The Biden Administration cancels planned…
Javier Blas analyzes the impact…
Adventurous options traders placed bets this week on oil prices hitting $250 and even $300 per barrel, betting for the first time this year that oil could exceed $250, ICE…
Energy industry insiders have slammed a proposal by a group of Democratic Senators to ban U.S. oil exports in a bid to rein in retail fuel prices. "That proposal does…
Rosneft chief executive Igor Sechin said that the rebound in global demand for oil and gas and the gap between supply and demand could lead to a new supercycle for…
Pressured by investors and society, the global oil industry is looking for ways to stay in the game by meeting the world's growing demand for energy, including crude,…
Amid efforts by the Biden administration to put a lid on fuel prices, it was the passage of the Democratic-sponsored $1-trillion infrastructure bill last weekend that became the…
Independent refiners in China boosted imports of oil from Iran between August and October, attracted by the cheaper Iranian crude despite the risk of running afoul of U.S. sanctions, Reuters…
Crude oil fell today after the Energy Information Administration reported an inventory build of 1 million barrels for the week to November 5. This compares with a build…
Crude oil demand is rebounding faster than supply, pushing prices higher, the Energy Information Administration said this week, noting that the price of West Texas Intermediate had reached…
The Biden Administration is considering tapping the Strategic Petroleum Reserve as a potential tool to bring down the gasoline prices in America that have hit a seven-year high…
Ahead of the new iteration of the ‘Joint Comprehensive Plan of Action’ (JCPOA) that Iran expects to have in place before 20 March 2022
While the Biden administration’s landmark Infrastructure Bill has been framed as anti-fossil fuels by the media as well as by politicians such as coal country’s Joe Manchin, oil…
Saudi Arabia reported economic growth of 6.8 percent on the year for the third quarter on the back of higher oil prices. This is the highest quarterly growth for the…
A group of Democratic Senators has called on President Joe Biden to reimpose a ban on crude oil exports as the administration struggles to contain retail fuel prices. "In light…
The world will see its level of spare oil production capacity dwindle next year as jet fuel demand returns to pre- or near-pre-crisis levels, Amin Nasser, the chief executive of…
A massive surge in inflation is threatening Brazil’s post-pandemic economic recovery. Latin America’s largest economy was savaged by the coronavirus with Brazil suffering the third most COVID-19 cases…
U.S. consumers and utilities will be paying much higher prices for natural gas and energy this winter, as record American natural gas exports amid sluggish domestic production growth…
Just ahead of OPEC’s next virtual meeting, President Joe Biden cast blame at Russia and OPEC for the current state of high oil prices. He said “If you…
Saudi Arabia raised on Saturday the official selling prices (OSPs) for its crude in December to all customers by much more than traders and refiners had expected, suggesting that…
As Eni makes a new oil and gas discovery in Western Egypt, the future of energy in the oil-rich nation looks promising. After record production figures were hit…
U.S. President Joe Biden is considering a release from the Strategic Petroleum Reserve (SPR) as a possible move to reduce gasoline prices in the United States, after OPEC+ ignored on…