OILPRICE

An oil tanker has suffered an explosion off Libya’s coast, without causing any injuries or pollution, the vessel operator said on Monday, ad...

Rising demand for natural gas in the United States and a supportive administration are prompting U.S. natural gas producers and pipeline gia...

Hedge funds last week sold off stocks of energy companies at the quickest pace in 10 months as oil prices slumped following the announcement...

Poland’s refiner Orlen is ending ties with Russian oil as a long-term contract with Rosneft expires on June 30, in a move to boost energy se...

Equinor has made an oil discovery near Johan Castberg, which could boost reserves at the giant field in the Arctic Barents Sea.   Equinor, w...

The east coast of Australia is facing natural gas shortages earlier than previously expected, the country’s competition watchdog has warned,...

Crude oil prices began trading with a loss this week as traders anticipated another OPEC+ supply boost next month at a rate of 411,000 barre...

U.S. power utilities are set to spend $212.1 billion in capex this year, which would be a 22.3% increase on the year as they race to secure...

Global research and consultancy group Wood Mackenzie has predicted that the global Carbon Capture, Utilisation and Storage (CCUS) market wil...

Despite the Western push to diversify critical minerals supply away from China, Beijing is set to further tighten its grip on the market of...

OPEC+ will make its August oil production decision on the fly during the upcoming July 6 meeting, Russia confirmed on Friday, suggesting the...

Early in Donald Trump’s presidency, he announced his ambitions to acquire Greenland. In March, Trump said, “We need Greenland for internatio...

The European Union has pledged billions in rearmament spending. It also just pledged billions in higher NATO spending. Steel is a crucial pa...

Just a couple of years ago, everyone seemed to be talking about the great potential for clean hydrogen. As governments worldwide strive to d...

Despite expectations, the recent geopolitical turbulence in the Middle East—especially the events of October 7, 2023, and the escalation bet...

Tesla is moving forward with plans to develop new operations in China despite the ongoing trade war between the United States and China, and...

The dust has settled over Fordow, Iran's remote mountain nuclear facility, and two other locations the United States says it “obliterated” o...

For the third consecutive day, extreme heat across the eastern half of the U.S. has triggered power grid alerts and emergency warnings, high...

UK car production plunged to its lowest level since 1949 last month, as Aston Martin and other British carmakers halted exports to the Unite...

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

Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8 billion) for the fiscal year 2024-2025 that ended in March, a...

Oil flows on the Transneft pipeline network, which handles 80% of all the oil Russia produces, fell last year and continue to slide in 2025,...

Car Online, an Iran-based campaign on social media channels, has started to call on its subscribers and followers to incite Yemenis to targe...

Following the collapse of geopolitical risk premium in oil prices, oil is back to trading on supply, demand, and OPEC+ expectations. The Isr...

BYD stock and its U.S. listed ADRs slumped about 3% on Wednesday this week, after it was reported the vehicle manufacturer was cutting produ...