Charles is a writer for Oilprice.com
For the first time in over two decades, ExxonMobil failed to replace the oil and gas that it pumped in a year. ExxonMobil reported on…
During a sombre visit to Germany last week, Iraqi Prime Minister Haider al-Abadi urged the international community to help boost his country's crisis economy in…
A new oil and gas tax package introduced in late December and launching high-level disputes with foreign energy companies may be dead in the water,…
Tumbling for the ninth week in a row, the oil rig count is now down by another 27 rigs, according to Baker Hughes data from…
Iran is reportedly delaying the sale of its new heavy oil grade by several months as the country works out a marketing plan, news agencies…
Enbridge says that new requirements expected to come out of a Minnesota environmental impact statement for work on two major U.S. pipeline projects could lead…
U.S. warplanes have carried out attacks on Islamic State militants, targeting an apparent training camp in Sabratha, some 70 kilometers west of the capital, Tripoli.…
Emerging East African oil giant Kenya is sitting on about one billion barrels of reserves that its discoverers say is commercially viable even with oil…
Close to 45 million acres of oil and gas leases in the Gulf of Mexico will go up for sale next month, the Bureau of…
Turkish Prime Minister Ahmet Davutoglu today blamed Kurdish militants in Turkey and Syrian Kurdish fighters for the Ankara bombing that left some 28 people dead…
S&P dropped a bombshell on Thursday, downgrading the sovereign credit rating for Saudi Arabia by two notches. The ratings agency also slashed credit rating for…
A consortium led by Brazil’s state-run Petrobras has announced a discovery of more oil in the offshore Libra prospect in the pre-salt Santos Basin. Drilling…
The Energy Information Agency (EIA) projected today that crude oil production in the U.S. Gulf of Mexico should increase to record high levels next year,…
Total’s impressive fourth quarter earnings give us a glimpse into how a supermajor can adjust to an oil price slump by getting the downstream-upstream balance…
For the first time since February 2005, the average U.S. retail price for diesel fuel fell below $2 per gallon, according to the Energy Information…
A Nigerian parliamentary committee has announced major anti-corruption findings in relation to a multi-billion-dollar crude oil swaps program with foreign companies. The ad-hoc committee revealed…
State energy officials in Kazakhstan have announced the production will resume at the giant Kashagan oilfield by the end of this year, putting the largest…
After Russia and several top OPEC nations, including Saudi Arabia and Qatar, announced a general agreement to freeze oil production, sights shifted to Tehran to…
Under domestic financial pressure, the Kurdistan Regional Government (KRG) in northern Iraq has accepted a deal from Baghdad that would have the Kurds halt unilateral…
Militants from the National Liberation Army (ELN) blew up a section of Colombia’s Transandino pipeline overnight Monday, killing two policemen right before the incident. The…