Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
Bernard Looney, the chief executive of BP, has recently discussed plans with people close to the supermajor to potentially scale back the company’s push into…
Libya’s Oil Ministry has rejected the huge $8-billion deal that the Italian energy giant signed with the Libyan National Oil Corporation (NOC) this weekend, saying…
Oil majors are rounding up the 2022 financial year with outstanding profit numbers, a development that faces strong backlash from the Biden Administration. Chart of…
ExxonMobil (NYSE: XOM) reported on Tuesday $55.7 billion in earnings for 2022 in a record-breaking earnings tally for any Western oil supermajor ever. Exxon said…
Venezuela’s state-owned oil firm PDVSA has tightened the prepayment rules for its oil after a review of contracts, demanding now cargoes be paid in cash…
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…