Charles is a writer for Oilprice.com
Russia’s security services claim to have foiled an attempt by Ukrainian special services to carry out a “terrorist attack” on the South Stream gas pipeline,…
A barrage of Russian missiles has forced the shut-down of six nuclear power plants at a time when the Ukrainian power infrastructure has already sustained…
Three well-placed unnamed sources have told Reuters that Washington could grant Chevron approval to significantly boost oil production in Venezuela as early as this weekend,…
Inflation-adjusted average U.S. gasoline prices ahead of Thanksgiving are up by 7.5% compared to the same time last year, in line with the overall rise…
The European Union has unveiled a long-awaited natural gas price cap plan to protect consumers from soaring energy prices in the wake of Russia’s invasion…
UK oil and gas companies are facing a bill of some $24 billion, or 20 billion pounds, for plugging unused wells, Reuters has reported, citing…
The Houthi rebels attacked this week a ship at the al-Dhabba oil terminal in Yemen in the latest attack over the past weeks. The United…
One of Australia’s largest real estate developers, Lendlease Corp., has announced plans to stop constructing gas infrastructure in new buildings from 2030 onwards as part…
Iranian missiles bombarded the Kurdistan Regional Government (KRG) capital of Erbil and the city of Sulaymaniyah on Monday in apparent retribution for the Northern Iraqi…
The UAE has reiterated that it has not been in any discussions with OPEC members to change the existing agreement, denying talks of a potential…
Reports have emerged that Saudi Arabian officials are now denying news originating from the Wall Street Journal that OPEC is considering a 500,000 barrel-per-day oil…
Short-term oil price forecasts have been persistently bullish this year, with most forecasters expecting benchmarks to top $100 sometime next year. Over the longer term,…
In less than a decade, the world will have burned through what’s left of its entire carbon budget, soaring past the critical threshold and unleashing…
The world’s largest crude oil exporter, Saudi Arabia, has started to slash its crude exports after OPEC+ is now reducing its overall target production by…
The UK is raising the windfall tax on the profits of oil and gas operators in the North Sea while also expanding the tax to…
Oil prices declined on Wednesday and were still lower early on Thursday morning as NATO made clear that the missile that fell in a Polish…
The Biden administration has asked Congress to approve $500 million in funds for the modernization of the four sites of the country’s Strategic Petroleum Reserve,…
The missile that struck Polish territory killing two yesterday was unlikely to have come from Russia, U.S. President Joe Biden said earlier today. The missile…
Stubbornly high diesel prices fueling inflation as well as slowing economies are expected to lead to a slight decline in global diesel demand in 2023,…
This year’s average U.S. gasoline prices on Thanksgiving are expected to be at their highest level ever for the holiday and beat the previous record…