Not since the Cold War…
Apache, Marathon Oil Corp. and…
The OPEC+ group could influence…
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 5 to 378. The oil and gas rig count has risen…
Crude oil prices fell further today after the Energy Information Administration reported a crude oil inventory build of 4.4 million barrels for the week to January 15. This compared…
Iran has started ramping up its crude oil production eyeing a return to pre-sanction levels in a month or two, Deputy Oil Minister Amir Hossein Zamaninia told media, as
Oil prices will be supported this year by the upcoming massive economic stimulus package in the United States and the low probability of much Iranian oil returning to the global…
Oil prices have risen by 10 percent since the end of 2020 and 8 percent since the OPEC+ meeting two weeks ago, but the rally has nothing to do with…
There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of…
Last year was tough for the global oil industry as the COVID-19 pandemic and an ongoing oil supply glut rocked petroleum-dependent emerging economies, notably in South America, to…
Daimler AG's Mercedes-Benz rolled out its battery-powered EQA SUV as part of a plan to take on Tesla and Volkswagen. Mercedes-Benz's first fully-electric SUV will be available in the coming…
The cold spell that left Asian countries scrambling to buy enough natural gas for heating and electricity generation earlier this month made headlines and spurred a massive rally…
In January 2020, Microsoft launched a company-wide focus on sustainability by announcing an ambitious goal and a detailed plan to become carbon negative…
Majors are eying Suriname as the next big oil player. With recent success in neighbouring Guyana, Suriname offers hope for low-cost oil exploration and production going into 2021. …
With president-elect Joe Biden having vowed to return the United States to the 2015 Paris Climate Accord as a matter of urgency, the clean energy sector is about to gain…
The U.S. crude oil benchmark WTI will average $56 per barrel across the first quarter of this year, the Energy Information Administration has estimated in its Short-Term Energy Outlook…
U.S. shale changed global oil markets. It shook the foundations of OPEC as the one single swing producer group. And last year, it crumbled under the weight of the pandemic…
U.S. President Joe Biden is rescinding the Presidential permit for the Keystone XL oil pipeline project on his first day in office, raising concerns about Alberta’s oil industry and the…
Until very recently, nearly any news out of the Canadian oil sands was certain to be a tale of woe. While Alberta’s oil and gas industry didn’t suffer…
Saudi Arabia narrowly beat Russia to hold…
After a devastating 2020, Rystad Energy projected demand for oil products in the US to grow by 1.08 million bpd in 2021 to 19.1 million bpd. This projection left politics…
Last week’s record-high spot prices of liquefied natural gas (LNG) in Asia may not hold for long, but the surge could be a sign of what the future holds for…
An Israeli firm has announced the first superfast EV battery that can charge in just five minutes. The technology could spark a true EV revolution as it would eliminate one…