OILPRICE

With budgets already stretched thin, Iraq’s budget is being taxed even more by its policy of flaring natural gas while paying high prices to...

Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is sti...

Oil prices plummeted early on Monday as a new strain of the coronavirus in the UK, found to be spreading faster among people, prompted tough...

India, the world’s third-largest oil importer and consumer, turned from the worst-performing demand market in July into one of the fastest-g...

Big money is turning its back on companies that aren’t conforming to one simple idea…Sustainability. And it’s fueling one of the biggest tra...

The last year has been rough for Colombia’s economically vital petroleum industry. Toward the end of 2019 and at the start of 2020 governmen...

Methane emissions, especially those from the oil and gas industry, are becoming the new focus of attention for regulators and environmentali...

Proverbs tell us a great deal about how a views the same phenomenon. Brits would say that necessity is the mother of invention whilst many E...

Things may be looking up for Canadian oil, but improving on something as dismal as the condition of our northern neighbors’ oil sector doesn...

Over the past two years, some of the world's largest oil traders have become the envy of many smaller traders for managing to pull some outl...

Protracted economic crises always challenge the forbearance of governments and militaries across the world when it comes to border disputes,...

In the last decade, the humble Strait of Hormuz has seen a fifth of the world’s oil supply, a third of all liquefied natural gas (LNG), and...

The Governing Council of the ECB met last week, announcing significant, dovish changes to its monetary policy . First of all, the ECB decide...

The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment i...

Trans Mountain is halting construction work on the expansion of the oil pipeline in a voluntary safety stand-down of more than two weeks unt...

Optimism about COVID-19 vaccines is driving oil prices higher and energy stocks are now on course to see their largest quarterly gain since...

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 263. The total number of active oil and gas ri...

1. China’s oil import surge ended- China’s imports of crude oil are set to jump 10% this year, but the import surge occurred during the down...

U.S. West Texas Intermediate crude oil futures are edging higher on Friday as investors showed no signs of lightening up on the long side ah...

For most people, the idea of looking back on the last year is probably not that appealing. The phrase “because, you know, 2020…” has become...

Libya’s crude oil production continues to increase as one of its companies has nearly doubled its output to 100,000 barrels per day (b...

Coal consumption is set for a rebound of 2.6 percent next year as the world’s heavy industry emerges from the pandemic crisis, the Internati...

Spot prices for liquefied natural gas (LNG) delivery in Asia jumped to a six-year high this week as lower-than-normal temperatures in key LN...

The U.S. stock market could see a burst of trading activity today ahead of Tesla's official addition to the S&P 500 on Monday, the Wall Stre...

The latest oil and gas lease sale in Colorado generated just $630,556 for 32 parcels totaling 43,438 acres, the Bureau of Land Management sa...