Charles is a writer for Oilprice.com
Canadian Gibson Energy has struck a deal with Buckeye Partner to buy the South Texas Gateway oil terminal for some $1.1 billion in cash. The…
Scientists are constantly pushing frontiers in search for solutions to the many challenges that human civilization faces, and nowhere is this truer than in energy.…
The markets were unsurprised by a Federal Reserve decision on Wednesday to pause interest rate hikes, with the consensus sentiment in the run-up to the…
JP Morgan has significantly reduced its forecast for Brent Crude prices for this year to $81 per barrel, down from $90 a barrel expected earlier,…
Aramco is the biggest company in the Middle East in terms of sales, revenues, and market value, according to the latest Forbes list for the…
Natural gas production in the Permian Basin hit a record in 2022, the Energy Information Administration reported, with the total at 21 billion cubic feet…
OPEC on Tuesday kept its oil demand growth forecast for 2023 mostly unchanged from last month but warned of increased economic uncertainties ahead due to…
A U.S. official has denied a report that emerged last week that Washington was once again in talks with Tehran about the latter’s nuclear program.…
Duke Energy has struck a deal to sell its unregulated Commercial Renewables business to Brookfield Renewable—a wind and solar power asset operator. The deal is…
Saudi Arabia has signed an agreement worth $5.6 billion with China’s electric vehicle maker Human Horizons to design and manufacture EVs, the Saudi state news…
Unipec, the trading unit of the top Chinese and Asian refiner, Sinopec, is selling unusually large volumes of Oman crude for August loading to other…
A 24-hour ceasefire in Sudan has ended and clashes between warring political factions have resumed, dampening hopes for a quick solution to the situation in…
The United States is about to start unloading crude from a tanker allegedly used to carry Iranian oil abroad, the FT has reported, noting the…
Smoke from Canada’s wildfires is preventing solar panels from catching sunlight, and solar power generation in the northeast United States is tumbling by more than 50%…
OPEC+ slashed its crude oil production by 670,000 barrels per day (bpd) in May, as the voluntary cuts with which the group shocked the markets…
Despite the Western sanctions, Russian oil companies boosted their gasoline exports by 37% between January and May compared to the same period in 2022, Russian…
The UK’s government may lift the controversial 35% windfall tax it imposed on the energy industry last year in response to the supply crunch that…
Equatorial Guinea, a small West African country and OPEC’s smallest oil producer, did not export any crude oil in May due to output declines and…
U.S. solar system installations rose by 47% in the first quarter of the year despite import problems because of the tariffs imposed on Asian exporters.…
Argentina’s state oil and gas operator YPF will focus its efforts on bringing crude oil and natural gas exports from the Vaca Muerta shale formation…