OILPRICE

Politics, Geopolitics & Conflict - Trump is adding China’s national offshore oil and gas producer, CNOOC, to the U.S. defense blacklist, lau...

1. Exxon’s sharp CAPEX cuts- ExxonMobil (NYSE: XOM) announced plans to cut its CAPEX down to $20-$25 billion annually, lopping off $10 billi...

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 246—the highest number of rigs since mid-May....

A day after OPEC reached a difficult agreement to boost oil production by half a million barrels daily from January, Russian Deputy Prime Mi...

Denmark will stop extracting oil from the North Sea in 2050, the Danish government has said, adding it would cancel its eighth licensing rou...

Oil prices are set to see a meaningful recovery in the second half of next year as the worst for producers, and the market is behind us, Ami...

Oil prices rose early on Friday, headed for a fifth week of gains, after OPEC+ managed to seal a compromise deal over its oil production pol...

While the UK’s total new car sales slumped in November due to the second lockdown, electric vehicles (EVs) recorded their third-highest ever...

The current year marks the 15th anniversary of the U.S. shale boom, a period in which fracking technology across such states as Texas, Color...

Energy efficiency is expected to record this year its weakest progress in a decade, creating additional challenges to the world achieving in...

The pandemic has multiplied the calls for ‘building back greener’ energy systems as economies recover from COVID-19. From the UK to China, g...

If policy makers in Washington wanted to hasten the demise of coal fired electric generating stations, they could not have done a better job...

The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Ener...

Alaska’s crude oil exports have more than doubled this year from 2019, as Chinese refiners are purchasing more Alaskan crude, demand for whi...

After much debate, the OPEC+ group has finally reached an agreement on oil production for next year. Or at least for January. OPEC+ will, as...

Chevron Corporation is reducing its capital and exploratory budget for the next five years by billions of U.S. dollars compared to previous...

Even though the U.S. shale patch has further reduced its break-evens over the past year, the decline in drilling costs alone may not be suff...

Days after reports emerged that the newly opened Belarus nuclear power plant suffered an incident, authorities in neighboring Lithuania told...

A new research note from battery supply chain specialist and price reporting agency, Benchmark Mineral Intelligence, has a warning for carma...

The Brent crude benchmark for oil prices could soon include West Texas Intermediate, Bloomberg has reported, citing plans by S&P Global Plat...

OPEC+ is discussing the possibility of starting to raise its collective oil production from January, the Wall Street Journal reported, citin...

Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd, Bloomberg...

Various reports that Chinese oil giants, China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are...

Exxon this week did something unprecedented: it wrote down its gas assets by a massive $17 to $20 billion. In evidence that the crisis has f...

Venezuela’s state oil company PDVSA suspended gasoline production at the El Palito refinery after a problem with a valve led to a fire, unna...