A proposed tax on major…
The energy transition, while necessary,…
When policymakers both here and…
Iraq’s crude oil production rose in October and exceeded its quota and compensation target under the OPEC+ agreement, Argus reported on Thursday, quoting state oil marketing firm SOMO. …
Oil prices dropped on Thursday morning as a highly contested presidential election continued to be too close to call as of 11 a.m. ET, although Democratic candidate Joe Biden was…
It became clear pretty soon after the first lockdowns in the spring were imposed: Covid-19, the disease caused by the novel coronavirus, caused a decline in greenhouse gas emissions. It…
China’s crude oil imports fell by 4.88 percent last month from a month earlier, data analytics provider OilX reported. At 10.96 million bpd, imports were more than 560,000 bpd lower…
The world’s top oil exporter, Saudi Arabia, appears unconvinced that near-term demand has much room to grow as it reduced its official selling price for its flagship crude grade to…
As predicted, a second wave of COVID-19 is wreaking havoc on the world economy with many European nations contemplating new shut downs. It looks like it will be…
By reporting a 44.6% decrease in profits in Q3 2020, Aramco has put a major damper on Saudi Arabia’s economic diversification strategies and overall stability. Saudi Aramco reported…
Here’s one fact that somehow transcends logic: Tesla is worth five times more than GM and Ford—combined. The EV company, which for quite some time served as a laughing stock…
The increasingly global nature of natural gas, with the rise of liquefied natural gas (LNG) supply and trade, is making one of Europe’s key natural gas trading hubs…
Although the Texas upstream oil and gas industry remained in contraction in the third quarter, signs have emerged in employment and rig counts that the sector may have already seen…
The global energy sector is at a major bifurcation point, with the energy revolution having grown into an unstoppable force now. The value of fossil fuel investments has…
China’s crude oil imports have fallen in recent months from their record high of nearly 13 million barrels per day (bpd) in June, although imports continue to be considerably higher…
As of Wednesday, the United States has officially left the Paris Agreement, as U.S. President Donald Trump promised in 2017. On November 4, 2019, the U.S. gave a 12-month notice…
Crude oil inventories in the United States shed 8 million barrels last week, the Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw…
Three members of OPEC and Russia are in favor of an extension of the current oil production cuts agreed by OPEC+ in April this year, Iraqi news agency Shafaq has…
With the most recent round of coronavirus-inspired lockdowns in various parts of the world, OPEC may face its biggest challenge yet: cutting even more production
"People have money and they're not spending it on going out to the theater, they're buying goods, CEO Black Gold Investors LLC. The transport…
Last week was devastating for Venezuela, its people and nearly collapsed oil industry. Oil production since the start of 2020 has fallen catastrophically to multi-decade lows, the extremely…
The popularity of light sweet crude oil among refiners is growing at a solid clip. The ongoing push to combat climate change and ever stricter regulations over fuel…
As the world tunes in to the U.S. election, oil markets are actually more interested in COVID developments and OPEC+ promises