By Editorial Dept – May 31, 2024, 7:00 AM CDT This week saw the Iran-backed Houthis expand their reach, hitting six vessels in three seas, the Red Sea, the Arabian Sea, and the Mediterranean Sea. Prior to this, the Houthis had not managed to reach as far as the Mediterranean, which is a rather troubling...Continue Reading

OPEC+ Expected to Extend Oil Production Cuts | 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 – May 31, 2024, 6:00 AM CDT The OPEC+ group is likely to roll over their...Continue Reading

U.S. Drivers Overwhelmingly Prefer Gasoline Cars to EVs | 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 – May 31, 2024, 5:07 AM CDT Americans continue to be fans of gasoline-powered vehicles...Continue Reading

Democrats Call for Probe Into Allegations of Oil Industry Collusion | 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 31, 2024, 3:34 AM CDT A group of 22 Democratic Senators led by...Continue Reading

Russia’s Largest Oil Company Reports Doubling in Q1 Net Profit | 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 31, 2024, 2:30 AM CDT Russia’s Rosneft, the largest crude oil producer in...Continue Reading

Oil Prices Set for a Weekly Decline as Futures Market Swings Into Contango | 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 31, 2024, 1:34 AM CDT Crude oil prices extended a...Continue Reading

Sanctions and Missile Attacks Are Hindering Efforts to Cut Shipping Emissions | OilPrice.com Premium Content By Editorial Dept – May 30, 2024, 7:00 PM CDT Sanctions on Iran, Venezuela, and Russia are forcing these countries to use a growing shadow fleet of oil tankers. The rerouting of ships around Africa due to the Red Sea...Continue Reading

Kenya’s Ambitious Plan to Become a Clean Tech Hub | 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 30, 2024, 6:00 PM CDT Kenya boasts nearly 90% renewable energy in...Continue Reading

The loan for the Scarborough project, which is scheduled to deliver its first LNG shipment in 2026, will come from the Japan Bank for International Cooperation. The public financial institution has stepped-up efforts to secure LNG, including granting loans for fuel purchases. SourceContinue Reading

Biofuels Aren’t Going To Replace Conventional Jet Fuel Anytime Soon | 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 30, 2024, 5:00 PM CDT SAF production is well off track to replace traditional jet fuels in time to...Continue Reading