Oil prices are set to…
The Kremlin has set an…
WTI crude found resistance at…
The American Petroleum Institute (API) reported a build this week for crude oil of 1.618 million barrels, compared to analyst predictions of a 1.2 million barrel draw. U.S. crude inventories…
Russian gas headed to Europe through Ukraine will stop flowing on Wednesday, Ukraine’s Gas Transmission System Operator (GTSOU) said on Tuesday. The flows will stop at 7 a.m. local time…
Crude oil prices remain exceptionally volatile on Tuesday, with WTI fluctuating between sub-$100 and nearly $104 per barrel after sinking from more than $110 on Monday as bearish and bullish…
Oil companies with climate goals and commitments are increasingly selling assets to private and less scrutinized operators with lower environmental standards, which does not help the global push to cut…
Economies in central and southeastern Europe, the western Balkans, North Africa, and Central Asia could see their post-COVID recovery endangered if Russian gas supply is further disrupted, the European Bank…
The extreme volatility in the oil market in recent weeks is the result of some buyers boycotting certain crudes and is not connected with OPEC+, and is outside the alliance's…
Brazil’s state-owned oil giant Petrobras told U.S. government representatives in March that the company cannot raise production in short order to cover potential oil supply shortages after the Russian invasion…
A former executive with Russia’s Lukoil has died after a session with a local shaman attempted to alleviate the symptoms of a severe hangover with venom from a toad. It…
Russia’s crude oil production is on the rise so far in May, Deputy Prime Minister Alexander Novak told TASS news agency on Monday. Russia’s crude oil production slipped by half…
Oman has jumped from a budget deficit last year to a $930 surplus as of the end of the first quarter of 2022, thanks to a significant increase…
Oil stocks are tanking amid a broader market selloff, as Wall Street responds to stubbornly high inflation that is expected to lead to more Federal Reserve policy tightening. …
The European Commission is expected to propose next week faster permitting for renewable energy projects as part of its plan to increase the uptake of renewable energy to cut reliance…
Libya expects to open all its oil loading terminals after it sets up a mechanism for a fair distribution of the country’s oil revenues among the regions, Parliament Speaker Aqila…
The record 180-million release from the U.S. Strategic Petroleum Reserve (SPR) came as a surprise for the International Energy Agency when it was announced in late March, since the Biden…
China registered in April its first annual increase in crude oil imports since January as shipments rebounded on the back of higher arrivals from Russia, analysts say. Last month, China,…
High gas prices will persist for the next three years, warned investment bank Stifel, as millions of households struggle with the cost of living crisis. Supply…
Adding to its prodigious losses - its shares have fallen more than 70% YTD - shares of electric carmaker Rivian continued to tumble on Monday following reports that…
Grid operators from a growing number of states are warning about electricity shortages as grids cannot cope with the imbalance between demand and supply heading into summer.
Members of G7 committed to decreasing their purchases of Russian oil amid the war in Ukraine at a virtual meeting this weekend. Per an AFP report, the United States, France,…
While the Kremlin has publicly stated that it won’t be declaring war on Ukraine or announcing a military mobilization on Victory Day on May 9, the markets are…