OILPRICE

Kazakhstan may have announced a significant update to its oil production compensation plan to OPEC on Thursday in response to its overproduc...

Austria's integrated energy company OMV (OTCPK:OMVJF) has announced a major natural gas discovery in the Norwegian Sea. In a statement relea...

In the wake of U.S. Federal Reserve Chair Jerome Powell's recent comments suggesting the end of the aggressive rate hikes that dominated 202...

Morgan Stanley has revised its oil price forecasts downward, reflecting expectations of increased supply from OPEC and non-OPEC producers am...

WTI crude rose more than 2% as the Fed delivered its Jackson Hole meeting. Stocks, bonds, and gold prices rose during the meeting, as the do...

Norway's state-controlled energy giant Equinor ASA (NYSE:EQNR) has abandoned plans to invest in Vietnam's offshore wind sector, dealing a si...

Energy and climate issues have long been a point of division in American politics, with Democrats generally believing in investing in renewa...

Household electricity bills in the UK will rise by 10% this October after regulator Ofgem raises the energy price cap in response to higher...

A group of 50 organizations including the International Energy Agency and the Climate Bonds Initiative has set up a scheme to fund oil and g...

Californians are facing a bill of $8.5 billion in rooftop solar power subsidies following an overhaul of the state’s subsidy scheme for the...

BP has acquired an interest in a Chinese company that develops sustainable aviation fuel—an alternative to jet fuel seen as a tool for lower...

Crude oil prices were set for yet another loss this week as demand pessimism continue to pressure traders into selling, alleviating supply c...

OPEC is unlikely to reverse any of the production cuts that it approved last year as growing production from non-cartel countries is on the...

Back in June, the global oil market appeared poised for a resurgence, buoyed by a promising uptick in jet fuel demand. The International Air...

Offshore Guyana-Suriname Basin has emerged as one of the hottest, if not the hottest, new oil hotspots in the world today. Back in May,  Glo...

Oil prices have dipped, with Brent crude hovering around $77 per barrel, leading some market analysts to spot potential short-term buying op...

Mongolia's government voted not to to include the Power of Siberia-2 natural gas pipeline that connects Russia to China through its territor...

U.S. shale oil production is poised for a significant boost, with BloombergNEF (BNEF) forecasting a 4.5% increase in output to 13.9 million...

A severe fuel shortage in oil-rich Libya has led to the suspension of the country’s top fuel supply official as tit-for-tat moves between ri...

U.S. Secretary of State Antony Blinken arrived in the Middle East hoping to broker an elusive cease-fire deal aimed at ending Israel’s devas...

Legendary Wall Street firms Citigroup Inc. and Deutsche Bank AG have provided financing to Mexico’s state oil company, Pemex, to help pay ou...

Global offshore wind projects have faced significant headwinds due to recent inflationary pressures and supply chain disruptions, exemplifie...

Russia's Novatek has once again hit a snag with its Arctic LNG 2 project, postponing the start of its third line from 2026 to 2028, accordin...

Brazil's grid operator is capping the amount of electricity wind and solar producers can supply to the national grid, seriously threatening...

Azerbaijan is on pace to meet its natural gas export target this year. But Baku still has a long way to go before the country can meet its a...