Four projects were planned offshore…
The Financial Times, citing unnamed…
It was supposed to be a blockbuster quarter for energy names thanks to the ongoing surge in oil prices and it did not disappoint: earlier today Chevron reported…
Oil prices were set early on Friday to end the month of October with a 10-percent gain as the global energy crunch and rebounding demand have reduced inventories and tightened…
The OPEC+ group now expects the oil market to show a deficit of just 300,000 barrels per day (bpd) in the fourth quarter, down from initial expectations of a 1.1-million-bpd…
Last week, California’s Democrat Governor Gavin Newsom proposed a 3,200-foot buffer zone between oil and gas wells and homes, schools, hospitals, and other populated areas across the whole…
Oil inventories on the U.S. Gulf Coast have grown to the highest in about ten years, adding 20 million barrels since the beginning of the month. The increase is due…
Oil prices fell early on Thursday to their lowest level of the past two weeks, after U.S. commercial crude stocks rose more than expected and Iran said the nuclear talks…
Global energy supermajor ExxonMobil is one of the few Western energy companies to invest in developing Guyana’s burgeoning oil industry. Since making the first high quality oil discovery…
As the United States slowly begins to recover from the economic low-point of the pandemic, some states are getting left behind. Jobs numbers…
Libya’s Es Sider pipeline has a major leak that will require a 7- 10-day shutdown for maintenance, NOC reported on Wednesday. The news comes on the back of Tuesday’s report…
Crude oil prices retreated today after the Energy Information Administration reported an inventory build of 4.3 million barrels for the week to October 22. This compared with a…
OPEC+ is ready to risk prices going higher and affecting demand rather than add more supply to curb the upward potential of benchmarks, Reuters’ John Kemp wrote in a…
Chronic underinvestment in new oil supply since the 2015 crisis and the pressure on oil and gas companies to curb emissions and even “keep it in the ground”…
The prospect of Brent crude reaching $90 per barrel is becoming increasingly realistic, and West Texas Intermediate yesterday…
Crude oil production capacity is dwindling globally, and more investments in new production are needed urgently, Aramco's chief executive told Bloomberg. "It's a huge concern," Amin Nasser said, adding that…
OPEC+ needs to remain cautious with its approach to oil production adjustments despite rising prices, Saudi Arabia’s oil minister Abdulaziz bin Salman told Bloomberg in an interview. Bin Salman…
Unless you’ve been living under a rock, you’re probably well aware that oil and gas prices are skyrocketing around the United States and around the world. As the…
Although the OPEC+ alliance is currently ramping up its collective crude oil production slightly above what they had agreed on, not all members of the group can quickly raise their…
According to the International Energy Agency (IEA), Canadian oil is set to decline within the next decade. That has not stopped funding from flooring into new projects however…
Venezuela’s profound economic and humanitarian crisis fails to attract the headlines it once did, particularly after the U.S. recognized interim president Juan Gauido’s May 2019 uprising failed. While…
A week after it reported a sizeable oil inventory build that pushed prices lower for a while, the EIA today said crude oil had last week shed 400,000…