OILPRICE

More than 40 oil and gas companies in the United States filed for bankruptcy protection in the first eleven months of this year, according t...

The many delays in expanding oil pipeline takeaway capacity out of Alberta have cost Canada’s producers of heavy crude oil at least US$14 bi...

Oil prices lost gains early this week after a new strain of Covid-19 is threatening the global demand recovery. Chart of the Week Demand for...

The Norwegian Supreme Court voted 11-4 on Tuesday to reject a lawsuit from environmental groups that had sued Norway for opening up acreage...

The Liza-1 well in the Stabroek Block offshore Guyana is pumping oil at a rate of 120,000 barrels per day, Exxon has announced, in a belated...

Apple plans to manufacture an electric passenger vehicle with its own breakthrough battery technology in 2024, sources with knowledge of the...

China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019, Reuters...

Following losses of more than 3-percent on Monday, oil prices continued to trade lower early on Tuesday, dragged down by renewed concerns ab...

Joe Biden’s presidency will hopefully not interfere with OPEC+ actions taken to rebalance oil markets, Russian Deputy Prime Minister and for...

By now, you probably already know that electric vehicles were one of the hottest markets, if not the single hottest market in 2020. You migh...

In an age where there’s not much oil left to discover on land and the supermajors have gone out to sea where development takes decades and c...

Iran has stated its interest in attracting investments from Russian oil companies to help develop its oilfields, Russia’s TASS news agency s...

Cushing, the home of the ‘black gold rush’ and the world’s largest onshore oil storage hub is once again reducing its oil stockpiles as an i...

The widening U.S. sanctions on the Russia-led natural gas pipeline project Nord Stream 2 are a kind of hybrid warfare used by the United Sta...

Drilling operations of the first well of the game-changing but highly-controversial Phase 11 of Iran’s supergiant South Pars non-associated...

Shell warned the market on Monday that it would book up to $4.5 billion more in post-tax charges in the fourth quarter, which would take the...

The COVID-19 crisis could be the propulsion the vertical take-off and landing (VTOL) technology needs to really take off and become a means...

Despite the swift industrial recovery from the pandemic, factories in areas in China are working only part-time, and residents in several pr...

Back in September, Chinese president Xi Jinping garnered a huge amount of attention and no small number of headlines on the global stage whe...

A string of crises has engulfed Peru, Latin America’s sixth-largest economy, since the start of 2020. If the marked impact of the COVID-19 p...

Shell has sold a 26-percent stake in an Australian LNG project to Global Infrastructure Partners for $2.5 billion as part of efforts to redu...

China has lifted restrictions on foreign investments in all energy sectors, including fossil fuels, new energy sources, and electricity gene...

240 percent: this is the increase in battery storage capacity added in the United States during the third quarter of this year, compared wit...

OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, Bloomberg has reported, citing the...

PetroChina discovered a natural gas field with reserves in excess of 100 billion cubic meters, Chinese states news agency Xinhua reported th...