As fuel prices throughout Asia…
Oil prices dipped by 6…
Germany is upping the ante in its confrontation with Russia, saying that it will end Russian oil imports by the end of the year, whether or not the EU agrees…
Shanghai is expected to return to more or less normal life as of June 1, the deputy mayor of China’s financial hub with 25 million residents said on Monday—and…
Saudi Aramco reported a net profit of $39.5 billion for the first quarter of the year on the back of increasingly strong crude oil prices. The figure represented an…
Governments, energy firms, and International Organisations have their eyes on Mexico’s energy sector as President Andrés Manuel Lopez Obrador (AMLO) seeks to nationalise Mexico’s energy sector, once again,…
European drivers who are already experiencing substantial pain at the pump are about to get even more unhappy as the market for naphtha, a key ingredient in gasoline, tightens amid…
Two months ago, the International Energy Agency sounded an alarm about global crude oil supply, predicting that Western sanctions on Russia would remove as much as 3 million…
Russia’s crude oil production could drop to its lowest level since 2004 if the EU imposes an embargo on imports of Russian oil, according to estimates from the International Energy…
Once upon a time, Big Tech stocks were all the rage on Wall Street, with investors bidding them up to crazy heights. To wit, the famous quintuple of…
OPEC continues to undershoot its oil production target in the OPEC+ deal, failing in April to boost output as much as required by the agreement. All 13 members of OPEC…
Slower global economic growth, China’s fight against COVID, and the Russian invasion of Ukraine prompted OPEC to slash for a second month running its global oil demand growth estimate for…
The price of gasoline in the U.S. hit an all-time high on Tuesday as the national average spiked $0.17/gallon from last week to $4.37/gallon
South America’s latest oil-producing nation, the former British colony of Guyana, is continuing to lay the groundwork for its oil boom. In 2015, global energy supermajor ExxonMobil, which…
Crude oil prices fell slightly today after the Energy Information Administration reported inventories had risen by 8.5 million barrels in the week to May 6. This compared with…
Persistently low investment in conventional energy sources risks leaving the world running out of spare production capacity for crude oil, refined products, and natural gas, the energy ministers of two…
The European Union is expected to leave out of the next sanctions package against Russia a proposed ban on EU-owned vessels from transporting Russian oil anywhere in the world due…
Saudi Aramco has reduced its oil export prices for the first time in four months amid Covid lockdowns in China that are spurring concern about demand stability.
The number of total active drilling rigs in the United States rose by 7 this week, after an increase of 3 rigs in the week prior, according to…
After some two decades of failed attempts, the NOPEC (No Oil Producing and Exporting Cartels) Act was passed by a Senate panel on Thursday in…
The passing on Thursday by a U.S. Senate committee of the ‘No Oil Producing or Exporting Cartels’ (NOPEC) bill is the surest sign yet that Washington has finally…
The Organisation of Petroleum Exporting Countries and its partners in OPEC+ led by Russia decided this week they would not increase their target…