Charles is a writer for Oilprice.com
Oil prices jumped on Wednesday in early trading as global stock markets rose and crude oil inventories were expected to fall sharply in the U.S.,…
Want to invest in the oil majors? Take a look at Chevron and Royal Dutch Shell, but steer clear of ExxonMobil, BP, and Total. That…
The Niger Delta Avengers (NDA) were a major driver of the rally in oil markets over the past several months, as the outage of roughly…
ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, is a discovery that is much larger than…
Few expected oil prices to crash below $30 per barrel earlier this year, but that is just what they did. Now that oil is back…
ExxonMobil is one of the top targets of environmental activists, pursued because of its alleged misinformation campaign on climate change over the past few decades.…
In a sign that the U.S. shale industry could spring back to life, one of the top Texas shale companies expects to grow both production…
Following a series of terrorist attacks in Turkey’s key cities in recent months, two suicide bombers targeted Istanbul’s international airport late on Tuesday, killing at…
The U.S. has seen several weeks in which the levels of crude oil sitting in storage have declined, falling from 80-year record highs. Inventories have…
Companies pumping oil from the Gulf of Mexico will ramp up production in coming months, propping up American output, despite efforts to curb production and…
Seismic surveys now show that Lebanon’s portion of the prolific Levant Basin is showing promising oil and gas reserves, as the country lags far behind…
Newly appointed Saudi Oil Minister Khalid Al-Falih declared the oil glut over during a visit to Saudi Aramco facilities in Houston, Texas, today. Speaking to…
U.S. Supreme Court Justice Samuel Alito has sold off his stock in Exxon Mobil Corp. worth up to $250,000, according to Reuters. In 2008, Justice…
Oil prices pushed up closer to $50 today ahead of the U.S. Energy Information Administration’s (EIA) release of crude inventory data, but were trading slightly…
The German government has agreed to ban fracking for shale gas for an indefinite period, but would allow test drilling to be carried out if…
Kenyan officials said oil from the Lokichar Basin will begin reaching foreign markets at a rate of 2,000 barrels of crude per day by July…
Oil workers in Nigeria under the union known as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) are threatening to go on…
British voters are set to vote this week on whether to stay within the European Union or to break up and go it alone. Although…
Russia’s Transport Ministry is considering the Elon Musk-proposed Hyperloop concept to connect China with the Russian Far East and may propose the idea to Beijing.…
Speaking on the sidelines of the St. Petersburg International Economic Forum on Thursday, BP Plc hinted that it was not interested in the Saudi Aramco…