The Biden administration has canceled…
The total number of active…
Crude oil prices ticked higher…
Unlike European supermajors, U.S. Chevron doesn’t have any plans to reduce its oil and gas business to invest in solar or wind power, chief financial officer Pierre Breber said at…
With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF)…
The OPEC+ alliance is widely expected to decide next week to further ease the collective production cuts, but the additional supply from August will likely still be less than the…
$100 a barrel oil “sure is possible,” Harold Hamm, executive chairman at Continental Resources, told FOX Business on Thursday, commenting on oil prices and supply and demand on the…
Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally…
The United Arab Emirates (UAE) is the key Arab state at the centre of the U.S.’s Middle East pushback against increasing Chinese and Russian influence across the region via the…
Canada’s climate is heating up at a rate twice as fast as the rest of the world. In order to avoid the worst impacts of climate change, experts…
The Guyana-Suriname Basin, which the U.S. Geological Service estimates hold crude oil resources of up to 33 billion barrels, is in the midst…
This month, Gazprom launched the first of six lines of the Amur Gas Processing Plant (GPP). By 2025, when the plant reaches its design capacity,…
The ‘day of reckoning’ for Big Oil, when events at boardrooms and courtrooms issued last month the starkest warning to oil majors’ license to operate yet, was hailed…
Three Big Oil chief executives have joined analysts and traders in expecting Brent crude to reach $100 per barrel, Bloomberg reports. Exxon’s Darren Woods, Patrick Pouyanne of TotalEnergies, and Shell’s…
Oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 7.6 million barrels for the week to June 18. This compared with…
Oil prices rose early on Wednesday, driven by brighter economic prospects for the United States and continued recovery in oil demand in America and elsewhere in the world. As of…
The United States has agreed to lift all sanctions on the Iranian oil and shipping industry and to remove several senior officials from a blacklist, Reuters has reported, citing…
For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by…
Gulf oil producers are finding it difficult to diversify their economies away from their biggest export revenue contributor, and it may take them at least a decade to…
Electric vehicles have been touted as the greatest invention after sliced bread mostly because of the critical role a switch to emission-free vehicles would play in the decarbonization…
In a dramatic reversal of fortunes, Beijing has announced huge cutbacks in import quotas for the country's private oil refiners. According to Reuters,…
Despite trading at above $74, Brent prices retreated following the comments made by the chairman of the Federal Reserve which gave a boost to the US dollar.
Oil prices soared on Monday as optimism around demand grew, but rumors that OPEC+ is considering boosting its oil production in August sent prices lower on Tuesday morning