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Artificial intelligence and robots are a hot topic of discussion, especially in the context of automation and job loss for humans. But they...

Brent Crude prices are set to average $50.67 a barrel in 2021, slightly down from the price at which they traded early on the last trading d...

ExxonMobil is on track to book another quarterly loss this year—its fourth consecutive loss in 2020—announcing that it expects to book a mas...

OPEC+ fully complied with the supply cuts in November that the group agreed on, two sources from the group told Reuters. OPEC+ is scheduled...

The oilfield services sector is usually the one to suffer the most during an oil and gas industry downturn. This last crisis has been no exc...

Looking back, 2020 will be a thick chapter in the history books. This year will be remembered for all kinds of catastrophes, from public hea...

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 3 to 351. The oil and gas rig count has ris...

Gazprom Neft, the oil unit of Russian gas giant Gazprom, has launched a cryptocurrency mining operation at one of its oil sites in Siberia,...

In January 2019, the Trump administration imposed sanctions on Venezuela's oil shipping sector in an ongoing bid to force President Nicolás...

Colombia country is facing its worst economic catastrophe of modern times because of the global COVID-19 pandemic. The IMF believes that the...

After five years of plunging oil production and experiencing the near-collapse of its economically crucial petroleum industry and the worst...

Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe, Iranian state...

Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union....

State energy giant PetroChina plans to increase the natural gas output from its shale operations in the Sichuan province twofold to over 22...

Crude oil prices rose further today after the Energy Information Administration reported an oil inventory draw of 6.1 million barrels for th...

Little-known shipping companies registered in the United Arab Emirates (UAE) have been shipping Venezuelan crude oil in breach of the U.S. s...

The year 2020 has been unusually volatile for the U.S. financial market, but more so for the energy sector thanks to nationwide lockdowns an...

In tandem with Iraq’s reiterated target for crude oil production of 7 million barrels per day (bpd) by 2025, from the previous 5 mbpd, Baghd...

Nearly every aspect of our lives has been transformed in 2020. But there are few places where the change has been as dramatic or all-encompa...

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.785 million barrels for the week ending Dece...

There seems to be a point of saturation when it comes to assessing Angola’s crude exports for the upcoming months – beyond a certain point i...

Carbon capture, utilization, and storage (CCUS) technology is being hailed as an indispensable part of the energy transition. Net-zero emiss...

Chart of the Week-    Oil is once again trapped between vaccine optimism and near-term pandemic pessimism. -    Vaccinations began across th...

The COVID-19 pandemic had a sharp impact on oil prices, creating considerable uncertainty over the outlook for energy demand around the glob...

Opponents of Enbridge's Line 3 oil pipeline project are demanding that construction of the pipeline is stopped, the Associated Press has rep...