OPEC has repeatedly argued that…
The United States continues to…
Washington’s focus on disrupting narco-trafficking in Latin America, through a combination of coca crop eradication, enforcement and seizures is placing pressure on criminal organizations to find other sources…
Despite the re-emerging Covid 19 crisis in India, oil prices maintained momentum even as OPEC+ has decided to go ahead with previously agreed production hike plans. Oil prices…
Last year might have been a harrowing one for oil markets, but dozens of big-time oil traders netted tons of profit harnessing the volatility opportunities. Exxon wasn't among them. The…
“California needs to move beyond oil,” Governor Gavin Newsom said on Friday when he directed the Department of Conservation’s Geologic Energy Management (CalGEM) Division to initiate regulatory action to…
In a virtual climate summit with 41 world leaders, President Joe Biden on Thursday unveiled an ambitious 10-year Climate Plan that has proposed cutting U.S. greenhouse gas emissions by 50-52%…
As Guyana prepares to become a major oil production nation the spotlight is firmly on the Guyana-Suriname Basin and the former British colony’s neighbor Suriname. After decades of…
Given the ongoing imbalance between global oil supply and demand in the wake of the major waves of Covid-19 that hit the world last year, news that Libya is now…
After falling below 1 million barrels per day (bpd) last week, Libya’s oil production could be set for recovery above that mark again, as the National Oil Corporation (NOC) said…
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES),…
As the Canadian government, like many others, aims for net-zero carbon emissions by 2050, the nation’s energy industry is investing heavily in innovation and digital technology to enhance…
In the words of prominent Polish politician Piotr Naimski, currently serving as the European country’s plenipotentiary for strategic energy infrastructure, Polish national sovereignty is strongly correlated with the…
The collapse of the Soviet Union was a geopolitical victory for the United States and a disaster for Russia which suffered politically, economically, and socially. Although citizens enjoyed…
Demand for fuel in the world’s third-largest oil importer, India, is crashing amid record new daily COVID cases that lead to tightening restrictions and could slow the global oil demand…
The week got off to a promising start with prices hitting their highest level since March 18 after Libya declared force majeure on exports from the port of Hariga and…
Europe’s upstream segment has two main challenges – environment-related long-term objectives that gradually narrow down oil companies’ maneuvering ability in terms of where/what they can drill and deficit-ridden governments trying…
Iraq’s Oil Minister, Ihsan Abdul-Jabbar, announced last week that the country plans to increase its oil production capacity to 8 million barrels per day (bpd) by 2029, compared…
Crude oil prices saw a tiny dip after the Energy Information Administration reported an inventory build of 600,000 barrels for the week to April 16. This compared with…
During a difficult 2020, Brazil’s hydrocarbon sector demonstrated its resilience in the face of a price crash and the COVID-19 pandemic. Even those events along with heightened geopolitical…
The continuing increase in Covid-19 infections in many parts of the world deepened concern among traders about the future of demand, which led to an outflow from oil…
Global oil demand is set for a rebound between now and the end of next year, with consumption expected to rise from current levels by as much as 8 million…