A pick-up in freight activity…
Researchers have successfully converted carbon…
OPEC and the broader OPEC+…
The Libyan government wants to boost the country's oil production to 1.4 million barrels daily, the Cabinet said on Facebook, as cited by Reuters today. "The national unity government…
Libya can raise its natural gas production by 30 percent with an investment of up to $1 billion, Italy’s Ambassador to Libya, Giuseppe Buccino, said at a round table…
Major crude trading houses are set to slash their purchases of Russian crude oil and crude products starting mid-May, anonymous Reuters sources said on Thursday. The move that will see…
India faces another coal crunch as coal inventories at utilities are at the lowest for this time of the year in nearly a decade, while power demand is set to…
As many Western buyers shun Russian oil, gas, and coal, Moscow will find new customers for its energy products both domestically and overseas, Russian President Vladimir Putin was quoted as…
Chinese CNOOC, the offshore oil and gas producing giant, is getting ready to quit its businesses and assets in the U.S., the UK, and Canada, over concerns that it may…
A recent white paper has laid out some of the challenges in supplying minerals for any energy transition from fossil fuels, offering a timely warning for policymakers as the…
Global oil demand is expected to average 99.4 million barrels per day (bpd) this year, the International Energy Agency (IEA) said on Wednesday, cutting its 2022 demand outlook by…
The price of electricity generated by renewable power sources in North America has added almost 30 percent over the past year due to fast-rising development costs coupled with more robust…
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 7.757 million barrels, compared to analyst predictions of a 1.367 million barrel build. U.S. crude…
For the first time since July 2020, Russia’s crude oil production has slipped below the 10 million bpd mark on Monday, two anonymous Reuters sources suggested. The decline in Russia’s…
After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine. In morning trade in…
Greece plans to step up efforts to explore for natural gas in an attempt to reduce its 40-percent reliance on Russian gas, Greek Prime Minister Kyriakos Mitsotakis said on…
OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core…
President Biden is set to unveil plans for the sales of higher ethanol content gasoline during the summer in an attempt to restrain the price rise at the pump, Reuters…
With all of the chaos taking place in Shanghai as a result of a new round of mysteriously overbearing Covid lockdowns, there has been very little attention…
The U.S. has warned India that it was not in its interest to continue importing crude oil from Russia, media reported, citing government officials and White House Press Secretary Jen…
Replacing Russian crude oil lost by a possible ban from the EU would be nearly impossible, OPEC Secretary General Mohammad Barkindo said today in a speech at a high-level meeting…
Russia’s current account surplus, the broadest measure of trade, more than doubled in the first quarter of 2022 from the same period last year amid soaring oil and gas prices,…
TotalEnergies plans to raise the production capacity of the Cameron LNG plant in Louisiana in the United States, the French supermajor said on Monday, as the U.S. is looking…