OILPRICE

Gunvor Group, one of the world’s biggest independent oil traders, traded a record volume of crude oil and petroleum products in the first ha...

Brent Crude oil prices are set to drop into the $60s per barrel range soon, according to one of the largest independent oil traders, Trafigu...

China’s gradual shift toward electric vehicles will bring about domestic gasoline demand peaking either this year or next, according to the...

Indonesia, the largest economy in Southeast Asia, is still awaiting a large part of the $20 billion funding it was promised by the richest n...

Just two weeks after lowering its Brent oil price estimate to $80 per barrel for the fourth quarter, Morgan Stanley cut again its forecast,...

The OPEC+ group will begin adding supply to the market in 2025, for the first time since 2022, Jim Burkhard, vice president of research at S...

Iraq has rejected allegations made by U.S. Congressmen that it was helping Iran evade U.S. sanctions by channeling some of its oil revenues...

China’s natural gas in storage is nearing capacity, which could spell a decline in imports of liquefied natural gas, Bloomberg has reported,...

Crude oil prices began the week with gains as traders took a break after the latest selloff and as a weather system in the Gulf of Mexico co...

San Bernardino, a Southern California city, has unveiled the first-ever hydrogen-powered passenger train in the United States, an important...

Saudi Arabia has long prided itself on being the lowest-cost oil producer in the world—and has taken maximum advantage of this fact. Now, wi...

Oil trading giants and the national oil companies of some of the Middle East's biggest oil producers are in the race to buy Shell's South Af...

Now that the U.S.-led punitive expedition to Afghanistan has ended, regional trade patterns are returning to normal, as in pre-Soviet Union...

Authored by Jonathan Lesser via RealClearEnergy, Like the Jeopardy! game show, green energy subsidies have been Congress’ answer to every en...

In addition to the most popular renewable energy sources – solar and wind power - several countries are investing in the development of thei...

Refining margins across Asia fell this week to their lowest level for this time of year since 2020, which could lead to more curbs in run ra...

The future of nuclear energy in Armenia is fast emerging as another flashpoint of acrimony between Armenian and Russian leaders. The country...

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes...

Saudi Arabia’s state-run oil company has cut its October pricing for its Arab Light crude oil for Asian buyers, according to a fresh price l...

Green hydrogen was the buzzword on everyone’s lips a couple of years ago, but the initial hype seems to have faded away as the industry take...

The European Union will receive natural gas supplies that may have Russian gas mixed in, Czech energy minister Jozef Sikela told Bloomberg....

Japan’s Toyota Motor Corporation has drastically cut its electric vehicle production target by 30% compared to previous plans, on the back o...

Norway’s latest license round for new acreage in the best-explored areas on the shelf has attracted bids from 21 oil and gas companies, the...

Bearish sentiment has well and truly taken over oil markets, with oil prices barely reacting to the OPEC+ decision to postpone its plan to b...

Texas regulators have denied state funding to a proposed 1.3-gigawatt natural gas-fired power plant, due to the applicant failing to meet du...