OILPRICE

Spot prices of liquefied natural gas (LNG) in Asia have staged an impressive rally over the past two months and have now soared 18 times fro...

Global oil demand is expected to grow by 5.6 million barrels per day (bpd) in 2021 compared to the 2020 low of 92.2 million bpd, the U.S. En...

Airline travel will continue to suffer in the first half this year and will only recover, and jet fuel consumption with it, in the back half...

Saudi Arabia has announced reductions in crude oil volumes to be supplied to at least nine clients in Asia and Europe following its decision...

General Motors stole the show on Tuesday after unveiling the Cadillac Vertical Take-Off and Landing (VTOL) vehicle and electric shuttle conc...

Crude oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 3.2 million barrels...

Oil major Total and energy provider Engie have applied for subsidies which, if obtained, would allow them to build the largest green hydroge...

U.S. oil producers should tread carefully this year and avoid boosting production, which could lead to another price slump, the energy minis...

Enbridge rejected on Tuesday the notice of Michigan Governor Gretchen Whitmer to close its Line 5 pipeline, saying that it has no intention...

The global oil market is in flux once again. The bulls are fighting it out with the bears as COVID lockdowns come into force around the worl...

As oil prices continue to maintain the latest trajectory above the psychologically significant $50/barrel level, investors are increasingly...

One of the things that had the oil industry worried about a Biden administration was his opposition to fracking, and his promise to ban it o...

The 2020 oil crisis has led to a crisis of confidence among the global workforce in the oil and gas industry, where 78 percent of profession...

Mozambique's President Filipe Nyusi has held talks with his counterpart in neighboring Tanzania to prepare a wider regional response to viol...

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.821 million barrels for the week ending Janu...

Sharply weaker oil prices and the global COIVD-19 pandemic had little material impact on Brazil’s massive offshore oil boom. Even the fact t...

When most people imagine the internet, the last thing that comes to mind is huge, on-the-ground facilities and thousands of miles of wires a...

We hope you enjoy.Chart of the Week-    Roughly 9.1 gigawatts of electricity capacity are slated for retirement in 2021 in the United States...

Two of South Africa’s four oil refineries are currently offline and expected to restart next year at the earliest, while the other two facil...

The stakes are rising with each passing day for energy storage. The world needs it, and it needs it cheaply and urgently, given all the plan...

Shell will be cutting 330 jobs from its North Sea operations, mostly office jobs based in Aberdeen, the supermajor said on Tuesday, as carri...

While the oil and gas industries experienced a difficult year in 2020, with decreased demand and a severe drop in prices, energy suppliers h...

OPEC+ group’s compliance with the oil production cuts fell to 75 percent in December 2020—one of the lowest levels since the pact was enacte...

Africa’s second-largest oil exporter Angola has received approval from the International Monetary Fund for a disbursement of over $480 milli...

WTI is back above $50 a barrel, and things are looking up for the battered U.S. oil industry. Yet, although the worst may be behind drillers...