The energy transition, while necessary,…
Central Asian states are easing…
Demand for loans from the…
Canadian oil is struggling. And I mean really, really having a tough time. Alberta's benchmark, Western Canadian Select, is now cheaper than a…
China Petroleum & Chemical Corporation, or Sinopec, is helping Kuwait to remodel a camp at a refinery into a hospital to treat the rising number of coronavirus patients in one…
The historic OPEC+ production cut deal may have prevented a total disaster in the oil market, but it will be unable to stave off the impending global oil inventory build…
Oil producers operating in North Dakota have idled more than a quarter of the oil wells in the state, the AP reported, citing a statement by a state regulator to…
The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build of 13.143 million barrels for the week ending April 10 as demand destruction stemming from the…
This weekend's 11th hour decision to cut OPEC oil output by 23% was supposed to end the oil price war between Saudi Arabia and the rest of OPEC+, but it…
Officials in Minsk say a nuclear power plant being constructed in western Belarus will be launched during the summer and start producing electricity in the autumn.Energy Minister Viktar…
The U.S. Department of Energy is negotiating contracts with nine U.S. oil producers to store a total of 23 million barrels of their produced oil in the Strategic Petroleum Reserve…
Exxon sold $9.5 billion in new debt this week ahead of earnings season, amid a rush among oil companies to create for themselves financial cushions against further blows from the…
China imported crude oil at an average rate of around 10.38 million bpd, for a total of 43.91 million tons, according to calculations made by Reuters. The total for the…
With crude prices plummeting to 20 year lows and a local industry in shambles, Texas oil regulators are contemplating the unthinkable: cutting statewide…
The EIA expects U.S. shale oil production to drop next month to 8.526 million barrels per day in the seven most prolific shale basins in the United…
Baker Hughes expects to book a non-cash goodwill impairment charge of US$15 billion in Q1 and plans to slash capital expenditure (capex) by 20 percent this year in response to…
OPEC’s top producer and the world’s top oil exporter, Saudi Arabia, may soon tap the international debt market to raise money as the oil price crash and the historic oil…
With airlines facing a $250-billion loss in revenue for 2020 at a minimum, the additional $35 billion they might have to pay in the form of refunds over…
China’s oil imports may have declined in March, a Reuters poll of 31 economists showed on Monday, while experts expect China’s economy to have sharply contracted in the first quarter…
A group of private oil services companies in Venezuela has called on the government to relax stringent rules against gasoline imports amid critical shortages of the essential fuel, Reuters reports,…
Oil producers from G20 have agreed to reduce their combined crude oil output by 3.7 million bpd, according to Iran’s Oil Minister, Bijan Zanganeh, as quoted by IRNA. G20 met on…
Tesla has just had its best month in China, selling a record high number of electric vehicles in March despite a 41-percent plunge in overall car sales in the world’s…
U.S. President Donald Trump on Friday confirmed that the United States would “help Mexico along” in achieving the production requests that OPEC+ has asked it to make.…