Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
Russia was shipping more than 3 million barrels per day (bpd) of crude oil to Asia in the week to December 9, the week in…
Oil prices have been reluctant to climb higher this week despite multiple bullish catalysts. It seems that traders are increasingly unwilling to risk their profits…
Oil prices are set to post a significant gain this week as China appears to be easing its Covid restrictions, This increase in oil prices…
The average gasoline price in the United States dropped this week to a level last seen in early February, before the Russian invasion of Ukraine…
OPEC could make another production cut on Sunday to further support prices, and if they do not, they will likely “insinuate” that cuts are coming…
Joint venture partners APA Corporation and TotalEnergies have declared the Awari exploration well offshore Suriname “noncommercial” in a rare disappointment for investors in a block…
Oil prices rebounded on Tuesday morning as speculation of another OPEC+ cut combined with hopes that China would respond to protests by easing its Covid…
Italy would need another four LNG import facilities if it wants to have energy security and enough supply of natural gas, Claudio Descalzi, chief executive…
The Governor of Tokyo, Yuriko Koike, has advised citizens to wear turtlenecks and scarves to keep warm during this winter, saying they “will make you…
Colombia could reconsider a campaign pledge from its newly-elected leftist President Gustavo Petro to stop new oil and gas exploration licensing in the country, according…
China’s diesel exports nearly doubled in October from a year earlier, although they were lower than in September, Chinese customs data showed on Friday. Last…
Some large Indian refiners, both private and state-owned, haven’t placed orders to buy Russian oil loading after December 5, the day on which the EU…
An oil tanker carrying gas oil was hit by a projectile in the Gulf of Oman, the shipping company operating the vessel said on Wednesday.…
Amid celebration after retaking Kherson from retreating Russian troops over the weekend, Ukrainian President Volodymyr Zelensky said that the Kremlin intentionally destroyed critical infrastructure before…
The U.S. Customs and Border Protection has seized more than 1,000 shipments of China-made solar power equipment over a new U.S. law targeting forced labor…
The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman, said at…
The EU has agreed in principle to enact stronger emission reduction targets as the 27 member states look to slash carbon emissions in road and…
Russia’s oil production could drop to as low as 9 million barrels per day (bpd) in December when the EU embargo on imports of Russian…
Chinese refiners are widely expected to ramp up crude throughput and exports in November to capture high diesel margins and external demand, with total fuel…
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…