U.S. supermajors ExxonMobil and Chevron,…
The U.S. supermajors are doubling…
The Biden administration has canceled…
China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves. The discovery…
Major UK energy providers met with the government on Thursday to discuss ways to alleviate the cost pressures on households who are seeing soaring energy and gas bills, and those…
OPEC’s total crude oil production rose by 216,000 barrels per day (bpd) in July compared to June, but combined production from the 10 OPEC members part of the OPEC+…
A former British Prime Minister has called for the nationalization of energy utilities that cannot offer their customers lower electricity prices. In an op-ed for The Guardian, Gordon Brown…
Crude oil production in Alberta reached a record high in the first half of the year, at 3.6 million bpd, which was 100,000 bpd higher than the average output for…
The European Union embargo on imports of coal from Russia went into effect on August 11, with no exemptions from now on. The EU agreed months ago, in April, to
The U.S. Consumer Price Index (CPI) saw no real change in July, suggesting that inflation is easing as a result of falling gasoline prices, according to the latest…
French nuclear giant EDF, forced to sell power to competitors below market value, is now suing the French government for over $8 billion in compensation.
American refiners and oil and gas operators expect strong demand for fuels and energy through the remainder of the year, despite analyst concerns in recent weeks that demand could take…
Rates for mid-sized oil tankers sailing from the U.S. Gulf of Mexico to Europe hit the $57,000-per-day level this week, a figure representing a 12X increase since January…
The largest gas exporter in the United States, Freeport LNG, has retracted its force majeure, according to anonymous sources who shared the information with Reuters, leaving traders to source product…
The rally in coal prices, which began at the end of last year and intensified after the Russian invasion of Ukraine and the subsequent EU ban on Russian coal imports,…
Household energy debt is standing at an all-time high of £1.3bn ahead of expected bill hikes this autumn, according to new research from Uswitch, the comparison and switching…
Crude oil exports from OPEC producers rose by 223,000 barrels per day (bpd) in the first week of August, compared to the average shipments for the full month of July,…
The future of oil prices is on the table after the European Union moderators of the U.S.-Iran nuclear talks presented the two sides with a final version of the agreement…
Elon Musk has sold 7.92 million shares in Tesla, which made him about $6.88 billion richer, even though earlier this year, Musk said he had no plans for selling more…
Russia is expected to resume oil exports to Europe via Ukraine today, after transit was halted on August 4 because of issues with payments of the transit fees for…
U.S. lawmakers’ proposal for a new minimum tax on corporations and methane emissions fees could squeeze small oil and gas companies, according to Pioneer’s CEO Scott Sheffield. The Inflation Reduction…
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.156 million barrels, while analysts predicted a draw of 400,000 barrels. The build comes as…
The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report. The Energy Information Administration (EIA) made several adjustments…