Charles is a writer for Oilprice.com
Russia’s gas giant Gazprom believes that pipeline natural gas could be compatible with the global climate goals of greenhouse gas reduction and Europe’s commitment to…
Only 36 percent of Russia's recoverable crude oil reserves can turn a profit in the current market, Deputy Energy Minister Pavel Sorokin said in an…
U.S. President Joe Biden is expected to sign on Wednesday an executive order directing federal government agencies to determine the extent of a ban on…
Saudi Arabia is working to replace the use of petroleum liquids for power generation with solar energy and gas-fired capacity, Argaam reported on Monday, citing…
President Joe Biden’s decision to impose a 60-day moratorium on oil and gas permitting on federal lands has government officials in New Mexico scared and…
Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised…
The largest oilfield services provider, Schlumberger (NYSE: SLB), reported on Friday better-than-expected earnings for the fourth quarter and, like its rivals Halliburton and Baker Hughes,…
Oil traders are mixing additives into Venezuelan crude to disguise its origin so they can sell it to Chinese refiners without either party getting stung…
India hopes it could diversify its oil suppliers under the new U.S. Administration that could relax restrictions on oil exports from Iran and Venezuela, India’s…
Reduced availability of seaborne crude oil shipments from the world’s top oil exporter, Saudi Arabia, and a rising number of oil tankers available on the…
An Israeli firm has announced the first superfast EV battery that can charge in just five minutes. The technology could spark a true EV revolution…
Norway has awarded 61 offshore exploration licenses to 30 companies in the latest annual licensing round for oil and gas exploration in mature areas on…
The Abu Dhabi National Oil Company (ADNOC) is looking to form partnerships with companies from the United States to develop unconventional oil resources in the…
The French central bank will reduce its exposure to the oil and gas industry over the next four years as part of efforts to redirect…
Tankers carrying oil from Iran to Syria have been intercepted in the Red Sea and delayed shipments of oil to Syria, the Prime Minister of…
Russia’s flagship crude grade, Urals, has seen higher demand from European refiners, with prices rising accordingly, since Saudi Arabia announced a surprise additional production cut…
A leak that forced the shutdown of an oil pipeline in Libya has reduced its recovering oil production by as much as 200,000 bpd, Bloomberg…
Tesla is clearing all inventory of Model S and Model X across stores and showrooms, multiple reports say, suggesting that the electric vehicle maker is…
Venezuela is opening up to foreign investment in its oil industry, President Nicolas Maduro said this week, in a bid to reverse a catastrophic drop…
Days before the end of the current Administration, a U.S. banking industry regulator finalized a rule under which large American banks cannot deny lending money…