#oilprice.com. × Global Energy Demand Rises as Power Consumption Jumps | OilPrice.com. Global energy demand surged in 2024, nearly doubling the average growth of recent years, driven by factors including AI, data centers, industrial demand, and record-high temperatures.
#Mar.24.2025
#oilprice.com. × Iraq Plans Gas Import Terminals Amid Tighter U.S. Sanctions on Iran | OilPrice.com. Iraq is negotiating the procurement of two floating regasification terminals to replace natural gas supply from Iran, following the U.S. government's decision not to extend sanctions waivers and its re
#Mar.24.2025
#oilprice.com. × Oil Prices Start the Week With a Dip | OilPrice.com. Crude oil prices have declined at the start of the week as traders anticipate potential progress in Ukraine peace talks and await further decisions from OPEC+ regarding production levels.
#Mar.24.2025
#oilprice.com. × Sinopec Books Lower Profit for 2024 on Oil Price Slide | OilPrice.com. Sinopec reported a 16.8% decline in net profit for 2024, attributed to lower oil prices and the increasing impact of electric vehicles on fuel demand.
#Mar.24.2025
#oilprice.com. × United States Challenges China’s Mineral Dominance | OilPrice.com. The United States is actively disrupting China’s dominance in critical minerals through strategic deals, blocked acquisitions, and domestic production initiatives in the Democratic Republic of Congo an
#Mar.21.2025
#oilprice.com. × New Mexico Gambles on Higher Royalties as Oil Prices Tank | OilPrice.com. New Mexico legislators have passed a bill increasing the maximum royalty rate on oil and gas leases from 20% to 25%, a decision that has raised concerns among oil producers given the current low oil pr
#Mar.21.2025
#oilprice.com. × Trump Invokes Wartime Powers to Boost U.S. Critical Minerals Output | OilPrice.com. President Trump invoked emergency powers under the Defense Production Act to increase U.S. critical minerals production, aiming to reduce reliance on foreign powers.
#Mar.21.2025
#oilprice.com. × Kazakhstan’s Oil Output Hits Record High | OilPrice.com. India's crude oil imports are projected to reach a record high in the fiscal year ending March 31, 2025, due to increasing domestic fuel demand and stagnant domestic crude production.
#Mar.21.2025
#oilprice.com. × U.S. Firm Backed by Gates and Bezos Seeks Congo Lithium Exploration | OilPrice.com. KoBold Metals, backed by Bill Gates and Jeff Bezos, is seeking to develop a large hard rock lithium deposit in the Democratic Republic of Congo, amidst ongoing legal disputes and the country's pursuit
#Mar.21.2025
#oilprice.com. × EU Mulls Using Ukraine Gas Storage to End Slovakia Spat Over Lost Transit Fees | OilPrice.com. The European Commission is exploring a plan to have Ukraine increase natural gas imports from Greece and Turkey for storage and winter delivery to EU countries via Slovakia, aiming to resolve a transit
#Mar.21.2025
#oilprice.com. × India’s Oil Import Dependence Hits All-Time High | OilPrice.com. India's crude oil imports are projected to reach a record high in the fiscal year ending March 31, 2025, due to increasing domestic fuel demand and stagnant domestic crude production.
#Mar.21.2025
#oilprice.com. × Germany Seizes Oil Tanker Belonging to Russia’s Shadow Fleet | OilPrice.com. Germany has seized the Russian shadow fleet oil tanker Eventin, along with its cargo of 100,000 tons of crude oil, after it was found adrift in the Baltic Sea.
#Mar.21.2025
#oilprice.com. × Transition Investors Pile Into Buyers’ Market for Wind and Solar | OilPrice.com. Investors are capitalizing on the recent slump in energy transition stock valuations, viewing wind, solar, and battery storage companies as attractive bargains due to strong underlying fundamentals.
#Mar.21.2025
#oilprice.com. × Trump Admin Forges Ahead With Alaska Energy Plans | OilPrice.com. The Trump administration is advancing its energy dominance agenda by opening up more of Alaska's National Petroleum Reserve and removing restrictions on LNG infrastructure to boost oil and gas producti
#Mar.21.2025
#oilprice.com. × Crude Set for Weekly Rise on OPEC+ Supply Control | OilPrice.com. Crude oil prices are set for another weekly gain, driven by new U.S. sanctions on Iran's energy industry and OPEC+ efforts to control production.
#Mar.21.2025
#oilprice.com. × Europe’s Oil Majors Scale Back Climate Ambitions | OilPrice.com. Europe’s oil and gas giants are increasingly scaling back their climate goals as they struggle to deliver on their ambitious clean energy pledges.
#Mar.20.2025
#oilprice.com. × Turkey Given U.S. Sanctions Waiver Extension to Pay for Russian Gas | OilPrice.com. Turkey has received a three-month extension of the U.S. sanctions waiver, allowing it to continue paying for Russian natural gas imports through the sanctioned Gazprombank.
#Mar.20.2025
#oilprice.com. × U.S. Natural Gas Prices Tank on Inventory Build, Lower Demand | OilPrice.com. U.S. natural gas prices fell on Thursday after the EIA reported a larger-than-expected inventory build coupled with forecasts for milder weather and less demand next week
#Mar.20.2025
#oilprice.com. × Taiwan Signs Up for Alaska LNG Export Project | OilPrice.com. Taiwan's CPC Corporation has signed a letter of intent to invest in and purchase LNG from the Alaska LNG export project, aiming to enhance its energy security and diversify its gas supply.
#Mar.20.2025
#oilprice.com. × Germany and France Seek More Flexible EU Gas Refill Targets | OilPrice.com. Germany and France, along with other EU member states, are advocating for more flexibility in the bloc's 90% gas storage target to mitigate price spikes and market speculation.
#Mar.20.2025
#oilprice.com. × Trump May Extend Chevron’s Venezuela License | OilPrice.com. President Trump is considering extending Chevron's sanction waiver for Venezuela, which he previously allowed to lapse, amidst concerns about China's growing influence in the country's oil industry and
#Mar.20.2025
#oilprice.com. × UK Fast-Tracks $5-Billion in Grid Infrastructure Investments | OilPrice.com. Ofgem has approved a new set of rules granting early access to nearly $5.18 billion for crucial transmission equipment and services, aimed at accelerating the connection of renewable energy projects to
#Mar.20.2025
#oilprice.com. × Germany’s RWE Slashes Green Energy Investments by $11 Billion | OilPrice.com. RWE is reducing its investment program for low-carbon energy projects by $10.9 billion due to increasing uncertainties surrounding renewable energy policies and profitability.
#Mar.20.2025
#oilprice.com. × Activist Investor Follow This Seeks Vote Against BP Chair Over Strategy Reset | OilPrice.com. Follow This, an activist investor in BP, is seeking a vote against the reappointment of the company's chair, Helge Lund, due to BP's decision to refocus on oil and gas without shareholder consultation.
#Mar.20.2025
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