Call options are currently trading…
UK firms plan to invest…
Earlier this year, the price…
Tesla enjoyed an upbeat fourth quarter, as its revenue exceeded analyst estimates by more than $1bn. The car manufacturer, which specializes in electric vehicles (EVs), secured…
The United States will make sure the Nord Stream 2 project does not move forward if Russia invades Ukraine, a spokesperson for the State Department told media. "I want to…
Saudi Arabia, the world’s largest oil exporter, is expected to lift the official selling prices of all its crude grades sold in Asia next month on the back of solid…
Some of the largest U.S. companies, including the biggest oil lobby, called on the Biden Administration and Congress this week to tread carefully with potential new sanctions against Russia that…
The U.S. administration has approved the release of another 13.4 million barrels of crude from the strategic petroleum reserve in a move first announced last November by the White House…
Shell will shut down a key processing unit at its Pernis refinery in Rotterdam as it prepares for seasonal maintenance at Europe’s biggest refinery. Bloomberg reported, citing an unnamed…
Exports of Russia’s flagship crude grade from its ports on the Baltic Sea are set to drop in February to the lowest level in five months, at a time when…
The American Petroleum Institute (API) estimated the inventory draw this week for crude oil to be 872,000 barrels after analysts predicted a draw of 400,000 barrels. U.S. crude inventories…
Abu Dhabi National Oil Company (ADNOC) has created a new entity that will sell the first bond of the United Arab Emirates' oil producer as the OPEC member looks to…
Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, as the world’s top…
High-impact well drilling activity returned to growth in 2021 after a decade-low in 2020 when the pandemic and crash in demand made oil and gas companies slash drilling budgets and…
Shell has made a significant oil and gas discovery offshore Namibia, one of the expected hotspots for exploration this year, Reuters reported on Tuesday, quoting three sources in the…
The UK looks to prevent power outages next winter season by setting a higher target for the 2022/2023 power capacity auction than the one recommended by grid operator National Grid…
The Trans-Adriatic Pipeline could expand its capacity a year ahead of schedule, the managing director of the project, Luca Schieppati, told Italian media as quoted by Reuters this week.…
ConocoPhillips' CEO Ryan Lance is bullish on the price of oil, the executive said on Monday at the Argus Americas Crude Summit in Houston. Lance further expressed his view…
Mexico’s well-known oil hedge is showing no signs of diminishing, even in the wake of Mexico’s ambitious plans to curb oil exports. Mexico’s hedge for 2022 crude oil production, in…
European industries could grow using clean energy only if the European Union (EU) decides to classify some nuclear power plant investments as sustainable, the head of Europe’s top copper producer,…
The new Dos Bocas refinery that Mexico’s government is building to reduce the country’s dependence on fuel imports is “being built in record time. Opinions around the world are very…
Reliance Industries expects the global natural gas crunch and the gas price rally to continue benefiting India’s oil-to-telecoms conglomerate with more earnings in the coming months after higher…
Iraq is already scheduling crude oil shipments for delivery in March thanks to strong demand, the deputy head of the State Organization for the Marketing of Oil, or SOMO, told…