The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total…
Sam Altman-backed nuclear company Oklo is "push[ing] towards its target of building its first small modular reactor by 2027 at the Idaho National Laboratory," according to a new…
Weekly Recap of Crude Oil Market The crude oil market experienced a volatile week, influenced by a mix of geopolitical events, economic indicators, and supply-demand factors. Despite some downward pressure,…
Numbers Report – July 12, 2024 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week…
Politics, Geopolitics & Conflict - On the Russia-Ukraine war front, Zelensky is now asking NATO to lift restrictions on using long-range weapons to target deep inside Russian territory during a…
For a while now, crude prices have been driven largely by demand, both existing and forecast. Supply has been quite tight, but that has been offset by expectations for an…
There is growing concern that any significant escalation in the Israel-Hezbollah conflict would disrupt gas supplies, first and foremost to Egypt, which is monitoring this with a fair amount of…
Russian shipments of oil products dropped by 4.2% in June compared to May, on the back of stronger domestic fuel consumption and unplanned maintenance at refineries, according to
Brent crude soared to $86 per barrel as better-than-expected U.S. inflation data stirred hopes of a September Fed rate cut.
The U.S. Federal Trade Commission (FTC) has sent a second request for additional information to ConocoPhillips and Marathon Oil while reviewing their proposed $22.5 billion merger, ConocoPhillips said on…
China’s imports of crude oil slumped by 11% in June from a record-high in the same month of 2023, amid tepid fuel demand and lower run rates at independent refiners. …
German RWE, the largest power generating utility in the UK, has urged the new Labour government to speed up the expansion of offshore wind capacity if it is…
A tanker that Iran’s Navy seized in the Gulf of Oman last year is currently moving into international waters, Reuters has reported, citing…
Crude oil prices were set for a weekly decline despite earlier gains made largely on the back of economic data. The latest update that caused the…
Oil refiners in California saw lower-than-average margins in the past few months in an unusual twist where lower operating capacity did not automatically lead to higher margins. According to
More than 50 oil tankers that have previously transported Russian oil are now sitting empty and idle in the Baltic Sea, the Black Sea, offshore Russia's Far East, China, South…
Big Oil is quietly investing in the renewable revolution – not through solar and wind power, but through lithium. The ‘white gold’ is an essential ingredient in a laundry list…
China’s economy showed mixed signals in June with consumer prices rising modestly for the fifth straight month but missing expectations, while producer prices stayed in deflationary territory.
Indian Prime Minister Narendra Modi wrapped up a high-stakes visit to Moscow on July 9 -- his first to Russia since 2019 -- that highlighted the fine line…
Uranium mining stocks soared on Wednesday after a surprise hike in extraction taxes in Kazakhstan, the world’s largest uranium-producing country, which BMO Capital Markets said will limit future…