Charles is a writer for Oilprice.com
Record-high fuel demand raised refinery throughput in India by 2% in February from January, according to provisional government data cited by Reuters. In February, when…
Ovintiv has struck a deal to buy untapped oil and gas assets in the Permian from EnCap Investments for $4.3 billion. The deal will expand…
Mexico is set to buy 13 power plants currently operated by Spain’s utility major Iberdrola in a deal worth some $6 billion. The purchase, Reuters…
The Iraqi government has agreed to have 30% in a major $27-billion project to be developed by supermajor TotalEnergies in Iraq, down from the 40%…
Two German insurance majors have renewed their cover on the Nord Stream 1 pipeline that was sabotaged last summer and has been out of commission…
U.S. gasoline prices were up slightly week-on-week, with analysts now warning that the OPEC+ surprise production cut could hit at inflation. The OPEC+ plus announcement…
A 25-basis point interest rate hike by the Federal Reserve in May is now more likely to materialize as a result of the surprise oil…
The surprise OPEC+ cuts are making oil balances look “insanely bullish” for later this year, provided that the global economy holds up, Amrita Sen, founder…
The March reading of China’s purchasing managers’ index fell to a neutral level from a month earlier, suggesting the rebound following the Covid restrictions may…
Oil from the Kurdistan Regional Government in northern Iraq may start flowing as soon as this week after KRG and federal government officials reached a…
Despite a new export tax, Brazilian oil exports have jumped to a monthly record-high this month, Reuters reported on Friday, quoting government data and industry…
The South Central natural gas storage in the United States saw record-low cumulative gas withdrawals from underground storage this winter season, the U.S. Energy Information…
Privately held commodity major Vitol has raked in close to $15 billion in profits for 2022 amid the energy crisis that struck Europe and spread…
China’s offshore oil major CNOOC plans to increase its production by 12% over the next two years, to between 730 and 740 million barrels of…
Gulf of Mexico oil lease sale number 259 held on Wednesday attracted $264 million in bids for drilling rights in an area estimated to hold…
Coal prices in the United States and the benchmark coal price in Australia have plummeted this winter amid milder-than-usual weather and the falling price of…
Kurdistan’s oil exports could be suspended for several more days as officials from Kurdistan are set to return to Baghdad next week for a new…
The UK will later today unveil plans for boosting its energy security by scaling up investments in low-carbon energy. Offshore wind, carbon capture and reuse,…
The banking crisis that started with the failure of Silicon Valley Bank (SVB) is putting major U.S. LNG projects at risk, as rising interest rates…
The Biden administration is moving ahead today with the controversial online auction of over 114,000 square miles of oil and gas leases in the Gulf…