Energy Industry News
Home | Energy News | Submit Press Release | About Us


Free Utility & Energy Magazines
Press release distribution service

Energy Media
AltEnergyMag
Clean Energy Report
Colorado Energy News
Energy: MIT Tecnology Review
Energy Business Review
Energy Cities
EUROPA
Fuel Fix
Financial Times
Interfax Energy
Green Energy Times
News York Times
NBC News
NPR
Oil & Gas Investor
Oil Price
Platt
PennEnergy
Reuters
RechargeNews
Resilience
Science Daily
Renewable Energy World
Renewable Energy Transportation
The Daily Energy Report
The Energy Daily

Oil Price News Headlines

OilPrice.com Daily News Update
All the latest in Oil, Gas, Commodity news and analysis

Conflict In Gaza Threatens U.S. Middle East Strategy
by Simon Watkins
14 May 2021 at 3:00pm
The starting point for all sound intelligence analysis of a particular action is to identify who gains from it and what it is that they gain. As the new tit-for-tat conflict between Israel and Palestine continues to escalate such analysis reveals the following: overall Palestine will gain nothing except sympathy from already sympathetic supporters, Israel will gain nothing although it may bolster the flagging domestic support for Prime Minister Benjamin Netanyahu, but those countries that want to destroy the nascent U.S.-Israeli-led ?relationship?

UK Climate Boss: World Must End Coal To Save Planet
by Charles Kennedy
14 May 2021 at 12:30pm
The world needs to ditch coal in order to tackle climate change and save the planet, former UK business secretary Alok Sharma, who is now president for this year?s global climate summit COP26, said on Friday. In a speech in Glasgow, the city that will host the 26th United Nations Climate Change Conference in November, Sharma stressed the need to end coal power to tackle climate change and noted that the summit is the world?s ?best chance? of limiting rising global temperatures to 1.5 degrees Celsius. COP26 will bring together?

Oil Prices Rebound As Global Oil Glut Drains
by Tom Kool
14 May 2021 at 12:00pm
Oil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA did revise its demand projection downward.For more great energy content, make sure you subscribe to the Oilprice youtube channel for breaking news and analysis.Friday, May 14th, 2021Oil prices rebounded on Friday after a midweek selloff. Neither the bullish nor bearish narratives are taking hold at the moment, and Brent crude is trading in the upper-$60s.Colonial pipeline restarts. The Colonial Pipeline restarted product?

China Cracks Down On Tax Loopholes In Blending Fuels Imports
by Tsvetana Paraskova
14 May 2021 at 11:30am
Chinese authorities are looking to ease the domestic fuel glut and reducing pollution by heavily taxing as of June the imports of several kinds of blending fuels which are being used by refiners to produce lower-quality fuels. As of June 12, China will impose a consumption tax on imported light cycle oil (LCO), mixed aromatics, and diluted bitumen, seeking to close a tax loophole that refiners have so far used to import cheap blending fuels for making gasoline and other fuels. ?A small number of companies have imported record amounts?

Russia Has Oil Reserves At Least Until 2080
by Tsvetana Paraskova
14 May 2021 at 11:00am
Russia?s oil reserves will last until 2080 at the current pace of annual production, Natural Resources Minister Alexander Kozlov told Russian outlet RBC in an interview this week. Russia also has natural gas reserves for another 103 years of annual production at current output levels, the minister said. Russia?s actual oil and gas reserves could even rise if it steps up exploration in hard-to-drill areas, the minister added, noting that Russia needs to develop exploration, including in hard-to-reach areas. Last month, Evgeny Kiselev,?

U.S. Oil Rig Count Soars As WTI Recovers
by Julianne Geiger
14 May 2021 at 10:12am
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 5 this week, bringing the total rig count to 453. In the week prior, the U.S. oil and gas rig count increased by 8. The total number of active oil and gas drilling rigs in the U.S. is now 114 more than this time last year. The oil rig count increased by 8 this week, bringing the total oil rig count to 352 this week. The number of gas rigs decreased by 3 to 100. The number of miscellaneous rigs stayed the same. The EIA?s estimate for oil production?

Rosneft Swings BackTo Profit In Q1 2021
by Irina Slav
14 May 2021 at 9:30am
Rosneft reported a net profit of $2 billion (149 billion rubles) for the first quarter of the year, up from a loss of $2.11 billion (156 billion rubles) for the first quarter of 2020, also boasting increased free cash flow and lower debt. Free cash flow, the company said, rose 2.6-fold from the final quarter of 2020 to $2.57 billion (190 billion rubles), and debt fell to $2.9 billion. Upstream operating costs were reduced to a minimum of $2.6 per barrel of oil equivalent, Rosneft also said. ??Rosneft? continued to work on the?

Hamas Targets Israeli Oil And Nuclear Facilities With Rocket Attacks
by OilPrice.com
14 May 2021 at 9:00am
Hamas' militant wing, the Al-Qassam Brigades, announced earlier this week that it isdeliberately targeting Israel's secretive Dimona nuclear reactor site, known as the Shimon Peres Negev Nuclear Research Center, which lies east of the the Gaza Strip far into the Negev Desert. It was on Wednesday that Qassam Brigade spokesmensaid they were"directing a rocket strike involving 15 rockets for Dimona"- and since then it appears rockets have fallen generally in the southerly area - but there's since been no reports of direct hits?

Louisiana's Democrat Governor Urges Washington To Resume Oil Leases
by Charles Kennedy
14 May 2021 at 8:30am
Governor John Bel Edwards, the Democrat at the helm of Louisiana, has urged the federal government to resume oil and gas leases within months, the Associated Press reports, quoting the governor as saying that a longer pause in offshore leasing will devastate the Gulf Coast state?s economy. ?I?m a governor of an energy producing state but also a state that?s on the front lines of climate crisis,? Gov Edwards told the U.S. Senate Committee on Energy and Natural Resources. The Department of the Interior said last month?

Hackers Behind U.S. Pipeline Attack Say They Lost Access To Ransom Money
by Tsvetana Paraskova
14 May 2021 at 8:00am
The operator of the ransomware group Darkside said on Friday it had lost control of its servers and some of the money it had made through ransom payments, Recorded Future threat intelligence analyst Dmitry Smilyanets reported. "A few hours ago, we lost access to the public part of our infrastructure, namely: Blog. Payment server. DOS servers," Darksupp, the operator of the Darkside ransomware, said in a post spotted by Smilyanets. The operator of Darkside also said that cryptocurrency funds were withdrawn from their payment server, which was hosting?

Valero Receives Waiver To Ship Oil And Fuels To U.S. East Coast
by Irina Slav
14 May 2021 at 7:30am
The federal government has granted Valero Energy a waiver from the Jones Act?legislation restricting the number of vessels that can carry oil and fuels along the U.S. coastline. Reuters reported the news citing unnamed sources familiar with the matter, who added that Marathon Petroleum and Citgo had also asked for waivers from the legislation in order to start shipments to fuel-starved East Coast towns and cities. The shortage of fuel resulted from panic buying along the East Coast after the shutdown of the Colonial Pipeline network. The?

U.S. Gasoline Shortages Persist Going Into The Weekend
by Tsvetana Paraskova
14 May 2021 at 7:00am
Many eastern U.S. states continued to experience shortages of gasoline on Friday, even after Colonial Pipeline resumed operations late on Wednesday. As the operator of America?s main fuel pipeline warned, a full return to normal deliveries after a ransomware attack forced a total shutdown last Friday would take a few days. The main pipeline carrying gasoline and diesel to the U.S. East Coastshutdownafter a ransomware attack late last week, sparking a run to gas stations and sending gasoline prices surging. As of May 14,?

3 Strong Oil And Gas Stocks For The Summer
by Alex Kimani
13 May 2021 at 5:00pm
For years, searching for potentially rewarding oil and gas stocks during the ongoing energy crisis has pretty much felt like dumpster diving. The energy sector has been deeply out of favor over the past few years, with the Covid-19 pandemic only serving to make an already bad situation much worse. But the worst appears to be in the rearview mirror as the energy sector continues to stage an impressive rebound as the global economy recovers from the ravages of the pandemic. The energy sector is just coming off a bumper earnings season whereby?

Biden's $2.5 Trillion Infrastructure Plan Could Send These EV Stocks Soaring
by Pauline Calfe
13 May 2021 at 4:00pm
A massive $2.5-trillion infrastructure plan could send EV companies--and many of their tie-ins--to record new heights.And some investors are getting ready to pile in like never before as the ?green tidal wave? prepares to reach tsunami proportions.They?re already on the move ? and tie-in stocks, companies that are related to the EV industry like Facedrive (TSXV:FD; OTC:FDVRF), the original EV ride-share platform and the new owner of EV car subscription services company Steer, are aiming to ride the green tidal?

Senator Introduces Bill To Compensate Oil-States During Energy Transition
by Julianne Geiger
13 May 2021 at 3:30pm
A Democratic Senator introduced a bill on Thursday designed to give states financial support to compensate for the losses oil and gas states will incur as a result of the energy transition. The funds, the new bill proposes, will provide federal support to the states that heavily rely on oil and gas revenues to fill budget gaps as oil and gas production would theoretically decline. The act, referred to as The Schools and State Budgets Certainty Act, was proposed by Democratic Senator Martin Heinrich of New Mexico and will offer what it calls ?energy?

Renewable Energy News




Press release service Free Utility & Energy Magazines
Press release distribution service
:: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

Copyright 2008 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
EnergyIndustry.Net is a Energy news service of GroupWeb Media LLC