The OPEC+ panels will not be discussing next week any revisions of the ongoing production cut pact and are not expected to make any major decisions to tweak the deal,…
Iran reportedly seized a Liberian-flagged oil tanker in the Strait of Hormuz and then let it go, the AP has reported, quoting a U.S. military official. According to the…
Complete electrification and close to 100 percent renewable energy generation: this is a vision of the United States 15 years from now. According to the visionaries, this objective…
No matter how you slice it, it’s clear that we are heading into a new and unprecedented era for energy. The novel coronavirus has shaken up the global…
The island of Mauritius in the Indian Ocean is attracting tourists thanks to its pristine beaches, spectacular lagoons and coral reefs, and unique marine life. These days, however, Mauritius is…
The March 2020 oil price crash and COVID-19 pandemic has hit the global energy sector hard. In response oil companies are slashing capital spending, driving down costs and…
Four months ago, Congress approved the ambitious and unprecedented Paycheck Protection Program (PPP) as part of the $2 trillion pandemic rescue package, and now we’re starting to see the…
The United States shale revolution didn’t just transform West Texas, and it didn’t just transform the energy sector, and it didn’t just transform the entire U.S. economy. It…
Saudi Arabia’s oil giant Aramco is considering additional cuts to its capital expenditure (capex) in order to be able to pay its massive dividends, the Financial Times reported on…
U.S. crude oil production will drop by an average of 990,000 barrels per day, according to the Energy Information Administration, for an average of 11.26 million bpd. That is…
Crude oil prices got another lift today after the Energy Information Administration reported a crude oil inventory draw of 4.5 million barrels for the week to August 7. At…
Due to the coronavirus shock to the global economy, the world’s oil demand is expected to drop by 9.1 million barrels per day (bpd) in 2020 – a larger demand…
August has historically been brutal for oil and gas stocks. According to data from Schaeffer Research, the energy sector has consistently underperformed in August, with returns coming in negative in…
China continues to expand its influence in the Middle East through oil and infrastructure deals, and the latest deal with ADNOC is a great example of how Beijing looks to…
The coronavirus pandemic has already destroyed oil demand growth. It has dented oil demand. It has sent oil and gas companies under. It has stymied exploration and production the world…
A seasonal lull in oil trading has kept price movements largely range-bound recently, but this can still change this week as OPEC and the International Energy Agency are…
If COVID has solidified one thing, it is that playing the market must be democratic. And as always in a democracy, people get what they deserve: That means…
Oil prices got a boost on Tuesday on fresh hopes of progress in coronavirus vaccine trials, though the oil industry still has a long road ahead before seeing a full…
When Turkey’s ruling Justice and Development Party (AKP) took power at the beginning of the century, the principle that got hold of the country’s foreign policy was called ‘zero…
Chinese electric carmakers continue savoring becoming Tesla-competitive in their home market — while keeping the door open to Tesla’s home court and stock market success. Chinese…