This week, President Biden caused a stir in the news world by once again pointing the finger at the oil industry, accusing the companies of “war profiteering” and threatening what essentially amounts…
Tag: Oil
North America leads $370 billion global push for oil and gas pipelines | OilPrice.com
This year, the United States has become the world’s largest exporter of liquefied natural gas (LNG) while deliveries to energy-starved buyers in Europe and Asia increased. During the current year, five developers…
Cenovus CEO Lashes Out at Oil & Gas Industry Critics; says industry pays billions in taxes
CALGARY – As oil and gas companies come under increasing scrutiny over how they are choosing to use their record profits in 2022, the chief executive of Cenovus Energy Inc. took aim…
Oil Shortage Forecasts Collide With Grim Economic Projections | OilPrice.com
For about two months now, signals from the oil market have pushed traders from one extreme to the other, as headwinds collide with headwinds as the global economic slowdown thwarts fears of…
How effectively can Russia circumvent the new G7 oil price cap? | OilPrice.com
The imposition of a price cap on Russian oil – being finalized last week by senior G7 government officials in Washington – is an even trickier issue than usual in the current…
Giant oil traders turn to lithium and battery technology | OilPrice.com
Breaking news: the much-vaunted boom in the commodities market is officially over. Prices for metals, energy and agriculture have all fallen since their peak in March as inflationary pressure, rising interest rates…
Canadian oil industry wants ‘on par’ with Americans on carbon capture
The Pathways Alliance, a net-zero partnership between six of Canada’s largest oil sands producers, wants “level playing field” with US carbon capture incentives. (Reuters/Todd Korol) Canada’s oil industry says government incentives to…
Is the IEA too optimistic about the energy transition? | OilPrice.com
In his latest World Energy Outlook, the International Energy Agency said that thanks to the energy crisis that is shaking the world at the moment, the demand for fossil fuels will peak,…
Euphoria for oil companies as earnings beat expectations | OilPrice.com
In what is proving to be a very impressive earnings season, nearly all of the oil majors are beating expectations and rewarding shareholders with higher dividends and share buybacks, much to the…
Record U.S. Crude Oil Exports Push Oil Prices Up | OilPrice.com
December WTI crude oil futures finished higher on Thursday, putting the market in position to close higher for the week. The bullish price action was fueled by a number of factors, including…