OILPRICE

Japan and Kuwait have struck a deal to store crude oil for Southeast Asia in Japan in a bid to boost the region’s oil supply network, which...

Tesla (NASDAQ: TSLA) will be added to the S&P 500 index all at once at its full market capitalization before trade opens on December 21, S&P...

The Senate has approved two candidates for the Federal Energy Regulatory Commission nominated by President Donald Trump, which would mean FE...

Exxon has finally broken with its tradition to never write down its assets. Exxon has announced massive writedowns of between $17 billion an...

Crude oil production, including lease condensate, in the United States rose in September to 10.860 million barrels per day on average, accor...

Despite the surge in coronavirus cases in recent weeks, crude oil demand in the United States could be on track to increase in the coming mo...

The UK Department for Business, Energy and Industrial Strategy (BEIS) has approved the construction of the biggest battery storage project i...

The “bridge fuel” narrative for natural gas is being replaced. Not so easily replaced, however, is the demand for natural gas. Natural gas—j...

The UK and Scottish authorities are funding the world’s first trial of a 100 percent green hydrogen generation, storage, and distribution ne...

The OPEC meeting ended on Monday without an agreement among its members regarding the production cuts next year. Instead, the meeting ended...

Gold prices extended their decline below $1,800/oz on Monday as growing optimism for an end to the pandemic continues to direct investors to...

While there was a lot of uncertainty about the OPEC+ meeting, this headline (from Bloomberg) was not one of them... *SAUDI ARABIA MULLS RESI...

Goldman Sachs expects Brent crude to reach $65 a barrel next year following the release of an effective Covid-19 vaccine and a limited incre...

Brazil’s massive offshore oil boom, notably in the deepwater offshore pre-salt oilfields, is continuing to grow despite weaker oil prices an...

Refiners in Asia expect the world’s largest oil exporter, Saudi Arabia, to raise the official selling prices for its crude oil going to Asia...

The international media think tanks and government agencies have discussed at length the near failure of Venezuela, once Latin America’s mos...

The United States government is set to add Chinese state oil company CNOOC to a blacklist of companies with ties to the Chinese military, Re...

As the world is aching to put an end to a devastating 2020, oil producers are now assessing the lasting effect of the pandemic into 2021 – a...

Islamic State militants launched a rocket strike against an Iraqi refinery causing its shut-down, Reuters has reported, citing officials fro...

Driven by a faster-than-expected comeback of Libyan oil production, OPEC’s crude output jumped in November by 750,000 barrels per day (bpd),...

The coalition led by Saudi Arabia bombed camps of the Houthi rebels in Yemen on Friday after Houthis hit a petroleum distribution center of...

Despite the recent progress in vaccine development, oil prices will continue to be subdued in the first half of next year, while oil prices...

Recent political and geopolitical developments in the United States and Asia could undermine American energy exports to the biggest regional...

Last week BloombergNEF (BNEF) published a new report that quantifies the impact of the Covid-19 pandemic on U.S. carbon dioxide emissions. T...

For many people, the Christmas season is a time for celebrating, traveling, and spending time with friends and family. Understandably, not m...