Charles is a writer for Oilprice.com
Lukoil’s Bulgarian subsidiary has secured a $570 million line of credit to finance the modernization of the Black Sea Burgas refinery and add a hydrocracking…
Norway’s Statoil has announced two oil and gas discoveries in the Norwegian part of the North Sea, highlighting the potential for more discoveries in an…
Russian state-run gas giant Gazprom is exporting record volumes of gas to Europe and Turkey, with lower prices and colder weather boosting demand.After slumping in…
Syria’s opposition has condemned the signing last week of Syria’s first-ever offshore oil exploration deal, with Russia, claiming oil blocks are being swapped for weapons…
As ExxonMobil (XOM) predicts a 35% increase in global energy demand by 2040, the company’s shares have soared to a new 15-month high on a…
US government scientists have succeeded in producing crude oil from algae in less than an hour, but are still far from rendering the process commercial…
China controls the rare earth elements that US defense relies on for its high-tech equipment, and now the Pentagon is claiming that the balance is…
Average retail gas prices in the US fell slightly on Thursday, to $3.21 per gallon, according to the AAA, after falling four cents over the…
In what is considered as a setback for Norway, its state-owned oil company, Statoil, has just reduced the estimated volume of resources in the Johan…
The move by banking and securities regulators to ban proprietary trading at financial institutions could put an end to Wall Street’s dominance in the commodity…
Even though an amnesty has now been declared by the DUMA, it is widely considered that Russia reacted very harshly to the 30 Greenpeace protestors…
By then end of this year, Pennsylvania may be the second-biggest gas-producing US state, behind Texas, as production at the Marcellus Shale soars, according to…
The government has just published an environmental report showing the currently licensed areas and areas under consideration in a new draft licensing plan, and it…
Tesla Motor’s chief designer, Franz von Holzhauzen, has recently taken part in an interview with Auto Bild, a leading German automobile magazine, in which he…
Russia has hinted that it is close to agreeing a deal with Ukraine to offer a loan and lower natural gas prices in an effort…
Pemex’s monopoly over Mexico’s oil industry will finally come to an end after 75 years, following a two-thirds majority win (353-134) in a vote yesterday,…
As Asia develops to become a huge market in both the production and consumption of oil and LNG, Singapore seems to be turning into the…
Texas-based Cheniere Energy Inc. has signed a 20-year contract with Indonesia’s state-owned Pertamina, which will purchase 0.8 million tons annually of LNG for the duration…
Ukraine’s Prime Minister Mykola Azarov has come back to the Europe Union and said that they will sign the trade and cooperation agreement in exchange…
On Tuesday, Australian officials approved a major dredging project that would expand the Abbot Point port, a major coal shipping port that is situated just…