Crude oil prices went lower…
When the illusion of unending…
Sub-Saharan Africa is responsible for just 3% of all global greenhouse gas emissions, but is heating up faster than anywhere else on the planet. Africa is
Oil and gas will have a role to play in the energy system for decades to come, BP’s chief executive Bernard Looney said on Monday, adding that the industry should…
U.S. shale production is back to growth mode as producers continue to add rigs onshore. Output will continue to climb over the next year as some large oil…
After months of rollercoaster moves in European nat gas prices as energy producers and traders jockeyed for position ahead of what could be a brutal winter, all…
“Everybody is predicting a surplus of supply starting from the first or second quarter,” next year, Russian Deputy Energy Minister Pavel Sorokin told Bloomberg on the sidelines of this week’s…
The oil industry is not investing enough to meet growing energy demand, including for crude, which could lead to a series of energy crunches down the road, oil expert Daniel…
Senate Majority Leader Chuck Schumer has called on President Biden to release oil from the strategic petroleum reserve in order to bring retail fuel prices down ahead of the holidays.…
President Joe Biden and his administration hardly planned for everything that happened this year. In fairness, no administration could have planned for it: soaring oil and gas demand,…
The planned Cambo oilfield in the U.K.’s North Sea, thought to hold 800 million barrels of oil, faced significant pressure in the lead up to COP26, as Prime…
Could fossil fuels and Big Oil actually become ‘worthless’ within the next few decades, and what would this mean for the global economy? New research
Adventurous options traders placed bets this week on oil prices hitting $250 and even $300 per barrel, betting for the first time this year that oil could exceed $250, ICE…
Energy industry insiders have slammed a proposal by a group of Democratic Senators to ban U.S. oil exports in a bid to rein in retail fuel prices. "That proposal does…
Rosneft chief executive Igor Sechin said that the rebound in global demand for oil and gas and the gap between supply and demand could lead to a new supercycle for…
Pressured by investors and society, the global oil industry is looking for ways to stay in the game by meeting the world's growing demand for energy, including crude,…
Amid efforts by the Biden administration to put a lid on fuel prices, it was the passage of the Democratic-sponsored $1-trillion infrastructure bill last weekend that became the…
Independent refiners in China boosted imports of oil from Iran between August and October, attracted by the cheaper Iranian crude despite the risk of running afoul of U.S. sanctions, Reuters…
Crude oil fell today after the Energy Information Administration reported an inventory build of 1 million barrels for the week to November 5. This compares with a build…
Crude oil demand is rebounding faster than supply, pushing prices higher, the Energy Information Administration said this week, noting that the price of West Texas Intermediate had reached…
The Biden Administration is considering tapping the Strategic Petroleum Reserve as a potential tool to bring down the gasoline prices in America that have hit a seven-year high…
Ahead of the new iteration of the ‘Joint Comprehensive Plan of Action’ (JCPOA) that Iran expects to have in place before 20 March 2022