Charles is a writer for Oilprice.com
U.S. inflation slipped below 5% in the month of April, marking the 10th straight month of declines as prices for milk, airline tickets, and new…
Turkey has opted to defer until 2024 as much as $600 million in payments to Russia for natural gas deliveries, anonymous sources told Reuters on…
Luxury electric vehicle maker Lucid this week reported a widening loss and revenues below estimates for the first quarter of 2023, despite receiving funding of around $2.4…
Tesla this week broke ground on a lithium refinery in Texas in the company’s latest move aimed at ensuring a sufficient supply of critical materials…
Renewable energy giant NextEra Energy Partners is planning to offload all of its natural gas pipelines to focus on clean energy expansion exclusively by 2025. …
French TotalEnergies is set to launch long-awaiting drilling offshore Lebanon in Q3 of this year, with the restive, energy-starved country now awaiting news of a…
Wildfires in Canada have so far resulted in the shut-in of 319,000 barrels of oil equivalent per day (boepd) from the country’s oil and natural…
Freight rates for supertankers have plunged by 75% in a month since several large OPEC+ producers announced a new round of oil production cuts that…
The European Commission has proposed to EU member states to consider trade restrictions on companies from China, Hong Kong, the UAE, Uzbekistan, and Armenia which…
The Canadian energy sector is reeling after the shutting in of at least 145,000 of oil equivalent per day (boepd) in the oil-rich province of…
Brent crude oil was up nearly 2% on Monday, largely driven by the easing of economic slowdown fears in the U.S.At 10:39 a.m. EST on…
China reported higher offshore crude oil and natural gas production for the first quarter, with oil production up by 3.8% and natural gas production up…
The province of Alberta declared a state of emergency this weekend with tens of thousands forced to evacuate amid raging wildfires in Canada’s oil country.…
In a bid to boost clean energy generation, India is weighing lifting a ban on foreign investment in its nuclear energy industry, Reuters reported on…
The joint venture partners in the Corentyne Block offshore Guyana have discovered oil in a well drilled on the block, but they are not giving…
The United Arab Emirates' ADNOC has informed Asian buyers of crude it would ship 5% lower volumes to them this month, possibly as a result…
Friday morning trading in Asia saw oil prices in the green with a slight rise of less than a percentage point, and not enough to…
The majority of the oil tankers owned by Venezuela are in such decrepit condition that they lack certification by flag nations and are at risk…
Turkish Petroleum (TPAO) has made the largest crude oil discovery onshore Turkey with a find estimated to hold 1 billion barrels of crude, the Turkish…
The board of Australia's Newcrest Mining has recommended the latest takeover offer of bigger sector player Newmont, which last month valued the target company at…