OILPRICE

Numbers Report – June 27, 2025In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put o...

Crude oil markets endured a sharp four-day selloff from June 22-26, driven by collapsing geopolitical risk premiums and mounting global supp...

Santos has granted exclusive due diligence access for six weeks to the consortium led by Abu Dhabi’s ADNOC that has made an $18.7 billion no...

Shell and its partners have started up two subsea compressors to boost the recovery rate at the Ormen Lange natural gas field in the Norwegi...

China hiked its imports of crude oil from Iran in June, as Iran accelerated loadings in May and independent Chinese refiners bought more dis...

Centrica, the owner of British Gas, is prepared to take a 15% stake in the UK’s Sizewell C nuclear power plant project, the final investment...

The risk of crude oil supply disruption in the Middle East has dropped to just 4%, according to options traders, Goldman Sachs said in a new...

Crude oil deliveries to the strategic petroleum reserve will be delayed by seven months due to maintenance, the Department of Energy has sai...

Crude oil prices were set to end the week lower than they started it as Israel and Iran stopped bombing each other, alleviating fears of a s...

Previously, we reported that the United States is witnessing a power storage boom, with a 15-fold increase in utility-scale battery storage...

The ongoing transition from baseload power generation to weather-dependent sources of electricity has proven quite challenging due to this d...

A new oil and gas project in the North Sea has been greenlit by Norwegian oil major Equinor and its Fram partners, which plan to invest NOK...

The recent commissioning of Brazil’s largest gas-fired thermal plant is set to raise the country’s annual gas consumption for power generati...

In a move with significant implications for transcontinental energy trade, the UK government has formally withdrawn support for the $34.4-bi...

Apple’s position in the rapidly evolving artificial intelligence landscape is increasingly precarious. While rivals such as Google, Microsof...

Spot rates for very large crude carriers (VLCCs) sailing from the Persian Gulf to Asia have fallen sharply in recent days, as military tensi...

For the past few years, Central Asian states focused on settling border disputes and forging stronger trade connections among themselves. No...

Iran confirmed on Wednesday that no radioactive material leaked following coordinated U.S.-Israeli airstrikes on two of its major uranium en...

Via Metal Miner British Steel has secured a 5-year agreement to supply rail to Network Rail, the infrastructure manager of the UK’s rail net...

Demand for critical electrical equipment supply is soaring as U.S. utilities plan billions of dollars of investments in transmission and dis...

Russia has seized a village near Shevchenkove in eastern Ukraine, just kilometers from a major untapped lithium deposit, according to a pro-...

It was a sunny, unremarkable Monday in April. Demand was low, just 25 GW, well below winter peaks, and wholesale power prices hovered around...

Sudan and South Sudan have not reached an agreement during discussions on revised oil export fees which South Sudan pays to Sudan to export...

On Monday June 23, 2025, Iran launched a missile strike on the U.S. Al-Udeid Air Base in Qatar—a retaliatory move following U.S. airstrikes...

A sanctioned LNG tanker appears to be headed for the sanctioned Arctic LNG 2 project in Russia, vessel-tracking data on Bloomberg showed on...