Scientists developed a catalyst that…
Oil markets were looking forward…
In an exclusive interview with…
It all started when leading European politicians, towering amongst them the German chancellor Angela Merkel, openly criticized the extraterritorial nature of U.S. sanctions against Nord Stream 2, stating that the…
Despite easing COVID-19 lockdown restrictions in some regions, new data suggests that oil demand may be approaching its peak for 2020.
Last May, Bernard Looney, the CEO of BP, said that "the coronavirus hit to crude consumption was likely to endure beyond the pandemic- and may have even ushered in "peak…
Over the last several years, China has slowly but surely taken over the global electric vehicles industry. The country has indirectly controlled EV…
The resumption of crude oil imports from Iraq by Jordan announced last week by the Kingdom’s Energy Minister, Hala Zawati, will give Baghdad’s (and Tehran’s) beleaguered finances a much-needed boost…
Despite the devastating coronavirus pandemic that locked down China for weeks, the country’s overall crude oil imports during the first half of the year…
Panels of the OPEC+ groups begin their monthly meetings on Tuesday to discuss the state of oil market and how to proceed with the record production cuts, with analysts widely…
OPEC+ will hold a committee meeting this week to assess the status of the oil market and decide on its next steps. For now, the group appears ready…
The Dakota Access Pipeline, (DAPL) was built to transport Bakken crude oil from its point of origin in far North Dakota to a terminus in Patoka, Illinois. Patoka…
Despite a reported rise in oil inventories last week, bullish trading returned to oil markets with Brent closing at $43.24, up by 10.02…
The million-mile battery for electric vehicles (EVs) could hit the market very soon, giving a boost not only to zero-emission vehicle ownership but also to renewable energy generation. …
In retrospect, it's impressive that it lasted as long as it did. Four months after OPEC cobbled together a record production cut to offset the demand…
BP was first. The supermajor said last month that it could book asset writedowns of up to $17.5 billion as a result of…
Saudi Arabia is set to keep its crude oil exports in August at the levels from July, although the OPEC+ group is expected to…
Just two days after it lifted the force majeure on all oil exports, Libya’s National Oil Corporation has declared force majeure again, citing a renewed blockade on its oil export terminals and…
The Iran-aligned Houthi rebels in Yemen said on Monday that they had hit a large oil facility in Saudi Arabia’s southern city of Jizan…
OPEC+ is likely to ease its crude oil production cuts from 9.7 million bpd to 7.7 million bpd starting next month as the extended oil group saw signs of improving…
Global oil market analysts are carefully watching the latest news emerging from Africa’s (potentially) largest oil producer. In an unexpected move, Libya's National Oil Corporation (NOC) stated lifted…
The historic oil price crash and Covid-19 pandemic have left major producers of the commodity in a deep economic crisis. Dramatic production cuts by OPEC+ has exacerbated the…
China bought up so much oil during April and May’s oil price crash that now they don’t know what to do with it all. A huge volume of…