Russia sees advantages in the…
Sanctions on Russian copper, aluminum,…
Apache, Marathon Oil Corp. and…
If Ukraine loses operational control at Zaporizhzhia, the largest nuclear power plant in Europe, currently occupied by Russian forces, Kyiv would consider shutting down the power plant, Yuriy Boyko, an…
The Brazilian government is planning to move a step closer to the privatization of oil major Petrobras by including it in its privatization program, Reuters has reported, noting that analysts…
A White House economic advisor told a panel on Thursday that the Biden administration is now considering the U.S. congressional proposal that would place a windfall tax on…
Russia is confident that it will be able to restore in June oil production lost in March and April, with this month seen as “maximum recovery relative to previous levels,”…
The Biden Administration is preparing a study on the energy consumption of crypto mining operations with the goal to issue policy recommendations on how miners could lower their energy use…
European Union ambassadors approved on Thursday the proposed partial ban on Russian oil imports into the EU as part of a sanctions package that also aims to cut Russia off…
OPEC+ decided on Thursday to ramp up its monthly oil production increase to nearly 650,000 barrels per day (bpd) as the group looks to compensate for falling production in its…
UK authorities issued on Wednesday their final approval to Shell's Jackdaw gas field development in one of the biggest projects in the North Sea in recent decades as the government…
U.S. exports of liquefied natural gas remained close to record levels last month, at 7.29 million tons, or the second-highest since records of such exports began. According to Refinitiv Eikon…
Crude oil from the nation's Strategic Petroleum Reserves may be headed into commercial inventories, but the American Petroleum Institute (API) still reported a draw this week for crude oil of…
The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion through 2025,…
The CEO of a Deutsche Bank subsidiary resigned Wednesday, just a day after German authorities launched a heavy-handed raid on the company’s offices in Frankfurt over allegations of…
Libya is losing another 22,000 barrels per day due to a pipeline leak at the Sarir Tobruk oilfield blamed on delayed budgets that have left the operating company…
The Joint Technical Committee (JTC) of the OPEC+ group did not discuss suspending Russia’s quota in the oil production deal at the meeting on Wednesday ahead of Thursday’s OPEC+ ministerial…
The UK and the European Union have agreed to jointly shut off Russia’s access to oil cargo insurance, the Financial Times reported, which would severely affect its ability to…
The OPEC+ alliance is solid, with the level of cooperation within it strong, according to a statement issued by the Russian Foreign Ministry following a meeting between Foreign Minister Sergey…
Rising energy prices and boxing Russian crude oil out of the global market risks a global recession, Bank of America's head of global commodities and derivatives research Francisco Blanch warned…
Some OPEC members are mulling over the possibility of suspending Russia from the OPEC+ deal that limits the amount of crude oil that each member can produce, the Wall Street…
The federal Russian government will increase minimum wages and pensions from June 1 as it seeks to counter the effects of double-digit inflation closely linked to Western sanctions. Inflation in…
Ukraine’s State Bureau of Investigations (DBR) has taken control of all Tatneft assets in the country, along with any companies linked financially to Tatneft, DBR said in a statement to…