China dominates global seaport trade…
Saudi Arabia is embarking on…
The tight oil market could see some reprieve in the coming two months as refineries plan end-of-summer maintenance, according to Russell Hardy, the chief executive of the world’s…
The Biden administration is offering $12 billion in grants and loans to automakers and suppliers to retrofit their plants to manufacture electric vehicles…
The total number of active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published Friday. The total rig count fell…
Lower oil and gas prices this year and the end of last year’s massive spending before and during the World Cup have slowed down the economic growth in Qatar, one…
“Looks like I picked the wrong week to give up drinking”, says Lloyd Bridges’ wizened air traffic controller Steve McCroskey in the 1980 disaster satire Airplane. You’d imagine…
Speakers at a conference dedicated to Central Asia this week struggled to find good things to say about the region -- or at least enough good to rival…
For many years, there has been a theory that imports of oil would become a problem before there was an overall shortage of fossil fuels. In fact, when I look…
A year ago, Shell had big plans for its decarbonization. These plans included a sharp cut in oil and gas production and the development of a whole new business segment:…
U.S. Crude Trends Upward U.S. benchmark October West Texas Intermediate (WTI) crude oil prices marked a significant uptick, with U.S. crude oil seeing an increase of over $2 a…
1. Gabon Coup Roils West African Markets, Avoiding Disruptions So Far- The second coup in…
Politics, Geopolitics & Conflict In the wake of the death of the Russian head of the Wagner mercenary group in a plane crash, the focus is now on who will…
Crude oil futures have been on a bit of a tear for the last week or so, posting only one down day in the last six days of trading, and…
The coup in Niger has now spread to Gabon, with military leaders on Wednesday overthrowing the long-time president (the Bongo family, which has ruled since the 60s) and…
Bullish sentiment is building in oil markets as U.S. inventory levels continue to drop while OPEC+ production and export cuts are expected to be extended.
Saudi crude oil exports plummeted in August to the lowest in two and a half years as the Kingdom continued to slash production by 1 million barrels per…
After four days of gains, crude oil prices were on track to end their two-week losing streak as traders once again turned their attention from economic indicators to…
Europe’s inventories for middle distillates and heavier products have dropped sharply leading to refining margins skyrocketing with diesel now at $125 per barrel thanks to Saudi Arabia and…
One of the biggest U.S. oil producers, Occidental, has just won one of two grants by the Biden Administration to build the world’s first direct air capture plant in Texas…
Diesel prices have been supercharged this summer, but as Bloomberg's Jack Wittels warns, the moves seem out of kilter with the relatively mundane fundamental drivers, creating the…
Despite big promises, recent reports suggest that international oil majors are doing little to contribute to the green transition when compared to their ongoing investments in oil and gas operations.…