In the past, oil has accounted for 96 percent of Venezuela's exports and over 40 percent of government revenues. Now, as the nation’s economy continues to crumble amid sanctions, political…
In the much-heralded meeting yesterday between President Donald Trump and Russian President Vladimir Putin in Helsinki, Trump said that the U.S. will “compete successfully” against Russia in Europe’s natural…
Russian President Vladimir Putin has assured U.S. President Donald Trump that Moscow will keep the transit route of natural gas to Europe via Ukraine, Russia’s president said at the…
President Trump is reportedly considering tapping the strategic petroleum reserve to lower gasoline prices in an effort to neuter a political threat ahead of key midterm elections in November. Sources…
There is only one sure thing when it comes to oil price forecasting—forecasts will inevitably prove to be wrong. If it’s not too high, it’s certainly too low—at any rate,…
Iraq’s future is again tottering with protests erupting of the country. Baghdad is being confronted by internal unrest, as economic and social problems have spilled over into the political arena.…
Russian gas giant Gazprom is doubling down on the vast natural gas reserves on and offshore the Yamal peninsula, an Arctic lowland region in northwestern Siberia. The Yamal peninsula is…
Russia’s energy ties to China have been discussed at length throughout our website – the construction of the 38 BCm per year Power of Siberia gas pipeline, seaborne sales of…
As liquefied natural gas (LNG) markets mature, trying to establish itself against decades of crude oil dominance, developments far removed from most of the action are taking unusual turns that…
Just as scientists are making leaps and bounds in the technology behind biofuel production, opening the way for cheaper and more efficient clean fuel sources, the United States’ Environmental Protection…
Saudi Arabia is offering extra oil on top of its contractual volumes to some buyers in its key market Asia, as OPEC’s largest producer boosts oil production to keep markets…
Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial…
Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months. Higher oil prices play a role in this, but…
In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at…
A common bacterium that lives in the human gut and can sometimes cause nasty stomach upsets can be used for good, scientists from the University of British Columbia have discovered.…
As the world’s largest natural gas and oil producer and exporter, Russia plays an important role in setting the global geopolitical agenda. The recent agreement with OPEC is evidence of…
Diogenes the Cynic was once asked by one of his students whether a man should buy or rent. His reply was typical Diogenes, but still unexpected, "Whichever he chooses, he…
Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest…
Should supply disruptions in Venezuela and Libya lead to a deficit on the oil market, OPEC and its Russia-led non-OPEC partners will act to ensure enough supply, Russia’s Energy…
German support for Russia’s plans to double the capacity of the Nord Stream natural gas pipeline under the Baltic Sea has, in turn, encouraged Bulgaria’s aspirations to develop a regional…