The total number of active…
The recent ban on Russian…
Whatever you think of CNBC pundit Jim Cramer, and opinions do vary, he has shown a knack in the past for coming up with phrases and acronyms that pass into…
Friday July 12, 2019 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
After weeks of gloom, the oil market is tightening up once again. But it’s not clear how long the upward cycle will last. OPEC admitted this week that it…
Last week Saudi Arabia announced that it is to launch its first Euro-denominated bonds shortly, following the recent bond issue from Saudi Aramco. At around the same time, the effective…
Oil and gas companies could face greater regulatory pressure to disclose their financial risks to climate change in a Democratic administration. Senator Elizabeth Warren (D-MA) reintroduced legislation this week…
Shell has furthered its stated commitment to cleaner electricity by investing in a U.S startup that has developed a blockchain-based platform for energy sharing. The startup, LOW3 Energy, said…
Oil demand is looking shaky, and cracks in the global economy are also a major headwind, but there is a case to be made that oil prices could rise…
Insurance rates for tankers going through the Strait of Hormuz have skyrocketed tenfold in the two months since the first attacks on tankers off the coast of the UAE, CNBC…
OPEC continues to be one of the main talking points for the oil industry. After the OPEC/OPEC+ agreement to prolong the supply cuts all the way through March 2020, it…
Exxon’s Generous Royalty Deal in Guyana Is Safe, For Now Investors have been waiting to see what the outcome of the latest political crisis in Guyana would be in the…
Saudi Aramco has awarded 34 contracts worth a total of US$18 billion to boost the oil production capacity of two fields by 550,000 bpd, in order to sustain its…
A report about Egypt detaining an Iranian tanker from an Arab news outlet carried by Middle East Monitor is false, TankerTrackers.com co-founder Samir Madani told Oilprice. The report said…
China set a fresh monthly crude oil import record in April and continues to import growing volumes of crude oil this year, accounting for an estimated two-thirds of global oil…
Carmakers in Europe and North America are having a hard time with the much-hyped EV revolution that they are all eager to take part in. It’s a struggle to make…
The space race is heating up, with Richard Branson's space tourism business, Virgin Galactic, revealing its plans to go public by the end of 2019. Billionaire Richard Branson's space-tourism venture,…
Geopolitical tensions and OPEC+ cuts appear to have put a floor under oil prices, countering fears of a global economic recession
Tesla fans who plan on buying a Tesla in the future might want to hurry up as the EVs could become a lot more expensive once the company’s output becomes…
Lower output from Russia’s largest oil producer Rosneft has resulted in total Russian production falling to a near three-year low in early July, Reuters reported on Tuesday, citing industry…
OPEC and allies had little choice but to roll over their production cuts into the first quarter of 2020 amid higher-than-average global inventories, continued uncertainties over the global economy and…
A blackout struck a major Venezuelan oil refinery, crippling operations at a time when oil production had appeared to be stabilizing. It’s been an odd few months for Venezuela, where…