Ukraine is set to receive…
Oil price volatility has climbed…
Chinese FX outflows, often underreported…
Power use on the U.S. East Coast has been at its highest levels in years in recent days as a heat wave has been sweeping across the Northeast, including…
U.S. President Donald Trump and Russian President Vladimir Putin may discuss the state of the oil market at their summit on July 16, although there will be more important topics…
Elon Musk has reportedly ordered employees to skip a standard but critical brake test in the final stages of Model 3 production during the last week in June in which…
The U.S. military reaffirmed on Wednesday its promise to help keep oil tanker waterways in the Persian Gulf open, after Iran hinted that it might try to block the…
One of Brazil richest men, Eike Batista, has received a 30-year prison sentence for bribes given to the former governor of Rio de Janeiro, Sergio Cabral, Reuters reports, citing…
Kinder Morgan will restart work on the Trans Mountain pipeline expansion project next month, the company said in a filing. CTV reports that the company had filed a six-month…
Nigeria was recently rated the poorest country in the world, ahead of India, and that’s despite several hundred billion dollars in oil earnings over the last decade, a transparency group…
As oil prices continue to fall, the American Petroleum Institute (API) reported another major draw of 4.5 million barrels of United States crude oil inventories for the week ending June…
One of the world’s biggest oil and commodity traders Glencore has been ordered by the U.S. Department of Justice to produce documents and records about compliance with U.S. legislation against…
As oil stocks have lagged behind the oil price rally, a growing number of U.S. oil companies are now tying the salaries and short-term bonuses of their top executives to…
Libya’s Tripoli-based National Oil Corporation (NOC) is calling for sanctions against 46 individuals and entities seeking to run four oil ports that are now closed after the latest unrest…
The Abu Dhabi National Oil Company (ADNOC) has the ability to raise its oil production by “several hundred thousand” barrels per day, the state-run oil firm of the United…
Russia and Saudi Arabia have reaffirmed their commitment—and that of the OPEC+ group—to increase crude oil production by 1 million bpd, Bloomberg reports, citing a joint announcement by Energy Ministers…
Rhode Island yesterday filed a lawsuit against 21 oil companies, including Exxon, Chevron, and ConocoPhillips, for contributing to climate change that is hurting the state’s coastline, marine ecosystem, and economy,…
The World Bank supports Egypt’s efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country, the Egyptian…
Italy’s oil major Eni will announce by the end of this year binding commitments to become carbon neutral, its chief executive Claudio Descalzi said on Monday, in what would…
Indian refiners are preparing for any scenario in case they won’t be able to import any Iranian crude oil as the United States steps up pressure on countries to bring…
BP and its partners have started up the US$28-billion Shah Deniz 2 gas development in Azerbaijan which is the starting point of the Southern Gas Corridor for gas supplies…
Tesla has hit its target of producing 5,000 Model 3 sedans weekly, just as CEO Elon Musk promised investors at the release of the company’s Q1 financial results, Electrek
Iran will allow private companies to start exporting crude oil as part of its efforts to counter U.S. sanctions against its oil industry, Reuters reports, quoting the country’s First…