Charles is a writer for Oilprice.com
Three tankers carrying Russia Sokol oil that have been stranded due to Western sanctions have started heading towards China, Reuters reported on Monday, citing tanker-tracking data from…
Russian state-run oil company Rosneft has reported a nearly 50% jump in net profits for 2023, Reuters reports, hitting over $14 billion despite Western sanctions…
Trade between Russia and Turkey has suffered a setback since late December with some payments for imported Russian oil cargoes delayed, as banks are boosting…
Equinor has signed a 15-year agreement to supply LNG to India’s Deepak Fertilisers, which will use the gas mainly as a feedstock for ammonia production…
Russia’s oil refinery rates have slumped this month by 380,000 barrels per day (bpd) compared to December levels as several refineries are under repairs after…
Chevron has announced the start of the second phase of development at the Tamar gas field offshore Israel. Despite the ongoing war with Hamas, the…
A UK-registered vessel has become the target of attack off the Yemeni coast, with military authorities saying that the crew had abandoned the vessel. The…
A fire broke out Saturday in a warehouse storing lithium-ion batteries in southern France, near Toulouse. Per media reports, the warehouse, property of local recycling…
Russia’s daily crude oil processing has dropped by 4% so far in February compared to the first half of January, and by 8.6% versus the…
Alexey Navalny, who was imprisoned in a penal colony in Russia’s Arctic Circle, has died, Russia’s prison service said on Friday. Navalny, 47, was a…
The European Union (EU) has “no interest” in extending the transit agreement for Russian natural gas supply to EU countries via Ukraine, EU Energy Commissioner…
Oil trading giant Trafigura has agreed to debt repayment plans with its oil products customers in Mongolia, which will lead to significant losses for the…
Total investments in oil and gas activity offshore Norway, including pipeline transportation, are estimated to hit $23 billion (244 billion Norwegian crowns) this year, up…
The Department of Energy has issued a challenge to the U.S. solar power industry. It urged developers to increase the amount of total installed community…
Jared Kushner, Donald Trump’s son-in-law and former advisor, has defended a $2-billion investment from Saudi Arabia’s sovereign wealth fund, denying that there was any conflict…
India’s industry expansion and rising oil refining to meet higher fuel demand are set to drive a tripling of the country’s natural gas consumption by…
Developed economies need to provide at least $1 trillion per year to climate finance for developing countries to meet the national and global climate targets,…
Natural gas pipeline explodes near southwestern Iranian city, with no reported casualties. Iran's oil minister suggests the blast was the result of sabotage. Tensions escalate…
OPEC’s crude oil production slumped by 350,000 barrels per day (bpd) in January as the latest voluntary output cuts kicked in, but not all those…
The power outage that took BP’s refinery in Whiting, Indiana, offline for at least three weeks has delayed a potential price jump by dampening demand…