Norway’s $1.4 trillion wealth fund…
Oil prices moved higher early…
Having won reelection, Erdogan may…
Crude oil prices could add some $6 per barrel following the announcement of a 1-million-bpd production cut by Saudi Arabia. That’s according to Goldman Sachs, which sees the effect of…
Russia’s seaborne diesel and gasoil exports fell 21% in May from April levels, to 3.1 million tonnes as refinery maintenance and a surge in domestic demand cut into volumes available…
Developers of new renewable energy projects could be empowered to build their own connections to the grid, as part of a series of reforms unveiled today by National Grid’s electricity…
ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country,…
Canada’s federal government has guaranteed loans of $2.23 billion (C$3 billion) to the corporation building the Trans Mountain expansion project to triple the capacity of oil flows from Alberta to…
The U.S. Administration has banned new oil and gas leasing near the Chaco Culture National Historic Park in New Mexico as part of a plan to protect the area…
China Energy Investment Corporation, a state-owned electricity generator, has started up a carbon capture project at one of its thermal coal power plants which will be the biggest such carbon…
Suncor, the Canadian oil sands major, will cut 1,500 jobs this year as it seeks to turn its financial fortunes. A spokesperson for the company said the cuts will affect…
Saudi Arabia is planning a second lithium processing plant as it seeks to capture a piece of the energy transition pie. The plant will be a joint venture between Saudi…
South Africa’s chronic 10-hours-per-day blackouts could finally have a solution that won’t sit well with energy transitioners—burning heavy fuel oil. South Africa’s Electricity Minister, Kgosientsho Ramokgopa, has announced that the…
The next revision of Europe’s Russian sanctions could be coming as soon as next week, although the measures won’t be as strong as originally intended, people familiar with the negotiations…
Tesla's relationship with China continues to look cozy heading into the second half of 2023, with Shanghai party chief Chen Jining reportedly encouraging Elon Musk to expand his business in China.…
The board of directors of Petrobras has approved new guidelines in the strategic plan through 2028 to allocate more capital expenditures to low-carbon projects, the Brazilian state-owned oil firm
QatarEnergy has signed an agreement to supply liquefied natural gas (LNG) to Bangladesh's state firm PetroBangla for 15 years beginning in 2026, Saad al-Kaabi, chief executive at the Qatari state…
Brazilian state-held oil firm Petrobras is considering growing its oil reserves and production with projects abroad after a major drilling project at home was denied due to environmental concerns, Reuters…
The OPEC+ group is not expected to announce another round of oil production cuts when ministers meet this weekend, OPEC+ sources told Reuters on Thursday. OPEC and its allies…
Overwhelming majorities of shareholders of ExxonMobil and Chevron rebuffed all climate-related proposals and resolutions at the annual general meetings of the two U.S. supermajors on Wednesday. The shareholder support for…
The current head of Drummond in Colombia and his predecessor will be tried on charges of financing a paramilitary group, Reuters has reported, citing the office of Colombia’s attorney…
Crude oil inventories in the United rose this week by 5.202 million barrels, the American Petroleum Institute (API) data showed on Wednesday, with analysts expecting a 1.22 million barrel dip.…
The U.S. Bureau of Ocean Energy Management (BOEM) has given the Gulf of Mexico the environmental green light for offshore wind energy development on the outer continental shelf’s…