OilPrice.com

While the energy transition is undoubtedly underway, the EIA believes oil and gas will continue to dominate the U.S. energy mix in 2050 as population and economic growth boost energy demand. Electric...

In what is sure to be one of the wildest weeks ever in oil markets, Brent has traded in a record-breaking $33 range as uncertainty reigns. Oil prices soared past $130 at the start of the week after...

Oil price volatility has spiked since Russia invaded Ukraine, highlighting how the world relies on oil and gas and how supply disruptions can lead to economic disaster. While Biden has called on the...

By David MesslerBiden’s decision to ban Russian oil imports to the U.S. had a predictable effect on oil prices, but the long-term impact on the U.S. oil industry is less clear. While the volume...

Oil is now holding near its highest level since 2008. Consumers and industries alike are beginning to feel the sting. Some analysts are predicting that sustained high oil prices could result in demand...

Russia’s invasion of Ukraine has sent natural gas prices into the stratosphere. Now, Europe is racing to reduce its reliance on Russian energy, and the United States is ready and willing to lend...

Kpler: U.S. shale cannot come to the rescue of the increasingly tightening global oil market. A shortage in workers, trucks, sand and completions equipment is constraining production in the shale...

After topping a record $3,400 an ounce overnight Sunday on Russian embargo fears, June palladium futures pulled back slightly early on Monday after further weighing the extent of potential supply...

Oil prices soared to over $130 on Sunday on rumors that the U.S. and its European allies would ban Russian crude. One of the many misunderstood parts of the oil market is that not all oil is the same,...

Crude oil prices remained elevated Wednesday after the U.S. Energy Information Administration reported crude oil inventories had shed 2.6 million barrels in the week ending Feb. 25.This compared with...

By Charles KennedyRussian oil and gas giants on the LSE have seen their stock prices implode following the Russian invasion of Ukraine. Shares in Rosneft, Gazprom (MCX:GAZP), Lukoil, and...

Oil and gas supermajors are pulling the plug on Russian energy projects despite massive costs. The West has remained reluctant to sanction Russia’s energy sector, fearing a worsening energy...

By Alex KimaniRussia’s decision to invade Ukraine was originally met with a relatively tepid response from world leaders, but now sanctions are intensifying with key Russian banks being banned...

U.S. State Department official: The sanctions that are being imposed today, as well as that could be imposed in the near future, are not targeted and will not target oil and gas flows. None of the...

The already priced-in geopolitical risk premium is probably more than $10 per barrel. An imminent Iran nuclear deal could send oil prices down to the low $90s or even below $90. An Iran agreement, a...

Oil prices spiked towards $100 on Monday as rumors of Russia invading Ukraine spread, and sentiment only seems to be getting more bullish. Even OPEC members are worried about an out-of-control oil...