OILPRICE

Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators re...

The largest oilfield services provider, Schlumberger (NYSE: SLB), reported on Friday better-than-expected earnings for the fourth quarter an...

Energy shares were hit hard as the oil rally came to a halt, with new lockdowns reigniting oil demand fearsWith 2021 shaping up to be one of...

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 5 to 378. The oil and gas rig count has ris...

Elon Musk will be giving a prize of US$100 million to the best carbon capture technology, the entrepreneur tweeted, adding that he would unv...

Oil prices tumbled more than 2.5 percent early on Friday, dragged down by concerns that oil demand in the world’s top oil importer, China, c...

TC Energy, the developer of the Keystone XL cross-border oil pipeline, is letting go of 1,000 workers in both the United States and Canada a...

Iran has started ramping up its crude oil production eyeing a return to pre-sanction levels in a month or two, Deputy Oil Minister Amir Hoss...

Oil traders are mixing additives into Venezuelan crude to disguise its origin so they can sell it to Chinese refiners without either party g...

Crude oil prices fell further today after the Energy Information Administration reported a crude oil inventory build of 4.4 million barrels...

Oil prices will be supported this year by the upcoming massive economic stimulus package in the United States and the low probability of muc...

There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil suppl...

OPEC’s second-biggest oil producer, Iraq, has reduced its term supplies for 2021 to several major Indian refiners by 10-20 percent, industry...

A three-well drill campaign has just been launched by a small-cap explorer in a massive Permian basin that could end up being the next major...

The producers part of the OPEC+ alliance complied with the oil output cuts at 99 percent in December 2020, down from 101 percent compliance...

Last year was tough for the global oil industry as the COVID-19 pandemic and an ongoing oil supply glut rocked petroleum-dependent emerging...

Daimler AG's Mercedes-Benz rolled out its battery-powered EQA SUV as part of a plan to take on Tesla and Volkswagen.  Mercedes-Benz's first...

India hopes it could diversify its oil suppliers under the new U.S. Administration that could relax restrictions on oil exports from Iran an...

The cold spell that left Asian countries scrambling to buy enough natural gas for heating and electricity generation earlier this month made...

Oilfield services provider Baker Hughes (NYSE: BKR) booked its first quarterly net profit since oil prices crashed in March, reporting on Th...

In January 2020, Microsoft launched a company-wide focus on sustainability by announcing an ambitious goal and a detailed plan to become car...

Majors are eying Suriname as the next big oil player. With recent success in neighbouring Guyana, Suriname offers hope for low-cost oil expl...

The American Petroleum Institute will support federal regulations for oil and gas industry-generated methane, the industry body said on Thur...

With president-elect Joe Biden having vowed to return the United States to the 2015 Paris Climate Accord as a matter of urgency, the clean e...

President Joe Biden will issue a “temporary moratorium” on all oil and gas leasing in the Arctic National Wildlife Refuge, or ANWR area, Bid...