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The outlook for Colombia’s oil industry has never been more uncertain. Not only is rising violence, fueled by poverty and cocaine production, weighing…
While the world begins to build the infrastructure of a future hydrogen economy, the economics of global trade in carbon-free hydrogen are becoming more clear. Among countries expected…
Russia’s Gazprom said on Tuesday that it would limit natural gas supply via the Nord Stream pipeline to Germany by 40 percent compared to planned flows because of a…
Not only did OPEC not lift its production as agreed for the month of May, its production actually decreased, according to OPEC’s latest Monthly Oil Market Report released on Tuesday.…
Russia overtook Saudi Arabia to become India’s second-largest supplier of crude oil last month, Reuters reported, citing unnamed trade sources. The average daily rate of Russian oil exports to…
The U.S. national average for gasoline hit $5 per gallon last week, the highest ever. Brent crude is trading at $120 per barrel…
China said this weekend it had recently set two world records in deep-sea energy exploration with its domestically developed technology as the world's largest crude oil importer looks…
The economic pain for many countries being caused by still-high crude oil (and gas) prices may be exacerbated by another extensive series of blockades of key oil facilities…
We all know that gasoline and diesel prices are higher than they have ever been. At the same time, oil companies are reporting record profits. It’s…
How much will it cost to wean Indonesia off coal? This is a pressing question for world leaders and climate policy-makers around the world in the lead-up to…
Aluminum prices declined overall in May. However, near the end of the month, they appeared to hit bottom and began to trade sideways. Conflicting macroeconomic…
President Joe Biden awkwardly claimed that his planned Saudi trip, where it's expected he'll mend ties with Saudi Crown Prince Mohammed bin Salman (MbS) and
After a brief hiatus, the oil price rally is back on track. Crude oil closed with its seventh straight weekly gain thanks to tight fuel supplies sustaining bullish sentiment. After…
The UK is launching an urgent review into the retail fuel market to see whether retailers have passed on the government's fuel duty cut from March to filling stations, UK…
Attracted by cheap prices, India and China continue to increase their imports of Russian crude, which is now mostly banned in the West. India, which wasn’t a big buyer of…
Just as China was returning to business as usual after the latest string of lockdowns, an "explosive" outbreak in a Beijing district could derail this. "The recent outbreak ... is…
The U.S. is discussing with its European allies a price cap on Russian oil. The goal is to keep Russian oil flowing into international markets but curb budget…
The South American country of Guyana is undergoing rapid development as a result of a string of offshore oil discoveries by ExxonMobil, NYSE:XOM). Announcements by the company since…
Last month, U.K. Finance Minister Rishi Sunak imposed a windfall tax on oil and gas majors as the government tries to alleviate the country's worsening cost-of-living crisis. Chancellor Sunak…