Namibia wants to join OPEC…
WTI crude hangs above $80…
The energy sector has underperformed…
The upstream oil and gas business is recovering from one of the worst slumps in recent memory as oil prices sit at around $75 per barrel and global…
Growing uncertainty over the OPEC+ agreement and warnings from the IEA of another oil price war has caused volatility in oil markets to spike.
Crude oil has been having a great 2021 so far—a very different situation to last year’s when the pandemic devastated demand for all commodities fueling a price rout…
An area of thawing permafrost is threatening a stretch of a major Alaskan pipeline as the structure experiences damages from the changing weather.An 810-foot…
Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the…
As the spread of the novel coronavirus disrupted industries around the world, the rate of global greenhouse gas emissions took a big dip. BP’s annual
China’s crude oil imports fell to some 9.77 million barrels daily last month, down 2 percent on May and the lowest monthly level since the start of the year, Reuters…
U.S. shale oil production will increase by a modest 42,000 bpd in August, according to the Energy Information Administration. In its latest Drilling Productivity Report, the EIA forecast that…
OPEC+ could take until August to decide whether to adjust production baselines, Arab News reported, citing JP Morgan analyst Christian Malek. According to Malek, the oil cartel could take…
The oil market has been on edge for a week now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said on…
The transformation of Saudi Arabia’s flagship asset, Aramco, from perpetual cash-generation machine into a debt-laden giant is set to pick up pace in the coming weeks with a…
Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in…
When last year BP vowed to reduce its oil and gas output by 40 percent by 2030 as it shifts to renewable energy, it came as…
With the global electrification drive in full swing, electric cars have constantly been improving in terms of mileage, performance, charging time—and costs. And, Wright's law
The United States may have seen 2021 gasoline demand peak around the July 4 holiday, but increased airline traffic at domestic airports bodes well for the overall recovery in oil…
Oil prices have continued to rally this year as economies recover from impaired pandemic levels, however, calendar spreads have been unable to realize their bullish intent. In fact,…
After an exceptionally tough 2020 and poor start to 2021 for Colombia’s oil industry, the country’s energy ministry is betting on an offshore…
A university in South Korea has designed an eco-friendly toilet that turns waste into energy and cryptocurrency, which university students can use to buy food and coffee on campus.…
Wealthy economies must help with financing India’s energy transition, Bloomberg reported this week, citing the country’s Environment Secretary. “Every policy decision has a cost to the economy. Going net-zero…
About 90 percent of the work on the Iran nuclear deal has been done, but the 10 percent that remains might prove a tough nut to crack. That’s according to…