The US Senate has approved…
U.S. supermajors ExxonMobil and Chevron,…
Africa’s biggest oil producer, Nigeria,…
Last month, the Biden administration dealt the fossil fuel industry yet another blow after it proposed the introduction of a carbon tax in a bid to address the greenhouse…
Crude oil prices had a rocky start to 2021. There are plenty of wildcards which will continue to fuel price volatility for the foreseeable future, the most notable…
Higher oil prices and an expected rebound in the global economy and oil demand are set to lower the fiscal breakeven oil price of the major Middle Eastern oil producers…
U.S. national average gasoline prices have been rising in most weeks so far this year, and are expected to reach the highest summer prices since 2018.
Offshore oil has built some well-deserved bad rap over the decades because of oil spills, and it has frequently been the specific target of protest action from environmentalists. But if…
A much-used proverb says: a good neighbor is better than a distant friend. Nowhere is it more suitable than the EU’s position vis-a-vis its largest and most important neighbor: the…
Oil prices will likely be stuck in the $65-$70 range this summer, Morgan Stanley says in a new note, tempering its previous forecast for $70 oil with temporary overshoots because…
Oil prices rose early on Monday, with WTI Crude topping $60 a barrel for the first time in a week after the Fed chair Jerome Powell said that the outlook…
The Houthi rebels from Yemen today claimed yet another attack on Saudi Aramco facilities, involving 17 drones and two ballistic missiles. Reuters has reported the attack, according to the…
Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after plunging…
U.S. domestic demand for natural gas has been falling for a year now, according to EIA data. The authority expects demand will continue down this year as well…
China’s BYD confirmed that it is going all-in on LFP (lithium-iron-phosphate) batteries, scrapping NCM (nickel, cobalt, manganese) technology from its model line-up entirely. BYD, which is…
Coal’s days are numbered. The world’s dirtiest fossil fuel has long since fallen out of favor with climate-conscious policymakers, investors, and constituents alike, and even those who are…
Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions. The…
BMW is the latest legacy automaker to smash its sales comps for Q1, as automakers benefit from 2020's poor sales due to the pandemic. BMW said…
A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that…
Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report…
Oil prices are set to post a loss this week as demand fears and Covid lockdowns counteract optimism over a tightening market.For more…
The pandemic could continue to impact global oil demand until 2024, while the decarbonization plans in major European economies could arise as a new threat to Russia’s oil industry, according…
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 432. Last…