The commodity trading industry currently…
India is set to import…
Saudi Arabia’s Ministry of Economy…
The deeply impoverished former English colony of Guyana has become one of the world’s hottest offshore drilling locations. Global energy supermajors have made a slew of
OPEC+ is mulling over a further relaxation in its oil production cut agreement beginning August, Reuters has reported, citing unnamed sources in the…
Crude oil prices clambered upward on Monday afternoon as the market feared that Iran nuclear talks may be stalled after hardliner Ebrahim Raisi won the Iranian presidential election. …
News last week that U.K. oil super-major, BP, is working on a plan to spin off its operations in Iraq’s supergiant Rumaila oil field into a stand-alone company…
From $35 per barrel to $130 per barrel—this is the range for oil prices in the next few years that we could see, according to a commodity trading…
Despite being wracked by nationwide anti-government protests the prospects for Colombia’s beaten-down oil industry are improving. Most of the protests and blockades of major roads have been ended…
For the first time in nearly a decade, OPEC has solid reasons to believe that its control over the global oil supply will not be ruined by a…
Oil futures are not exactly immune to a commodity rout. Oil prices have been pulling back over the past few days, with July WTI crude (CL1:COM) down 2.3%…
It won’t have been missed by anyone in the metals markets, but commodity prices have drifted off this past week. The reason is a resurgent dollar.…
It’s been one heck of a year for Texas energy grids. Six months ago only a very select group of industry insiders and policy nerds had ever heard…
The world finally seems to be leaning into the global clean energy transition in earnest. While world leaders have paid a lot of lip service to climate-smart developments…
China National Petroleum Corporation has made an oil and gas discovery with reserves estimated at 900 million tons, Chinese media reported. The discovery was made after six years of…
Expectations that strong demand recovery would outpace supply in coming months could lead to oil prices briefly hitting $100 per barrel in 2022, BofA Global Research said in a note…
Oil’s rally to above $70 a barrel has spurred talk of $100 oil—an unthinkable outlook at this time last year when economies and global crude demand were reeling…
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers…
Long overdue government legislation must come into place in Nigeria if the country hopes to reform its oil industry to make it more accessible for international players and…
Two weeks ago, Big Oil suffered a series of boardroom and courtroom defeats in the hands of hardline climate activists. Exxon Mobil lost…
In an effort to adapt to Trudeau’s recent green policies and owing to pressure from the International Energy Agency (IEA), Canadian oil sand producers have formed an alliance…
Just last month, on May 14, China announced a new tax on consumption of mixed aromatics, light cycle oil and bitumen blend, set to be instituted less than…
Energy dependence of European countries has become evident as a consequence of the geopolitical turmoil during the two Oil Crises of the 1970s and in…