When Crown Prince Mohammed bin Salman announced Saudi Arabia’s “green initiative” this year he did so with the type of eye-catching pledge that has come to characterize the young royal’s Continue Reading
The oil market has come through some tough sledding the last 6-8 weeks as doubts about the commitment of OPEC+ to the newly agreed output limits, and the surging Delta Continue Reading
China is cracking down on its private-sector oil refiners in a bid to close tax loopholes and mitigate pollution. Approximately a quarter of the nation’s mammoth refining capacity comes from Continue Reading
Back in April, in the midst of a contentious trade spat and unofficial coal embargo between China and Australia, Oilprice speculated that the winner of the battle may not be Continue Reading
China’s demand for spot crude appears to be recovering after nearly five months of slower purchases caused by a shortage of import quotas, drawdowns from high inventories and COVID-19 lockdowns Continue Reading
Energy companies were assessing the health of refineries, pipelines, petrochemical plants, and offshore oil platforms along the central Gulf of Mexico early Monday, the morning after Ida struck Louisiana as Continue Reading
U.S. Gulf Coast energy companies began damage reviews at offshore production facilities and started evaluating onshore power losses after Hurricane Ida caused devastation in Louisiana and rampaged through offshore oil Continue Reading
Entergy Corp (ETR.N) said crews have begun assessing damage where it is safe to do now that Hurricane Ida, which weakened to a tropical storm on Monday, has passed through Continue Reading
Tight supplies of gasoline on the U.S. East Coast are being pressured by refinery outages from Hurricane Ida and the shutdown of a major pipeline that supplies fuel to the Continue Reading
Oil production in the U.S. Gulf of Mexico on Monday remained largely halted in the aftermath of Hurricane Ida, with 1.72 million barrels of output suspended, according to offshore regulator Continue Reading
