The Texas energy grid is…
Precious metal prices surge, particularly…
Western trade restrictions on China's…
New financial market rules aimed at preventing major price drops in newly listed companies on Saudi Arabia’s Tadawul exchange will be ready by the end of this June, in anticipation…
Sixteen companies—including Big Oil’s Exxon, Chevron, and Total—have expressed interest in taking part in Iraq’s bidding round on April 15, which will award the rights to develop 11 oil…
The largest international oil companies will be vying on Thursday to grab acreage next to Brazil’s coveted offshore pre-salt layer, despite a last-minute court decision that removed two blocks…
Iraq’s crude oil reserves may turn out to be much higher than believed, the country’s oil minister Jabar al-Luaibi said at a recent industry event, timing the statement with…
It has been a hectic three days for the newly launched Chinese crude oil futures on the Shanghai Exchange, with the contract plunging heavily yesterday after a mass selloff.…
Surging U.S. shale production, coupled with a breakeven oil price duel between OPEC and international oil majors, will likely drive oil prices back to the low $50s in the medium…
In its efforts to make its currency more international and break the U.S. dollar’s global dominance, China is in the early stages of preparing to paying for oil imports in…
The chances of Aramco listing in New York just slumped to close to zero after a U.S. District Judge in Manhattan ruled against Riyadh’s bid to dismiss a series…
A Delaware court on Wednesday allowed Tesla shareholders to move forward with a lawsuit claiming that Elon Musk and Tesla’s board used their influence and reputation to dupe shareholders…
Just as a new government in Australia looks set to breathe fresh life into the coal industry, mining giant Rio Tinto has finalized its exit agreement from the controversial natural…
If crisis-hit Venezuela was hoping to pay off its US$3.15-billion debt to Russia with its new cryptocurrency, those hopes have been shattered as the Russian Finance Ministry announces that it…
Lukoil, Russia’s second-largest oil producer by output, now enjoys the highest market capitalization of any Russian energy company, after overtaking state-controlled giants Gazprom and Rosneft on Wednesday. At the…
U.S. energy exports rose to record levels last year, with both petroleum and natural gas posting record-highs as the shale boom and the second full year of no restrictions on…
The department of Energy has sold seven million barrels of crude oil from the Strategic Petroleum Reserve to at least five buyers at prices of WTI plus US$1.50 to…
OPEC is looking to forge a “very long-term” cooperation with non-OPEC producers, the cartel’s Secretary General Mohammad Barkindo said on Wednesday, lending further credence to the news that Saudi…
Shipments of Kirkuk crude oil to Iran under an oil swap deal will begin in two weeks, Alaa al-Yasiri, head of Iraq’s oil marketing company SOMO has said, adding…
Moody’s is downgrading Tesla’s corporate family rating to B3 from B2 and cutting its outlook on the company to Negative from Neutral in a blow made more severe by…
The American Petroleum Institute (API) has reported a major surprise build of 5.321 million barrels of U.S. crude oil inventories for the week ending March 23, with the market expected…
Germany approved on Tuesday the construction and operation of the Russia-led Nord Stream 2 gas pipeline in its territorial waters, thus issuing all necessary permits for the German section…
GM Korea is preparing to file for bankruptcy if the management fails to reach an agreement with the company’s local labor union over a restructuring program that has to…