Crude oil prices inched lower…
Turkmenistan's Foreign Minister announces an…
China has emerged as a…
Crude oil inventories in the United States fell this week by 5.521 million barrels for the week ending March 8, according to The American Petroleum Institute (API), largely contradicting analysts,…
Driving activity in the United States will reach all-time highs this year and next, the Energy Administration said on Tuesday in its latest editing of the Short Term Energy Outlook.…
The Energy Information Administration lifted its outlook for Brent crude oil prices for this year and next, the agency said in a Tuesday report. The EIA now sees the spot…
UK-based supermajor Shell has been updating its strategy on climate targets and could announce a slower pace of its emissions reductions later this week, anonymous sources with knowledge of the…
In the intricate world of commodities, volatility is a double-edged sword: it presents both significant risk and potential reward. Commodities, by their very nature, are susceptible to wide price…
Starling Bank has appointed Ovo boss Raman Bhatia to be its permanent chief executive, taking over from interim CEO John Mountain ahead of a planned public listing.
Despite the voluntary production cuts of several major producers of the OPEC+ alliance, OPEC’s oil production rose in February by more than 200,000 barrels per day (bpd) compared to January,…
The lower prices of coal from major exporters Indonesia, South Africa, and Australia are weighing on Russia’s capacity to sell more of its coal to Asia, which has become Moscow’s…
Russia exported last week the highest weekly crude oil volumes so far this year, at 3.7 million barrels per day (bpd), up by nearly 600,000 bpd from the previous week…
A Lukoil refinery in western Russia is on fire following a drone attack early on Tuesday local time in what appears to be several coordinated attacks by drones from Ukraine…
China’s Sinopec has begun production at a natural gas field that has an annual capacity estimated at 2 billion cubic meters. The field, in the province of Sichuan, has reserves…
Nigeria is facing mounting opposition from neighbors and other countries to its bid for the headquarters of the Africa Energy Bank, a proposed initiative to support investments in the continent's…
The UK will need more gas-fired power plants in the future to avoid blackouts, Energy Security Secretary Claire Coutinho warned today, as older facilities get retired. The warning comes…
A few days after losing $14 billion in market value, Brazil’s state-run oil company, Petrobras, said it may dole out a special dividend after all, CEO Jean-Paul Prates said Monday,…
The United States produced more crude oil than any other country in 2023, for the sixth year in a row, with production averaging 12.9 million barrels per day, up from…
The Office of Gas and Electricity Markets (Ofgem), the UK’s energy market regulator, has opened an investigation into an unnamed company for alleged abuse of dominant position. “The opening…
Just weeks after posting $2.4 billion in trading profits from liquefied natural gas (LNG) in the fourth quarter of last year, the long-time head of Shell’s LNG, natural gas and…
U.S. gasoline prices rose for a second week in a row, to average $3.40 per gallon on Monday, up by 6.2 cents from a week ago, amid…
Morocco is looking to attract green hydrogen investments by allocating 1 million hectares of public land to projects, the government said on Monday. The…
Bank of America is looking to expand its business related to the energy transition, boosting carbon trading, and power and natural gas markets trading, senior executives have told