Armenia and Azerbaijan continue their…
After a volatile week, oil…
China's steel industry faces challenges…
The United States is currently the world’s largest crude oil producer, but it still needs to import heavy varieties of oil, as most of the domestic output tends to be…
Tesla is at an advanced stage of talks with South Korea’s LG Chem to use batteries other than Panasonic’s for the electric vehicles it would be manufacturing at its Chinese…
The United States will respond aggressively to any party helping the now notorious Iranian tanker Adrian Darya 1, formerly Grace 1, which was released from Gibraltar earlier this week. Reuters…
Turkey will continue exploring for oil and gas in the eastern Mediterranean waters around disputed Cyprus, and “No project can be realised if Turkey and the Turkish Republic of Northern…
Another chapter in the drama on the seas may soon be over. Swedish public service broadcaster SVT says that sources within the Swedish foreign ministry has given it strong indications…
South Sudan’s oil minister reported on Thursday that the country has made its first oil discovery since declaring its independence eight years ago, according to Reuters. The latest oil…
Hours after the most prominent climate activist among Democratic presidential hopefuls, Jay Inslee, quit the Democratic primary race, Bernie Sanders unveiled a US$16.3-trillion plan to tackle climate change and…
One of the world’s largest carmakers, Germany’s Volkswagen AG, denied on Thursday a report that its chief executive officer was interested in buying a stake in Tesla in order…
Just a week after resuming fracking at its UK site, Cuadrilla paused operations—yet again—after a tremor estimated to be the biggest yet since the UK shale gas company began…
Washington Governor Jay Inslee, who ran his campaign on fighting climate change, is withdrawing from the Democratic presidential primary race. “It’s become clear that I’m not going to be…
Shell has staked a claim in the Australian power sector by making a US$419-million (A$617 million) takeover offer for the country’s second-largest energy retailer to businesses, ERM Power. “This acquisition…
A Singapore government official has criticized Tesla and its chief executive Elon Musk for offering a lifestyle choice rather than a solution to the challenges climate change presents, Bloomberg reports.…
The US will sell another 10 million barrels of sour crude oil, the Department of Energy said on Wednesday in a Notice of Sale, according to S&P Global Platts.…
Despite its track record for turning a sizable profit from its super-secret oil hedge, Mexico may not go through with its massive hedge this year, according to Mexico’s Deputy Finance…
The towns in the heart of the Permian in West Texas—once notoriously known as boom or ghost towns depending on the price of oil and drilling activity—have…
Venezuela’s state-held oil firm PDVSA cut its debt to Russia’s largest oil producer Rosneft to US$1.1 billion at the end of the second quarter from US$1.8 billion at the end…
Australia said on Wednesday it would support the U.S.-led international security mission to ensure freedom of navigation and safe passage through the Persian Gulf and its vital chokepoint the…
The largest Russian oil producer and one of the world’s biggest, Rosneft, told customers earlier this month that oil product sales in tender contracts will be priced in euros instead…
At a time when oil markets are particularly sensitive to anything that might signal weak demand for oil now or in the future, US sanctions on Iran has effectively taken…
Last spring, Rosneft excluded the Eastern Petrochemical Company (VNKhK) project from its investment program. In a press release, Rosneft linked this decision with changes to the Russian Tax Code,…