Tesla's Full Self-Driving system has…
Crude oil prices ticked higher…
Israeli authorities claimed to have…
The pandemic-inflicted oil demand crash and price collapse did not spare any segment of the oil industry. U.S. drillers and refiners cut oil and fuel production after demand…
The energy industry has been plagued by the sharp and deep drop in oil demand for months, and the outlook does not look too good either—with or without…
Iraq has picked a Chinese state-owned oil producer and trader to pay it upfront for oil, providing much-needed cash to the Iraqi government which has been struggling to make ends…
Energy efficiency has become the next victim of the coronavirus pandemic, with lockdowns and a recession limiting efficiency gains now and into the future as businesses reprioritize investments to cater…
Solar power is heading into a golden age thanks to an unlikely culmination of forces. A new axis of energy has emerged with the United States, the European…
Brent Crude oil prices are likely to stay close to current levels next year, range-bound at around $45 a barrel due to uneven demand recovery, Moody’s said in a report,…
Sharply weaker oil prices and the COVID-19 pandemic are weighing heavily on the outlook for crude oil. It is not only U.S. shale oil and gas which will…
Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fueled bullish expectations of…
The closure of several refineries in the United States in recent months sent the total petroleum refining capacity down to its lowest level since May 2016, the U.S. Energy Information…
Every time Berkshire Hathaway founder and CEO Warren Buffett buys or sells a stock, the investing world tends to sit up and take notice. That’s mainly because the Oracle of…
The oil-producing subsidiary of Russian state gas giant Gazprom, Gazprom Neft, has announced that it plans to launch a fourth well at the Sarqala field in Iraq’s semi-autonomous region of…
One of the world’s biggest commodity traders, privately held Trafigura, delivered record core earnings in what became its strongest trading year ever due to the extreme oil market swings earlier…
It was only to be expected that many of the world’s refiners would be pinched between low demand for finished products and rising inventories as the pandemic lockdowns…
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating…
"There is a massive amount of lithium on earth...there really is enough lithium in Nevada alone to electrify the entire U.S. fleet." Elon Musk, Tesla CEO.…
While oil-producing nations are scrambling to plug budget shortfalls after the price crash, oil importers are benefiting from the low oil prices, and some of them are hedging against higher…
Following Denmark’s announcement to halt its North Sea production last week, activists and regulators are calling on the U.K. to do the same. Critics argue the withdrawal from…
The Energy Information Administration reported today a massive crude oil inventory build of 15.189 million barrels for the week to December 4, after a modest draw of 700,000…
Alberta, Canada’s oil heartland, will go on lockdown for at least four weeks beginning this Sunday after a surge in Covid-19 infections that made the province the worst-affected in Canada.…
Russia has signaled it may be starting to prepare for a permanent decline in crude oil demand over the long term, even after the devastating effects of the…