OILPRICE

2020 ushered in the start of the EV boom, but it could have a frightening aftershock. We’re already seeing some of the incredible triple-dig...

The cold spell attacking Texas this week may be boosting oil prices, but it’s also causing oil refineries to shutter and pipeline operators...

The Covid-19 pandemic has ravaged energy markets and decimated demand. Of the three fossil fuels, coal, natural gas, and oil, demand for the...

The Bureau of Ocean Energy Management (BOEM) has rescinded the Record of Decision for the oil and gas lease Gulf of Mexico planned for March...

The Electric Reliability Council of Texas (ERCOT) called early on Monday for rotating outages across the state as extreme winter weather for...

When the International Maritime Organisation announced plans to significantly reduce the amount of sulfur ships were allowed to emit, the in...

A brutal polar vortex has paralyzed much of Texas. Three million people are left without power as an extreme cold snap sends power demand to...

The global oil market is balanced and the current price of oil fully reflects this market situation, Russian Deputy Prime Minister Alexander...

Caution has given way to the overly optimistic sentiment of late 2020, with most energy agencies cutting their estimates of 2021 crude deman...

Portfolio managers further increased their long positions in the most traded petroleum contracts, with bullish bets focused almost entirely...

Researchers at the US Department of Energy’s Princeton Plasma Physics Laboratory have created a plan using liquid lithium to control the ext...

The world’s third-largest crude oil importer, India, has been sourcing more and more oil in spot deals with exporters outside of the M...

Shell has shut down the crude distillation units of its Deer Park refinery due to a malfunction, Reuters has reported, citing unnamed source...

The U.S. benchmark oil price rallied above $60 per barrel early on Monday, the highest price since January last year, as an Arctic winter bl...

Several hundred fuel tanker trucks exploded at the Iranian-Afghan border this Saturday, injuring dozens of people and killing seven, The Nat...

U.S. natural gas prices hit record highs last week after the temperature in many parts of the country fell far below forecasts. In Oklahoma,...

With the clean energy shift beginning to gain serious momentum, the prime candidates for a sustainable future have been solar, wind, and to...

The U-turn of the U.S. Administration’s energy policies under President Joe Biden sets the stage for a flourishing U.S. offshore wind indust...

In order to avoid the worst effects of global warming, the world will have to make drastic changes this decade. In a damning report released...

As Trinidad and Tobago continue to explore for major oil and gas fields in the Caribbean region, the Bahamas Petroleum Co. has made a non-co...

The saying has it that in every crisis there is opportunity, and the oil industry is no exception, with efficiencies and targeted investment...

This winter saw something that made exporters of liquefied natural gas very happy: a more than a 1,000-percent surge in LNG prices on the sp...

“Unfortunately, our economic bedrock of oil and gas is under attack by an administration that is bent on eliminating millions of jobs,” Repu...

The pandemic has accelerated refinery closures globally as refiners and oil majors acknowledge that some sites have become permanently uneco...

Thanks to zero-carbon promises, wind farms are expected to overtake the number of oil rigs in British waters by 2030.  Oil majors are divers...