Tensions between Israel and Iran…
Despite Congress passing new sanctions…
U.S. shale has provided that…
Libya’s UN-recognized government said on Wednesday that an urgent meeting of all stakeholders involved had agreed to work toward unfreezing Libya’s oil revenues, an essential part of the OPEC…
Mexico has made $2.5 billion from its 2020 oil hedge—the biggest hedge in the oil world. Bloomberg reported the news citing unnamed sources familiar with the hedge, noting the…
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 4.146 million barrels for the week ending November 27. Analysts had predicted an inventory draw…
Turkey has halted survey for oil and gas in the Mediterranean and had its survey vessel back to a Turkish port, days before European Union leaders are set to discuss…
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output slumped…
People who live close to oil refineries are at increased risk of cancer, a new study from the University of Texas Medical Branch (UTMB) has found. Proximity to an…
Tesla (NASDAQ: TSLA) will be added to the S&P 500 index all at once at its full market capitalization before trade opens on December 21, S&P Dow Jones Indices…
The Senate has approved two candidates for the Federal Energy Regulatory Commission nominated by President Donald Trump, which would mean FERC will be Republican-dominated until June, according to Reuters.…
The OPEC meeting ended on Monday without an agreement among its members regarding the production cuts next year. Instead, the meeting ended with three of its heavyweights—Russia, Saudi Arabia, and…
The UK and Scottish authorities are funding the world’s first trial of a 100 percent green hydrogen generation, storage, and distribution network to heat 300 homes in Scotland…
The UK Department for Business, Energy and Industrial Strategy (BEIS) has approved the construction of the biggest battery storage project in the UK, and one of the largest…
Gold prices extended their decline below $1,800/oz on Monday as growing optimism for an…
Goldman Sachs expects Brent crude to reach $65 a barrel next year following the release of an effective Covid-19 vaccine and a limited…
Refiners in Asia expect the world’s largest oil exporter, Saudi Arabia, to raise the official selling prices for its crude oil going to Asia in January due to…
The United States government is set to add Chinese state oil company CNOOC to a blacklist of companies with ties to the Chinese military, Reuters has reported, citing sources…
Islamic State militants launched a rocket strike against an Iraqi refinery causing its shut-down, Reuters has reported, citing officials from the facility. In a statement on the terrorist group’s…
The coalition led by Saudi Arabia bombed camps of the Houthi rebels in Yemen on Friday after Houthis hit a petroleum distribution center of oil giant Saudi Aramco…
Volkswagen will look to reduce its portfolio of internal combustion engine vehicles, while speeding up the development of a compact electric vehicle that could cost less than $36,000…
OPEC+’s meeting that was put on the books at the last minute for Saturday is now being delayed to Sunday, according to anonymous Reuters sourc
DNV GL, a Norwegian risk management and quality assurance firm, told Reuters on Thursday it had suspended work on the gas pipeline Nord…