OILPRICE

It became clear pretty soon after the first lockdowns in the spring were imposed: Covid-19, the disease caused by the novel coronavirus, cau...

Tesla plans to build a 300-MW/450-MWh battery storage system in Victoria, Australia, three times bigger than the once biggest battery the co...

China’s crude oil imports fell by 4.88 percent last month from a month earlier, data analytics provider OilX reported. At 10.96 million bpd,...

Despite the industry-wide downturn, Apache Corp plans to drill a fifth well in Block 58 offshore Suriname, the company said in its third-qua...

The world’s top oil exporter, Saudi Arabia, appears unconvinced that near-term demand has much room to grow as it reduced its official selli...

As predicted, a second wave of COVID-19 is wreaking havoc on the world economy with many European nations contemplating new shut downs. It l...

By reporting a 44.6% decrease in profits in Q3 2020, Aramco has put a major damper on Saudi Arabia’s economic diversification strategies and...

A new era of technology is being defined right now—and not only by the “magnificent seven” tech giants that are collectively worth $7.7 tril...

In a sweeping victory for America’s oil and gas industry, Republican businessman James “Jim” Wright comfortably won a seat on Texas’ energy...

Here’s one fact that somehow transcends logic: Tesla is worth five times more than GM and Ford—combined. The EV company, which for quite som...

Although the Texas upstream oil and gas industry remained in contraction in the third quarter, signs have emerged in employment and rig coun...

The global energy sector is at a major bifurcation point, with the energy revolution having grown into an unstoppable force now. The value o...

Shares of major wind turbine manufacturers slumped on European markets on Wednesday as the U.S. presidential election—with the two candidate...

Iraq is facing a desperate financial situation: obliged to pay billions of dollars in state salaries, pensions, and other disbursements whil...

The United States exported crude oil, petroleum products, and natural gas to Mexico worth nearly US$34 billion in 2019, just shy of the reco...

China’s crude oil imports have fallen in recent months from their record high of nearly 13 million barrels per day (bpd) in June, although i...

Tesla came to the brink of bankruptcy before it launched the Model 3, chief executive Elon Musk said in a Twitter conversation. In a thread...

The Philippines could begin exploring for oil and gas in the disputed South China Sea even without a Chinese partner, Philippine Energy Secr...

As of Wednesday, the United States has officially left the Paris Agreement, as U.S. President Donald Trump promised in 2017. On November 4,...

Crude oil inventories in the United States shed 8 million barrels last week, the Energy Information Administration reported a day after the...

Saudi Arabia produced a record volume of natural gas earlier this year, the Kingdom’s state oil giant Aramco said in its Q3 results release...

Three members of OPEC and Russia are in favor of an extension of the current oil production cuts agreed by OPEC+ in April this year, Iraqi n...

With the most recent round of coronavirus-inspired lockdowns in various parts of the world, OPEC may face its biggest challenge yet: cutting...

"People have money and they're not spending it on going out to the theater, they're buying goods, CEO Black Gold Investors LLC. The transpor...

Last week was devastating for Venezuela, its people and nearly collapsed oil industry. Oil production since the start of 2020 has fallen cat...