The Financial Times, citing unnamed…
Higher oil prices are expected…
The total number of active…
Saudi Aramco, the world’s largest oil company, reported a 44% reduction in revenues in 2020. These losses were largely caused by COVID-demand destruction and lower oil prices. Saudi…
South Korea remains the weakest performer within OECD in terms of renewables’ penetration into the national energy matrix, merely 5% of its electricity generation boils down to green energy. Apart…
Signs have started to emerge in recent weeks that oil demand is recovering and could rebound to stronger levels in the second half of this year. The oil market and…
Keeping the position of key energy supplier to the Old Continent comes at a price. And it looks like it’s a price Russia is ready to pay it. Moscow…
A section of a natural gas pipeline in Venezuela exploded on Saturday, which the country’s energy minister blamed on an attack, Reuters reports, citing a document…
Saudi Aramco reported a net profit of $49 billion for 2020, down 44 percent on the year but still a positive figure despite the pandemic that plunged some major…
Last year was an unprecedented year for natural gas and liquefied-natural-gas (LNG) markets. Whereas natural gas demand declined by 3%, LNG demand proved to be…
First, it was a demand slump across pretty much every manufacturing industry because of the pandemic. Then a surge in demand for electronics caused a shortage of microchips,…
The digitalization of subsurface information to collect data and improve production techniques could enhance exploration and drilling processes worldwide, led by Egypt. A new project from…
Saudi Aramco, the world’s largest oil and gas company, will present its 2020 financial results on Sunday, March 21st. Considering the turbulence and volatility of 2020, Aramco’s results…
Smaller players are eager to recommence talks with Venezuela over its crude oil opportunities before the majors start their attack. The eventual easing of sanctions on Venezuelan oil…
As many developed and even emerging nations aggressively pursue renewable energy targets with a focus on winding down the extraction of fossil fuels, strife-torn Colombia reaffirms that fossil…
It’s not news that COVID-19 wreaked havoc on energy markets across the world throughout 2020. But just to recap, it was a real doozy; total energy demand sank…
Danish oil is attracting attention as INEOS agrees to purchase Hess Corp’s stake in two oil fields within EU producer Denmark. INEOS has agreed the purchase…
The recent aggressive oil price rally appears to have officially come to an end, with WTI having lost more than $7 in one week. Prices began to bounce back on…
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 9 this week. The total number of active oil and gas…
The United States has warned China that it will not turn a blind eye to rising Iranian oil exports to Chinese ports, the Financial Times reported, citing a senior…
Following the massive sell-off on Thursday, oil prices dipped again early on Friday as bearish sentiment continued its hold on the market. As of 9:47 a.m. EDT on Friday,…
The world’s largest oil exporter, Saudi Arabia, increased its crude oil exports to 6.582 million barrels per day (bpd) in January 2021, up from 6.495 million bpd in December 2020,…
Retail investors with long positions in crude oil markets had to endure one of the most volatile years on record in 2020 thanks to the Saudi-Russia oil price war, oil…