U.S. supermajors ExxonMobil and Chevron,…
Amid efforts to counter climate…
Higher oil prices are expected…
Oil prices rebounded early on Wednesday, rising by more than 1 percent, as nearly 80 percent of the total crude oil production in the U.S. Gulf of Mexico remains shut-in…
When GM earlier this year started recalling Bolts, it issued a warning to owners of the EV: don’t charge your car battery to 100 percent. Normally, this would…
India's crude oil demand has been on the mend since mid-summer. It is likely to continue along this same vein for quite a while, with at least one…
The Abu Dhabi National Oil Co (ADNOC) is the key corporate proxy at the centre of the U.S.’s Middle East pushback against increasing…
The oil and gas industry is back in consolidation mode after a low point in the spring of 2020 during the worst of the oil price and demand…
Oil prices fell on Tuesday morning as fears grew that Asian demand would not recover as quickly as originally expected. Supply disruptions from Hurricane Ida were not significant enough…
Canadian pipeline giant Enbridge is buying a U.S. midstream operator for US$3 billion, betting on advancing its strategy to export from the U.S. Gulf Coast low-cost crude…
The OPEC+ alliance looks to keep oil prices in the range between $65 and $75 per barrel, and this is a comfortable price for consumers, Vagit Alekperov,…
Successful economies have several things in common, including a stable and reliable energy system with relatively affordable prices for households and businesses. This puts developing countries such as…
China’s crude oil imports averaged 10.25 million bpd daily last month, more than 5 percent higher than in July, energy analytics provider OilX has reported. Customs data…
Oil prices erased earlier gains and fell on Tuesday morning as a rising U.S. dollar and concerns about demand weighed on market sentiment. As of 8:40 a.m.…
The increasing frequency of both natural and man-made catastrophes such as worldwide pandemics and climate catastrophes has re-validated the urgency to establish humanity as a multi-planet species. Indeed,…
The oil-dependent South American country Ecuador, which left OPEC in January 2020 to avoid production quotas, has embarked on an ambitious plan to double its oil output. The…
In a stunning turn of events, the Taliban swept across Afghanistan seizing the capital Kabul nearly three weeks ago and taking control of the country in a campaign…
Just a few weeks ago Oilprice reported that India is nowhere near ready to kick fossil fuels. As the country’s population continues to…
More than a week after Hurricane Ida made landfall in Louisiana, nearly 90 percent, or some 1,6 million bpd of U.S. Gulf oil production remains shut-in, more than…
Europe’s oil demand, especially road fuel consumption, has rebounded in recent weeks, as many Europeans hit the road for late summer vacations after a year and a half of restrictions…
Saudi Arabia slashed the official selling prices (OSPs) for its oil exports to Asia in October more than expected in a move seen as the world’s largest crude exporter…
Earlier this year, as oil prices recovered from their pandemic lows and oil-producing companies miraculously stuck to their pledged production cuts, headlines were flooded with semi-alarmist speculation about…
After a dreary stretch that saw oil markets record the worst monthly loss this year, the markets have kicked off trading in September on a brighter note. Both…