OILPRICE

In line with Iraq’s currently perilous finances and with its future target of increasing crude oil production to 7 million barrels per day (...

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 1.663 million barrels for the week ending Janu...

Oil prices jumped on Tuesday morning as OPEC+ agreed to push back the expected production increase until next month.Chart of the Week-    Si...

After another round of drama and a stalling of the talks on Monday, the Tuesday extension of the OPEC+ meeting concluded at long last with a...

Several U.S. states will hold oil and gas lease sales via EnergyNet in January, with most of the bids due before January 20 when President-e...

Canada’s oil industry expects that 2021 will be the year of recovery from the downturn caused by the pandemic in 2020, with total investment...

Members of the opposition in Somalia warned this week that the country’s federal government is about to sign a secret petroleum exploration...

Here’s the question for oil industry investors. Can oil companies scale up clean energy enterprises to replace business lost from a decline...

South Korea has dispatched military forces to the Strait of Hormuz after the Iran Revolutionary Guard seized a Korean-flagged oil tanker yes...

2018 was a very bad year for one-time commodity trading wunderkind, Pierre Andurand, who back in April of 2018 bet oil could soon hit $100 a...

U.S. oil prices have stayed relatively stable at around $40 a barrel since the start of the summer, having rebounded from the negative price...

Oil prices rallied on Tuesday morning, following reports that Russia—the OPEC+ producer that was insisting on a 500,000-bpd production incre...

The Trump administration has finalized a plan that will open up more land for oil and gas drilling in the Alaska Petroleum Reserve, the Bure...

The 2020 crisis put an abrupt end to the growth in U.S. crude oil production, which had just hit 13 million barrels per day (bpd) before oil...

Nearly 400 years ago, a French businessman may have launched the start of an estimated $5.7 trillion industry, the estimate of value that Ub...

The OPEC+ talks stalled on Monday after the group failed to reach a consensus on the best path forward for oil production, the body reported...

Venezuela’s crude oil and refined product exports plummeted in 2020 to their lowest level in 77 years, as the U.S. continued to step up sanc...

The solar sector has enjoyed a jaw-dropping run-up in the current year. The sector’s sole pure-play solar fund, Invesco Solar Portfolio ETF...

Due to the OPEC+ production cut deal and the decreased demand in the pandemic, Russia’s crude oil and condensate production fell in 2020 for...

Major cuts to oil production, an equally major boost to clean energy project development, and ambitious emissions reduction targets: this wa...

Natgas February Nymex contracts jumped 3.5% Monday morning due to colder weather trends and increased heating demand forecasted for the next...

Venezuela’s rapidly disintegrating oil industry, which is the backbone of its economy, is a mere shadow of what it once was, despite the fou...

Tesla delivered just 450 cars shy of the 500,000 vehicle delivery target in 2020, the electric vehicle maker said in its Q4 production and v...

We have already written about one of the most paradoxical developments of the US-Russia energy relationship, namely that American refiners h...

Gold is off to a good start in 2021 after recording its best yearly gain in a decade. Prices surged above $1,900 an ounce on Monday to the h...