OILPRICE

Despite the OPEC+ decision to ease output cuts, oil prices have rallied over the past couple of weeks, supported by vaccine news and the sta...

Oil prices are set to exceed $50 a barrel early next year, thanks to the OPEC+ production agreements, although prices are still volatile bec...

A new US$4,400 China-made city car overtook the Tesla Model 3 as the best-selling electric vehicle (EV) in China this August, and has been t...

ExxonMobil faces renewed pressure from investors to change with the times and invest more in clean energy after a new activist investor firm...

It is oftentimes said that the Middle East is the most complicated region in our world, however the Southern Caucasus would certainly take i...

Iraq will draft its budget based on an average oil price of $42 per barrel for next year, oil minister Ihsan Abdul Jabbar Ismail said this w...

Trade unions in Nigeria are threatening a three-day strike later this week that could shut down port operations at Africa’s biggest oil prod...

Iran is preparing to start expanding its crude oil exports ahead of Joe Biden's inauguration in January in a clear sign it expects better bi...

Crude oil production in the United States has been on the rise, topping 10.86 million bpd in September—the highest since May. Still, it’s a...

Never before in the history of money-making has wealth accumulation happened as fast as it has with Elon Musk.  Tesla (NASDAQ:TSLA) surged p...

China has successfully installed an "artificial sun" device designed to test nuclear fusion processes, Chinese state media reported on Frida...

Energy was one of the hardest-hit industries by the coronavirus pandemic. It was, without exaggeration, pummeled into the ground, with deman...

Green hydrogen development advanced further this week after the world’s first pilot project for green hydrogen heating of homes was approved...

OPEC+ has finally managed to reach a production cut agreement after several days of increased internal dissent. In its statement, the group...

Have the recent pronouncements of the death of oil and reigning renewables been more rhetoric than reality? Yes and no. It’s true that peak...

BMO Capital Markets says that a surge in the price of Chinese rare earth metals in November is a reflection of the geopolitical tensions bet...

At the height of the shale boom, the Eagle Ford was a spy den on the level of Beirut.  Industrial espionage was in full swing, with foreign...

The US Senate Committee on Environment and Public Works (EPW) has approved a bipartisan bill that, among other provisions, advances the fede...

There’s a huge misconception about renewable energy that needs to be thwarted if the industry is ever to achieve its full potential. When yo...

Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,...

France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with which...

U.S. West Texas Intermediate crude oil futures are trading higher on Friday as major producers agreed on a compromise to continue some cuts...

Oil prices rallied on Friday morning as OPEC+ finally came to a compromise, with the group unanimously agreeing to add 500,000bpd to January...

Libya has stunned everyone by fairly quickly ramping up to 1.2 million bpd in a matter of months. That’s an impressive feat impressive given...

Usually, when a market move makes no sense to you, it is you that is wrong. As my old dealing room boss loved to say, or rather shout, the m...