Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
Chevron (NYSE: CVX) reported on Friday its highest annual profit ever as its adjusted earnings for last year more than doubled from 2021 to hit…
Small volumes of natural gas started to flow via pipeline to the Freeport LNG export terminal in Texas, which has been shut down since June…
Equinor has hired Standard Chartered to assist in a sale of the Norwegian energy major’s stake in an offshore oilfield in Nigeria, industry sources told…
The Joint Ministerial Monitoring Committee of the OPEC+ group is expected to recommend keeping the current levels of oil production when it meets next week,…
Oil bulls appear to have gained the upper hand this week as China's recovery continues and both the IEA and OPEC raised their global demand…
China expects to add 70 gigawatts (GW) of coal-fired power generation this year, up from 40 GW of capacity from coal installed in 2022, a…
Every other car sold in 2030 in the three largest EV markets – China, Europe, and the United States – will be an electric vehicle,…
The energy crisis in Europe isn’t over yet, as only the mild weather has helped the continent avoid gas shortages so far this winter, Ignacio…
Oil prices have been buoyed this week by promising inflation data in the U.S., although the uncertainty surrounding China's oil demand will keep oil markets…
The governor of the Public Investment Fund, Saudi Arabia’s $620-billion sovereign wealth fund, will not testify in defense of Elon Musk in an upcoming trial…
Sweden’s refusal to share information about the sabotage of the Nord Stream pipelines is “puzzling,” and withholding the results of the investigation means that “Swedish…
Petrobras will cut the price of natural gas for its customers by 11.1% from February 1 compared to the November-January period due to lower international…
Russia has ramped up oil production from the Sakhalin-1 project and expects the field to soon pump at the full level of 220,000 barrels per…
Oil prices experienced the worst start to the year in over three decades this week, falling by more than 9% over the first two days…
Bullish sentiment is creeping back into oil markets as China continues to open up after Covid, Russia hints at a production cut next year, and…
A larger-than-expected inventory draw and a major winter storm in the U.S. this week pushed oil prices higher, although fears of further monetary tightening have…
Oil markets have been relatively quiet this week, with muted trading in both Europe and the Americas ahead of Christmas. - For the first time since…
Russia is training Belarussian pilots to fly combat jets with “special warhead” capabilities, Belarusian state-controlled media announced during Russian President Vladimir Putin’s visit to the…
Russia is still considering its response to the $60 price cap on its crude oil, but it is close to completing the work on the…
Oil prices have been pushed lower by interest rate hikes from both the Bank of England and the ECB, but there are still plenty of…