A report by GlobalData reveals…
Azerbaijan faces potential sanctions from…
The Japanese Yen experienced a…
The number of electric vehicle (EV) patents has gone up all across the world, while fossil fuel ones have registered a rapid decrease in the last five years…
UK-based supermajor BP favors the addition of WTI Midland, a light sweet crude grade from the United States, to the Dated Brent benchmark, the underlying benchmark of the Brent Crude…
Travel restrictions in the wake of the Omicron variant have disrupted the agenda of the 23rd World Petroleum Congress, which begins in Houston on Monday with a reduced number of…
Big Oil majors booked profits of a combined $174 billion for the first nine months of the year as they focused on returning cash to shareholders instead of boosting production…
UK households will be paying much higher energy bills, which will rise not only because of high power and gas prices but also because of the collapse of Bulb, the…
Elon Musk’s latest round of Tesla stock sale has brought total sales over the past four weeks to 10 million shares worth around $10.9 billion, as the EV manufacturer’s CEO…
Higher availability of high-sulfur, or sour, crude grades globally as well as surging natural gas prices in recent months have significantly widened the discount at which sour grades trade relative…
Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this year, Reuters has reported, citing a Venezuelan member of parliament—but the condensate…
Refiner Phillips 66 has sealed a deal with British Airways to supply the airline with renewable jet fuel that will be produced at a Phillips 66 site in the UK,…
Shell announced on Thursday that it would no longer proceed with its investment in the Cambo oil field. Shell had a 30% stake in the Cambo oilfield, in the UK’s…
In just two years, Europe’s oil and gas majors have doubled their planned spending on low-carbon energy—from 10 percent of capex in 2019 to 25 percent of overall spending per…
The pandemic-driven lower petroleum consumption and lower commodity prices resulted in a decline of over 30 percent in the value of energy trade between the United States and Canada in…
Amid a veritable race among carmakers to become fully electric before everyone else, the chief executive of Stellantis has warned that this race could end in tears. In an
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction of oil prices,…
The United States is set to become “energy dominant”, boosted to prominence by its low-cost oil and gas supplies as global prices rise in the future, Bank of America said…
As if the energy sector needed any more volatility than it's already experiencing, Belarusian President Alexander Lukashenko has thrown his hat in the ring by commenting this week that he…
The Abu Dhabi National Oil Company (ADNOC) will invest as much as $127 billion in its upstream, downstream, and low-carbon fuel businesses between 2022 and 2026, the state oil firm…
The world is set to add record-breaking renewable capacity additions this year, but it will still need double new annual capacity over the next five years to achieve the net-zero…
The United States is taking a crack at improving its relations with OPEC—notably with Saudi Arabia—after the federal government repeatedly blamed the group for high U.S. retail fuel prices and…
The American Petroleum Institute (API) reported an inventory draw in crude oil. This week, the API estimated the inventory draw for crude oil to be 747,000 barrels. U.S. crude inventories…