OPEC didn't manage to actually…
The U.S. national average price…
Robust demand and a renewed…
Employees worldwide are receiving mixed information about the outlook of oil and gas jobs as some experts believe the current geopolitical situation will drive employment figures up while…
Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, as…
European benchmark gas prices jumped at the start of this week as Europe struggles to replace Russian gas losses to fill storage sites ahead of the winter. At the start…
Goldman Sachs continues to be very bullish on energy and believes that the upside risk in crude oil and refined products “is tremendously high right now,” Jeffrey Currie, global head…
The idea of putting a price cap on Russian oil exports in order to keep the oil flowing but reduce the Kremlin's revenues from it might sound rather exotic at…
Oil well re-fracking is on the rise in the United States as shale producers seek to boost production without making significant investments in new wells, Reuters has reported. Re-fracking…
The world's most-watched oil data report won't be released this week due to a power problem. Oil prices, meanwhile, are climbing higher on Friday to cancel out losses from earlier…
The number of total active drilling rigs in the United States rose by 13 this week, according to new data from Baker Hughes published on Friday. The total rig count…
The oil price rally has really cooled down over the past three weeks, with oil prices declining to levels last seen prior to Russia's invasion of Ukraine. A…
U.S. President Joe Biden met on Thursday with governors, labor leaders, and business leaders to discuss the implementation of more offshore wind capacity, snubbing oil company executives who were…
Crude oil is a notoriously inelastic commodity—whatever its price, consumption does not vary greatly. Yet per a notorious industry joke, the only cure for high oil prices is…
Iranians are consuming fewer fruits and vegetables as skyrocketing prices shake the country's food security. Ismail Moradian, the vice-president of the Fruit and Vegetable Sellers Association,…
The European Bank for Reconstruction and Development (EBRD) is lending Moldova 300 million euros ($316 million) to help it secure additional gas reserves that could offset possible supply…
As European LNG buyers are snapping up cargoes from the United States in a race to replace Russian pipeline deliveries, America has become a major supplier to Europe,…
Sanctions against Russia have intensified Europe’s search for alternative energy suppliers. One of them is Colombia whose President Duque seeks to take advantage of the country’s coal reservoirs.…
China is reportedly mulling more tax breaks for electric vehicles, just months after it was widely thought that Beijing would be phasing out subsidies for EVs.
Oil prices will likely remain elevated at over $100 per barrel for the rest of this year as the Russian invasion of Ukraine roils markets and changes trade flows, according…
As fears of a global recession deepen, oil prices may end the week with the first five-day consecutive losses since April, Bloomberg has reported, also noting the Fed’s intention to…
Global energy investment is on the rise and expected to grow by 8 percent annually this year, pushed up by record spending on clean energy, the International Energy Agency (IEA)…
While everyone has been watching the price of oil and how high it might go, one other commodity that is now considered critical for our future has been…