Citigroup Says 42% of Clients Have No Energy Transition Plan
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
The U.S. Department of Energy (DoE) believes that more natural gas-powered capacity will be in the best interest of recovering Puerto Rico’s power grid, Bruce…
Norway’s Equinor is pushing back the start-up of a major heavy oil field offshore the UK to the second half of this year in order…
OPEC’s crude oil production dropped by more than 500,000 bpd month on month in March, to the lowest since February 2015, as Saudi Arabia followed…
The National Assembly of Venezuela—dominated by the opposition—has authorized the parallel opposition-elected board of state oil firm PDVSA to negotiate the company’s foreign debts, including…
ExxonMobil, France’s Total, and Australia’s Oil Search have signed a gas agreement with Papua New Guinea, outlining the fiscal terms for a new liquefied natural…
The Mexican government may consider creating a small network of gas stations that would sell gasoline at lower, “fair prices”, if gas station operators in…
India is not booking Iranian crude oil due to load in May, as refiners in one of Iran’s key oil customers are waiting for more…
Oil supermajor Shell has signed an agreement with China’s Sinopec to jointly study the potential development of shale oil in eastern China—one of the few…
Despite concern from some investors that Saudi Aramco is basically the Kingdom of Saudi Arabia, the oil giant’s debut U.S.-dollar bond has attracted orders for…
It’s not just OPEC production cuts, Venezuelan chaos, and sanctions that are pushing up oil prices this year--U.S. shale production is slowing, too. And the…
The United States is looking to create a strategy for developing critical minerals such as lithium in a bid to bolster domestic supply for electric…
Saudi Arabia could begin natural gas exports in five-six years as it has already begun talks with neighboring Gulf Arab states to build natural gas…
In a major policy shift during the weekend, Norway’s Labor Party—a long-time ally of the oil industry and the biggest party that is currently in…
Oil products output at Europe’s largest oil refinery—Shell’s 404,000-bpd Pernis refinery in the Netherlands—will be reduced after workers started a strike on Monday, demanding higher…
Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting their best quarterly performance in a decade—since…
Weeks after Norway’s government proposed that the country’s US$1-trillion fund divest from pure exploration and production oil companies, the cabinet said on Friday that it…
Over-delivering Saudi Arabia and blackouts in Venezuela helped push OPEC’s crude oil production down by 570,000 bpd from February to 30.23 million bpd in March—the…
Shell and Japan’s Tokyo Gas Co Ltd have signed a long-term liquefied natural gas (LNG) deal, whose price will include a link to coal prices,…
Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu has said that he isn’t aware of any plans of U.S. oil and gas supermajor ExxonMobil to exit upstream…
Brent Crude prices are expected to average $62.50 a barrel next year, down from $65 this year as slowing global economic growth could impact oil…