short of its reduced quota. The 19 OPEC+ members subject to the quota produced 310,000 bpd fewer barrels in Nov...

Once a taboo topic, nuclear power seems to be the words on everyone’s lips, as governments worldwide put power stations back on their agenda in a bid to accelerate the green transition and ensure greater energy security for the coming years...

A continuing cold blast across Europe, something we pointed out at the first of the month was forecasted to happen, has led to higher energy prices and drawn down NatGas inventories.  We explained on Dec. 1 that a weather phenomenon known a...

Via AG Metal Miner The December Renewables MMI (Monthly MetalMiner Index) traded sideways, practically in a straight line. Overall, metal prices within the index only dropped 0.83%. This sideways trend contrasts sharply with the steep drop...

Investors should use the divergence in the performance of oil stocks and crude oil so far this year to sell energy stocks in the near term, Marko Kolanovic, JPMorgan’s chief global market strategist, says. Kolanovic, still bullish on the en...

The number of total active drilling rigs in the United States slipped this week, according to new data from Baker Hughes published on Friday. The total rig count fell 4 to 780 this week—204 rigs higher than the rig count this time in 2021,...

The Texas legislature has subpoenaed investment firm BlackRock, together with its subsidiaries and affiliate entities in the state, for documents related to the institution’s promotion of environmental, social, and governance (ESG) policies...

Croatia has received the go-ahead to join Europe's Schengen passport-free travel zone in January in a long-awaited decision that leaves out Bulgaria and Romania. The decision came on December 8 during a meeting in Brussels of interior and j...

Crude oil prices rose by roughly a percent on Friday morning on news that Russia was considering a production cut. Brent crude oil prices rose by 0.85% on Friday morning to $76.80 at 10:20 a.m. ET, after Russian President Vladimir Putin suc...

Looking to take advantage of export demand and refining margins to offset weak domestic consumption, Chinese refiners could export a record-high volume of transportation fuels this month as they also seek to use up the export quotas allocat...

Oil prices have been reluctant to climb higher this week despite multiple bullish catalysts. It seems that traders are increasingly unwilling to risk their profits in an extremely unpredictable market.Oilprice Alert: This week's Global Ener...

As I have said here many times before, institutional traders are like sports talk radio host in that they consistently overreact to every bit of news. Having been there, I know why. When you are 100% focused on something all day every day,...

U.S. benchmark February WTI crude oil futures closed lower for a fifth straight session on Thursday, solidifying a lower close for the week. The market was higher earlier in the day on word of a closure of a major Canada-to-U.S. crude pipel...

Russia’s ESPO grade, the crude from Russia’s Far East, is selling in Asia above the $60 price cap as it appears that Russia is currently handling the short Russian Far East-China route with Russian tankers and insurance, traders told Bloomb...

Fuel demand in the world’s third-largest crude oil importer, India, jumped by 10.2% in November from a year earlier, according to official data released on Friday. Gasoline consumption rose 8.1% year over year in November, per data from the...

German households and businesses need to turn down the level of heating in order to conserve more gas as winter is coming while gas flows from Russia are cut, Klaus Müller, the president of the German Federal Network Agency, Bundesnetzagent...

China and Saudi Arabia agreed to expand crude oil trade as the world’s largest oil importer and the top global crude exporter upgraded their relations to a strategic partnership during the visit of Chinese President Xi Jinping in Riyadh. “C...

Australia has joined the club of countries imposing price caps on energy commodities with a ceiling on gas and coal prices, announced today by Prime Minister Anthony Albanese. The price of natural gas will be capped at $8.15 (A$12) per giga...

Crude oil prices are about to book a week of sizeable losses, during which market movements erased all gains Brent and West Texas Intermediate had made since the start of the year. According to Bloomberg, the cumulative weekly loss for the...

Canada has officially ended its government support for international fossil fuel projects, fulfilling a commitment it made at last year’s Conference of the Parties, or COP, Ottawa said in a statement. “The Government of Canada is taking a s...

The price cap on Russian oil at $60 per barrel does very little to immediately cut revenues for the Kremlin, as Western policymakers, especially those in the United States, focus more on keeping Russia’s crude flowing and preventing a plung...

With 2022 ending, we have to do what all pundits do, look back on the past year and pontificate about next year—which most pundits do by simply projecting whatever just happened into next year. An old-fashioned wood ruler works as well as a...

  A couple of months ago, U.S. President Joe Biden urged energy companies to stop ‘war profiteering’ and even threatened to slap them with windfall tax if they failed to invest their profits in lowering costs for Americans and increasing pr...

Venezuela is planning on oil to finance 63 percent of its budget for 2023, a figure slightly higher than this year’s, Reuters reported Monday, citing a document it had seen.The stronger reliance on oil comes as the U.S. gov­ernment’s revise...

Lithium prices have turned into one of the red flags in the energy transition as they have climbed inexorably for more than a year, with many expecting the supply of the battery metal to experience a further squeeze in the future. Yet at le...