The U.S. supermajors are doubling…
Higher oil prices are expected…
The global upstream M&A market…
With Asia expected to contribute around 90 percent of the world’s growing oil demand over the next five years, we are seeing more and more regional partnerships being…
As oil markets prepare for the OPEC+ meeting, Hurricane Idea took 2 million barrels per day of refining capacity offline, dragging oil prices down.
Despite the COVID resurgence, the oil market will become increasingly tight this year, OPEC+ estimates show, but as the group continues to ease the production cuts into next year,…
For anyone still in doubt about climate change, the recent floods and unusual heat waves around the globe will be difficult to ignore. Floods in China
After several months of slowdowns in spot market oil cargo buys, Chinese importers are once again boosting their purchases, Reuters reports, citing traders and analysts. Lockdowns in response to…
The surge in COVID cases globally could slow oil demand recovery, which will not leave much upside for oil prices for the rest of 2021, analysts told the monthly
Crude oil has had an interesting August, but on the whole, prices are likely to end the month lower than they started it. West Texas Intermediate shed some 6…
The oil market has come through some tough sledding the last 6-8 weeks as doubts about the commitment of OPEC+ to the newly agreed output limits, and the…
An ETF explosion has taken over the financial market as exchange-traded funds enjoy the lion's share of investment dollars globally--even as investors continue flocking to passive funds and…
Old-fashioned civil war had resumed in Afghanistan by about mid-August 2021. Overt internationalization of the war there had ended, but discreet internationalization of the war returned to the battlefield in…
Following its loss of the world’s number one liquefied natural gas (LNG) exporter position to Australia in January, Qatar announced a new output target of 126 million tons…
The European Union's carbon border tax, to enter into effect in five years, was conceived with the idea of leveling the playing field for European industrial producers and…
China is cracking down on its private-sector oil refiners in a bid to close tax loopholes and mitigate pollution. Approximately a quarter of…
Back in April, in the midst of a contentious trade spat and unofficial coal embargo between China and Australia, Oilprice speculated that the…
The oil tanker industry faces brighter prospects in the coming months with more crude set to arrive on the international markets, according to the Nordic American Tankers. In its second-quarter…
Crude oil prices could rise further if OPEC+ stops adding barrels to global supply, which is a possibility after the cartel's next meeting, according to the Kuwaiti oil minister. "The…
As much as 95 percent of oil production in the U.S. section of the Gulf of Mexico has been shut in, as hurricane Ida passed through it before making
The number of oil and gas rigs in the United States rose by 5 this week, according to Baker Hughes—after rising by 3…
The price of WTI crude oil could be headed for a jump of between 20 percent and 50 percent, judging from a bullish breakout pattern that suggests a major rally…
The Fujairah Oil Terminal (FOT) is upgrading its infrastructure to link the storage site with a key crude pipeline and the terminal for supertankers at the Port of Fujairah, in…