The refinery project in Sri…
UK manufacturing has slipped back…
It is fair to say…
Markets are impatiently awaiting a decision from the White House that could see the ban on new LNG export projects lifted as the Biden administration seeks leverage in winning Republican…
With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this year to average $86…
Reuters reports that the Dutch supermajor Shell is seeking a long-term license from Washington before making a final investment decision on Venezuela’s Dragon natural gas project. Citing two anonymous sources,…
The OPEC+ group is set to continue with its production cuts until at least the end of the first half of 2024 as the alliance’s Joint Ministerial Monitoring Committee (JMMC)…
The Dutch Senate has delayed a vote on the permanent closure of the Groningen gas field, which is set for October 1 due to earthquakes in the area, as…
The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel that monitors oil market developments and the group’s production cuts, didn’t recommend on Wednesday any changes to output policy but noted…
China’s top economic planning body has asked major natural gas distributors and local authorities to remove the fixed price caps for households by September, sources familiar with the discussions have…
South Africa could see additional up to 50,000 deaths due to air pollution and billions of U.S. dollars in health costs if a proposal to delay the decommissioning of coal-fired…
The US Federal Reserve has blocked an attempt led by the European Central Bank (ECB) to make climate risks a pillar of global rules for banks and require them to…
Tesla saw its deliveries slump in the first quarter for the first annual drop since the start of the pandemic in 2020, missing analyst forecasts by a mile in a…
The Department of Energy has canceled its latest tender for crude oil for the replenishment of the strategic petroleum reserve after oil prices moved higher than the DoE is comfortable…
Brent crude ticked up closer to $90 per barrel today after yesterday the American Petroleum Institute reported a larger than expected draw in U.S. inventories and as geopolitical tensions remained…
Crude oil inventories in the United States fell this week by 2.286 million barrels for the week ending March 29, according to The American Petroleum Institute (API). Analysts had expected…
Russia’s crude oil exports by sea reached the highest point yet this year in the last week of March, as weather conditions at Russia’s Pacific Port improved. Bloomberg tanker tracking…
Europe has managed to make it through this winter season with record levels of natural gas in storage, setting it up to head into next winter on solid ground. With…
SLB, the world’s top oilfield services provider, announced on Tuesday a definitive agreement to buy smaller competitor ChampionX Corporation in an all-stock deal valued at $7.75 billion, as the energy…
Russia is preparing to welcome Venezuela’s President Nicolas Maduro on an official visit soon, the Kremlin said on Tuesday, as the oil-producing countries Russia and Venezuela continue to maintain close…
The landmark ruling of a Dutch court that ordered Shell to slash its emissions could obstruct the role the supermajor can play in the energy transition and could slow the…
Ukrainian drones hit the primary refining unit of Russia’s third-largest refinery southeast of Moscow more than 800 miles from the front line, Reuters reported on Tuesday. The Taneco refinery…
Despite stricter enforcement of the U.S. sanctions against Russian oil exports, some tankers loaded with Russia’s Sokol crude grade are near India signaling Indian ports as their destinations, vessel-tracking data…