The development of new oil…
Crude oil prices went lower…
It is fair to say…
Russia's natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared to June, a senior Gazprom…
Mexico has revised down energy giant Pemex’s oil production target for next year by more than 8 percent in what was a no-surprise move to those familiar with the company’s…
The majority of people in Canada's oil-producing province of Alberta saw their economic fortunes worsened after the pandemic and the oil price crash, compared to a national average of 35…
Tesla’s chief executive Elon Musk’s wealth shrunk by $16.3 billion in a single day as the company’s shares tanked, Bloomberg reports. Tesla’s stock plunged by the most in its…
The U.S. labor market improved in August, although headlines paint too rosy a picture. What does it all mean for the gold market? Great news for…
Along with WTI and Brent crude prices, natural gas prices fell precipitously on Tuesday, but the regional differences in gas prices during the last couple of months are shrinking according…
Russia should regain its share on the global oil market once demand returns to normal, and it can do that and even increase its market share after the drop-off in…
Saudi Arabia has scored the support of the International Atomic Energy Agency in its effort to adopt nuclear energy, Reuters reports, quoting a Saudi TV channel that cited the…
ExxonMobil said on Tuesday it had made its 18th oil discovery offshore Guyana, which adds to its previous estimate of more than 8 billion barrels of discovered recoverable resources…
Less than a month after California utilities barely prevented planned outages amid a heatwave that led to a boom in power consumption, the threat is back: PG&E said late yesterday…
The Japanese government tried to melt the freeze between Washington and Tehran by proposing a swap deal involving Iranian oil and U.S. grain, Kyodo reports, citing unnamed government sources.…
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC statement. Libya’s…
A new fire has erupted on the fully loaded oil tanker offshore Sri Lanka, due to extreme temperatures and high winds, the Sri Lanka Navy said on Monday, days…
The UK’s National Grid said on Monday that proposed new rules of energy company investments in the networks reduce the reliability and resilience of the electricity supply in the…
A new export tax rule in Russia could cost domestic exporters of fuel oil as much as US$1 billion in missed sales every year, Reuters has estimated. Russia…
Russia complied nearly 100 percent with its share of oil production cuts in August as per the OPEC+ deal, Russian Energy Minister Alexander Novak said on Monday. Independent assessments…
Fossil fuels are out. At least according to the younger generations. Neither millennials nor their up-and-coming counterparts, the zoomers, or Gen Z, are particularly interested in working in…
French supermajor Total is giving up operatorship of five exploration blocks offshore Brazil in an environmentally sensitive area for which it has failed to secure drilling permits numerous times. Total…
Libya's central and southern regions experienced a major power outage on Thursday, the state General Electricity Company of Libya (GECOL) said on Friday, while Libya's oil terminals remain blocked for…
Iraq plans to increase the processing capacity of its Qayara refinery in the northern part of the country to 90,000 bpd, Argus Media reported. Currently, the capacity of the…