Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
A fire erupted at an oil pipeline in the southwest of Iran this weekend in an incident authorities are still investigating amid continued anti-government protests…
The United States and its Western allies have agreed that a cargo of Russian oil will only be subject to the price cap mechanism at…
Oil prices have been buoyed by a weaker dollar and rumors that China may be easing some of its Covid regulations, although the Fed's increasingly…
Austria’s government is looking to ban the use of new fossil fuel heaters as of next year and replace very old oil and coal heaters…
Russian shelling damaged on Wednesday the last two operational power lines at the Zaporizhzhya nuclear power plant in Ukraine, Europe’s largest, which is now running…
In December, Iran expects to sign an energy agreement with Russian gas giant Gazprom worth around $40 billion, a senior Iranian diplomat was quoted as…
While oil prices were up on Tuesday morning, having just posted the first monthly gain since May, worrying industrial data out of China is holding…
Tesla was in talks with Glencore earlier this year about potentially buying a stake in the mining giant, sources with knowledge of the matter told…
UK energy firm Centrica reopened its Rough natural gas storage site on Friday — which was closed five years ago — to boost storage capacity…
In what is turning out to be a very impressive earnings season, nearly all the oil majors are beating expectations and rewarding shareholders with higher…
TotalEnergies (NYSE: TTE) posted a record profit for the third quarter, driven by high energy prices and soaring prices of LNG as Europe scrambles to…
A wind farm is being dismantled in western Germany to make way for an expansion of an open-pit lignite coal mine in a “paradoxical” situation…
The United States and Saudi Arabia will overcome the recent rift in relations created by the OPEC+ group’s decision to reduce its oil production target…
China reported economic growth of 3.9 percent for the third quarter of the year, which was higher than analysts expected and might inject some fresh…
The day rate for chartering a very large crude carrier (VLCC) topped $100,000 this week, with average time charter rates now at their highest in…
Oil prices were flat on Friday morning as fears of an economic slowdown were countered by a decline in OPEC+ production and news that China…
Record power generation from solar and wind helped the European Union save $10.75 billion (11 billion euros) on natural gas imports since the Russian invasion…
The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact,…
Multiple OPEC+ producers defended the group’s decision to reduce production in November in a wave of statements on Sunday and Monday, in what looked like…
It's been a week of mixed signals for oil markets, with a huge crude inventory build being partially offset by a diesel draw, and supply…