OILPRICE

Only two days ago analysts were predicting oil over $100 a barrel, but by Wednesday midday, crude prices were nose-diving by close to 3% as...

Global oil demand jumped by 1.2 million barrels per day (bpd) in February from January, hitting a five-year seasonal high, with seasonal-hig...

The net-zero carbon hydrogen industry is moving forward from pilot-scale projects of 10-20 MW of electrolysis capacity to large-scale projec...

Unnamed Reuters sources said on Wednesday that the European Commission is preparing to sue Germany over its fees for purchasing gas from Ger...

Crude oil prices moved lower today after the Energy Information Administration reported an inventory increase of 2.7 million barrels for the...

The world’s crude oil production fell by 1.2 million barrels per day (bpd) in February compared to the same month last year as steep output...

Following a rally in energy stocks this year, hedge funds have been selling off U.S. oil company shares to pile into crude oil options, expe...

Kazakhstan is seeking more than $150 billion in compensation from the oil majors developing its huge Kashagan oilfield, after adding a $138...

Japan’s refiners are prepared to tap reserves in case of a major escalation of the conflict in the Middle East and a possible disruption to...

Exports of the CPC blend from the Black Sea via the network of the Caspian Pipeline Consortium (CPC) are expected to drop by 12% in May comp...

Spot LNG prices in Asia jumped to the highest level since the beginning of January amid concerns that the conflict in the Middle East could...

The U.S. federal government will create a special task force to deal with global carbon emissions from trade and manufacturing activities. T...

The European Union and the United States are considering additional sanctions against Iran, with Reuters noting the move sought to discourag...

Despite Iran’s attack on Israel over the weekend, oil prices dropped on Monday as an Iranian response to the Israeli hit on the Iranian dipl...

It’s nearly two years since the United States Congress passed the historic Inflation Reduction Act (IRA), with the country’s solar sector ex...

In recent months, several oil majors have emphasised the need for greater investment in oil and gas. Many fossil fuel companies have increas...

Crude oil inventories in the United States rose this week by 4.09 million barrels for the week ending April 12, according to The American Pe...

The world is finally realizing, after trying to rid itself of nuclear power following the 2011 Fukushima nuclear disaster, that the power of...

Oil traders were making big bets amid geopolitical uncertainties, Bloomberg data shows, as 3 million barrels worth of options contracts snap...

Tohoku University researchers have made a groundbreaking advancement in battery technology, developing a novel cathode material for recharge...

Sales of hybrid vehicles in Australia are outpacing that of electric vehicles, a new report released Tuesday night showed. Hybrids outsold E...

Via Metal Miner   Tata Steel workers associated with the Unite Trade Union at Port Talbot recently voted to strike over plans to replace the...

Earlier this month, the Science Based Targets initiative caused a revolt among its employees when it announced it would allow the use of car...

China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’...

China is raising from Wednesday the retail prices of gasoline and diesel to reflect the recent increase in international crude oil prices, t...