OILPRICE

Iran said on Wednesday that its oil exports have averaged between 600,000 barrels per day (bpd) and 700,000 bpd since the start of the Irani...

The most popular battery technology, lithium-ion batteries, may have just received a big shot in the arm.  Scientists have found in a new st...

Deepwater exploration appears to be the focus of major investments in Mexico in Q3. As state-controlled oil company Pemex focuses on easy-ex...

Chevron, Occidental, and oil trading giant Trafigura have agreed to explore the idea to price the light U.S. crude they export to Asia off t...

Most of us living in developed countries can’t begin to imagine a life without electricity. The most basic things suddenly seem impossible....

There has been a lot of hand-wringing in the oil industry about the consequences of a Joe Biden win, so let’s discuss those today. Here is s...

Governments of the G20 nations are still spending more than half of trillion U.S. dollars every year to support fossil fuel industries, with...

Germany’s gas demand, which is currently just above 90 billion cubic meters (Bcm) per year, is set to increase to more than 110 Bcm by 2034,...

Saudi Arabia and Iraq will cooperate and coordinate their positions on oil policies within the organization of Petroleum Exporting Countries...

Russia is not ready to discuss changes to the ongoing OPEC+ oil production cuts before the Joint Ministerial Monitoring Committee (JMMC) nex...

For yet another month, OPEC revised down its expectations for global oil demand as the renewed spike in coronavirus cases in major economies...

Occidental Petroleum has become the first U.S. oil company to announce a plan to slash greenhouse gas emissions to net-zero by 2050. In a fi...

The major participants at ADIPEC 2020’s ADNOC Trading Forum expressed a wide range of sentiment, but the general message was one of caution...

While offshore Brazil, Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offs...

Imagine an electric car that’s lightweight and fast, and can go for hundreds of miles on a single charge. This car would not have a battery...

The American Petroleum Institute (API) reported on Tuesday a major draw in crude oil inventories of 5.147 million barrels for the week endin...

“This has probably been the most challenging quarter in past decades,” Schlumberger’s chief executive Olivier Le Peuch said in the second-qu...

The world’s largest independent oil trader, Vitol Group, is considering potential acquisitions in the U.S. shale patch, chief executive Russ...

Oil prices reacted positively to the news of a Pfizer vaccine that is reportedly 90% effective for the coronavirus.Chart of the Week-      ...

Economic expansion strongly correlates with CO2 emissions as more energy is needed to power factories, transportation, and a higher standard...

U.S. energy-related carbon dioxide emissions dropped by 3 percent last year, offsetting a 3-percent increase in 2018, as a record-high share...

Shell will halve the crude oil processing capacity of its largest wholly owned refinery in the world, Pulau Bukom in Singapore, as part of i...

India's energy demand is beginning to improve as businesses reopen, the country's oil minister, Dharmendra Pradhan said this week at the ADP...

Several oil tankers were attacked or approached with attempted attacks in the Gulf of Guinea off West Africa over the past few days, maritim...

Renewable power generation capacity will increase by 7 percent this year despite a 5-percent forecast decline in global energy demand, the I...