Despite its pledges to go…
The OPEC+ meeting ended in…
China has been cautious to…
Bullish sentiment is once again building in oil markets as supply disruptions mount and global oil demand growth continues unabated.
The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count…
OPEC’s crude oil production fell in June compared to May, due to outages in Libya and Nigeria, and the 10 cartel producers bound by the OPEC+ pact lifted their combined…
Oil prices started the month of July rising by 2% early on Friday, rebounding from Thursday’s losses after Libya declared force majeure on more crude export terminals, adding further concerns…
Libya’s National Oil Corporation (NOC) declared force majeure on crude exports from its oil terminals amid continued blockades of production and ports, which have severely crippled Libya’s oil exports.…
On June 30, by a six to three vote, the US Supreme Court issued its long awaited ruling for West Virginia vs the Environmental Protection Agency. Lawsuits filed mainly by…
Nuclear power capacity needs to double worldwide over the next three decades to reach net-zero carbon emissions targets to ensure energy independence, argued the International Energy Agency (IEA).…
Parts of the Western and Midwestern U.S. states are at elevated risk of blackouts this summer as utilities struggle with supply-chain problems and extreme weather events become more…
Two years ago, the French government asked Engie, the power utility major, not to rush into signing an LNG delivery deal with U.S. energy giant NextDecade, with unnamed…
After three straight days of gains, crude prices fell on Wednesday and have continued to slide on Thursday's intraday session after a report…
Brent prices are expected to average $106.82 a barrel in 2022, the monthly Reuters poll showed on Thursday—and that’s the highest average oil price forecast in the survey so…
For the first time ever, the European Union has imported in June more liquefied natural gas (LNG) from the United States than gas via pipeline from Russia, as Moscow slashed…
Oil prices may be heading for their first month of declines since November as fears intensify about the global economy swinging into a recession, in large part because of…
The OPEC+ meeting ended in a relatively quick fashion on Thursday, agreeing to boost production by 648,000 bpd in August, according to Energy Intel’s Chief OPEC Correspondent, Amena Bakr. The…
Ever since China gave Saudi Crown Prince Mohammed bin Salman (MbS) the opportunity to save face after his many unsuccessful attempts to float Saudi Aramco in what was…
The production pact OPEC+ struck in April 2020 is set to end a month earlier than initially planned, in August 2022. The oil-producing group, however, is already facing…
The new global order after the Russian invasion of Ukraine is set to create new winners and losers in energy as trade flows are changing. Russia…
Despite repeated commitments to emission reduction and a switch to cleaner energy sources on the part of governments in Europe and North America, oil investment is about to…
Copper prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic…
China will provide subsidies to its oil refiners if international oil prices jump to over $130 per barrel as the world’s largest crude oil importer looks to ensure fuel supply…