The U.S. national average price…
The number of total active…
Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to June 3. This…
The OPEC+ group is currently pumping 2.6 million barrels per day (bpd) of oil below its target, and efforts to boost output per the monthly plans are "not encouraging," the…
The ban by the European Union (E.U.) on Russian oil imports by sea, in the first instance, is likely to affect around 75 percent of Russia’s crude oil…
Market experts consider rising inflation and the Ukraine crisis as the two biggest market risks this year. Runaway inflation has been corroding asset values, limiting buying power and…
The Guyana-Suriname Basin has emerged as the world’s hottest offshore oil play and with the changes occurring to the global energy mix after Russia’s invasion of Ukraine, the…
Kazakhstan has renamed the oil it exports through Russian ports in a bid to avoid contagion from Russia’s new pariah status. The rebranding came after the…
Crude oil prices rose at the start of this week after Saudi Arabia said Sunday it would raise its oil prices for most regions, excluding the United States. The…
The number of total active drilling rigs in the United States stayed the same this week, after the 1 rig dip in the week prior, according to new data from…
Two years ago, British oil and gas supermajor BP Plc. (NYSE:BP) sent shockwaves through the energy markets after it declared that the world was already past…
Europe's extreme dependency on Russian energy products from oil to natural gas is made clear recently from the manner in which they have approached sanctions – with incrementalism, slowly sinking…
Alaska has the potential to provide the US with more oil, but it all boils down to one question: what’s more important, energy security or the environment? This…
Crude oil prices rose further after the Energy Information Administration reported today an inventory draw of 5.1 million barrels for the week to May 27. This compared with…
The OPEC Joint Ministerial Monitoring Committee is recommending an increase in production by 648,000 barrels per day —higher than what was originally agreed, according to Tweets from Amena Bakr, Chief…
China plans to have 33 percent of its electricity sourced from renewable power sources in a new renewables plan by 2025. China, which had a 28.8 percent share of renewable…
The technical panel of the OPEC+ group has reduced its global oil demand forecast for 2022 by 200,000 barrels per day (bpd) ahead of the alliance’s meeting on Thursday, Energy…
Permian oil production growth is set to outpace OPEC heavyweight Iraq this year and next as demand for oil surges on historically tight supply, Rystad Energy…
The Russian invasion of Ukraine has changed global oil trade routes forever. In one of the most significant rerouting of oil flows in recent decades, Europe…
Russia dismissed on Tuesday the partial EU embargo on its oil, saying it is confident it would find other buyers for its crude after the European Union reached a compromise…
Factory activity in China declined more slowly this month, suggesting rebounding demand for energy, in oil specifically. Per a Reuters report, the slowed decline was the result of Covid…
The European Union leaders agreed to cut Russian crude oil imports by as much as 90 percent by the end of the year. The agreement is in principle, and details…