Blackrock's Michael Dennis said that…
Canada faces an escalating threat…
The Financial Times, citing unnamed…
U.S. oil companies have started pulling their crude oil back from government storage tanks, suggesting that the glut that forced them to stash it there in the first place is…
The market is gradually beginning to give credence to something I've been discussing in past OilPrice articles for a long time now. In a June, 2020 article entitled,…
Since the landmark deal that saw OPEC+ agree to cut nearly 10 million barrels per day of oil production to clear the global gut created by the coronavirus pandemic and…
Hydrogen, the most abundant element in the universe, has been stealing the spotlight from EVs and renewables lately. From a sort of boutique car fuel a couple of…
Central now to Russia’s hydrocarbons-related power is its Arctic sector oil and gas reserves. These comprise over 35,700 billion cubic metres of natural gas and over 2,300 million…
In one of the most challenging quarters for the oil industry in recent memory, the five Big Oil firms wrote down nearly US$50 billion from the value of…
While the world is still awash with oil that it cannot quickly get rid of during a time of historic demand crumbling, the world’s largest oil company is looking to…
Crude oil markets remained optimistic over the past week supported by several bullish factors. Brent spot prices rose above $46 for the first time since April on a much weaker US…
The world’s biggest oil-producing and oil-exporting company, state oil giant Saudi Aramco, is optimistic about the pace of oil demand recovery in Asia, chief executive Amin Nasser said on…
Saudi Arabia’s oil giant Aramco said it will distribute dividends of $18.75 billion for the second quarter despite taking a severe hit to its earnings from the oil price crash…
Libya's port blockade is set to keep the North African country's oil off the market until at least the fourth quarter of 2020, which, as devastating as it will be…
Oil prices were down early on Friday as demand concerns persist, but prices were on track for a weekly gain after hitting a five-month high as the U.S. dollar weakened…
If there was one thing the last oil price crisis proved, it was this: despite the devastation that low oil prices can wreak on an industry, they can…
Back in 2014, every citizen in oil-rich Norway became a theoretical millionaire after the country's oil fund - the world's largest sovereign wealth fund - crossed the $1…
Guyana has become one of the main upstream stars of the past decade, rising from zero to hero in less than 5 years. Much of Guyana’s rise to…
Saudi Arabia, the world’s top oil exporter and the main force behind the OPEC+ production cuts, faces a too familiar dilemma just four months into the new collective…
Miner and commodities trader giant Glencore (LON: GLEN) posted a $2.6 billion loss for the first half of the year and scrapped its…
Oil spiked on a larger than expected inventory draw this week, but fears of a second wave of COVID have caused crude prices to retreatFor Global Energy Alert…
Baker Hughes reported on Friday that the combined oil and gas rig count in the U.S. fell this week by 4, to 247. The total oil and gas rigs are…
U.S. West Texas Intermediate crude oil futures are trading lower on Friday but in a position to close out the week with a small gain after hitting a multi-month high…