OILPRICE

When earlier this month Saudi Arabia served “a wonderful surprise” to oil markets in the words of its energy minister, oil prices jumped up....

Shell is buying ubitricity, the European provider of on-street charging for electric vehicles (EVs) that has the largest public EV charging...

The average U.S. investor has been giving the energy sector a wide berth over the past half a decade due to perennial underperformance. Inde...

In many ways, the roller-coaster-like trajectory of Vicki Hollub’s shale CEO career is emblematic of the boom-and-bust, spectacularly dramat...

The U.S. national average gasoline prices are expected to rise to average $2.42 per gallon in 2021, from the lowest since 2016 of $2.17/gal...

When you think of giant oil fields you probably conjure up an image of vast areas of land or sea suitable for digging. However, Los Angeles...

The number of drilled but uncompleted wells (DUCs) that accumulated at the height of the pandemic has already subsided to pre-Covid-19 level...

Saudi Arabia is working to replace the use of petroleum liquids for power generation with solar energy and gas-fired capacity, Argaam report...

Soaring natural gas prices in European markets could be seen as a boon for Russian giant Gazprom to increase its gas exports towards the Old...

The Trans Mountain expansion project has just become the most important oil pipeline project in Canada after U.S. President Joe Biden stoppe...

The Petroleum Facilities Guard has shut down the Hariga oil port in eastern Libya after the National Oil Corporation delayed the payment of...

Barclays expects the U.S. oil benchmark, WTI Crude, to average $52 per barrel in 2021, raising its outlook by $2 a barrel due to a weaker U....

President Joe Biden’s decision to impose a 60-day moratorium on oil and gas permitting on federal lands has government officials in New Mexi...

As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its o...

Iraq will pump less oil this month and next to make up for excess production last year, the deputy chief of SOMO, the oil marketing company...

The green energy revolution is well and truly underway. Renewables have proven to be highly resilient, emerging as the only energy sector to...

Oil stocks tumbled following yesterday's one-two punch of Biden energy news, when first we learned that the Interior Department enacted a 60...

Hydrogen as a fuel of the future is the talk of the town in energy markets. Pros and cons of green versus blue hydrogen, capacity building p...

Egypt’s 2015 discovery of the supergiant Zohr gas field was supposed to propel the North African country into the Eastern Mediterranean lime...

In Moscow last week, President Vladimir Putin hosted the prime minister of Armenia and the president of Azerbaijan. It was the first meeting...

January 2021 is still far from over yet the pages of Oilprice already boast 6 articles about Guyana being the hottest drilling spot in the w...

Global renewable capacity additions defied COVID-19 to set new records in 2020, while global renewable energy output in the electricity sect...

As the climate is changing, the Arctic is warming four times faster than global averages, causing the circumpolar Jetstream to weaken and mo...

The country with the largest proven oil reserves in the world, clocking in at a whopping 299,953,000,000 barrels of proven oil, is currently...

Can oil companies profitably transform themselves into low carbon, green enterprises? That is a big question for investors. We have already...