Raw Material Supply Crunch Hits U.S. Shale Oil | 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 – Jun 07, 2021, 10:00 AM CDT As the prices of steel, cement and other raw materials...Continue Reading

EU Approves $21B Green Transition Fund | 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 Related News By Tsvetana Paraskova – Jun 07, 2021, 9:30 AM CDT The 27 members of the European Union approved on Monday...Continue Reading

World’s Largest Oil Trader: OPEC+ Rules Oil Markets | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jun 07, 2021, 9:00 AM CDT OPEC+ is gaining the upper hand as a trendsetter on global oil markets, Vitol’s head of operations for Asia, Mike Muller, said as...Continue Reading

WTI Price Breaks $70 For First Time Since 2018 | 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 – Jun 07, 2021, 8:00 AM CDT West Texas Intermediate hit the highest since 2018 at...Continue Reading

Energy giant BP sees a strong recovery in global crude demand and expects it to last for some time, with U.S. shale production being kept in check, according to CEO Bernard Looney. SourceContinue Reading

Renewables Was Sole U.S. Energy Source With Rising Consumption In 2020 | 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 Related News By Tsvetana Paraskova – Jun 07, 2021, 7:30 AM CDT Renewables were the only energy...Continue Reading

The Deepwater Atlas and Deepwater Titan are the world’s first eighth generation ultra-deepwater drillships, and the only rigs to feature a 3,000,000 pound hook-load. These drillships will include the offshore industry’s first 20,000 psi well control systems. SourceContinue Reading

The decline in U.S. drilling and output leaves little competition to OPEC’s efforts to manage markets, Mike Muller, Vitol’s head of Asia, said during an online conference on Sunday. Brent crude closed above $70 a barrel last week for the first time in two years, as buyers demand more oil than producers are pumping. SourceContinue Reading

New Renewable Fuel Might be 3 Times More Powerful Than Gasoline | OilPrice.com By Paulie Jessop – Jun 06, 2021, 8:00 PM CDT The U.S. Department of Energy is now backing continued research of an incredible fuel that has up to three times the energy content of gasoline. More importantly, it could be the only...Continue Reading

Forget Activism: Chronic Underperformance Is Big Oil’s Biggest Problem | 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 – Jun 06, 2021, 7:00 PM CDT Just last week, some of the world’s largest integrated energy companies faced the wrath of...Continue Reading