The world's economic myths, especially…
The fluctuating prices in response…
Shares of Portuguese integrated energy…
All oil export revenues from Libya’s Oil Crescent will be sent to a central bank in the eastern part of the country, according to eastern Libyan officials quoted by…
The U.S. shale boom and the massive Russian expansion of natural gas pipelines will make the United States and Russia the dominant spenders on oil, petroleum products, and natural gas…
The UK’s Serious Fraud Office (SFO) said on Tuesday that it had begun criminal proceedings against oil consultancies Unaoil Monaco SAM and Unaoil Ltd as part of an ongoing…
Higher oil prices, lower offshore development costs, and improved gas demand outlook have made the oil and gas industry more confident in approving investment in new projects whose total worth…
Shell has handed over the operations of the Majnoon oilfield in Iraq to Iraqi state-run Basra Oil Company, exiting the field as it said last year it would do, Reuters…
The Energy Protection Agency consistently ignored calls from the Energy Department to stop issuing—or lat least curb—waivers sought by refiners under biofuels regulation, Reuters reports, citing sources with knowledge…
A Goldman Sachs analyst that has been bearish on Tesla for years has written in a note to clients that the EV maker might once again fail to meet its…
Russia will assess its agreement with Iran to import crude oil in exchange for goods “from the legal point of view,” Energy Minister Alexander Novak told media following reports…
As oil prices continues to fall, the American Petroleum Institute (API) reported a major draw of 9.228 million barrels of United States crude oil inventories for the week ending June…
Carl Icahn has increased his stake in Permian oil producer Energen Corporation, a filing to the SEC showed on Tuesday, after Icahn and hedge fund manager Keith Meister’s Corvex…
After it gave up the Trans Mountain pipeline expansion in its native Canada, Kinder Morgan has bet on a certain win in the pipeline-strapped Permian. The company announced it…
Germany’s Audi has canceled a scheduled event in Brussels in August to launch its all-electric SUV, the e-tron, and will instead hold the event in the United States at…
District Judge William Alsup dismissed a case brought by the cities of San Francisco and Oakland against five Big Oil companies on the grounds that the matter fell within…
Energy analysts expect Energy Secretary Rick Perry might ask his Russian counterpart Alexander Novak for more oil to compensate for lost supply from the Iranian sanctions when they meet this…
GE plans to divest its 62.5-percent stake in oilfield services provider Baker Hughes over the next two to three years, as part of a plan unveiled on Tuesday to…
India is in talks with companies from the United Arab Emirates (UAE) to jointly bid for oil blocks in the Middle Eastern oil producing country, India’s oil minister Dharmendra…
A fresh wave of protests erupted in Iran over the weekend against the plunging value of the local currency and rising prices, in what some observers and analysts describe as…
Despite the fact that oil prices have increased to their highest in three and a half years, empty offices in Calgary—the heart of Canada’s oil industry—are at their highest since…
Iran’s revenues from oil exports hit US$50 billion in the Iranian financial year ended March 20, with oil and oil product exports accounting for 70 percent of all Iranian exports,…
The addition of half the Saudi population to the current number of drivers will significantly boost gasoline demand in the Kingdom and, according to Bloomberg, could in fact bring in…