Despite having some of the…
Tohoku University researchers have developed…
The crude oil net long…
Tropical storm Isaias is threatening critical oil infrastructure along the U.S. East Coast as it barrels towards the Northeast, Bloomberg reports, noting that the risk has pushed up regional…
On Monday, OPEC’s relaxation of its historic production cuts began—and oil prices responded by falling as the market braced for more oil. Monday morning’s price slide…
Like many Middle Eastern countries in the catastrophic aftermath of Saudi Arabia’s latest oil price war folly against the U.S. shale sector, Oman has been left in the…
The global coronavirus pandemic--a true black swan event--has altered the course of the entire oil and gas industry, and not even the mighty US shale industry will emerge…
Oil prices were up on Tuesday morning, despite the fact that new projections of oil demand destruction in 2020 are very bearish
Tesla looks to significantly expand its retail and sales presence in North America, China, and other countries, as it is gearing up for increased sales over the next years, Electrek…
Range Resources has agreed to sell its North Louisiana natural gas assets for just one-tenth of what it paid for it in 2016, as shale drillers struggle with high debt…
The coronavirus crisis will lead to global oil demand dropping by around 8 percent this year compared to last year, the International Monetary Fund (IMF) said in a new report,…
For the first time since the Deepwater Horizon disaster in 2010, BP (NYSE: BP) slashed its dividend, halving the payout to shareholders after reporting a US$16.8-billion loss for…
A number of high-profile reports last week cited data released on 26 July by China’s General Administration of Customs (GAC) as clear evidence that China did not import…
More than thirty billion dollars: this is the size of the collective debt of oil and gas companies that filed for bankruptcy protection in the first half of…
The youngest internationally recognized nation on earth, South Sudan’s relationship with its oil and gas reserves has been troubled and ambivalent – ever since its first day of existence oil…
Last month, the European Union set out a comprehensive hydrogen strategy as part of its goal to achieve carbon neutrality for all its…
One of the world’s largest oil producers and exporters, the United Arab Emirates (UAE), has just launched the first nuclear power plant in the Arab world.
The weather is going to be hot after all in the short term, forecasts now predict. That prediction sent natural gas prices soaring on Monday by nearly 20 percent as…
Margaret Thatcher hated the UK’s coal miners and especially their union. A series of brutal strikes divided the nation during her regime. But when the time came to…
Oil prices remain stable despite rising pressure over the last week. Economic data from the United States fueled bearish sentiment despite encouraging data from the EIA. The U.S.…
Russian oil companies pumped 16 percent less oil last month than a year earlier, government data reported by Interfax showed. At 39.63 million tons, Russia’s average daily output for…
Oil prices jumped on Monday morning, recuperating earlier losses, on the first trading day after OPEC+ eased its record oil production cuts by 2 million barrels per day (bpd), while…
Commodity trading giant Vitol bought back shares worth $2.2 billion from its top 350 executives and employees who are the owners of the company, Bloomberg reported, noting this brings…