OILPRICE

The world has probably not been in such a pervasively dangerous position since the end of the Second World War, so the question of who leads...

As widely expected, the second-quarter profit of Phillips 66 (NYSE: PSX) came in significantly lower than the year-ago period, but one of th...

Oil giant BP reported a stronger-than-expected net profit for the second quarter and raised its divided despite earlier warnings of lower re...

Abu Dhabi’s national oil company ADNOC has raised the production capacity at one of its offshore oilfields by 25% using AI technology as the...

Russian seaborne crude oil exports have dropped to their lowest level since August 2023, as Russia’s refinery runs are rising and Moscow is...

Oil prices continued to fall on Tuesday morning, ignoring the rising geopolitical risk in the Middle East and the potential of a supply disr...

BP (NYSE: BP) raised its dividend by 10% and extended its buyback program as it booked better-than-expected earnings for the second quarter...

Motiva Enterprises, the owner of the second biggest refinery in the United States – Port Arthur in Texas – expects to restart the gasoline-p...

Petrobras saw its crude oil production increase by 2.6% year-over-year to 2.156 million barrels per day (bpd) in the second quarter, the Bra...

A growing number of Chinese solar manufacturers are going into bankruptcy or restructuring on a deepening product glut that has led to a mas...

Crude oil prices declined further early on Tuesday after more economic reports from China suggested weaker-than-expected economic growth. Br...

Chesapeake Energy booked a net loss of $227 million for the second quarter of the year on persistently low natural gas prices and lower prod...

U.S. commercial crude stocks have been falling at a faster-than-usual pace this summer. Yet, the decline in inventories in the past four wee...

With the U.S. presidential elections just 100 days away and Vice President Kamala Harris recently replacing President Biden as the presumpti...

The U.S. Department of Energy has finalized a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum Reserve (SP...

Over the past decade, the global energy sector has turned its attention to Latin America thanks to the region’s critical role in the ongoing...

In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review provides a comprehensive picture of supply an...

The news agency Reuters has seen something the rest of us haven't: Internal Mexican government estimates of that country's future oil produc...

It isn't just in Europe and the U.S. where the EV industry is seeing jolting effects of Chinese EVs entering their respective markets. It lo...

U.S. benchmark crude oil, West Texas Intermediate (WTI) shed over 2% on Monday, shortly after Goldman Sachs said US crude would account for...

The Spanish government has authorized the construction of nearly 300 clean energy projects with a capacity of more than 28 gigawatts, repres...

India expects to boost its refining capacity by around one-fifth to have 6.19 million barrels per day (bpd) of crude processing capacity by...

Things have taken a bad turn for the Middle East. Asia, by far the largest demand hub for Saudi Arabia, Iraq or the United Arab Emirates, se...

Asia is on track to import this month the highest level of LNG since January as demand grows despite rising spot LNG prices in the region. A...

Ukraine launched a wave of drone strikes deep inside Russian territory early on July 29, damaging energy facilities in two regions, Russia's...