Crude oil prices moved higher…
The week began positively with…
The Panama Canal is currently…
As coronavirus infections reach new heights, with the United States leading the pack with a record 4 million cases, a Canadian social distancing app aimed at keeping people connected…
Chinese state-owned oil and gas majors have sold pipeline networks worth a total $56 billion as part of a government plan to restructure the nation's energy industry by setting up…
Reduced oil demand and enough space on typically congested pipelines sent Canada’s crude-by-rail exports plummeting to their lowest levels in four years in May, data from Canada Energy Regulator
A growing number of banks are restricting access to funding to the U.S. shale industry in the wake of the oil price crash, although the aversion to lending more capital…
Oil revenues for the world’s largest oil exporter, Saudi Arabia, continued to slide in May after the Kingdom ended its oil price war with Russia, with the income from oil…
More a tenth of gas flares in the Permian play tend to malfunction and release unlit methane into the atmosphere, the Environmental Defense Fund has reported, based on a new…
LNG producer Tellurian sold $35 million worth of new stock to a group of institutional investors to prop up its finances as the outlook for LNG remains pessimistic. The…
Despite factory shutdowns due to the pandemic, Tesla posted on Wednesday a surprise net profit for the second quarter, beating analyst expectations and reporting its fourth consecutive quarter of net…
Turkey is looking to reduce further its reliance on Russian gas, and for the first time in almost two decades, Turkey may not receive gas at all from Russian gas…
While the emirate continues to look for ways to increase the value of its onshore and offshore deposits, Abu Dhabi National Oil Company (ADNOC) is also reassessing its role…
The world’s largest oil exporter, Saudi Arabia, plans to put up for privatization state-held assets in the healthcare, education, and water utility sectors in order to raise money…
The Odessa Development Corporation (ODC) launched this week ‘The Permian Fuels America’ task force to protect the U.S. industry from oil market manipulation initiated by other countries, convince refiners…
The U.S. Environmental Protection Agency (EPA) is expected to propose on Wednesday a first-ever rulemaking for emission standards for commercial aircraft, Reuters reported, citing officials. Earlier this week, Bloomberg…
China Oil & Gas Pipeline Network (PipeChina), the company Beijing created in December 2019 to combine the infrastructure assets of the state-owned energy majors, has signed a deal to buy…
Despite the fact that some Canadian oil producers have started to restore the production they had curtailed earlier this year, the pipelines carrying heavy oil to the market are not…
The UK oil industry has slammed the government for refusing to provide it with the means for blanket testing for Covid-19, Bloomberg reports, noting that, according to the government,…
The American Petroleum Institute (API) estimated on Tuesday a build in crude oil inventories of 7.544 million barrels for the week ending July 17. Bulls were disappointed with the news,…
European Union leaders agreed on Tuesday to allocate more than US$572 billion (500 billion euro), or 30 percent of the massive stimulus package, for investments in policies to fight…
Saudi Arabia could use this summer record amounts of crude oil for producing electricity as more Saudis would stay at home rather than travel on vacation abroad because of the…
Struggling with a recession amid low oil prices and measures to curb the pandemic, Russia is mulling over cutting its military budget by 5 percent between 2021 and 2023, recommendations…