Oil sands producers will benefit from less output of competing crude from Latin America as Pemex expects to cut exports while Venezuelan supplies remain off limits due to U.S. sanctions. SourceContinue Reading

Once touted as a bridge fuel to smooth the transition away from coal, gas increasingly is being targeted by environmental pressure groups and governments for its contribution to greenhouse gases. SourceContinue Reading

Welltec has been awarded a crucial role in a project funded by the US Department of Energy and led by the University of Oklahoma, to illustrate that near-field Enhanced Geothermal Systems can be successfully deployed. SourceContinue Reading

Iraq’s Kurdistan Region Says It Is Committed To OPEC+ Cuts | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 22, 2020, 12:30 PM CDT The semi-autonomous Kurdistan region in Iraq has agreed to reduce the region’s crude oil production as part of the ongoing OPEC+...Continue Reading

This $40 Billion Pipeline Project Risks Becoming A Stranded Asset | OilPrice.com Vanand Meliksetian Vanand Meliksetian has extended experience working in the energy sector. His involvement with the fossil fuel industry as well as renewables makes him an allrounder… More Info Premium Content By Vanand Meliksetian – Oct 22, 2020, 12:00 PM CDT Europe’s relationship...Continue Reading

Oil Jumps On U.S. Stimulus Hopes | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Oct 22, 2020, 11:00 AM CDT Following the biggest daily slide in three weeks on Wednesday,...Continue Reading

Chinese Energy Giant CNOOC Reports Major Drop In Revenue | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 22, 2020, 10:30 AM CDT CNOOC, the Chinese state energy giant focused on offshore and overseas exploration and production, reported a 27-percent drop in revenues for the...Continue Reading

U.S. Gasoline Demand Drops   | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Oct 22, 2020, 10:00 AM CDT U.S. gasoline demand is weakening, prompting refineries to additionally cut capacity...Continue Reading

Exxon’s stock has plunged 52% this year and the company all but ended its aggressive, $30 billion-a-year counter-cyclical growth strategy. Rivals such as BP and Chevron have also announced large layoffs in recent weeks. SourceContinue Reading

There are several ways Biden could halt fracking on federal lands using executive power. He could ban new oil and gas leases, halt new permits, or seek a specific regulatory ban on fracking, all of which Biden has telegraphed at one point or another on the campaign trail. SourceContinue Reading