Tesla's Full Self-Driving system has…
Central Asian states are easing…
WTI crude found resistance at…
HSBC will stop providing services to corporate clients that have involvement in coal as it seeks to phase out all financing for the coal industry by 2040 globally and by…
Investment firm EnCap has merged two of its portfolio companies to create a shale oil producer in the Permian worth $4 billion, Reuters has reported, citing unnamed sources familiar…
New-well oil production per rig has gained some serious ground over the last three years, increasing nearly 85% since the start of 2019, EIA data compiled by Oilprice shows. According…
The National Iranian Oil Company (NIOC) will change from January 1 the benchmark against which it prices its crude for Europe and the Mediterranean—a move which traders tell Argus…
Oil and gas supply will grow faster in 2022 than it did in 2021 to the point of catching up and even surpassing energy demand growth, S&P Global Platts Analytics…
The leaders of the European Union member states are expected to discuss this week a new system to jointly buy natural gas in order to create strategic reserves to protect…
Germany will freeze the Nord Stream 2 gas pipeline in case of any “escalation” between Russia and Ukraine, the new German foreign minister said, citing an agreement between her country…
The UK is launching today what it calls the biggest ever round of its renewable energy support scheme, worth some $377 million (285 million pounds). The British government launched…
The OPEC+ group delivered the 400,000-bpd production increase in November, but it was still more than half a million barrels per day short of its overall oil production quota last…
The Cambo oilfield project in the UK North Sea, which has caused controversy in recent months and saw Shell exiting the plan for development last week, is now paused, the…
The OPEC+ interventions on the market in recent years have helped the oil industry to see the beginning of the return of confidence and investments, Russian Deputy Prime Minister Alexander…
Seasoned cryptocurrency traders are, perhaps, no stranger to the excessive volatility that comes with the territory. But events in cryptoland sometimes seem to push their limits. For instance,…
Travel stocks led London markets lower yesterday as investors took flight from the sector after the UK government launched tougher Covid-19 restrictions this week. The capital’s…
Saudi Arabia will supply full contracted oil volumes to most of its buyers in Asia, Reuters has reported, citing unnamed sources familiar with the Kingdom’s moves. This will be the…
Mexico’s Pemex plans to reduce the amount of oil it exports next year and use it domestically instead, Bloomberg has reported, as the country seeks to reduce its dependence…
Oil prices slid more than 2% on Thursday ahead of higher risk events that are expected to headline on Friday. Brent had rallied above $75…
Reports are emerging of a pipeline explosion at Iran’s Parsian refinery in the country’s southwest, where an excavator reportedly hit a 10-inch gas condensate pipeline today. While the story is…
Gazprom Neft, the oil arm of Russian gas giant Gazprom, expects a record high oil and gas production this year, as demand recovers and OPEC+ eases the production cuts, the…
President Biden has signed an executive order seeking to make the federal government—and the U.S. economy as a whole—climate neutral by 2050 by supporting low-carbon electricity and EVs, as well…
The price of WTI has recovered 60% to $72.60 from just $45.52 a year ago. And such gains in oil prices could spark a resurgence in oil…