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Indian energy companies are interested in expanding into Venezuelan oil, New Delhi’s top energy official Hardeep Singh Puri said today at a meeting with Venezuela’s interim president Delcy Rodriguez i
OilPrice.com • Fri, 05 Jun 2026 02:44:49 -0500
Japan's government is making long-term plans for replacing up to a dozen nuclear reactors by 2050, to secure its electricity supply, with two to five of these to be rebuilt by the 2040s, the country's
OilPrice.com • Fri, 05 Jun 2026 01:35:54 -0500
Media reports about a blast disrupting oil loadings at Oman’s main terminal pushed benchmark prices higher earlier today, in the latest sign that any hopes about an end to Persian Gulf hostilities is
OilPrice.com • Fri, 05 Jun 2026 00:26:21 -0500
North Dakota’s elected officials are pushing hard to deploy Enhanced Oil Recovery (EOR) technologies to boost oil production in the Bakken before Donald Trump's tenure as president expires. The Trump
OilPrice.com • Thu, 04 Jun 2026 19:00:00 -0500
South America has raised its oil exports more than the U.S. has done so far this year as key producers in the region boosted production and shipments to a world scrambling for crude that’s not depende
OilPrice.com • Thu, 04 Jun 2026 18:00:00 -0500
The possibility of Iran developing a nuclear weapon is now higher than it was before the United States and Israel first attacked the country in February, the International Atomic Energy Agency has con
OilPrice.com • Thu, 04 Jun 2026 17:00:00 -0500
Brazil is undertaking a major biofuels experiment that could be majorly disruptive for the global energy landscape if it proves effective. The South American country is filthy rich in biomass, and is
OilPrice.com • Thu, 04 Jun 2026 16:00:00 -0500
The US has recently launched a new battery production line, which is expected to help researchers develop safer and cheaper energy storage technologies for the electric grid. The new line is housed at
OilPrice.com • Thu, 04 Jun 2026 15:00:00 -0500
Iran's oil exports fell to their lowest level in at least six years in May as the U.S. naval blockade continued to choke off crude shipments and leave tens of millions of barrels stranded at sea. Acco
OilPrice.com • Thu, 04 Jun 2026 14:30:00 -0500
When the US removed Nicolás Maduro from power in Venezuela, the expectation was collapse. It has not come. The removal of a long-serving head of state is almost always followed by economic chaos. Foll
OilPrice.com • Thu, 04 Jun 2026 14:00:00 -0500
Tether, the world's largest stablecoin issuer, has announced a major investment in Georgia and plans to launch GEL?, a digital token pegged one-to-one to the Georgian lari, a currency used only within
OilPrice.com • Thu, 04 Jun 2026 13:00:00 -0500
The United States still feels oil shocks. It just doesn't feel them the way it did when America was dancing to disco and waiting in gas lines. If the Fed is right, the idea that every oil shock leads
OilPrice.com • Thu, 04 Jun 2026 12:30:00 -0500
Gold saw a significant price rally over the course of 2025, after geopolitical uncertainty and heightened central bank buying drove more people to the safe haven asset. Gold prices rallied 44 per cent
OilPrice.com • Thu, 04 Jun 2026 12:00:00 -0500
Africa's biggest refinery is getting bigger. Nigeria's Dangote refinery has started work on a second crude processing unit that will add another 700,000 barrels per day (bpd) of capacity, putting the
OilPrice.com • Thu, 04 Jun 2026 11:30:00 -0500
South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) has won a $1.4-billion deal with Saudi oil giant Aramco to build and operate Phase 2 of Saudi Arabia’s Jafurah cogeneration power pla
OilPrice.com • Thu, 04 Jun 2026 10:30:00 -0500
As the Pentagon’s 2027 ban on Chinese-origin rare earth materials moves closer, REalloys (NASDAQ: ALOY) is locking down exclusive control of the biggest heavy rare earth metallization systems outside
OilPrice.com • Thu, 04 Jun 2026 10:20:00 -0500
There are over 100 new gas fired power stations under construction in the US. The US Energy Information Administration (EIA) projects that domestic gas demand will rise 6% next year as some of those
OilPrice.com • Thu, 04 Jun 2026 10:00:00 -0500
Russia's crude oil production has declined since the beginning of the year as a number of local refineries are under unscheduled repairs and maintenance, Russia's Deputy Prime Minister Alexander Novak
OilPrice.com • Thu, 04 Jun 2026 09:30:00 -0500
Venezuela’s oil exports inched up from April to hit a fresh seven-year high in May as shipments to the United States and India continued to rise. Venezuela exported an estimated 1.25 million barrels p
OilPrice.com • Tue, 02 Jun 2026 06:30:00 -0500
The oil price rally lost steam after President Donald Trump’s diplomatic efforts to de-escalate tensions in Lebanon calmed commodity markets, pushing global oil prices lower and allowing crude to ease
OilPrice.com • Tue, 02 Jun 2026 05:30:00 -0500
India’s inflation is set to accelerate to 4.8% in the fiscal year 2027, if oil prices average $90 per barrel through March next year, Indian wealth and asset manager 360 ONE Capital said in a report o
OilPrice.com • Tue, 02 Jun 2026 04:30:00 -0500
China imported 4.9 million tons of liquefied natural gas last month, a slight increase on an annual basis, Bloomberg reported today, citing shipping data. The rebound comes ahead of a likely jump in e
OilPrice.com • Tue, 02 Jun 2026 03:30:00 -0500
Union workers at the Ichthys LNG project in Australia have started limited industrial action at the facility, threatening broader work suspension unless the wage dispute with employers is resolved soo
OilPrice.com • Tue, 02 Jun 2026 02:30:00 -0500
Tighter petroleum product supply resulting from the Strait of Hormuz crisis will keep refining margins significantly higher throughout 2026, Goldman Sachs has forecast, with diesel margins especially
OilPrice.com • Tue, 02 Jun 2026 00:41:47 -0500
Oil and gas traffic via the Strait of Hormuz may never go back to pre-war levels if Iran cements its hold over the chokepoint. The warnings come from several unrelated sources as the war continues to
OilPrice.com • Mon, 01 Jun 2026 19:00:00 -0500
In just seven years, Guyana has become one of the fastest-growing oil exporters and global economies and an oil-producing powerhouse with nearly 1 million barrels per day of production capacity. And t
OilPrice.com • Mon, 01 Jun 2026 17:00:00 -0500
Green hydrogen has been hyped as a silver bullet solution to decarbonize hard-to-abate sectors like steelmaking and industrial shipping for decades now. It can be combusted at high heats like fossil f
OilPrice.com • Mon, 01 Jun 2026 16:00:00 -0500
Can it be real? Utility stocks offer a super combination of high dividends, steady growth, and potential total returns that exceed the cost of capital? All that with captive customers and the governme
OilPrice.com • Mon, 01 Jun 2026 15:00:00 -0500
Turkey and Azerbaijan are looking to create an electricity corridor to boost energy connectivity between Azerbaijan and southeast Europe, Turkish Minister of Energy and Natural Resources, Alparslan Ba
OilPrice.com • Mon, 01 Jun 2026 14:30:00 -0500
For the past several years, Europe’s industrial debate has been dominated by a single word: decline. Factories are closing. Energy prices remain structurally higher than in competing regions. Germany’
OilPrice.com • Mon, 01 Jun 2026 14:00:00 -0500
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