Charles is a writer for Oilprice.com
Saudi Arabia’s crude oil exports rose by 221,000 barrels per day (bpd) to a three-month high of 7.66 million bpd in January, data from the…
Chevron, the only U.S. company currently allowed to do business in Venezuela, has urged the country’s government to clean up sediment from Lake Maracaibo to…
Algerian Energy Minister Mohamed Arkab also warned that Western price caps on Russian crude oil could lead to uncertainty and supply disruption. While Arkab suggested…
Russia expects its oil and gas production to fall this year compared to 2022, partly due to the production cuts announced for March, Russian Energy…
A rebound in crude oil demand as the Chinese economy returns to normal operation pushed crude oil throughputs at refineries higher by 3.3% over the…
Argentina is the home of the second-largest shale formation in the world, containing an estimated 16 billion barrels of oil and 308 trillion cubic feet…
China’s reopening is set to add momentum to global economic growth, OPEC said on Tuesday, revising up its forecast for Chinese oil demand growth this…
Brent crude oil prices sank back below the $80 threshold on Tuesday as the markets remained unsteady following the Silicon Valley Bank collapse. The price…
India has not committed to and is not obligated to buy Russian crude oil only below the $60 price cap of the Western nations, a…
The federal government of Canada has ordered Imperial Oil, the operator of the Kearl oil sands project, to contain a leak of tailings water that…
Oil drillers in China set a new record for well depth, drilling 9,396 meters into the ground for what has become the deepest oil well…
Oil markets continued to be disrupted by the failure of Silicon Valley Bank and Signature Bank over the weekend, with oil prices losing nearly 3%…
Norway’s oil fund held over $263 million in Signature Bank and SVB Financial Group, the owner of Silicon Valley Bank (SVB), which failed spectacularly over…
Oil prices have fallen over $2 on Monday, and were down as much as $4 in early trading, as fears of a contagion spread following…
South Korea should develop and build nuclear weapons as a means to defend itself from the growing nuclear threat from North Korea, the mayor of…
The future of the energy industry in the United Arab Emirates is bright and will reach new heights in the future, the oil minister of…
Regional rivals Saudi Arabia and Iran have agreed to resume diplomatic relations and re-open embassies and missions, Saudi Arabia, Iran, and China said in a…
The combined oil production of the OPEC+ group dropped in February by 80,000 barrels per day (bpd) as a small rise in Russia’s still resilient…
Russian crude oil imports into China have reduced the country’s intake of Iranian crude, Hellenic Shipping News reported, citing data from shipbroker Xclusiv. According to…
The United States does not see the EU as a rival in the transition to low-carbon energy, U.S. Energy Secretary Jennifer Granholm has said, noting…