Charles is a writer for Oilprice.com
Despite a new export tax, Brazilian oil exports have jumped to a monthly record-high this month, Reuters reported on Friday, quoting government data and industry…
The South Central natural gas storage in the United States saw record-low cumulative gas withdrawals from underground storage this winter season, the U.S. Energy Information…
Privately held commodity major Vitol has raked in close to $15 billion in profits for 2022 amid the energy crisis that struck Europe and spread…
China’s offshore oil major CNOOC plans to increase its production by 12% over the next two years, to between 730 and 740 million barrels of…
Gulf of Mexico oil lease sale number 259 held on Wednesday attracted $264 million in bids for drilling rights in an area estimated to hold…
Coal prices in the United States and the benchmark coal price in Australia have plummeted this winter amid milder-than-usual weather and the falling price of…
Kurdistan’s oil exports could be suspended for several more days as officials from Kurdistan are set to return to Baghdad next week for a new…
The UK will later today unveil plans for boosting its energy security by scaling up investments in low-carbon energy. Offshore wind, carbon capture and reuse,…
The banking crisis that started with the failure of Silicon Valley Bank (SVB) is putting major U.S. LNG projects at risk, as rising interest rates…
The Biden administration is moving ahead today with the controversial online auction of over 114,000 square miles of oil and gas leases in the Gulf…
Russia's largest oil firm, state-controlled Rosneft, signed on Wednesday a term agreement with Indian Oil Corporation to raise the supply of Russian crude to India…
CNOOC, the Chinese state-owned oil and gas giant, reported on Wednesday a record-high profit for 2022, thanks to the high oil and gas prices. CNOOC…
Europe’s benchmark natural gas prices rose on Wednesday morning for a third consecutive day of gains amid lower LNG supply due to the nationwide strikes…
An oil dispute between the Iraqi government and the semi-autonomous Kurdistan region that also involves Turkey has escalated this week, pushing oil prices higher. Brent…
The European Union member states on Tuesday approved an emissions regulation under which the bloc will end sales of new carbon dioxide-emitting cars and vans…
California lawmakers passed legislation this week that will allow penalties to be imposed on fuel retailers for what California’s governor has called price gouging at…
Warren Buffett’s Berkshire Hathaway bought shares in Occidental Petroleum for the third time this month, boosting its stake in the company to 23.6 percent. The…
Amid extreme volatility, crude oil prices rallied sharply on Monday recording their biggest gains in months after a banking crisis seemed to lose steam. At…
The UK government on Monday said that more than 94,000 prepayment meters had been forcibly installed in homes last year, as household energy bill debt…
As oil sector deal-making starts to show signs of recovery, Brookfield Renewable Partners will acquire Australia’s Origin Energy utility for over $10 billion, while the…