The fluctuating prices in response…
Governments must prioritize energy efficiency…
Tesla's Full Self-Driving system has…
By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although…
Hedge funds and other money managers have started to shake off the gloomy expectations of a global recession and waning oil demand growth that had seized market participants for most…
A Reuters report last week examining China's renewed oil and gas exploration and production push should make the country’s oil majors, Beijing energy planners, and just about everybody else…
It was a hot July morning in 2000 when a helicopter carrying Kazakhstan’s President Nursultan Nazarbayev landed on a drilling barge on the Caspian Sea. An anxious-looking Nazarbayev emerged from…
Oil prices have been choppy in recent days, although WTI and Brent are holding onto their gains near multi-month highs. (Click to enlarge)
Thanks to growing oil and gas production and higher prices, supermajor BP (NYSE:BP) more than doubled its 2018 earnings, beating expectations to post the highest annual profit in…
Iran has recoverable crude oil reserves of 160 billion barrels, the National Iranian Oil Company said, adding recoverable natural gas reserves came in at 33.33 trillion cubic meters, Mehr news…
A new report from Rystad Energy identifies five vital themes that will shape global gas markets in 2019. Significant LNG production growth, the rise of US gas to challenge Russian…
Venezuela’s oil production could be disrupted to a greater degree than most analysts first thought, as the U.S. government seeks essentially shut in the country’s oil sector.…
Despite the nearly 40-percent oil price slide in the fourth quarter, supermajors booked solid sets of Q4 and 2018 results, suggesting that they have learned to raise profits even when…
A report from the Environmental Defense Fund (EDF) found that the rate of flaring in the Permian basin is twice as high as the industry has been reporting. In…
Sodium, an element far more abundant than lithium, is expanding its claim to fame in the battery field. A new study from a Japanese university has suggested…
U.S. refiners will not be able to complete transactions for shipments of crude from Venezuela’s PDVSA for cargoes they had contracted before the U.S. Treasury slapped sweeping sanctions on the…
The political turmoil in Venezuela seems to be a never-ending story. Since Hugo Chavez’ presidency, the Latin American country has been the center of attention during several crises. This time,…
In more unusual moves for spot liquefied natural gas (LNG) in Asia, prices for the super-cooled fuel last week fell to a nine-month low amid an uncharacteristically oversupplied market due…
Venezuela’s crude oil production could fall below 1 million bpd after the United States imposed new sanctions on its already struggling state oil company PDVSA, Wood Mackenzie analyst Ann-Louise Hittle…
Oil prices turned sharply down on Monday, after having reached 2019 highs earlier in the day, as concerns about the global economy resurfaced and a firmer U.S. dollar reduced investors’…
ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to…
Electric cars were the stars of the Detroit Auto Show this year and they have been garnering a lot of attention from the media generally amid increasingly urgent talk…
The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050. The purpose of the AEO is to provide long-range energy projections for the United States, based…