Cookie Policy

EU Compliance: Cookies are 100% optional on this website. Thank you for visiting.

Accept Cookies Refuse Cookies
2 news articles per week.
43 connected topics.

News and Opinion

Coverage of oil prices since October 12, 2023.

Oil and gas well drillers want federal funding to help industry decarbonize

"...The drilling sector's emissions reduction efforts have not been as high-profile as those of the oilsands industry, which is proposing a $16. 5-billion carbon capture and storage project in northern Alberta that it says will help it reach net-zero emissions from production by 2050. But Scholz said there are many things oil and gas drillers can do to lower their carbon footprint, from rig electrification to hydrogen fuel blending to investing in battery energy storage systems for oil well drilling sites..."


Zero: Oil industry’s plan for climate action? More fossil fuels

"...The best performer was France’s TotalEnergies, which calls itself “a major player in renewable energy production,” including hydroelectricity, solar, wind power and biofuels. In 2022, Total’s green energy resources accounted for a negligible 1. 3% of total revenue..."


Oil prices could reach ‘uncharted waters’ if the Israel-Hamas war escalates, the World Bank says

"...Ayhan Kose, the World Bank’s deputy chief economist, said higher oil prices will inevitably result in higher food prices..."


Oil prices could reach ‘uncharted waters' if the Israel-Hamas war escalates, the World Bank says

"...The World Bank reported on Monday that oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas intensifies, which could result in increased food prices worldwide..."


Premiers of Saskatchewan and Alberta ask for extension of carbon tax exemption

"...She said she's to introduce a motion in the legislature that calls on “federal actions” to be applied equally, regardless of where people live or how they heat their homes. Trudeau said people in other provinces are to also benefit from the exemption. The four Atlantic provinces started paying the federal carbon price in July, after provincial systems were deemed no longer strong enough to comply with federal standards..."


TSX falls amid weakness in industrials, technology and battery metals

"...The Canadian dollar traded for 72. 33 cents US compared with 72. 56 cents US on Wednesday..."


How Russia Evaded the Oil Price Cap

"...First, like-minded countries wanted to send a diplomatic signal of unity to the Kremlin. Second, Western countries wanted to curb Russian oil revenues in a bid to degrade Moscow’s financial ability to wage war against Ukraine. Third, G-7 and EU states wanted to avoid supply reductions that would drive up oil prices and have a detrimental impact on the global economy..."


Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise prices

"...Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don’t expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say..."


Natural gas demand to shrink, except in Asia, Middle East: IEA

"...Prospects of war between Israel and Hamas growing into a broader Middle Eastern conflict is giving oil traders the jitters, leading to some oil and gasoline price volatility, while prospects for B. C. LNG exports appear to be confirmed by a continued increase in demand in Asia, according to the International Energy Agency (IEA)..."


What the Israel-Hamas War Means for the World Economy

"...Palestinians are already reeling, but a wider conflict could trigger a surge in oil prices..."


DeBriefed 13 October 2023: Israel and Hamas conflict hits oil prices; 1.5C ‘breached’; Lessons from India’s flash floods

"...Devastating flash floods in India’s north-eastern Himalayan state of Sikkim claimed 37 lives last week, with scores still missing. In the aftermath, Carbon Brief looks at whether authorities were adequately prepared for such an event – and how it could be linked to climate change.  ..."


Recommended Reading

As an Amazon Associate we earn from qualifying purchases for up to 24 hours after you click on a book, funding this website. Thank you for your kind support.

Is there a book about oil prices you would recommend?

Appropriate titles may appear on this website.


Recent episodes that mention oil prices.

Will grain markets get a soft landing on the backside of the commodity supercycle?

Duration: 8:08

"...Looking back over the past century, economic recessions have more often than not been preceded by a sharp rise in oil prices, as seen in the first half of 2022..."


Dan Dicker: A Basket Case Study of Oil

Duration: 29:00

"...Source: Sea Change Radio..."


share episode: Facebook | twitter | LinkedIn

April News Roundup

Duration: 17:29

"...Tune in as Marcene Mitchell and Shari Friedman discuss the latest climate business news, focusing on the unprecedented drop in oil prices and what it means for the clean energy industry. ..."


Informative Video

Discussions, Documentaries, and Investigative Reports about oil prices.

Chaos in Energy Markets Then and Now: 50 Years After the 1973 Arab Oil Embargo

"...Fifty years later, the embargo’s legacy includes vehicle fuel efficiency standards, and greater interests in domestically produced energy, drilling in deep waters and Alaska, nuclear energy, liquefied natural gas, and renewable energy..."


Energy Market Update: Winter Is Coming

"...At this event, industry experts will explain the current balance of global supply and demand, as well as the risks for natural gas, crude oil and refined products — like gasoline, diesel fuel and heating oil..."


What’s Up with Prices at the Pump?

"...Baker Fellow in Energy and Resource Economics; Senior Director, Center for Energy Studies, Baker Institute ..."


The Commonwealth Marine Economies Programme - The Pacific

"...Her research has been focused on fate and consequence of pollutants in the freshwater, coastal and offshore marine waters, and establishing links between the freshwater zone and marine system and coastal zone management with extensive experience of designing, implementing and evaluating monitoring programs to assess environmental impacts of human activity on the marine and coastal zone..."


Academic Research

Recent peer-reviewed papers about oil prices relevant to the latest news.

Moving ahead from hydrogen to methanol economy: scope and challenges

"...Therefore, developing countries have started investing heavily in solar and wind power and are considering hydrogen as a future energy resource..."


Review of global energy trends towards 2040 and recommendations for Iran oil and gas sector

"...According to findings, six mega-trends that would shape the future of global energy sector are as follows: growing demand for natural gas, increasing the share of non-fossil resources in the global energy consumption, divergence of economic growth with energy demand growth, stability of oil demand and oil price, increasing demand for oil in the petrochemical sector, no significant increase in the share of nuclear energy (nuclear fission)..."


An Overview of Biodiesel Produced from 2nd Generation Feedstock: Mustard Seed Types

"...In biodiesel production, edible vegetable oils may cause many problems, such as jeopardizing biodiversity, depletion of food supply, economic imbalance, and high pricing..."


Assessing the Factors that Determine Renewable Electricity Consumption in the United States: An Economic Overview

"...This paper adds to the existed literature by exploring the impact of oil prices, GDP per capita, government policies, and financial development on the renewable energy consumption..."


Revisiting the Nexus Between Renewable and Non-renewable Energy, CO2 Emissions, and Economic Growth: An Empirical Application t

"...This study evaluates the nexus between renewable and non-renewable energy, carbon dioxide emissions, labor force, gross capital formation, human capital, trade openness, crude oil prices, urban and rural access to electricity, on the economic growth..."


Examining Environmental Sustainability in Italy: Evidence from ARDL and Non-linear ARDL Approaches

"...One of the reasons behind environmental degradation and climate change is greenhouse gases that are mainly consisted of carbon dioxide (CO2) emissions..."


Solar Module Price Determinants

"...To expedite the growth of solar energy projects, there have been numerous attempts to lower interest rates for renewable energy technology; however, it is not enough, and specific green financing channels are required..."


An integration of oil price volatility, green energy consumption, and economic performance: assessing the mediating role of tra

"...Therefore, the purpose of the study is to assess how crucial factors like oil price fluctuations, renewable energy use, economic growth, the exchange rate, exports, imports, and trade affect the economic performance in the top 25 oil-importing countries using panel data from 2005 to 2021 collected annually..."


Environmental pollution and price dimension of renewable and nonrenewable energy, economic growth, and financial inclusion in A

"...This study scrutinizes the impacts of oil price fluctuations, financial inclusion, and energy consumption on carbon flare-ups in 20 Asian developing nations..."


Deep learning based regime-switching models of energy commodity prices

"...We applied this methodology to energy commodity price time series with very different characteristics, namely the US wholesale electricity, natural gas and crude oil price daily time series..."


Volatility and dependence in energy markets

"...In other words, extremely low crude oil prices are associated with low prices of natural gas and hydrocarbon gas liquids, and vice versa..."


How Serious is India?s Nonperforming Assets Crisis? A Structural Satellite Version of the Financial-Macroeconometric Model

"...Specifically, the paper analyses the impact of a rainfall shock, domestic food price shock, world oil price shock, fiscal shock, and monetary shock using counterfactual policy simulations and an out-of-sample forecasting framework to validate the impact of these macroeconomic shocks on NPA levels..."