Russia’s crude oil exports plunged…
While American shale production isn’t…
As the EU contends with the lack of Russian crude oil as a result of its restrictions on crude oil imports and the G7's price ceiling on Russian crude oil, the amount of U.S.…
This article is intended to provide an update on one of the key trends I highlighted in my last OilPrice article on shale…
Venezuela is making the most of the global oil shortage, in the wake of the Russian invasion of Ukraine, as the U.S. was forced to make certain concessions…
Refining margins in Asia have dropped in recent weeks as China ramped up exports of fuels amid high export quotas assigned to its refiners in recent months. The…
Crude oil prices inched lower today, after the U.S. Energy Information Administration reported a crude oil inventory build of 4.1 million barrels for the week…
Canada has big plans for its energy workers as the government hopes to launch a ‘Just Transition bill’ to help workers employed in oil and gas operations to…
For the first time in decades, China’s oil and gas demand declined in 2022 as the strict Covid policies curtailed economic growth and mobility. This year, demand is…
After the recent profit-taking on higher oil prices prompted by China’s reopening, traders are once again crowding oil and fuel futures and options. The reasons: China, again, and…
Colombia’s new President, Gustavo Petro, wants to move the South American country away from fossil fuels and replace oil revenues with income from tourism, agriculture, and renewable energy. …
The energy crisis in Europe triggered by the ongoing war between Russia and Ukraine has left the continent short of hydrocarbon supplies and increasingly reliant on liquefied natural…
The five biggest oil majors in the world are expected to report record profits for 2022 in the coming days, for around $200 billion in combined yearly earnings…
ExxonMobil made its first world-class oil discovery in Guyana’s territorial waters in 2015. Since then, the energy supermajor has made over
Oil prices held near 7-week highs on Tuesday morning, with strong demand figures from China fueling optimism in the markets.
Russian crude oil shipments from its key export terminals slumped by 22%, or by 820,000 barrels per day (bpd), last week, compared to the previous week, according to…
Oil prices settled on Thursday at their highest level since December 1 as the market is turning bullish on China’s oil demand this…
Over the past three years, the majority of U.S. energy companies have avoided spending big to expand production in the aftermath of the 2020 oil crisis, prioritizing returning…
A ban on Russian crude oil by the European Union and the US went into effect late last year, forcing Russia to find more buyers in the eastern…
Russia has been hit by waves of Western sanctions for its unprovoked invasion of Ukraine, including its energy sector, a major source of revenue for the Kremlin.
A series of high-quality oil discoveries in Block 58 offshore Suriname combined with investment bank Morgan Stanley estimating that the block contains 6.5 billion barrels of oil sparked…
India is expecting big investments in its oil and gas sector this year, with international oil majors such as Chevron, Exxon, and TotalEnergies showing interest. This follows the…
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