Charles is a writer for Oilprice.com
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…
Although the national average U.S. gasoline price fell slightly by 0.3 cents per gallon last week, declines are likely to be temporary, according to Patrick…
China’s state oil major Sinopec reported lower-than-expected net figures for 2022, citing the impact of Covid lockdowns that stifled China’s economy last year. The company…
Saudi Aramco plans to build a $10-billion refining and petrochemical complex in China over the next three years, taking advantage of the country’s growing demand…
The biggest industrial action in decades is set to begin today in Germany in the transport sector as workers go on strike in response to…