Texas is breaking for electricity…
The Japanese Yen experienced a…
In the oil rig basins…
Even before the collapse of the OPEC+ talks last Friday, Saudi Arabia’s finance ministry had asked government agencies to propose a 20-30 percent cut in their budgets due to the…
In discussions about renewable energy, Azerbaijan is not the first country that springs to mind. As one of the world's top 25 oil and gas producers, Azerbaijan is better known…
When we think about the fight against climate change, we typically think about electric vehicles, reducing emissions from coal, putting pressure on Big Oil to go green, or the tech…
Mexico is ready to act as mediator between Saudi Arabia and Russia who turned from partners to opponents on Friday when Russia quit the OPEC+ production cuts. In response, Saudi…
Russian oil companies will meet at the energy ministry on Wednesday to discuss if Russia’s producers should continue cooperation with OPEC, two sources with knowledge of the plans told
The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build of 6.407 million barrels for the week ending March 6, compared to analyst expectations of a…
Excess production, depressed demand, and weak prices: this sums up the natural gas market right now even better than it sums up the oil market. Unfortunately, with the China coronavirus…
A feud between Saudi Arabia and Russia that sent oil prices plunging on March 9 has rewritten economic forecasts across Eurasia. Azerbaijan, Kazakhstan and Russia – the former Soviet Union’s…
Most shale oil wells drilled in the United States are unprofitable at current oil prices, Rystad Energy has warned. The Norwegian consultancy said, as quoted by Bloomberg, that drilling…
Barclays has become the latest bank to revise its oil price outlook for this year. The UK bank cut its forecast for Brent crude to $43 a barrel from $59,…
Washington has plans to issue warnings to oil shippers, insurers, and port authorities that storing Iranian crude oil will bring the wrath of US sanctions, a US State Department…
Expecting a fierce and protracted oil price war, Standard Chartered slashed on Monday its oil price estimates for this year and next, saying WTI Crude prices would average $32…
The oil markets have been anticipating a big impact on oil demand from the coronavirus outbreak. That’s why we have seen a 30 percent drop in the…
One of China’s top oil and petrochemical companies, Sinopec, has launched two production lines for N95 respirators and surgical masks in response to a shortage created by the coronavirus epidemic,…
With energy junk bonds crashing... ... amid a (long-overdue) investor revulsion to the highly levered energy sector, much…
After oil prices collapsed in the worst drop in nearly three decades—courtesy of the renewed Saudi-Russia rivalry on the oil market – Russia’s Finance Ministry said on Monday that Moscow…
Crude collapsed by more than 30 percent under the combined pressure of a no-deal end to the OPEC+ meeting last week and Saudi Arabia’s announcement on Sunday that it would…
The United States was a net exporter of crude oil and petroleum products last month, with the four-week average net imports at a negative 907,000 barrels per day (bpd) in…
Warren Buffett’s Berkshire Hathaway has pulled out of a planned investment in the Saguenay LNG project in Quebec, Canada, suggesting that harder times are ahead for the country’s LNG ambitions.…
Everywhere you look, it seems like things have taken a turn for the worst. The coronavirus crisis has wreaked havoc across markets. The U.S. political system is in a frenzy.…