OPEC has repeatedly argued that…
The rapid growth of renewable…
Amid efforts to counter climate…
As North Sea oil exploration and production will continue for years to come, oil companies look at ways to reduce emissions following significant criticism from environmentalists. But will…
Despite growing demand fears due to new outbreaks of covid across Asia, oil prices have remained resilient this week.
Despite a slowdown in fuel demand due to the Delta variant, Asian refiners have booked more crude oil from the United States for the fourth quarter, taking advantage of the…
Oil prices fell for a second consecutive day early on Friday, hit by weakening demand estimates and China closing a key terminal at the third-busiest port in the world. …
Brazil is on its way toward becoming the biggest supplier of offshore oil globally, contributing some 1.3 million bpd in 2025, World Oil reports, citing a new report by…
OPEC+ is unlikely to respond with increased production to the U.S. calls amid the surging Delta variant, which is set to dampen short-term oil demand, Goldman Sachs says. Earlier…
President Joe Biden has lately sought to soothe fears that rising inflation could hurt the U.S. recovery and undermine his $4-trillion spending plans. This comes after U.S. inflation…
The aggressive push to decarbonize the world economy is forcing big oil to examine how the carbon emissions of its operations can be reduced with a goal of…
The pandemic, social unrest, and substantial fiscal pressures in Buenos Aires are all weighing heavily on Argentina’s petroleum industry and the burgeoning oil…
One week after we first observed the staggering surge in European natural gas prices, those same prices hit a new record high as a slow at first, then…
Uganda is set to be a key focus of African Energy Week (AEW) in Cape Town this November, as its flourishing oil industry looks set to boom in…
This week the United Nations and the Intergovernmental Panel on Climate Change (IPCC), the world’s leading authority on global warming, released a devastating report
Japan’s recent revision to its Strategic Energy Plan (SEP) lowers the targeted share of liquefied natural gas (LNG) in the country’s power generation mix in 2030 to 20%…
A senior Biden administration official has asked the head of the Federal Trade Commission to look into the possibility of price gouging and other illicit practices that could swell gasoline…
Global oil demand is expected to average 96.6 million barrels per day (bpd) this year and exceed 100 million bpd in the second half of 2022, OPEC said on Thursday,…
OPEC+ has not yet discussed President Biden's call on the cartel to increase oil production in a bid to reduce prices at the pump for American drivers, Russian Sputnik reported,…
A new era in deepwater drilling is about to begin. With the sanctioning of the Anchor project super-major operator, Chevron, NYSE: CVX) signaled that it was ready to…
Canada’s oil industry, which operates one of the world’s most emission-intensive ways of pumping crude, has recently pledged to work to make the oil sands net-zero emission by…
The U.S. oil industry continues to show capital discipline—a concept that was rather unpopular in the shale patch prior to the 2020 oil crash and crisis.
Last week, President Joe Biden came out with an executive order aimed at making half of all new vehicles sold in 2030 electric…