OILPRICE

The world is rapidly ramping up its renewable energy capacity in line with ambitious climate pledges. While this is great for the planet, th...

Crude imports in the world’s most important oil-buying region, Asia, slumped to a two-year low in July amid weak demand in the largest regio...

New reports show that renewable energy demand is expected to soar in the coming years as several countries around the globe undergo a green...

Demand for critical minerals such as copper, cobalt, lithium and nickel is soaring. These raw materials are used in a range of new technolog...

The discovery of “dark oxygen”, oxygen produced deep under the surface of the sea, is shining a light on the potential risks of deep-sea min...

Global energy consumption has significant regional variations due to differences in industrialization levels, climate conditions, population...

Aston Martin has raised £135m through a debt placing as it looks to shore up the balance sheet ahead of a production ramp-up later this year...

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

OPEC maintained steady oil production in July, averaging 26.99 million barrels per day—a slight decrease of 60,000 bpd from June levels, acc...

Canadian producer Imperial Oil saw its net profit soar by 68% in the second quarter from year-ago levels as the highest second-quarter produ...

After more than a century of operations in California, energy giant Chevron announced that it will move its San Ramon headquarters to Housto...

ExxonMobil is delaying the start-up of its joint venture Golden Pass LNG export project in Texas to late 2025 from the first half of next ye...

Oil prices were dropping on Friday morning as traders returned to focus on demand concerns in the light of no immediate escalation in the Mi...

ExxonMobil (NYSE: XOM) beat Wall Street estimates with the second-highest earnings for the second quarter in a decade as the acquisition of...

The crude oil market experienced significant volatility this week, with prices spiking due to a combination of geopolitical tensions and sup...

Russia’s oil industry has slowed drilling activity this year from the record highs seen in 2023, as Moscow is limiting production as part of...

Chevron Corporation (NYSE: CVX) booked second-quarter earnings below analyst expectations, weighed down by lower refining margins and weak n...

Vitol has agreed to buy Asian energy products and industrial raw materials trader Noble Resources Trading Limited for $209 million, the worl...

The property sector crisis and the rise of LNG use in trucking have weighed on China’s diesel demand this year, dampening the prospects of o...

BP will team up with the government of Iraq to rehabilitate and develop four oil and gas fields in the northern region of Kirkuk. The two si...

A judicial panel has grouped together more than a dozen lawsuits alleging that U.S. oil companies were involved in a conspiracy to limit sha...

Despite a surge in oil prices this week on expectations of a major escalation in the Middle East, the benchmarks were set for their fourth w...

On Monday, three earthquakes struck west Texas in a sparsely populated area, the latest among dozens to hit the state in less than two weeks...

The lowest U.S. natural gas prices in decades have incentivized a record-high gas consumption for power generation amid growing electricity...

Nuclear power is a controversial topic as it is seen by some as a key solution to achieving a carbon-neutral future, while others view it as...