Is $100 Oil Possible In 2025?
Is $100 oil possible this year? That was the question Rigzone asked Carole Nakhle, the Chief Executive Officer of London based consultancy Crystol Energy. Responding to the question, Nakhle said…
OPEC Plot Twist? Bloomberg Survey Shows Production Drop in April
OPEC just pulled a plot twist. Instead of raising production as planned, the cartel’s April output dropped by 200,000 barrels per day (bpd) to 27.24 million bpd, according to a…
Congress Just Sideswiped California’s EV Crusade
California’s 2035 gas car ban just got torched by the U.S. House, which voted 246–164 on Thursday to kill the EPA waiver that let the Golden State set stricter tailpipe…
Shell’s loss-making renewables impact Q1 profits
Energy giant Shell has reported adjusted earnings of $5.6bn in Q1 2025, down from $7.7bn a year earlier. Despite the drop, also down on the $3.7bn earnings recorded in Q4,…
IMF Slashes Growth Forecast for Middle East Exporters as Oil Prices Dip
The International Monetary Fund (IMF) has downgraded its economic growth forecast for the oil exporters in the Middle East to 2.3% from 4% expected in October, due to the slide…
UN Pushes Back Against Trump’s Deep Sea Minerals Mining Plans
President Donald Trump’s executive order to access critical deep-seabed minerals is raising concerns among the international authorities with jurisdiction over resources in international waters. Last week, President Trump issued an…
Russia Slashes Energy Revenue Forecast by 24% as Oil Prices Dip
Russia expects 24% lower revenues from oil and gas this year compared to earlier estimates, following the oil price crash that began in early April and sank the price of…
Strong European Demand Pushes U.S. LNG Exports Up by 20%
U.S. LNG exports jumped by 20% between January and April from a year earlier as buying activity in Europe remained strong amid a cold winter and low gas inventory levels.…
S&P Downgrades Woodside Outlook to Negative After Louisiana LNG Go-Ahead
S&P Global Ratings has revised down its credit outlook on Woodside Energy after the Australian firm took the final investment decision on the $17.5 billion Louisiana LNG export project. The…
Fusion Project Completes World’s Most Powerful Magnet System
The International Thermonuclear Experimental Reactor (ITER), a multi-national endeavor to build a system to experiment with nuclear fusion, has just completed the final component of its pulsed superconducting electromagnet system,…
