U.S. Shale Is Gaining Influence Over Oil Markets
OPEC was formed in 1960 by founding members Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. For a brief period, the petroleum cartel became the dominant force behind world oil prices Continue Reading
Has Big Oil Turned Its Back On Alaska?
“ Is Exploring For Oil Still Profitable? ” Oilprice asked back in August. As the novel coronavirus has swept the world, stalling whole industries, tanking oil demand and prices, leaving Continue Reading
Will the US Regain Lost Oil Export Prominence?
Here is a look back at some of Rigzone’s most viewed downstream-related articles from the past week. Based on a review of pageviews, Rigzone’s downstream readership showed strong interest during Continue Reading
Biden may cancel Keystone XL pipeline permit as soon as his first day in office: source
U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon Continue Reading
Keystone XL Oil Project Pledges Zero Carbon Emissions
The Keystone oil pipeline’s developer plans to announce a series of overhauls—including a pledge to use only renewable energy—in a bid to win President-elect Joe Biden’s support for the controversial project. Aides Continue Reading
The Miraculous Material Transforming Energy Storage
A material discovered less than two decades ago could become the key to safer, faster-charging and lighter batteries that power electronic devices, electric vehicles, and stationary energy storage. Since the Continue Reading
New rule could force banks to lend to oil companies
Big banks, climate activists and banking reform advocates don’t agree on much, but they have joined forces to denounce a proposed Trump administration rule that would make it harder for Continue Reading
German Tech Giant Places Major Bet On Green Hydrogen
Hydrogen is turning into the next media star after solar and wind. In its latest claim to fame, two spinoffs of German tech conglomerate Siemens are joining forces to advance Continue Reading
Crude slides more than 2% amid stronger dollar, Chinese lockdowns
Oil futures settled lower Jan. 15 on the back of a stronger dollar and a renewed focus on demand growth concerns amid the spread of lockdowns across China. Not registered? Continue Reading
Oil drops over 2% on China lockdowns, U.S. stimulus concerns
Oil prices fell more than 2% on Friday, with both contracts posting a loss on the week as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a Continue Reading