OILPRICE

The world’s biggest international oil companies have enjoyed handsome profits in the past two years as oil prices rose amid supply concerns....

Crude oil futures surged as much as 5% in Thursday’s intraday session after President Biden said his administration would support Israel str...

According to commodity analysts at Standard Chartered, oil markets are going through a period of major dislocations wherein oil price moveme...

After facing huge hurdles in oil and gas production, Libya is now striving to develop its renewable energy capacity and diversify its energy...

Nigeria is moving forward with a new policy framework aimed at jumpstarting its natural gas sector, hoping to draw in up to $10 billion in i...

Environmental degradation is hindering socio-economic development across the South Caucasus, according to published research conducted by re...

The United States expects Russia, Iran, and China to continue their attempts to influence the November 5 elections by using artificial intel...

Following the news of the Three Mile Island restart plans, it looks like our assertion that 'nuclear is back' is correct. That's because thi...

A Reuters survey on Thursday shows September oil production from OPEC dropping to its lowest point this year, at 26.14 million barrels per d...

The oil-producing nations in Africa have raised 45% of the initial $5-billion seed capital for the planned Africa Energy Bank (AEB), which i...

Benchmark crude oil prices surged well over 4% on Thursday on fears of an Israeli strike that could target Iran’s oil and gas infrastructure...

For months, oil traders shrugged off any threat of a supply shock in the Middle East, betting on softening demand from China and the West, a...

Canada’s pipeline giant Enbridge Inc has decided it would build and operate oil and gas pipelines in the U.S. Gulf of Mexico which will serv...

Libya’s oil production is resuming on Thursday, the country’s Oil Minister Khalifa Abdul Sadiq told Bloomberg in an interview today, after m...

Russia’s budget proceeds from oil and gas sales declined by 0.9% in September from the previous month, according to official Russian g...

The escalating conflict in the Middle East, if it goes out of hand, risks dealing a severe blow to monetary policy as it would lead to a sur...

Amid a normalization of natural gas prices, global gas demand is picking up this year at a stronger pace than in the past two years and is s...

As the largest carbon emitter globally, China needs to aim for at least a 30% CO2 emissions reduction by 2035 in its new climate targets if...

India’s coal production from captive and commercial mines surged by 32% over the first half of this financial year, the country’s coal minis...

Australia’s Origin Energy will exit a hydrogen project, citing uncertainty about the outlook for the hydrogen market, the company said today...

Crude oil prices were on the climb again today, fueled by expectations of Israel’s retaliation against Iran after the latter showered it wit...

Saltwater production is a necessary by-product of oil production. Only in rare cases do you get 100% oil flow from a well, and even then, a...

The two biggest oil and gas projects approved for development in the UK’s North Sea over the past two years could be delayed or never comple...

Crude oil prices rose on continued geopolitical tensions following Iran’s 200-missile barrage on Israel. Since the late Tuesday attack, Isra...

According to the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration, year-to-date daily average oil produ...