Increased domestic offtake capacity and…
Argentina's Vaca Muerta shale play…
One of the Middle East’s largest oil producers, Kuwait, announced on Sunday a “huge” discovery of oil and associated gas in an offshore field east of Failaka Island. Preliminary…
Numbers Report – July 12, 2024 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week…
Brent crude soared to $86 per barrel as better-than-expected U.S. inflation data stirred hopes of a September Fed rate cut.
The energy transition is showing signs of losing momentum over the past few months. EV sales are slowing, wind and solar capacity additions are not expanding fast enough,…
Russian shipments of oil products dropped by 4.2% in June compared to May, on the back of stronger domestic fuel consumption and unplanned maintenance at refineries, according to
The U.S. Federal Trade Commission (FTC) has sent a second request for additional information to ConocoPhillips and Marathon Oil while reviewing their proposed $22.5 billion merger, ConocoPhillips said on…
Kurdistan hasn’t been able to export its oil via a pipeline for more than a year now, but crude continues to flow out of the semi-autonomous Iraqi region—on tank trucks…
Despite increasing pressure to defund oil and gas firms in support of international decarbonisation efforts, many major banks are continuing to provide financing to fossil fuel companies. A recent
China’s imports of crude oil slumped by 11% in June from a record-high in the same month of 2023, amid tepid fuel demand and lower run rates at independent refiners. …
Crude oil prices were set for a weekly decline despite earlier gains made largely on the back of economic data. The latest update that caused the…
More than 50 oil tankers that have previously transported Russian oil are now sitting empty and idle in the Baltic Sea, the Black Sea, offshore Russia's Far East, China, South…
Virtually every single forecast about the future of transport focuses on its electrification—on the idea that EVs will take over roads, displacing the internal combustion engine and making it history.…
Global oil demand growth continues to slow down amid underwhelming Chinese consumption, the International Energy Agency (IEA) said on Thursday, keeping its growth forecast at more than half of OPEC’s…
Peak summer temperatures in some parts of Europe are threatening the normal operation of refineries, Bloomberg has reported, citing the situation in Greece…
Saudi Aramco has attracted orders worth a total $31 billion for a fresh bond the company said it would place on international markets. The size of the bond…
Oil prices have been climbing for the last four weeks, though the climb has been hesitant, uneven, and has failed to convince traders of a stable trend. But with the…
Crude oil prices went higher today, after the U.S. Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 5. This
In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review provides a comprehensive picture of supply and demand…
A fiscal crisis, near economic collapse, and civil unrest have the government of Suriname, one of South America’s poorest countries, hungrily eyeing neighboring Guyana’s oil boom, which made that…
When Reuters reported earlier this month that Asian oil imports had declined moderately during the first half of the year, many, if not most, traders immediately turned their attention to…