A new mass synthesis process…
Texas is breaking for electricity…
Manufacturing surveys indicate stagnant growth…
European Parliament is threatening sanctions against Gerhard Schröder unless the former German chancellor, who serves as chairman of the supervisory board of Russian state oil giant Rosneft, resigns…
Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway…
Oil and gas sector employment is on the road to recovery in the United States after the significant job shedding that took place during the pandemic era. But a full…
Fossil fuels are a dead end and the only sustainable future for the planet is accelerating the energy transition, UN Secretary-General António Guterres said on Wednesday, launching the State…
Russia’s state-owned oil producers Rosneft and Gazprom Neft have started to use tankers of local state tanker operator Sovcomflot to ship their crude to Asia, Bloomberg reported on Wednesday,…
Saudi Arabia is expected to see its oil revenues surge by 66 percent this year to around $249 billion on the back of higher oil prices and rising oil production…
Insurers are now suffering 3.6 times more losses from natural catastrophes than they were three decades ago, according to new research, which suggests insurance companies are being hit…
Russian could cut off the natural gas supply to Finland late on Friday or early Saturday, Gasum, the state-owned energy provider in Finland, said on Wednesday. “Gasum considers…
Russian natural gas flows to Europe via Ukraine have plummeted by 50 percent over the past week, according to Gazprom data compiled by Anadolu Agency, after Ukraine halted flows…
The American Petroleum Institute (API) reported a draw this week for crude oil of 2.445 million barrels, compared to analyst predictions of a 1.533 million barrel build. The draw comes…
Libyan prime minister-designate Fathi Bashagha was forced out of the capital Tripoli on Tuesday by armed militias backed by current interim Prime Minister Adbdul Hamid Dbeibah, who refuses…
If Europe were to ban crude oil and natural gas from Russia, it would be committing “economic suicide”, Russian President Vladimir Putin said on Tuesday. Putin added that attempting to…
Washington will start to relax restrictions placed on U.S.-based oil company Chevron with regards to its crude business in sanctioned Venezuela. Chevron will soon be able to negotiate directly with…
The United States is considering proposing that European countries impose a tariff on Russian oil to allay concerns about the security of supply and surging oil prices, U.S. Treasury officials…
The biggest holdout to an EU embargo on Russian oil imports, Hungary, continues to dig its heels in, and has told the other European Union members it would need at…
New, small oil trading companies are replacing the commodity majors that are suspending their business relations with Russia amid Western sanctions against Moscow. Bloomberg reports that there are some…
The Iraqi government prevented three deals that would have seen greater Chinese ownership in its oil fields, Reuters has reported, adding that should that have happened, international companies would…
Saudi oil giant Aramco is discussing with major international banks the possibility of listing 30 percent of its trading arm, Aramco Trading, 100 percent of which could be valued at…
Cheap Russian crude oil is attracting India’s price-sensitive buyers to the point that Russia became the fourth largest oil supplier to India in April, moving up from the 10th place…
Three exploration wells that Shell has drilled in Brazil in hopes of making the next big discovery have come up dry, Bloomberg has reported, citing an analyst with Wood…