The Biden administration has canceled…
Plastics will come to account…
From the pariah of industries last year, energy has become a Wall Street darling once again. In the year to date, energy has gained 17 percent on the S&P 500.…
U.S. crude oil production has plunged by as much as 40 percent due to the Polar Vortex that brought freezing temperatures to swathes of the United States, most notably including…
President Biden’s assumption of power has instilled a new sense of hope in Venezuela’s political leadership, with Nicolas Maduro stating that his country was willing to “walk a new path…
The new energy policies brought forward by the Biden administration in the US are set to rock the country’s oil and gas industry. There has been much discussion over the…
OPEC’s largest producer Saudi Arabia looks to reverse its unilateral extra production cut of 1 million barrels per day (bpd) after March ends, in view of the recent rally in…
Major energy companies are becoming increasingly sensitive to drilling in high-risk environments such as the Arctic, Barents Sea and the Amazon Basin. A combination of highly volatile oil…
The release of a major report last week by the International Energy Agency (IEA) highlighting that India will make up the biggest share of energy demand growth from now until…
The global oil market is balanced and the current price of oil fully reflects this market situation, Russian Deputy Prime Minister Alexander Novak said in an interview with Russian…
Portfolio managers further increased their long positions in the most traded petroleum contracts, with bullish bets focused almost entirely on the U.S. benchmark WTI Crude, Reuters columnist John Kemp wrote…
In order to avoid the worst effects of global warming, the world will have to make drastic changes this decade. In a damning report released by the United…
As Trinidad and Tobago continue to explore for major oil and gas fields in the Caribbean region, the Bahamas Petroleum Co. has made a non-commercial oil discovery.
The saying has it that in every crisis there is opportunity, and the oil industry is no exception, with efficiencies and targeted investments being the prime focus areas…
Rosneft reported a 79-percent drop in 2020 net profits to $2.2 billion (147 billion rubles), with its fourth-quarter result hitting a record high after a loss in the third…
OPEC expects oil demand to rise by 5.8 million barrels per day (bpd) this year, down by around 100,000 bpd from last month’s projection due to lockdowns in major developed…
While the oil market rebalancing looks fragile in the first quarter of 2021, global oil stocks are expected to rapidly draw down in the second half of this year as…
Anglo-Dutch supermajor Shell has reaffirmed its commitment to becoming a net-zero company by 2050, saying that its oil production peaked in 2019 and is set for a…
Colombia is not a country usually associated with crude oil. Low proven petroleum reserves and falling production see Colombia rank well behind many of the global oil heavyweights,…
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 6.6 million barrels for the week to February 5. Gasoline and middle…
The growing number of Western countries aiming for net-zero emissions by 2050 and the U.S. Administration’s drive to limit oil and gas extraction on federal land and waters are likely…
Since the formation of the new system of governance in Iraq in 2003 immediately after the fall of Saddam Hussein there have been a slew of problems between the Federal…