Analysts from Standard Chartered have…
The market is growing increasingly…
The European Parliament approved rules…
ir Winston Churchill once admonished leaders to never let a good crisis go to waste, and Big Oil has rarely failed to heed the advice. Under normal circumstances,…
South America continues to feature prominently among petroleum industry headlines. Offshore Brazil and Guyana have become the focal point of what is shaping up to be the continent’s…
As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big…
Once the excitement of taking over a country settles, such as checking out the presidential gym and enjoying some fun on bumper cars,…
As Oil Price readers know, the tiny activist hedge fund, Engine No. 1, challenged management and won three seats on Exxon’s board of directors back in late May.…
The Chinese economic miracle has succeeded in lifting millions out of poverty and transforming the geopolitical landscape. The country’s rapid industrialization has accelerated climate change as emissions have…
A new natural gas find in the Iranian section of the Caspian Sea could turn the country into a major supplier to Europe, the Tehran Times reported today, citing…
Europe will no longer need Russian gas in twenty-five years, German Chancellor Angela Merkel said at a meeting with Ukraine's president, Vladimir Zelenski. "Europe will need to achieve climatic neutrality…
Oil prices jumped 3% early on Monday, snapping the longest losing streak since 2019 of seven consecutive settlements in the red, as investor risk appetite increased and the U.S. dollar…
Big Oil is coming off yet another blockbuster season, posting the second consecutive quarter of stellar top-and-bottom line growth. According to the latest FactSet data, the energy sector's Q2…
Estimate-beating profits and solid cash positions were marks of the first half of the year for Big Oil majors and for their smaller rivals, too. A strong rebound…
The world’s largest shipping company, A.P. Moller Maersk A/S, aims to have net-zero carbon dioxide emissions from its own ocean operations by 2050 as the industry responsible for…
We recently wrote about Europe's soaring, record gas prices as Russian nat gas supplies have been suspiciously low, amid growing concerns about Europe's…
China offers promise for clean energy in a world dominated by fossil fuel-driven hydrogen projects through its new green hydrogen mega-plant. China is planning a huge…
Japan’s recent revision to its Strategic Energy Plan (SEP) lowers the targeted share of liquefied natural gas (LNG) in the country’s power generation mix in 2030 to 20%…
Russia seems intent on selling the world’s very last barrel of oil. As other energy superpowers and petro-states around the world scramble to diversify their economies and establish…
Just when you thought you would never belly laugh harder than when Elon Musk decided to demonstrate the Cybertruck's shatterproof windows, along comes AI Day 2021 - a…
The number of oil and gas rigs in the United States rose by 3 this week, according to Baker Hughes—after rising by 9 last week. The total rig count is…
Large-scale battery power capacity in the United States jumped by 35 percent last year to reach 1,650 megawatts (MW), and the significant growth of the past few years is set…
As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down.