Wood Mackenzie has said that…
Private equity saw the perfect…
Tesla's Elon Musk could soon be taking $750 million through his unique pay structure offering him zero in salary or cash bonus. Tesla's stock has been breaking the shackles…
Oil and gas exploration and production (E&P) companies around the world are set to see their total annual revenues plunge by a whopping US$1 trillion this year, due to the…
The coronavirus pandemic will change the world and the oil industry forever, oil and gas supermajor Shell said on Thursday as it slashed its dividend for the first time since…
The U.S. is working on ways to expand storage space to add several hundred million more barrels to it, Treasury Secretary Steven Mnuchin said at a White House briefing, as…
Gone are the days when Somalia's Gulf of Aden was considered the most dangerous piracy zone for oil companies and other seafarers. But now, with offshore oil storage bursting at…
The spread of the novel coronavirus has ravaged the global energy industry. Even before the spectacular oil price crash that sent the West Texas Intermediate benchmark to nearly…
BP’s first quarter earnings plunged by two-thirds, and its debt levels rose to a record high. The global pandemic and the collapse of oil prices will hit U.S. shale…
In the last couple of months, the global energy industry has been flipped on its head. As the novel coronavirus pandemic ravaged economies around the world, the energy…
WTI is witnessing wild price swings as U.S. producers send their crude to the Strategic Petroleum Reserve because commercial storage tanks are close to reaching capacity.Oilprice.com’s Michael Kern…
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BP will seek to slash its breakeven oil price from $56 a barrel in 2019 to $35 a barrel by 2021, chief executive Bernard Looney told Reuters. The supermajor has announced…
Oil is cheap, demand is gone, and nothing will ever be the same. These are the facts in oil today that experts seem to agree on, although opinions…
President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to…
After a decade-long bear market, uranium has suddenly turned into a raging bull in an otherwise dismal market for commodities. Uranium prices have surged 35 percent…
Asia is home to 60 percent of the global population and is the largest consumer of total primary energy, oil, coal, and renewables. It is also the third-largest natural gas…
South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg…
Many times in the past, Tesla Inc. (NASDAQ:TSLA) has been labeled a 'cult stock' due to its vast investor interest despite the company's somewhat questionable or weak fundamentals.…
We came to the conclusion that the future is a separate line of business when perusing the graphically flashy 2019 annual report issued by Enel S.p.A. the Rome-based…
The global oil sector is reeling from a combination of negative oil prices, storage overload, demand destruction, and calls for a renewable energy revolution in the post-COVID-19 era.…
A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to contain…