OILPRICE

The global automotive industry took a significant hit last year on the back of a Covid-19-related slump in activity. However, a more positiv...

After years of turbulence, Libya’s oil industry is finally starting to bounce back, with the production increase that started in December sh...

Russia’s gas giant Gazprom believes that pipeline natural gas could be compatible with the global climate goals of greenhouse gas reduction...

For roughly two decades since Hugo Chavez won the Venezuelan presidency and commenced his socialist Bolivarian revolution, the country, whic...

Only 36 percent of Russia's recoverable crude oil reserves can turn a profit in the current market, Deputy Energy Minister Pavel Sorokin sai...

The Texas Railroad Commission has gotten a chance to strike back at BP, which last year urged it to reduce flaring in the state. BP appears...

Crude oil prices jumped higher today after the Energy Information Administration reported a crude oil inventory draw of 9.9 million barrels...

Engine No. 1, the new activist investor firm seeking long-term policy changes at Exxon, said on Wednesday it had formally nominated four ind...

As far back as the early 1980s, Brazil’s national oil company Petrobras as well as the government were aware of the vast untapped oil wealth...

Following an unpredictable and shocking 2020, stability and sustainability are set to be the two major themes in the oil and gas industry th...

After a bright start earlier in the month, the oil price rally appears to have once again run out of steam thanks to an old nemesis threaten...

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.272 million barrels for the week ending Janu...

The Eastern Mediterranean in a decade went from an 'empty sea' towards one of the most promising new frontiers of the global oil and gas ind...

Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of...

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for...

The combined debt of North American E&P and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped to $...

U.S. President Joe Biden is expected to sign on Wednesday an executive order directing federal government agencies to determine the extent o...

Investor Alert: Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energ...

Canadian crude oil exports transported by rail soared by 87 percent on the month in November as producers had little else to do given the no...

The geopolitically game-changing Goreh-Jask pipeline project saw a major advance last week with the commencement last week of offshore pipe-...

President Joe Biden has vowed to replace the almost 650,000-strong federal vehicle fleet with electric cars as part of his climate agenda. “...

Oil prices rose early on Tuesday amid signs that the physical supply of crude will tighten over the first quarter and counter concerns about...

Despite outside assistance from Russia, China and Iran, the embattled socialist regime of President Maduro has proven incapable of rebuildin...

France’s Total has acquired the largest renewable energy portfolio among European oil supermajors since Big Oil started announcing last year...

New York City Mayor Bill de Blasio and Comptroller Scott Stringer announced on Monday that two of the cities pension funds will divest compl...