The bank brought forward its forecast for peak oil demand in the transportation sector by one year to 2026, if not sooner, largely due to the accelerating adoption of electric vehicles. Overall crude consumption will keep expanding this decade due to jet fuel and petrochemicals, but growth will be at an “anemic” pace past 2025....Continue Reading

Shell will team up with the UK’s biggest independent oil and gas producer Harbour Energy Plc, and the project’s developer Storegga Geotechnologies Ltd, a unit of the latter said Friday. The companies will be equal partners in the Acorn venture, it said, without disclosing potential investments from them. SourceContinue Reading

The pick-up in activity across the key Asian market comes amid a flurry of signs that global oil consumption is improving as economies including the U.S. shake off the impact of the pandemic. So far in 2021, Brent futures have soared 30%, and last traded near $67 a barrel. SourceContinue Reading

Oil industry officials have encouraged the administration to seek methane reductions across the economy, including from agriculture. While some independent oil producers oppose new methane-cutting mandates, the trade group American Petroleum Institute supports explicit regulation of methane. SourceContinue Reading

3 Oil Stocks To Watch This Spring | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Apr 15, 2021, 7:00 PM CDT Oil bulls who have been praying for oil prices to cross the $70 per barrel mark to...Continue Reading

Is This The Most Exciting Commodity Play Of 2021? | OilPrice.com James Stafford James Stafford is the Editor of Oilprice.com More Info Premium Content By James Stafford – Apr 15, 2021, 6:00 PM CDT It’s been a while since I’ve shared any new opportunities with my readers, but we’ve been playing a wait-and-see game for...Continue Reading