Charles is a writer for Oilprice.com
As Shanghai prepares to reopen factories amid a strict COVID-19 lockdown that had driven oil prices lower last week, the IMF has cut its global…
A former vice president at Russian bank Gazprombank—the bank at the center of Russia’s rubles-for-gas payment scheme—has killed his wife and daughter before killing himself…
The U.S. federal government will hold oil and gas lease sales in at least eight states in June after a court overturned President Biden's moratorium…
The United States may be exporting crude oil released from the strategic petroleum reserve in a bid by the federal government to lower prices at…
Gasoline prices in the United States have dropped to a national average of $4.087 per gallon, down from $4.114 a week ago, but with oil…
As Europe continues to consider a ban on Russian energy exports, German business and unions are joining forces in opposition, warning that an immediate Russian…
The Libyan National Oil Company (NOC) has declared force majeure on another key Libyan oil field, the 300,000 bpd Al Sharara, amid protests that had…
The European Union can diversify away from Russia in natural gas faster than previously believed, the Prime Minister of Italy, Mario Draghi, said this weekend.…
Ukrainian and international experts analyzing the flows of Russian oil and tankers have identified supplies of oil from Kazakhstan, which they believe contain clandestinely loaded…
Power generation from wind turbines was the second-largest source of electricity in the United States on March 29, behind only natural gas and surpassing both…
Amazon is introducing a 5-percent surcharge for third-party sellers using its shipping services, the first such surcharge for the company, as soaring fuel prices and…
Supermajors Shell and TotalEnergies were among the winning bidders in an oil auction in Brazil that offered 59 exploration blocks, including several in the Santos…
U.S. oil drillers are pumping more crude as international prices remain elevated amid supply uncertainty and demand strength. Citing industry experts, Reuters reported today that…
Libya can raise its natural gas production by 30 percent with an investment of up to $1 billion, Italy’s Ambassador to Libya, Giuseppe Buccino, said…
India faces another coal crunch as coal inventories at utilities are at the lowest for this time of the year in nearly a decade, while…
The price of electricity generated by renewable power sources in North America has added almost 30 percent over the past year due to fast-rising development…
Greece plans to step up efforts to explore for natural gas in an attempt to reduce its 40-percent reliance on Russian gas, Greek Prime Minister…
President Biden is set to unveil plans for the sales of higher ethanol content gasoline during the summer in an attempt to restrain the price…
Russia’s current account surplus, the broadest measure of trade, more than doubled in the first quarter of 2022 from the same period last year amid…
Despite pledges of net-zero portfolios, Canadian banks doubled their funding for Canada’s oil sands production and related projects to $16.8 billion last year, according to…