Crude oil inventories in the United States rose this week by 1.837 million barrels for the week ending December 22, according to The American Petroleum Institute (API), after recording a 939,000-barrel build in crude inventories in the week prior. API data shows a net build in crude oil inventories in the United States of just...Continue Reading

British Wind Power Breaks Records Despite Tough Economic Year | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Dec 27, 2023, 4:00 PM CST The UK broke...Continue Reading

Spain Confirms 2035 Nuclear Phase Out Deadline | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 27, 2023, 3:31 PM CST Spain has just confirmed that it will go ahead with plans to close all its nuclear plants by 2035, while Europe remains divided on whether nuclear...Continue Reading

Oil Prices Shed 2% As Shippers Gamble on Red Sea | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 27, 2023, 3:00 PM CST West Texas Intermediate (WTI) crude oil prices are down over 2% on Wednesday, with Brent crude closing in on similar losses...Continue Reading

China’s Low-Cost Nuclear Offer Faces Scrutiny in Kazakhstan | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Dec 27, 2023, 3:00 PM CST The Chinese proposal offers a nuclear...Continue Reading

Russia’s Arctic LNG 2 Project Faces Setback Due to US Sanctions | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Related News By Tom Kool – Dec 27, 2023, 2:30 PM CST Russia has decried U.S. sanctions targeting the country’s massive...Continue Reading

Next-Gen Hydrogen Visualization Could Accelerate Clean Energy Progress | OilPrice.com Brian Westenhaus Brian is the editor of the popular energy technology site New Energy and Fuel. The site’s mission is to inform, stimulate, amuse and abuse the… More Info Premium Content By Brian Westenhaus – Dec 27, 2023, 2:00 PM CST The new technique overcomes...Continue Reading

Iron ore futures hit a ten-month high on Monday, riding a wave of optimism from Chinese policymakers who rolled out new a fiscal stimulus package coupled with interest rate cuts at major state-owned banks. This move by Beijing is set to cushion the struggling property market. Iron ore futures in Singapore soared to the highest intra-day...Continue Reading

It looks like a step forward has been taken in the longstanding task of figuring out energy and cost efficient ways of desalinating ocean water.  According to ABC, scientists at Tianjin’s Nankai University have innovated a solar-powered desalination system that harnesses smart DNA hydrogels for freshwater production. The method was highlighted in a recent Science Advances...Continue Reading

Williams Companies Strikes $2 Billion Deal for Gas Storage Assets | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Dec 27, 2023, 12:30 PM CST Energy infrastructure company, the Williams Companies Inc. (NYSE:WMB), has agreed to acquire a portfolio of natural...Continue Reading