China’s massive annual additions of…
Crypto companies are tapping into…
Analysts from Standard Chartered have…
Various reports that Chinese oil giants, China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are ‘considering acquiring’ U.S. oil titan ExxonMobil’s 32.7 per cent stake in…
Exxon this week did something unprecedented: it wrote down its gas assets by a massive $17 to $20 billion. In evidence that the crisis has finally gotten to…
It may be a lame duck session, but Donald Trump’s presidency is far from over, and neither is his trade war with China. Just a few days ago…
India has announced its intention to resume oil imports from Iran and Venezuela, as part of its objective to diversify its oil suppliers. Imports from Iran…
OPEC+ is making progress toward a deal that would lay out the plan for the group’s oil production in 2021. The official meeting has been delayed until Thursday, after it…
With China stocks looking increasingly attractive, and analysts urging investors to restructure their portfolios to be at least 20%, Chinese oil stocks are the exception due to last-minute trade war…
India would like to have more opportunities to work for diversifying its sources of crude, including by resuming oil imports from Venezuela and Iran under President Biden, according to India’s…
Back in 2008, Beijing introduced a nationwide ban on ultra-thin plastic bags in a bid to tame the plastics menace that had earned the nation the reputation as…
Petrobras continues to bet on oil and is not going for the net-zero emission "fad" as all European oil majors have done, Roberto Castello Branco, the chief executive of Brazil's…
Crude oil prices hesitated today after the Energy Information Administration reported an oil inventory draw of 700,000 barrels for the week to November 27 but a sizeable build in…
Since pharmaceutical companies started announcing vaccine breakthroughs three weeks ago, the oil market has seen the gloom from the soaring coronavirus cases turn into optimism that vaccine availability would help…
Oil demand isn’t going to see a bump from air travel demand anytime soon, or so the International Air Transport Association (IATA) said in a recent press release. And when…
With multiple new technologies being introduced to the suffering oil and gas industry in 2020, 3D printing is the latest fad to gain traction in the space. Additive…
New Mexico was, until recently, a lucky state. Despite being one of the states with the weakest economies—and high unemployment—New Mexico had the Permian, and oil revenues from…
Western Europe’s largest oil producer, Norway, will be ending the government-imposed oil production cuts at the end of the year, the Ministry of Petroleum and Energy said on Tuesday,…
Oil prices fell on Tuesday morning as OPEC+ failed to reach an agreement regarding production cuts in 2021, with the three most influential members all disagreeing on how to proceed.
Venezuela boosted its crude oil exports nearly threefold in November to more than 500,000 barrels per day (bpd), including by hiding the true identity of tankers to avoid detection, Bloomberg…
It’s undeniable that the global energy sector is trending toward decarbonization. Catalyzed by the rough blows that the novel coronavirus pandemic dealt to the oil industry, the global…
Japan and Kuwait have struck a deal to store crude oil for Southeast Asia in Japan in a bid to boost the region’s oil supply network, which is currently…
Exxon has finally broken with its tradition to never write down its assets. Exxon has announced massive writedowns of between $17 billion and $20 billion due to the pandemic…