Namibia wants to join OPEC…
Despite Congress passing new sanctions…
China and Iran officially stated they would boost their energy and political cooperation as part of a 25-year strategic partnership agreement at a time when the U.S. is looking to…
Russia, the leader of the non-OPEC group in OPEC+, favors a rollover of the alliance's oil production cuts while seeking a slight increase for itself to meet higher seasonal demand,…
The UAE potentially made history today when it sounded the starting pistol for its Murban crude oil futures, to be traded on the brand new ICE Futures…
The biggest oil companies in the world, including Big Oil, Saudi Aramco, Russia's top oil producers, and the top oilfield services providers, saw their combined revenues fall by 35.4 percent…
The U.K. has announced a ‘Landmark Deal’ to drill new wells in the North Sea securing the future of U.K. oil and saving thousands of jobs while calling…
As the shift in oil demand from Covid-19 turned the tables of regional levels of fuel production and exports, China succeeded in overtaking the USA as the world’s…
OPEC+ will likely decide to keep oil production essentially steady for another month, according to four Reuters sources. Saudi Arabia and the UAE have both spoke out in favor of…
The market shock from the pandemic and the resulting crash in oil prices expectedly dragged down the net profit of the world’s biggest oil company and largest oil exporter,…
If you are the parent of a school-aged child, particularly during these online learning environment times, you’ve probably heard your fair share about the evils of fossil fuels and the…
U.S. crude oil inventories went up by 1.9 million barrels in the week to March 19, the Energy Information reported, adding that at 502.7 million barrels, inventories were 6…
U.S. refiners have turned to Russian oil and petroleum products to fill the gap that sanctioned Venezuelan crude and drastically reduced OPEC shipments have left in U.S. imports, despite the…
Saudi Aramco is in no hurry to expand its oil production capacity to 13 million bpd as it said it would last year just as the pandemic was beginning to…
Signs have started to emerge in recent weeks that oil demand is recovering and could rebound to stronger levels in the second half of this year. The oil market and…
Saudi Aramco reported a net profit of $49 billion for 2020, down 44 percent on the year but still a positive figure despite the pandemic that plunged some major…
Smaller players are eager to recommence talks with Venezuela over its crude oil opportunities before the majors start their attack. The eventual easing of sanctions on Venezuelan oil…
The United States has warned China that it will not turn a blind eye to rising Iranian oil exports to Chinese ports, the Financial Times reported, citing a senior…
The world’s largest oil exporter, Saudi Arabia, increased its crude oil exports to 6.582 million barrels per day (bpd) in January 2021, up from 6.495 million bpd in December 2020,…
Retail investors with long positions in crude oil markets had to endure one of the most volatile years on record in 2020 thanks to the Saudi-Russia oil price war, oil…
A spat over fuel prices last month saw Brazil’s President Jair Bolsonaro replace the CEO of national oil company Petrobras Roberto Castello Branco, who is popular among investors with…
India’s growing demand for oil and its plans to rely less on crude from its biggest supply region, the Middle East, is set to support demand for oil tankers traveling…