Oil Data Is Robust, So Why Is Demand Sentiment So Poor? | 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 – Aug 26, 2024, 5:00 PM CDT Brent crude rallied back to $80 per barrel on heightened geopolitical risk. Standard...Continue Reading

Renewables Accounted for 14.6% of Global Energy Consumption in 2023 | OilPrice.com Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Aug 26, 2024, 4:00 PM CDT Renewable energy’s...Continue Reading

Qatar, which is already Kuwait’s biggest supplier with an existing contract running to 2035 to supply as much as 3 MMtpa, will start shipments from the new deal in January. SourceContinue Reading

Azerbaijan Aims to Become Key Trade and Manufacturing Hub for China | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Aug 26, 2024, 3:00 PM CDT Azerbaijan...Continue Reading

Oil Dominates the $5 Trillion Global Commodity Market | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 26, 2024, 2:00 PM CDT Oil and its products represent 30% of global commodity exports, valued at $1.5 trillion annually. The energy sector, including natural...Continue Reading

Earlier this month, state-run Nile Petroleum Corp. assumed control of PETRONAS’ oil fields and assets – effectively repossessing the Malaysian company’s investment – and announced it would seek a new partner to ensure operations continue. SourceContinue Reading

New momentum in Vaca Muerta means Argentina could export gas to Brazil as soon as next year. But instead of just importing the fuel, Petrobras would like to be involved on the production end, people familiar with the matter said. SourceContinue Reading

Looming Atlantic Current Collapse Threatens Northern Europe’s Climate | OilPrice.com Kurt Cobb Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has also appeared in The Christian Science… More Info Premium Content By Kurt Cobb – Aug 26, 2024, 1:00 PM CDT Two recent studies predict...Continue Reading

EIA Reports Increase in U.S. EV Sales After Slowdown | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 26, 2024, 12:30 PM CDT Quarter-over-quarter, the United States has seen the share of electric and hybrid vehicle sales increase by around 1%, after a decline in...Continue Reading

Demand will be high enough that failing to invest now in new oil and gas projects would be “catastrophic,” Birdsall said. Without new investment, Exxon sees oil supply falling 70% to 30 MMbpd by 2030, sending crude prices soaring and decimating the global economy. SourceContinue Reading