Hungary told its European Union counterparts that it will cost at least 770 million euros ($810 million) to revamp its oil industry as they wrangle over potential sanctions that would target Russian supplies. SourceContinue Reading

Shell’s Brazil Wells Come Up Dry | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 17, 2022, 8:30 AM CDT Three exploration wells that Shell has drilled in Brazil in hopes of...Continue Reading

Oil Hits Eight-Week High Amid Hopes Of Recovering Chinese Demand | 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 – May 17, 2022, 8:30 AM CDT WTI and Brent benchmarks rose above...Continue Reading

Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65 | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – May 16, 2022, 7:00 PM CDT...Continue Reading

The Real Reason Gasoline And Diesel Prices Are So High | OilPrice.com David Messler Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… More Info Premium Content By David Messler – May 16, 2022, 6:00 PM CDT Fuel prices...Continue Reading

Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. SourceContinue Reading

Is Energy Security More Important Than Climate Change? | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – May 16, 2022, 5:00 PM CDT Europe is racing to build new LNG import terminals as...Continue Reading

Energy Prices Soar As The UK Battles A Cost-Of-Living Crisis | 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 – May 16, 2022, 4:00 PM CDT In April, the UK increased the...Continue Reading

Europe’s Economic Outlook Is Looking Bleaker By The Day | 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 – May 16, 2022, 3:00 PM CDT Russia’s invasion of...Continue Reading

Political Crisis Could Thwart Georgia’s Bid For EU Membership | 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 – May 16, 2022, 2:00 PM CDT Georgia may be facing an...Continue Reading