The rapid growth of renewable…
When policymakers both here and…
Exxon’s Generous Royalty Deal in Guyana Is Safe, For Now Investors have been waiting to see what the outcome of the latest political crisis in Guyana would be in the…
Saudi Aramco has awarded 34 contracts worth a total of US$18 billion to boost the oil production capacity of two fields by 550,000 bpd, in order to sustain its…
A report about Egypt detaining an Iranian tanker from an Arab news outlet carried by Middle East Monitor is false, TankerTrackers.com co-founder Samir Madani told Oilprice. The report said…
China set a fresh monthly crude oil import record in April and continues to import growing volumes of crude oil this year, accounting for an estimated two-thirds of global oil…
Carmakers in Europe and North America are having a hard time with the much-hyped EV revolution that they are all eager to take part in. It’s a struggle to make…
The space race is heating up, with Richard Branson's space tourism business, Virgin Galactic, revealing its plans to go public by the end of 2019. Billionaire Richard Branson's space-tourism venture,…
Geopolitical tensions and OPEC+ cuts appear to have put a floor under oil prices, countering fears of a global economic recession
Tesla fans who plan on buying a Tesla in the future might want to hurry up as the EVs could become a lot more expensive once the company’s output becomes…
Lower output from Russia’s largest oil producer Rosneft has resulted in total Russian production falling to a near three-year low in early July, Reuters reported on Tuesday, citing industry…
OPEC and allies had little choice but to roll over their production cuts into the first quarter of 2020 amid higher-than-average global inventories, continued uncertainties over the global economy and…
A blackout struck a major Venezuelan oil refinery, crippling operations at a time when oil production had appeared to be stabilizing. It’s been an odd few months for Venezuela, where…
The U.S. Senate passed a bill last week that would form a government-industry working group to "examine ways to replace automated systems with low-tech redundancies, like manual procedures controlled by human…
The oil and gas industry is instrumental in adopting technology that could reduce emissions from fossil fuels, as the solution to climate change is not fighting the use of oil…
U.S. shale’s production growth will outstrip global oil demand growth this year, capping oil price gains until 2020, according to Goldman Sachs. U.S. oil production is set to rise by…
The possibility of Iran attempting to close the Strait of Hormuz to tanker traffic has increased significantly in recent weeks, as has the possibility of a Persian Gulf War, especially…
U.S. oil production continues to grow, but the shale industry is in the midst of a deceleration as low oil prices and a financial squeeze slow the pace of drilling.…
A form of cognitive dissonance seems to be taking over oil market watchers, a sort of a blind belief that US shale oil production is set…
The first half of the year is in the books. Following its best quarterly performance in nearly ten years…
It’s been a game changing year for the electric vehicles market. In Europe, electric cars sales are a whopping 85 percent higher than they were at this time last year--and…
Researchers in South Korea have made a major breakthrough in using bacteria to sustainably and efficiently produce biofuels. The team of scientists from the Korea Advanced Institute of Science and…