Crude oil prices were set for a weekly decline today, following a report that OPEC+ was planning to add another 411,000 barrels daily to its output in July in an extension of its accelerated rollback of output controls. At the time of writing, Brent crude was trading at $64.06 per barrel, with West Texas Intermediate...Continue Reading

China Is on Its Way to Becoming World’s First ‘Electrostate’ | 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 – May 22, 2025, 7:00 PM CDT China leads the world in electrification, with a 30% electrification rate—far ahead of the...Continue Reading

Trump Tariffs and Low Oil Prices Hit U.S. Energy Deals Hard | 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 22, 2025, 6:00 PM CDT After a record two years, U.S. oil...Continue Reading

China Tightens Grip on Critical Metals Despite Global Diversification Drive | 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 22, 2025, 5:00 PM CDT China now refines 19 out of...Continue Reading

U.S. Resists EU Push to Lower Russian Oil Price Cap | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 22, 2025, 4:30 PM CDT Turns out Washington isn’t buying what Brussels...Continue Reading

Record Oil Output Positions Argentina as a Key Energy Player | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – May 22, 2025, 4:00 PM CDT Argentina’s Vaca...Continue Reading

China’s Oil Demand to Peak Within 5 Years as India’s Continues to Climb | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 22, 2025, 3:01 PM CDT China’s decades-long reign as the world’s top oil demand driver is nearing its end, according to new research...Continue Reading

$60 Oil Puts Big Oil’s Record Payouts at Risk | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – May 22, 2025, 3:00 PM CDT Record cash has...Continue Reading

TotalEnergies is preparing to begin offshore drilling in South Africa in 2026, pending final regulatory approvals, according to Mike Sangster, the company’s SVP for Africa Exploration & Production, who recently emphasized TotalEnergies’ multi-energy strategy at the Invest in African Energy Forum in Paris. SourceContinue Reading

Solar Stocks Plunge as Congress Targets Tax Credits | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 22, 2025, 2:00 PM CDT The House passed a bill 215-214 that eliminates key clean energy tax credits (48E and 45Y) for non-nuclear projects after...Continue Reading