Charles is a writer for Oilprice.com
The Abu Dhabi National Oil Company (ADNOC) will invest as much as $127 billion in its upstream, downstream, and low-carbon fuel businesses between 2022 and…
The United States is taking a crack at improving its relations with OPEC—notably with Saudi Arabia—after the federal government repeatedly blamed the group for high…
Americans should get a breather at the pump this week as renewed Covid-19 fears pushed crude oil prices lower, the AAA said. “It’s too soon…
The Department of the Interior has proposed higher royalty rates and other fees for oil and gas drillers on federal lands as well as limits…
Oil prices gained over 5% early on Monday, as traders were assessing the threat to demand from the Omicron Covid variant and the potential pause…
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for…
In the latest EV sector report, the EV kingpin, Tesla Inc. (NASDAQ:TSLA), has cemented its credentials as one of the few electric vehicle manufacturers ready…
The national average U.S. gasoline price barely moved on the day after the United States announced on Tuesday a release of 50 million barrels of…
Oil prices are cheap compared to record highs of other assets including stocks and other commodities, JPMorgan Chase says. Brent Crude was trading at around…
While the Biden Administration moved to release 50 million barrels from the Strategic Petroleum Reserve (SPR) in a bid to lower gasoline prices, Florida Governor…
A potential ban on crude oil exports is under consideration at the White House, a Democratic Congressman told Bloomberg, adding that “The economics of it…
Some 64 percent of respondents in a CBS News poll believe the U.S. economy is in bad shape. Of these, 74 percent are blaming the…
Saudi Aramco and India’s Reliance Industries have scrapped plans for the Saudi oil giant to invest around $15 billion in buying 20 percent in Reliance’s…
Germany could resume the certification process for the Russia-led Nord Stream 2 natural gas pipeline in a few weeks, an analyst at a Moscow-based brokerage…
Sweet crude grades from the U.S. Gulf Coast have seen increased interest from Asian buyers in recent weeks, as many refiners in the world’s largest…
The oil market has already priced in the concerted release of crude oil from national reserves, Goldman Sachs has said, adding that the U.S. was…
The UK’s National Grid expects significantly higher earnings for its 2021/2022 fiscal year ending in March 2022, due to the higher auction prices for electricity…
President Joe Biden has asked the Federal Trade Commission to investigate the possibility of oil companies’ involvement in price trends in retail fuels, alleging illegal…
India is temporarily shutting down half of the coal-fired power plants around Delhi, but this has had nothing to do with any “coal phase-down” pledges.…
Belarus is reducing the flow of oil via the Druzhba pipeline from Russia to Poland for three days due to "unplanned maintenance" while the migrant…