Charles is a writer for Oilprice.com
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…
Crude oil processing rates at Chinese refineries inched up last month, by 0.8 percent, as demand for fuels increased globally. Total output during the month…
Billionaire Jeff Bezos–the fourth-wealthiest person in the world–has told CNN he plans to give away the bulk of his $124 billion net worth to fight…
South Africa’s recent focus on coal-powered generation has led to a collapse of the country’s renewable energy manufacturers and power providers, and the current energy…
The results of the midterm elections in the United States surprised many in the financial world who had been preparing for a split government. Now,…
An explosion being investigated as a “terrorist attack” rocked Istanbul on Sunday, killing six and injuring over 80 others just as Turkey was gaining attention…