OILPRICE

Days before the end of the current Administration, a U.S. banking industry regulator finalized a rule under which large American banks canno...

This is a well you don’t want to miss.  In Namibia, an African venue that is being set up as the scene of the world’s next—and possibly last...

What is fast becoming the world’s hottest offshore oil play, the Guyana-Suriname Basin, has entered the headlines once again. Hot on the hee...

Iraq announced two deals with countries that Iran hopes can be gradually moved further into its sphere of influence. One of the two, Lebanon...

Oil prices were up on Thursday afternoon despite new and extended lockdowns that promise to slow any oil demand rebound that was expected fo...

Total and Apache Corporation have made their fourth oil and gas discovery offshore Suriname in the Guyana-Suriname basin, the French superma...

Road traffic and transportation fuel demand in most of Europe at the start of 2021 is likely at its weakest since the end of the first lockd...

In 2020, the energy sector got hit with the triple-whammy of a price war between Saudi Arabia and Russia, demand destruction as a result of...

Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OP...

The Trump Administration is banning as of November 2021 the holding of shares in any Chinese company defined by the U.S. as having links to...

The U.S. Department of Commerce said on Thursday it had blacklisted China’s state-run oil company CNOOC for helping China intimidate neighbo...

Goldman Sachs has flipped on their bearish natural gas stance to a bullish one.  Goldman's Samantha Dart's reasoning behind the view shift i...

The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from...

Fears that Iran will flood the oil markets with its crude now that Joe Biden is set to take office are unfounded, OPEC’s Secretary General M...

Texas and Oklahoma in the United States are more attractive for oil investors than Alberta, the Fraser Institute, a Canadian think-tank, has...

Chesapeake Energy has emerged from bankruptcy proceedings after a judge approved its Chapter 11 restructuring plan, Reuters has reported, no...

It may be counterintuitive to say that the oil demand crash and the resulting glut in 2020 could lead to an oil supply crunch in just a few...

Market tightness is the new byword on the global crude markets, though this given bout of supply scarcity (luckily) bears all the traits of...

The pandemic and the pace of economic and oil demand recovery from the coronavirus-inflicted crisis are posing a major challenge to oil prod...

A potential high upside opportunity in the oil and gas sector is unfolding that offers one of the most attractive risk/reward profiles this...

For decades, the Lone Star State has been essentially synonymous with fossil fuels. While shale oil and gas have long reigned supreme in Tex...

The Texas oil and gas industry paid a total of $13.9 billion in state and local taxes and state royalties in fiscal year 2020, the Texas Oil...

In a shift away from fossil fuels, Norway is planning to deep dive for metals as part of its plan for a greener future.  Having gained most...

Having recently turned even more bullish on the oil market, bringing forward up its year-end $65 Brent price target to the summer on Monday,...

Countries dependent on oil revenues for much of their budgets will become increasingly vulnerable to problems caused by the global energy tr...