China is the undisputed global…
Oil prices have been climbing…
Diplomatic and political leaders worldwide…
Saudi Arabia’s oil giant Saudi Aramco is expected to pick up an additional 550,000 bpd of oil production capacity from two giant oil fields in the fourth quarter, so it…
Although gasoline demand has started to slow down the end of the summer driving season, U.S. gasoline prices are bucking the trend and sitting at their highest for this season…
The share of renewables in the UK’s electricity generation hit a record high in second quarter of 2018, while the share of coal in the energy mix slumped to an…
A nationwide workers’ strike that Nigeria’s main unions started on Thursday has not had an impact on the oil industry in the country, a spokesman for the Nigerian National Petroleum…
BP has received the approval of the UK’s Oil and Gas Authority (OGA) to proceed with the development of the Vorlich field in the North Sea—a project that is expected…
Chinese energy company Nexen, a unit of CNOOC, is preparing to pull out of the United States amid rising trade tensions, Reuters reports, citing three unnamed sources with knowledge…
Mexico’s state-owned oil company Pemex plans to start importing up to 100,000 barrels of light crude daily, ending decades of oil self-sufficiency as declining domestic production meets rising energy demand.…
Total will be looking to develop low-breakeven deepwater resources in the coming years, expecting to increase production by 6-7 percent every year through 2020, the French oil and gas company…
Libya’s National Oil Corporation (NOC) is holding talks with international oil companies that could result in increased investment and production in Libya’s oil industry, if security across the country improves,…
U.S. electricity producers consumed the lowest amount of coal in the first half of 2018 since 1983, as natural gas is increasingly replacing coal-fired generation, according to calculations by…
Amid a growing number of buyers fleeing Iranian crude oil and condensate purchases ahead of the U.S. sanctions, Iran’s fellow OPEC member and regional arch foe Saudi Arabia is offering…
The United States will be “aggressive and unwavering” in enforcing the sanctions on Iran and won’t let those sanctions be evaded by the European Union or anyone else, U.S. national…
OPEC will be looking to balance the oil market after crude oil prices hit their highest in four years, but the cartel’s options to manage the market could be limited…
Tesla will release its biggest software update in two years by the end of the week, chief executive Elon Musk, true to himself, said in a tweet in response…
The American Petroleum Institute (API) reported a build of 2.903 million barrels of United States crude oil inventories for the week ending September 21, compared to analyst expectations that this…
Indonesia’s state-owned energy company Pertamina needs US$100 billion to boost oil production and meet the country’s oil demand, with 70 percent of this spending expected to come from external…
Oil truck drivers in Iran have started a new strike demanding improved working conditions, and the industrial action has resulted in large lines forming at gasoline stations in Iran, The…
India’s crude oil demand is expected to rise to 500 million tons annually, or around 10 million bpd, by 2040, from around 4.7 million bpd in 2017, Partha Ghosh,…
TransCanada could begin work on the construction of the now notorious Keystone XL oil pipeline as soon as next year after an environmental impact review from the U.S. State Department…
The European Union said it has set up a special-purpose vehicle that will handle transactions involving Iranian oil and European goods, AFP reports, citing a statement made by the…