The energy sector has underperformed…
European automakers are struggling with…
A report by GlobalData reveals…
Crude oil prices moved little today after the U.S. Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to June 10. This…
Fourteen Republican-governed states are asking a court to restore the largest oil and gas lease sale in the Gulf of Mexico that the Biden Administration canceled, Fox News reports.…
Germany is saving a former Gazprom unit it had expropriated in April with a multi-billion-euro loan to ensure security of supply, the German government said in a statement. …
Amid calls from the Biden administration to the U.S. oil industry to increase production, a Democratic senator has come up with a plan to increase the tax burden on the…
The American Petroleum Institute (API) reported a build this week for crude oil of 736,000 barrels, while analysts predicted a draw of 1.2 million barrels. The small build comes as…
Freeport LNG will not resume full operations at its liquefication plant on Quintana Island until the end of this year, according to the company’s Tuesday press release. While China’s LNG…
Europe is importing record levels of liquefied natural gas (LNG) this year as it looks to reduce dependence on Russian pipeline gas and fill gas storage ahead of next winter.…
Germany is considering various ways of keeping the fourth-largest refinery in the country operating as it looks to eliminate oil import dependence on Russia by the end of the year…
Billionaire shale tycoon Harold Hamm has offered to take private Continental Resources, the company he founded in the 1960s, in a deal valuing the company at $25 billion, the shale…
LNG carrier rates on the spot market hit a record amid strong demand and limited supply as many opt for a long-term commitment to using the vessels. According to a…
Japan's Idemitsu will shut down a refinery in 2024 in response to an anticipated decline in gasoline demand, Nikkei has reported. The report noted that the expected decline in…
The global rush to secure new funding for exploration and production of fossil fuels in the aftermath of the Russian invasion of Ukraine is “delusional,” UN Secretary-General António Guterres
U.S. Shale production in the seven most prolific shale basins is set to increase 143,000 bpd in July to 8.91 million bpd, according to the Energy Information Administration’s…
Bearish sentiments on oil demand coming from renewed COVID lockdowns in China that shaved $4 off oil prices early on Monday failed to maintain traction, with sweeping production…
Global public companies representing 60% of total non-OPEC liquid fuels production spent last year $244 billion on exploration and development, down by 28% compared to the pre-pandemic average, the Energy…
Germany could lend up to $10.4 billion (10 billion euro) to bail out a former unit of Russia’s Gazprom, which the German government expropriated earlier this year, sources with knowledge…
Gasoline prices rose for the eighth straight week, according to a Monday GasBuddy newsletter, cautioning that the United States is just one supply jolt away from even higher prices…
BP is divesting its last interest in Canada’s oil sands to Canadian firm Cenovus Energy as part of a portfolio reshaping that will see it buy into an offshore oil…
The UK government is considering ending the pricing system of British power prices, which are now linked with natural gas prices, in a bid to reduce energy bills for millions…
Norway's oil companies managed to strike a deal with oil workers' unions in principle, avoiding, for the time being, the risk of a strike that would have affected production at…