AI's rapid growth is driving…
Iran is facing diplomatic challenges…
Saudi Arabia scales back ambitions…
The world's largest crude oil exchange-traded fund has bled over $2 billion in less than a year. And it's not due to investors finding greener pastures elsewhere with other ETFs;…
China’s Sinochem Energy Technology Co. Ltd., a subsidiary of state-owned multinational conglomerate Sinochem Corp., has successfully completed the shipment of gasoline from China’s Quanzhou City to Singapore using blockchain technology.…
The mergers and acquisitions (M&A) wave sweeping through the U.S. oil and gas industry has reached Canada, which could see a megamerger in the coming months. Smaller deals are…
Despite indicating they would refill the Strategic Petroleum Reserve (SPR) by the end of this year, the Department of Energy
Researchers at The University of Manchester have achieved a groundbreaking advancement in catalyst technology by developing a new catalyst which has been shown to have a wide…
Global oil demand in the summer is expected to be strong as consumption of transportation fuels is set to rise across the board and across regions with summer and holiday…
The OPEC+ group is firmly back in control of the oil market and has the power to have it extremely tight in the second half of the year should it…
Artificial intelligence is helping the oil and gas industry boost output by accelerating drilling and boosting efficiency. It offers similar gains to other industries as well and online platforms and…
Back in January of this year, the Biden administration announced a controversial decision to pause approvals of new licenses to export liquefied natural gas (LNG). President Biden announced that…
The Shell share price hit another all-time high this week as the company continued its positive run. The
Crude oil prices moved lower today after the Energy Information Administration reported an estimated inventory build of 5.8 million barrels for the week to April 5. The authority also…
Dark days ahead in São Paulo, the industrial and commercial hub of Brazil. They noticed last month, after a three day blackout hit the city’s center and its poorer neighborhoods,…
Back in February, crude tankers and product carrier company International Seaways (NYSE:INSW) predicted that tanker freight will remain healthy in the short and long term going forward, thanks to oil supply growth…
Russia’s flagship crude grade, Urals, is currently being exported at a price of around $75 per barrel, per Argus Media data cited by Bloomberg—a price that’s $15 a barrel…
OPEC+ once again extended its oil production cuts this month. The decision was anything but unexpected and, unlike previous production policy announcements, it had the desired effect on prices. However,…
Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago. Energy stocks have…
The scaling back of the megacity project is attributed to budget constraints, with the Public Investment Fund's cash reserves dropping to $15bn in September 2023.Saudi Arabia has scaled…
Given its huge oil and gas reserves, strategically critical location in the heart of the Middle East, and its initial welcoming of the U.S. after the fall of President Saddam…
Morgan Stanley sees heightened geopolitical risk pushing Brent Crude oil prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel…
As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week.