The Latest

First Pacific Ocean Wind Energy Auction Racks up $757 Million in Winning Bids

The provisional winners are expected to set the course for commercial-scale floating wind projects in deepwater off the California coastline.

December 7, 2022

Oil Gives Up the Year's Gains, Closing at 2022 Low

Prices plunged despite a decision by China, the world's biggest crude importer, to make sweeping changes to its anti-COVID regime.

December 7, 2022

Opinion: The Texas Grid Is Still Not Fixed

The immediate future for the ERCOT grid is not bright and as more wind and solar is added to the grid, Texas will rely more and more on aging coal and natural gas power.

December 7, 2022

G7 Russian Oil Price Cap Evolves From Revenue Squeeze to Market Anchor

Russian oil price cap could cause Moscow to curtail production, raising prices and potentially diminishing western support for Ukraine. 

December 7, 2022

US Natgas Futures Rise 3% on Colder Weather Forecasts

Colder weather forecasts leading to an increased demand for heat prompted natural gas futures in the U.S. to rise.

December 7, 2022

Venezuela's PDVSA, Chevron to Address Joint Venture Workers After License

Venezuelan President Nicolas Maduro recently said that Chevron "will soon be producing and the oil reaching markets worldwide" at PDVSA's headquarters.

December 7, 2022

Russia's Output Up 2% Ahead of EU Ban, Price Caps

Company sources said that Russian oil output could fall by 500,000 to 1 MMbbl/d in 2023 after the EU ban.

December 6, 2022

White House to Ask Oil and Gas Execs to Support Ukraine Energy Infrastructure

The question arises as Russia targets Ukrainian energy assets during harsh winter conditions.
 

December 6, 2022

Expert: OPEC’s Production Hold Reveals Shift from Active to Reactive

Oil cartel will take its time to evaluate impact of the EU’s ban on seaborne imports and the G7’s $60/bbl price cap for Russian crude.

December 6, 2022

Oil Falls Over 3% Amid Fears More Fed Interest Rate Hikes Coming

Russian oil caps, OPEC+ inertia and new data challenges hopes that the Fed might slow the pace and intensity of its rate hikes

December 6, 2022