Few inventions have had an impact as profound as that of plastic. Invented just 100 years ago, plastics have found applications in areas as diverse as clothing, packaging, transport,…
The United States this year became the largest crude oil producer, surpassing Russia and Saudi Arabia, according to preliminary estimates from the Energy Information Administration. Although following the June…
Caracas is preparing the return of oil contracts with private companies that were last used in the 1990s before the Chavez era that made PDVSA the one and only operator…
California just passed one of the most aggressive climate bills in history, making it the first large economy to mandate carbon-free electricity by 2045. The bill that Governor Jerry Brown…
If Europe’s eight largest oil companies want to meet the climate and carbon-reducing goals they have set, their spending on new, low-carbon energies must double by 2020, and then double…
Natural gas production at the Haynesville formation in northwest Louisiana and East Texas has been steadily rising this year to reach its highest level since September 2012. Recovering natural gas…
Many environmentalists are staunchly against the idea that natural gas can act as a bridge fuel to a renewable future. Actor Mark Ruffalo echoed the sentiments of many environmentalists when…
China concluded the first physical settlement of the Shanghai crude futures contract (SC crude contract) on September 7, 2018, indicating that the newly launched contract has undergone all the trading…
Amid fears of global oil supply disruption and production curbs, in its latest monthly report, OPEC expects global oil supplies to remain stable, while cautioning that demand is becoming…
A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September 7, the Energy Information…
Saudi Arabia has the chance to regain Asian market share after at least three North Asian refiners have asked to receive extra supplies of Saudi oil for…
Oil demand could peak as soon as five years from now. Predicting the point at which the world reaches peak oil demand has become something of a cottage industry. The…
Natural gas, helped by gains in energy efficiency, will dethrone oil as the biggest energy source that the United States uses by the end of this year. That’s according to…
PetroChina has just inked a deal to buy 3.4 million tonnes per annum (mtpa) of LNG from QatarGas in a move representing the Chinese firm’s largest ever to date…
A Chinese state oil major that already dominates most of South Sudan’s oil production is poised to play an even larger role in the African country’s efforts to boost its…
Last month, the Trump Administration announced that it would replace fuel efficiency standards enacted by the Obama Administration in order to make cars safer and more affordable. The new proposal unveiled…
The oil bulls appear to have returned following reports of turmoil in Libya and Iraq. (Click to enlarge)
Despite reduced costs and efficiency improvements, the UK oil and gas industry could lose its significance as a key contributor to the UK economy and energy supply, due to record…
Hurricane Florence, which is moving towards the U.S. East Coast, helped push prices higher today and will continue to act as a tailwind for West Texas Intermediate until at least…
In what can arguably be called a strategic geopolitical gesture toward France, Iran’s oil minister Bijan Zanganeh said on Saturday that the country would refund French oil major Total…