Oil prices surged early on…
Western trade restrictions on China's…
Four projects were planned offshore…
China scooped up record volumes of crude oil imports from Russia in March, adding 790,000 barrels per day to its stockpiles, up from 570,000 bpd in January and February, Reuters’…
While Petrobras is touting a potential start to drilling in an environmentally sensitive area offshore the mouth of the Amazon River, indigenous communities are increasingly opposing the exploration plans of…
Kazakhstan, a non-OPEC oil producer part of the OPEC+ agreement, will consider building an oil pipeline in the Caspian Sea, Russian news agency Interfax reported on Thursday, quoting Kazakhstan’s…
Renewable energy projects and emerging low-carbon technologies are more exposed to the current high interest rate environment globally, which could slow the pace of transition to clean energy, Wood Mackenzie…
Scotland is expected to abandon a key interim target on its road to 2045 net zero as the government is expected to scrap a goal for reducing emissions by 75%…
Europe’s new car sales fell in March for the first time this year, dragged down by a decline in electric vehicle (EV) registrations and the timing of the Easter holidays,…
India’s crude oil imports remained flat in the fiscal year 2023/2024 ended March 31, but the import bill of the world’s third-largest oil importer fell by almost 16%…
Crude oil exports from Iran hit the highest level in six years during the first quarter of the year, data from Vortexa cited by the Financial Times has shown.…
Crude oil prices remained under pressure today despite the news that the U.S. will reimpose oil sanctions on Venezuela after a six-month pause. Countering this development, the EIA on Wednesday…
Kinder Morgan expects demand for natural gas to increase palpably over the next six years the company said at the release of its first-quarter financial results. In it, the company
While the whole world is watching the Arabian/Persian Gulf arena at present, amid lingering fears of an imminent Israeli attack on Iran, a new crisis could be unfolding. According to…
The Biden administration is potentially gearing up to reimpose oil sanctions on Venezuela, as President Nicolas Maduro violates the conditions of the existing temporary sanctions relief in his attempt to…
Only two days ago analysts were predicting oil over $100 a barrel, but by Wednesday midday, crude prices were nose-diving by close to 3% as demand concerns heavily outweighed the…
Global oil demand jumped by 1.2 million barrels per day (bpd) in February from January, hitting a five-year seasonal high, with seasonal-high demand for gasoline and an all-time high oil…
Unnamed Reuters sources said on Wednesday that the European Commission is preparing to sue Germany over its fees for purchasing gas from German storage in contravention of the European Union’s…
The world’s crude oil production fell by 1.2 million barrels per day (bpd) in February compared to the same month last year as steep output declines in Saudi Arabia and…
Kazakhstan is seeking more than $150 billion in compensation from the oil majors developing its huge Kashagan oilfield, after adding a $138 billion claim for lost revenue to a previous…
Japan’s refiners are prepared to tap reserves in case of a major escalation of the conflict in the Middle East and a possible disruption to oil supply, but they do…
Exports of the CPC blend from the Black Sea via the network of the Caspian Pipeline Consortium (CPC) are expected to drop by 12% in May compared to the scheduled…
Spot LNG prices in Asia jumped to the highest level since the beginning of January amid concerns that the conflict in the Middle East could further escalate. After lingering…