Not since the Cold War…
The UK and UAE are…
While U.S. and European automakers…
As oil prices dropped on the shock of a surge in Delta variant around the globe, Goldman Sachs has reduced its forecast for Brent crude in the third quarter by…
The price of a barrel of Brent crude oil won’t fall below $60, according to analysts interviewed by Tass on Wednesday. Those analysts pin the recent price drop not…
Large-cap energy stocks are now so disconnected from the oil market fundamentals that they could be up for a sharp short squeeze in the near future, JPMorgan analysts say. There…
Higher electric vehicle (EV) adoption and rising fuel efficiency will bring peak road transportation fuel demand forward to 2027, four years earlier than previously thought, BloombergNEF said in a…
Shell has today confirmed that it will appeal against a landmark court ruling requiring the oil giant to cut emissions faster than it had planned to.
Motiva Enterprises, owned by Saudi Aramco, is considering a relaunch of a previously halted expansion of its Port Arthur refinery with a petrochemical unit in 2023, Bloomberg reports, citing…
China has been raising its marine fuel sales in recent years, aiming to grow its share of Asia’s large bunkering market, which is valued at more than US$30 billion and…
The American Petroleum Institute (API) on Tuesday reported a build in crude oil inventories of 806,000 barrels for the week ending July 16, bringing the total 2021 crude draw so…
The U.S. Department of Homeland Security issued on Tuesday a new security directive requiring owners and operators of critical oil and gas pipelines to implement additional protection against cyberattacks.…
Improved North American and international markets for drilling, completion, and production helped oilfield services provider Halliburton Company (NYSE: HAL) book a higher net profit for the second quarter than analysts…
Areas in China have started to warn residents and businesses that peak summer demand amid a heatwave could lead to outages as electricity grids buckle under peak-load surges, Bloomberg
Saudi Aramco has suffered a data breach in which cyber attackers have stolen 1 terabyte of proprietary data of Saudi Arabia’s oil giant and are selling it on the dark…
The world’s largest oil firms may need to be careful relying on carbon capture and storage to reduce emissions from operations as much as they would like. While almost every…
Oil prices continued their decline in the afternoon hours on Monday, with WTI crude falling sharply to $66.33 per barrel. The price of a WTI barrel was…
The United States is considering clamping down on Iran's rising oil exports to China as a tool to either force Tehran to conclude a nuclear deal or punish it if…
The world’s top oil exporter, Saudi Arabia, raised its crude oil exports in May to the highest level in four months after OPEC+ decided in April to gradually ease its…
Improving supply and demand fundamentals have prompted Credit Suisse to raise its short and long-term forecasts for oil prices, expecting the average Brent price at $70 a barrel this year,…
Iran looks to export its first oil cargo from a terminal on the Sea of Oman without the need for tankers traveling through the Strait of Hormuz, senior officials said…
The OPEC+ group managed to come to an agreement on Sunday regarding the production cuts that would add another 400,000 barrels per day into the oil market starting in August,…
Chinese investors haven’t yet disbursed US$1.8 billion that the Nigerian National Petroleum Corporation (NNPC) was expecting so it could proceed with the construction of a US$2.8-billion natural gas pipeline, Reuters