Charles is a writer for Oilprice.com
President Vladimir Putin has approved Baker Hughes’ plan for exiting Russia through the transfer of its assets in the country to a special-purpose vehicle set…
Standard Chartered analysts are now forecasting a reduction in global oil demand of over 400,000 bpd year-over-year in the fourth quarter amid increasingly bearish fundamentals. …
Turkey has begun to pay partially in rubles for the Russian gas it receives, Turkish Energy Minister Fatih Donmez told a local broadcaster on Tuesday.…
Russian attacks on Ukraine’s energy infrastructure will leave Ukraine under emergency shutdowns for up to five weeks, with President Volodymyr Zelensky warning that more attacks…
Goldman Sachs on Monday downgraded Shell over what it views as overvaluation compared to its supermajor peers.The European Union’s big oil sector, SXEP, has generated…
A German economist has filed a lawsuit against OPEC with a Berlin court, accusing the cartel of pushing up the prices of the gasoline and…
China’s crude oil imports ticked up in October for the first year-over-year increase since May, reaching 43.14 million tons, according to official customs data. The…
Chinese state-owned energy giants signed deals worth billions of dollars with companies from around the world during a recent expo that took place in China.…
Serbian President Aleksandar Vucic has told the Financial Times that the country would consider nationalizing its oil industry if necessary to ease the burden of…
The oil industry needs to increase investment in capacity and new production so that the oil market can avoid high volatility in the future, OPEC’s…
Saudi Arabia has lowered its official selling prices for oil for all its Asian clients, with the flagship Arab Light for December delivery now priced…
Natural gas consumption in China may fall this year for the first time in two decades, albeit moderately, because of the slowdown in the economy,…
Russian exports of liquefied natural gas (LNG) rose in October to their highest level since March, vessel-tracking data compiled by Bloomberg showed on Wednesday, in…
China’s Nio, the EV maker, has suspended manufacturing activities due to Covid restrictions amid the latest flare-up in infections in the country. "The news that…
Saudi Arabia’s energy infrastructure may face the threat of another attack by Iran based on intelligence shared between Riyadh and Washington, though threat assessments have…
Russia will consider what further steps it will take in regard to its claim that the UK Navy was involved in the sabotage of the…
Russian giant Gazprom saw its natural gas exports to customers outside the Commonwealth of Independent States (CIS) plunge by 43% between January and October as…
Russia’s missile attacks on Ukrainian power infrastructure this week, which included a strike on an apartment that killed a resident, was in response to a…
In an address to the nation on Monday, President Joe Biden raised the specter of a windfall tax on energy companies that refuse to boost…
National averages for a gallon of gasoline at the pumps in the United States have now fallen for the third straight week, shedding a total…