Oil prices are under pressure…
Tesla's Full Self-Driving system has…
The S&P 500 reached record…
The world’s leading industrial nations could discuss the idea of imposing price caps on imports of energy from Russia at a summit later this month, sources with knowledge of the…
The United States has stepped up heavy crude oil imports, with the May volumes hitting the highest in two years, according to customs data cited by Reuters. The ramp-up…
With no nuclear deal with Iran in sight, the United States Treasury has slapped additional sanctions on companies based in Iran, China and the UAE for enabling the…
The OPEC+ group was falling behind its overall crude oil production target by a massive 2.695 million barrels per day (bpd) in May due to Western sanctions on Russia and…
Following the U.S. Fed’s biggest rate hike since 1994 on Wednesday, which brought oil prices down 1%, central banks across Europe on Thursday…
Italy's Eni is only receiving 65% of requested volumes of gas from Russia, the state-run company said on Thursday, after Russia's Wednesday announcement that it would cut natural gas flows…
Russia could continue its participation in the OPEC+ oil production agreement even after it officially expires at the end of this year, Russian Deputy Prime Minister Alexander Novak said…
U.S. Secretary of Energy Jennifer Granholm is set to discuss gasoline prices at a meeting with refining executives next week, sources with knowledge of the plans told Reuters on…
Russia is raising its oil production this month compared to May and expects to further boost output in July, Russian Deputy Prime Minister Alexander Novak said on Thursday. Russia…
A huge fire erupted on Thursday at the biggest natural gas field in Russia, Urengoy in Western Siberia, after a pipe burst. The fire has been extinguished, and production…
President Volodymyr Zelensky has called on the European Union to ratchet up its sanctions regime on Russia, calling for a seventh EU package of punitive measures against Moscow…
The United States has called on European governments to find a way to soften the blow that the oil market will suffer after a ban on insurance for vessels carrying…
Exxon has been investing more than it has been earning in the past five years, with the level of investments in new oil and gas supply double the level of…
After plunging to a 5-week-low on Tuesday, natural gas prices in the U.S. have ramped up again, gaining 4% on Wednesday on excessive temperatures expected to last through…
In its largest hike since 1994, the Federal Reserve raised rates by three-quarters of a percentage point, or 75 basis points, with oil prices responding by drawing down…
Fuel markets, especially those of diesel and kerosene, may continue to be very tight amid uneven global demand growth rates and limits in the refining capacity, the International Energy Agency…
Ahead of potential IPO plans for its trading arm, Saudi Aramco is eyeing a merger between Aramco Trading Co and Motiva Trading, Reuters reported
Strict lockdowns in Shanghai and the resulting depressed fuel demand led in May to the largest annual decline in Chinese refinery production in at least the past decade, official data…
Total Energies takes stake in Indian renewable specialist to back giant green hydrogen project. Green hydrogen is produced by splitting water into hydrogen and oxygen using…
Faced with record-high prices at the pump, U.S. President Joe Biden escalated the rhetoric against oil companies on Wednesday, telling them in a letter to produce more gasoline and lower…