News from Oil Price
We’ve assigned a rating of mixed factuality to Oil Price. You can read more about how we’ve determined Oil Price’s credibility and reliability as a news source here: https://ground.news/rating-system.
Information about Oil Price
Where is Oil Price located?London, United KingdomOil Price's WebsiteOil Price's TwitterMedia Bias Ratings
Do you diasgree?
Edit bias
Learn more about Media Bias Ratings.
Ownership
Learn more about Ownership categories.
Top Oil Price News
Latest News Stories
Oil and Gas Sector · United StatesOil prices have recorded the biggest weekly decline in three months thanks in large part to challenging economic indicators and growing demand concerns. Last week, U.S. crude inventories posted an unexpected rise, with the American Petroleum Institute (API) reporting a build of 4.91 million barrels, a sharp contrast from the anticipated decrease of 1.1 million barrels. This build has come after reports that U.S. crude production surged to 13.15 …See the Story
Oil Demand Likely To Surprise To The Upside
100% Center coverage: 1 sources
Sanctions · PyongyangThe United States says Russia is violating UN-imposed limits on total shipments of fuels to North Korea, signaling it is preparing more sanctions against entities involved in facilitating Pyongyang's access to petroleum products above the UN-mandated levels. The UN Security Council has imposed a limit of 500,000 barrels of annual supply of all refined petroleum products to the Democratic People's Republic of Korea (DPRK), as North Korea is of…See the Story
U.S. Accuses Russia of Breaking U.N. Sanctions on Fuel Shipped to North Korea
100% Center coverage: 1 sources
The Race for Green Hydrogen Dominance is Heating Up
100% Center coverage: 1 sources
United States · United StatesLast year marked a record for U.S. oil production with an average daily production of 12.93 million barrels per day (BPD). That record was 5% greater than the previous record of 12.31 million bpd set in 2019. However, current data from the Energy Information Administration (EIA) shows that average daily production thus far in 2024 is 13.12 million bpd — 7.1% ahead of the production level of a year ago and 1.4% higher than last year’s record pace…See the Story
U.S. Oil and Gas Production Continues to Shatter Records
100% Center coverage: 1 sources
Texas, United States · TexasNatural gas markets have recorded a sharp spike in the current week with Henry Hub prices jumping 24% to $2.06/MMBtu as Europe mulls cutting off more Russian gas. Last month, EU energy chief Kadri Simson signaled that the EU executive has "no interest" in pushing Kyiv to renew its 5-year contract with Moscow, responsible for the supply of ~5% of Europe’s gas. TotalEnergies (NYSE:TTE) CEO Patrick Pouyanne has predicted that natural gas and LNG pr…See the Story
The Eagle Ford Is Turning Into A Natural Gas Haven
100% Center coverage: 1 sources
G7 · United StatesThe United States, the UK, Italy, France, Japan, Germany, and Canada this week struck an agreement to end the use of coal for power generation by 2035. The news was lauded by some in the green lobby while others, namely Greenpeace, called it “too little, too late”. Now, the biggest question is whether the G7 will turn words into actions—or rather, can it? Coal as a source of power generation across the G7 economies accounted for about 15% of the…See the Story
G7 Agrees To End Coal Use But Can It?
100% Center coverage: 1 sources
TaxesImposing a tax on big fossil fuel companies could boost climate finance by up to $900 billion by the end of the decade. The International Energy Agency (IEA) has repeatedly emphasized the need for higher levels of climate funding to meet global climate goals and achieve a green transition, but finding this money is not so easy. A recent report has potentially identified a way to raise funds to develop the renewable energy capacity of low-income …See the Story
Taxing Fossil Fuel Giants Could Generate $900 Billion
100% Center coverage: 1 sources
Kremlin · RussiaIt seems that the Kremlin is having a hard time accepting that Russia is playing second fiddle to China when it comes to trade in Central Asia. The reluctance of Russian officials to acknowledge trade reality was on display at a late April trade fair, held in the Uzbek capital Tashkent. In a speech at the exhibition, Igor Kamynin, Russia’s deputy trade representative, claimed, at least in the case of Uzbekistan, that Russia and China were "equal…See the Story
Russia's Trade Rivalry With China in Central Asia is Heating Up
100% Center coverage: 1 sources