Charles is a writer for Oilprice.com
Oil prices were ticking slightly upward on Thursday following U.S. economic data showing a 1.7% increase in Q2 2022 nonfarm business sector labor productivity. The…
Saudi Arabia’s energy firm ACWA Power, which is developing the world’s largest utility-scale green hydrogen facility in NEOM, plans to build three more giant green…
Amid an embargo on Russian seaborne crude to the European Union, NATO-member Turkey’s imports of Urals crude from Russia hit a four-month high in February…
China’s CNOOC has discovered oil in the Bohai Sea with the deposit estimated to contain more than 100 million tons of oil equivalent. According to…
A consortium of cities in four western U.S. states have voted in favor of moving forward with a plan to build a demonstration small modular…
Norwegian oil and gas major Equinor is nearing a deal to buy the UK North Sea assets of Canada’s Suncor Energy for around $1 billion,…
Crude oil prices rose today driven by new data from China, which suggested its manufacturing activity was picking up after the slump amid last year’s…
Alberta could see a budget surplus of some C$2.4 billion, equal to around $1.8 billion, in its new fiscal year, assuming a price for the…
Russian oil and gas output at the Sakhalin-1 project in the Far East is only half of what it was projected to be for 2022…
Russia’s decision to reduce its oil production by 500,000 barrels per day (bpd) in March will help balance the global oil market, which is in…
The energy transition needs to happen in an orderly fashion, BP's chief executive Bernard Looney said on Tuesday, warning of renewed oil and gas price…
Argentina cannot fully realize its shale oil potential unless the political leadership of the country devises a clearer energy framework, an industry executive has said,…
The Japanese government is in discussions to shorten the timeline for building a prototype nuclear fusion reactor in the country, Bloomberg has reported, citing Japanese…
The past several days have been devastating ones for Mexico’s state-run Pemex, which reported three refinery fires last week that have left two dead and…
U.S. national average gas prices have fallen by over 26 cents since this time last year, and drivers are set for more reprieve as the…
Russian oil firm Lukoil is in direct talks with Indian companies to sell its 38% stake in a deepwater oil and gas field offshore Ghana,…
Kazakhstan could halt natural gas exports next winter to prevent a domestic gas supply crisis, QazaqGaz deputy chief executive Arman Kasenov was quoted as saying…
China approved the construction of some 106 GW of new coal generation capacity last year, which was the highest level of new coal approvals since…
The Iranian rial dropped to an all-time low of 600,000 for a U.S. dollar yesterday as its economic crisis deepens. Over the last five years,…
Oil prices began the week’s trade with a slight loss before bullish and bearish factors reached something of a balance. Brent crude was trading at…