Charles is a writer for Oilprice.com
Chinese state-owned energy companies are negotiating investments in the expansion of Qatar’s North Field and are ready to close long-term supply contracts, Reuters has reported,…
The United States has stepped up heavy crude oil imports, with the May volumes hitting the highest in two years, according to customs data cited…
Fuel prices in Asia are going through the roof as demand for travel bounced back from the pandemic depression. Yet refining rates have not bounced…
With no nuclear deal with Iran in sight, the United States Treasury has slapped additional sanctions on companies based in Iran, China and the UAE…
The OPEC+ group was falling behind its overall crude oil production target by a massive 2.695 million barrels per day (bpd) in May due to…
Following the U.S. Fed’s biggest rate hike since 1994 on Wednesday, which brought oil prices down 1%, central banks across Europe on Thursday raised interest…
A huge fire erupted on Thursday at the biggest natural gas field in Russia, Urengoy in Western Siberia, after a pipe burst. The fire has…
After plunging to a 5-week-low on Tuesday, natural gas prices in the U.S. have ramped up again, gaining 4% on Wednesday on excessive temperatures expected…
Ahead of potential IPO plans for its trading arm, Saudi Aramco is eyeing a merger between Aramco Trading Co and Motiva Trading, Reuters reported Thursday.…
Fourteen Republican-governed states are asking a court to restore the largest oil and gas lease sale in the Gulf of Mexico that the Biden Administration…
Germany is considering various ways of keeping the fourth-largest refinery in the country operating as it looks to eliminate oil import dependence on Russia by…
Billionaire shale tycoon Harold Hamm has offered to take private Continental Resources, the company he founded in the 1960s, in a deal valuing the company…
Japan's Idemitsu will shut down a refinery in 2024 in response to an anticipated decline in gasoline demand, Nikkei has reported. The report noted that…
U.S. Shale production in the seven most prolific shale basins is set to increase 143,000 bpd in July to 8.91 million bpd, according to the…
Global public companies representing 60% of total non-OPEC liquid fuels production spent last year $244 billion on exploration and development, down by 28% compared to…
Bearish sentiments on oil demand coming from renewed COVID lockdowns in China that shaved $4 off oil prices early on Monday failed to maintain traction,…
Germany could lend up to $10.4 billion (10 billion euro) to bail out a former unit of Russia’s Gazprom, which the German government expropriated earlier…
Norway's oil companies managed to strike a deal with oil workers' unions in principle, avoiding, for the time being, the risk of a strike that…
Libyan oil production and exports are set to drop again after two export terminals were blocked on Thursday, and protesters threatened on Friday to close…
Russia and China boosted their “friendly” cooperation on Friday after starting cargo traffic on the first bridge on the Amur river to connect Russia with…