Charles is a writer for Oilprice.com
Libya is planning to push a key offshore oil and gas project led by Italian Eni and Libya’s National Oil Company (NOC) in a move…
Russia’s gas giant Gazprom said it was “technically impossible” to reroute gas flows to Europe via Ukraine, after the Ukrainian Gas Transmission System Operator (GTSOU)…
Oil companies with climate goals and commitments are increasingly selling assets to private and less scrutinized operators with lower environmental standards, which does not help…
Oman has jumped from a budget deficit last year to a $930 surplus as of the end of the first quarter of 2022, thanks to…
Oil stocks are tanking amid a broader market selloff, as Wall Street responds to stubbornly high inflation that is expected to lead to more Federal…
Libya expects to open all its oil loading terminals after it sets up a mechanism for a fair distribution of the country’s oil revenues among…
The record 180-million release from the U.S. Strategic Petroleum Reserve (SPR) came as a surprise for the International Energy Agency when it was announced in…
While the Kremlin has publicly stated that it won’t be declaring war on Ukraine or announcing a military mobilization on Victory Day on May 9,…
State-owned PetroChina will not buy up heavily discounted Russian oil and gas, China’s biggest oil and gas refiner said Friday. Chief Financial Officer Chai Shouping…
Shell Plc is reportedly in discussions over the sale of Shell Neft, its chain of retail fuel stations in Russia, as part of its exit…
As U.S. diesel prices soar, U.S. exports continue to rise significantly on skyrocketing demand, refined oil product tankers are now outperforming crude tankers, which continue…
Chinese fuel demand will continue to expand this year, despite COVID lockdowns and weak economic data for April, says PetroChina, the country’s biggest oil and…
Libya’s Zueitina port has received its first oil tanker after temporarily lifting force majeure last week to free up storage space. While Libya’s National Oil…
Germany has begun construction on its first LNG import terminal, and in the meantime, has rented four mobile floating tankers as it scrambles to rid…
The U.S. Senate Judiciary Committee has approved the No Oil Producing and Exporting Cartels Act (NOPEC) bill, Reuters reports, paving the way–if signed into law…
The Biden Administration will purchase 60 million barrels of crude in Q3 in an effort to replace volumes in the U.S. strategic petroleum for the…
Diesel prices hit yet another new record on Wednesday at $5.43 per gallon, now some $1.2 more than a gallon of gasoline, according to AAA. …
Houston-based Cheniere Energy Inc reported an unexpected Q1 loss, but bumped its full-year profit forecast by 17% in its earnings release Wednesday, on the back…
Oil soared to $110 mid-Wednesday as details on the European Union’s plans to ban Russia oil continue to be revealed and digested by the market.…
As Europe moves closer to a ban on Russian oil, the voices to replace Russian gas continue to grow louder, with Norway’s Gassco pipeline operator…