Brent crude oil prices fall as OPEC production soars
Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut.
Energy
Former SpaceX Engineer to Build Space-Based Solar Power to Provide 'Infinite Energy' for Earth
Virtus Solis, led by former SpaceX engineer John Bucknell, aims to use SpaceX's Starship for affordable space-based solar power, envisioning large solar arrays in orbit to provide constant energy to Earth by 2030.
Potential Gas Price Change Anticipated Following Chevron and Exxon Mobil Q1 Profits Dip
Chevron (CVX) and Exxon Mobil (XOM) reported a decline in first-quarter revenue compared to the previous year, citing lower margins on refined product sales, sparking concerns among investors about th..
US Solar Firms Urge Biden Admin to Apply Tariffs on Southeast Asian Imports
A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market...
SunPower Announces Mass Layoff as it Ceases Residential Installations
SunPower announced a mass layoff that would affect thousands of employees as it ceases residential installations...
California Sets Renewable Energy Record: Solar Power Surges, Exceeds 100% Grid Demand for 30 Days Straight
California achieves a historic feat, powering the grid with 100% renew...
Biden Administration Permits Over 25GW of Clean Energy on Public Lands, Surpassing 2025 Renewable Energy Goal
This milestone aligns with President Biden's goal to make the US power...
Latest News
Brent crude oil hits 2015 high as U.S. output slows
Oil rose more than 3 percent on Thursday, pushing Brent crude to a 2015 high above $63 per barrel on increasing evidence that U.S. production is peaking, balancing a market that has been in heavy over
Oil above $59 on Middle East, U.S. output, but IEA report caps gains
Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agenc
Oil rises on U.S. production dips, Middle East tensions
Crude oil futures rose on Tuesday on signs of falling U.S. oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen.
Saudi Arabia trims oil supply to some Asian buyers: sources
Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded, six industry sources familiar with the matter said on
Oil above $58 on U.S. shale output report, Mideast
Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tension in Yemen, where top oil exporter Saudi Arabia is emb
Oil edges up as Iran uncertainty, Yemen turmoil support
Crude futures rose on Monday, but closed well below intraday peaks, as concerns about Iran and turmoil in Yemen supported prices, while the global supply glut continued to cap gains.
Oil companies’ profits hit by quest for crude price exposure
The drop in big oil companies' profits in the past eight months isn't just a function of lower crude prices – it also reflects strategic choices.
IEA sees sharp rise in Iran oil output in 3-5 years post nuclear deal
World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist
New U.S. offshore oil drilling rule planned: New York Times
The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc (BP.L) oil spill in the Gul
