Charles is a writer for Oilprice.com
The Department of Energy has awarded contracts for a total of 30 million barrels of crude oil to be released from the strategic petroleum reserve…
The U.S. West Coast is expected to import 120,000 barrels per day of gasoline and blending components for the remainder of this month, up from…
The Indian states of Punjab, Uttar Pradesh and Andhra Pradesh have been forced into blackouts as of Thursday as power supplies are cut off due…
Prices at the pump directly correlate with presidential approval ratings, the chief executive of FedEx told Fox News this week, citing a conversation he had…
In Germany’s most definitive statement yet regarding Russian oil and gas imports, the German Foreign Minister has pledged that the country will cease importing Russian…
Libya’s prime minister-designate Fathi Bashagha has offered to help the UK replace Russian oil in return for help with post-war reconstruction, in a move seen…
President Biden has reintroduced stringent environmental assessment rules for any large-scale project, including pipelines and oil wells. Per an Associated Press report, this week saw…
High oil prices will push Saudi Arabia’s economy into high-growth mode, more than doubling this year, according to the International Monetary Fund (IMF), which raised…
As Shanghai prepares to reopen factories amid a strict COVID-19 lockdown that had driven oil prices lower last week, the IMF has cut its global…
A former vice president at Russian bank Gazprombank—the bank at the center of Russia’s rubles-for-gas payment scheme—has killed his wife and daughter before killing himself…
The U.S. federal government will hold oil and gas lease sales in at least eight states in June after a court overturned President Biden's moratorium…
The United States may be exporting crude oil released from the strategic petroleum reserve in a bid by the federal government to lower prices at…
Gasoline prices in the United States have dropped to a national average of $4.087 per gallon, down from $4.114 a week ago, but with oil…
As Europe continues to consider a ban on Russian energy exports, German business and unions are joining forces in opposition, warning that an immediate Russian…
The Libyan National Oil Company (NOC) has declared force majeure on another key Libyan oil field, the 300,000 bpd Al Sharara, amid protests that had…
The European Union can diversify away from Russia in natural gas faster than previously believed, the Prime Minister of Italy, Mario Draghi, said this weekend.…
Ukrainian and international experts analyzing the flows of Russian oil and tankers have identified supplies of oil from Kazakhstan, which they believe contain clandestinely loaded…
Power generation from wind turbines was the second-largest source of electricity in the United States on March 29, behind only natural gas and surpassing both…
Amazon is introducing a 5-percent surcharge for third-party sellers using its shipping services, the first such surcharge for the company, as soaring fuel prices and…
Supermajors Shell and TotalEnergies were among the winning bidders in an oil auction in Brazil that offered 59 exploration blocks, including several in the Santos…