In its March DPR released…
The European Commission, as expected,…
The US's record-breaking LNG export…
Chevron, the only U.S. company currently allowed to do business in Venezuela, has urged the country’s government to clean up sediment from Lake Maracaibo to make it possible to load…
After losing between 6-7% on Wednesday, oil prices are taking a toll on energy equities, with European giants shedding 6-8% and American oil companies down 5-7%.
Algerian Energy Minister Mohamed Arkab also warned that Western price caps on Russian crude oil could lead to uncertainty and supply disruption. While Arkab suggested that…
Crude oil prices continued their slide on Wednesday as yet another banking catastrophe unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below $70 for…
Auto dealerships are encountering a major problem where auction (wholesale) prices are increasing while real book values stagnate, squeezing profitability. To make sense of this, auto-guru
Saudi Arabia plans to disentangle itself so thoroughly from the crude oil industry that oil prices won’t play a significant role in shaping the country’s fiscal policies, Saudi’s Finance Minister…
Russia expects its oil and gas production to fall this year compared to 2022, partly due to the production cuts announced for March, Russian Energy Minister Nikolai Shulginov told lawmakers…
Russian revenues from oil fell in February as exports declined after the EU embargo on oil product imports from Russia by sea, the International Energy Agency (IEA) said on Wednesday.…
After two days of losses triggered by fears of a banking sector meltdown after the collapse of Silicon Valley Bank, oil prices rebounded early on Wednesday, pushed higher by increased…
The OPEC+ group will keep its oil production targets unchanged until the end of the year in view of the high level of uncertainty on the global markets and with…
The NOPEC bill, which was recently reintroduced in Congress by a group of legislators, and price caps on oil will only serve to increase instability and uncertainty in oil markets…
Crude oil inventories in the United States rose this week, with a 1.155 million barrel build, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of…
Spain has imported 84 percent more Russian LNG since Russia's invasion of Ukraine, highlighting the persistent reliance the EU has on Russian energy. According to Bloomberg, Spain's intake of Russian-derived…
Republicans are set to catapult its energy security agenda in the most critical issue, aiming to unveil legislation on Tuesday designed to boost energy production at home. The Lower Energy…
China’s reopening is set to add momentum to global economic growth, OPEC said on Tuesday, revising up its forecast for Chinese oil demand growth this year. “In the emerging…
Speculation is growing among traders that the US Federal Reserve could refrain from hiking interest rates later this month for fear of triggering another Silicon Valley Bank-style collapse.…
OPEC increased its projection for China’s oil demand growth in 2023 due to the country's COVID-19 restrictions being relaxed. OPEC forecast that global demand will rise by 2.32 million…
India has not committed to and is not obligated to buy Russian crude oil only below the $60 price cap of the Western nations, a source at the Indian oil…
TotalEnergies’ $20-billion project for an LNG export facility in Mozambique is not expected to start operations until 2027 at the earliest, even if the French supermajor quickly decides to lift…
ING is further restricting financing to the oil and gas industry, reducing the volume of traded oil and gas it finances and no longer financing midstream infrastructure for new oil…