Charles is a writer for Oilprice.com
Chesapeake Energy reported expectation-beating profits for 2023 even though the figure was lower than the net result for 2022, standing at $2.4 billion, versus $3.5 billion for 2022. The…
Rates for very large crude carriers (VLCCs) transporting oil from the Middle East to China have risen to a three-month high of $66,600 per day…
Russia has sent its first cargo of its flagship Urals crude grade to Venezuela in five years as tougher U.S. sanctions on Moscow’s oil exports…
The Amsterdam Court of Appeal rejected on Tuesday Russia’s final argument in an appeals case against an arbitration award in which Moscow has to pay $50 billion…
Russia appears to have complied in January with its pledge to reduce crude oil exports by 300,000 barrels per day (bpd) this quarter, anonymous sources…
North Dakota oil companies are likely to increase their production modestly this year, the director of the state’s Department of Mineral Resources, Lynn Helms said…
Three tankers carrying Russia Sokol oil that have been stranded due to Western sanctions have started heading towards China, Reuters reported on Monday, citing tanker-tracking data from…
Russian state-run oil company Rosneft has reported a nearly 50% jump in net profits for 2023, Reuters reports, hitting over $14 billion despite Western sanctions…
Trade between Russia and Turkey has suffered a setback since late December with some payments for imported Russian oil cargoes delayed, as banks are boosting…
Equinor has signed a 15-year agreement to supply LNG to India’s Deepak Fertilisers, which will use the gas mainly as a feedstock for ammonia production…
Russia’s oil refinery rates have slumped this month by 380,000 barrels per day (bpd) compared to December levels as several refineries are under repairs after…
Chevron has announced the start of the second phase of development at the Tamar gas field offshore Israel. Despite the ongoing war with Hamas, the…
A UK-registered vessel has become the target of attack off the Yemeni coast, with military authorities saying that the crew had abandoned the vessel. The…
A fire broke out Saturday in a warehouse storing lithium-ion batteries in southern France, near Toulouse. Per media reports, the warehouse, property of local recycling…
Russia’s daily crude oil processing has dropped by 4% so far in February compared to the first half of January, and by 8.6% versus the…
Alexey Navalny, who was imprisoned in a penal colony in Russia’s Arctic Circle, has died, Russia’s prison service said on Friday. Navalny, 47, was a…
The European Union (EU) has “no interest” in extending the transit agreement for Russian natural gas supply to EU countries via Ukraine, EU Energy Commissioner…
Oil trading giant Trafigura has agreed to debt repayment plans with its oil products customers in Mongolia, which will lead to significant losses for the…
Total investments in oil and gas activity offshore Norway, including pipeline transportation, are estimated to hit $23 billion (244 billion Norwegian crowns) this year, up…
The Department of Energy has issued a challenge to the U.S. solar power industry. It urged developers to increase the amount of total installed community…