Charles is a writer for Oilprice.com
ExxonMobil faces renewed pressure from investors to change with the times and invest more in clean energy after a new activist investor firm is setting…
France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with which it could raise…
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly…
While the UK’s total new car sales slumped in November due to the second lockdown, electric vehicles (EVs) recorded their third-highest ever monthly share of…
The Public Investment Fund, the sovereign wealth fund of the world’s largest oil exporter Saudi Arabia, has contacted international banks for a loan of up…
The Brent crude benchmark for oil prices could soon include West Texas Intermediate, Bloomberg has reported, citing plans by S&P Global Platts to expand the…
Venezuela’s state oil company PDVSA suspended gasoline production at the El Palito refinery after a problem with a valve led to a fire, unnamed sources…
Enbridge is starting construction on the Line 3 oil pipeline replacement in Minnesota after receiving all necessary approvals and permits, the pipeline operator said this…
Libya’s UN-recognized government said on Wednesday that an urgent meeting of all stakeholders involved had agreed to work toward unfreezing Libya’s oil revenues, an essential…
Tesla (NASDAQ: TSLA) will be added to the S&P 500 index all at once at its full market capitalization before trade opens on December 21,…
Japan and Kuwait have struck a deal to store crude oil for Southeast Asia in Japan in a bid to boost the region’s oil supply…
The United States government is set to add Chinese state oil company CNOOC to a blacklist of companies with ties to the Chinese military, Reuters…
Brazil’s state energy giant Petrobras has cut its five-year investment plan by 27 percent to $55 billion, driven by the effects of the coronavirus pandemic.…
Unusually high open interest in West Texas Intermediate was one of the two causes for the benchmark plunging into negative territory in late April, according…
The Houthi rebels in Yemen said today they had fired a missile against a target in the Saudi city of Jeddah and had hit it,…
Crude oil demand is likely to rebound next year following the promising news about a vaccine against the novel coronavirus, according to Fitch Solutions. In…
Norway is offering 136 offshore oil and gas exploration blocks in the Barents Sea and the Norwegian Sea, the country's Petroleum Directorate said today. recently…
After a wave of bankruptcies in the third quarter, oil producers and oilfield services companies in the U.S. shale patch continued to file for protection…
The UK government will ban sales of gasoline and diesel cars from 2030, the BBC reported, citing Prime Minister Boris Johnson. The move is part…
India’s oil and gas companies should consider selling stakes in their exploration acreage to foreign companies with the technology to tap more oil and gas…