#oilprice.com. × Former IEA Official Slams Agency for “Energy Delusions” | OilPrice.com. A new report co-authored by a former IEA executive accuses the agency of producing biased and "dangerously wrong" energy forecasts due to its focus on promoting the energy transition.
#Jan.30.2025 ×
#oilprice.com. × North Dakota Native Landowners Seek Changes To Oil Tax Sharing | OilPrice.com. Native American landowners in North Dakota are pursuing changes to a historic oil and gas tax sharing agreement struck earlier between their tribal government and the state
#Jan.29.2025 ×
#oilprice.com. × Suriname’s Economy Forecast To Grow 55% In 2028 With First Oil | OilPrice.com. Suriname’s GDP will expand at a brisk 55% annual clip in 2028 when offshore block 58 comes online, the IMF has predicted
#Jan.29.2025 ×
#oilprice.com. × U.S. Upstream Oil & Gas M&A Hit $105 Billion In 2024 | OilPrice.com. Mergers and acquisitions in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third-highest annual total ever, energy analytics firm Enverus has revealed.
#Jan.29.2025 ×
#oilprice.com. × Development Banks Have $56-Billion Plan to Boost Africa’s Access to Electricity | OilPrice.com. International lenders have pledged an additional $8 billion to support a $48 billion World Bank and African Development Bank project aimed at bringing electricity to 300 million Africans by 2030.
#Jan.29.2025 ×
#oilprice.com. × Ukraine Drones Hit Second Russian Oil Refinery in Less Than a Week | OilPrice.com. Ukraine has conducted another drone strike on a major Russian oil refinery, the second such attack in less than a week.
#Jan.29.2025 ×
#oilprice.com. × Europe’s Strictest ESG Funds Hit by Record Outflows | OilPrice.com. Investors withdrew a record amount of money from the EU's most stringent ESG funds due to poor returns.
#Jan.29.2025 ×
#oilprice.com. × Big Oil Set to Book Lowest Quarterly Profits in Three Years | OilPrice.com. The top five international oil and gas companies are projected to report their lowest quarterly earnings in three years due to lower oil and gas prices, weaker trading, and declining margins.
#Jan.29.2025 ×
#oilprice.com. × Shell Leads the $1.4-Billion Carbon Credits Market | OilPrice.com. Shell is the top buyer of carbon credits in the voluntary market, outpacing other energy and tech giants in offsetting emissions.
#Jan.29.2025 ×
#oilprice.com. × Lower Wind Generation in Germany Raises European Power Prices | OilPrice.com. A prolonged period of low wind speeds in Germany has significantly reduced wind power generation, leading to increased electricity prices and a greater reliance on fossil fuels.
#Jan.29.2025 ×
#oilprice.com. × Oil Prices Remain Under Pressure After NOC Alleviates Libya Supply Fears | OilPrice.com. Oil prices stabilized after a brief jump due to a threat to Libyan oil exports, but uncertainty remains due to potential US tariffs on Canada and Mexico.
#Jan.29.2025 ×
#oilprice.com. × EU Considers Russian Aluminum Ban | OilPrice.com. The European Union is considering a ban on Russian aluminum imports, along with other sanctions, but faces growing opposition from some member states.
#Jan.29.2025 ×
#oilprice.com. × Mexico Proposes Public-Private Power Partnerships | OilPrice.com. A proposed bill in Mexico would allow public-private partnerships in the power sector, but only if the state-owned utility CFE controls at least 54% of the venture.
#Jan.29.2025 ×
#oilprice.com. × Crude Inventories Rise With Mixed Results For Fuel Inventories | OilPrice.com. In 2024, crude oil inventories dropped by more than 12 million barrels, according to the API’s inventory data, with the downward trend continuing beyond the new year.
#Jan.28.2025 ×
#oilprice.com. × Russia Tests Sanctions with Oil Shipments to India | OilPrice.com. Despite the latest round of sanctions by the US Treasury, Russia has managed to keep its four-week rolling average oil shipments fairly steady over the seven-day period to January 26
#Jan.28.2025 ×
#oilprice.com. × Nigeria To Attract $15 Billion From Private Investors To Prop Up Power Sector | OilPrice.com. Nigeria is taking bold steps to revive its faltering power sector, aiming to attract $15 billion in private investments while keeping its most vulnerable citizens in mind
#Jan.28.2025 ×
#oilprice.com. × U.S. Fracking Services Sector Braces Itself for Lower Demand | OilPrice.com. For 2025, Halliburton expects its North American market to see lower activity compared to the end of 2024.
#Jan.28.2025 ×
#oilprice.com. × U.S. Grid Investments Jump as AI Leads Power Demand Surge | OilPrice.com. US utilities are investing billions in power transmission and grid upgrades to meet the rising electricity demand driven by AI, data centers, and other factors.
#Jan.28.2025 ×
#oilprice.com. × China Appears to Build Giant Nuclear Fusion Research Site | OilPrice.com. Satellite images suggest China is building a massive fusion research facility, larger than its US counterpart, potentially serving both clean energy research and nuclear weapons development.
#Jan.28.2025 ×
#oilprice.com. × Soaring Tanker Costs Stall Russian Oil Trade in Asia After US Sanctions | OilPrice.com. New U.S. sanctions on Russian oil exports have caused tanker rates to surge and trade to freeze as shippers scramble for non-sanctioned vessels.
#Jan.28.2025 ×
#oilprice.com. × Global LNG Imports Set to Hit One-Year High as Europe Outbids Asia | OilPrice.com. Global LNG imports are rising, driven by strong demand in Europe which is drawing cargoes away from a tepid Asian market.
#Jan.28.2025 ×
#oilprice.com. × US Court to Re-Launch Auction for Oil Refiner Citgo Seeking Higher Offers | OilPrice.com. A US court has ordered a re-auction of Venezuela's PDV Holding, the parent company of Citgo, after creditors rejected a previous bid as too low.
#Jan.28.2025 ×
#oilprice.com. × Germany’s Imports of Russian LNG From Other EU Ports Jump | OilPrice.com. Despite a de facto ban on direct imports of Russian LNG, Germany is importing significant volumes of Russian gas via France and Belgium.
#Jan.28.2025 ×
#oilprice.com. × Sinopec to Boost Refining Rates by 100,000 Bpd in February | OilPrice.com. Sinopec, China's largest refiner, plans to increase its refinery run rates to meet travel demand during the Lunar New Year and to build inventories before planned maintenance shutdowns.
#Jan.28.2025 ×
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