OILPRICE

SSE, a major energy company and renewable projects developer in the UK, is reducing spending on renewables in its five-year plan to 2027 by...

Crude oil inventories in the United States saw an increase of 1.3 million barrels during the week ending May 16, according to new data from...

Russia’s top oil producer, state-controlled Rosneft, has acquired the company that holds the license to operate and develop a giant rare ear...

India is on track to import nearly 1.8 million barrels per day (bpd) of crude oil from Russia in May, which would be a 10-month high, accord...

This summer, solar power generation globally could exceed electricity from nuclear power plants for the first time ever, as solar capacity s...

Continental Resources, the U.S. shale producer, has estimated that the Diyarbak?r basin in Turkey’s southeast has a reserve of 6.1 billion b...

Half of China’s truck sales are set to be electric vehicles by 2028, according to the top executive of Chinese battery giant CATL, which hol...

Centrica has announced plans to sell off a big chunk of its holding in the Cygnus gas field in the southern North Sea. The deal will see Spi...

Pertamina has been importing Russian crude oil complying with the Western sanctions, a top official at Indonesia’s state energy firm said on...

Brazil’s Petrobras is planning to start drilling in the Foz de Amazonas Basin by the end of the month, Reuters has reported, citing unnamed...

The U.S. federal government will extend a sanction waiver allowing Chevron to keep doing business in Venezuela by another 60-days as negotia...

Crude oil prices rose sharply earlier today following reports on Tuesday that Israel had plans to attack Iranian nuclear facilities. At the...

Geopolitically, the events of the first half of 2025 strongly indicate that seismic change is coming to Europe. From the diplomatic wranglin...

The biggest international oil firms used the first-quarter earnings calls to reassure investors that Big Oil is in a ‘business as usual’ mod...

U.S. President Donald Trump’s decision last week to lift sanctions on Syria is the logical next step in shifting the country back into the U...

The European Union will propose to G7 finance ministers to lower the price cap on Russian crude from the current $60 per barrel to $50, Euro...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose again, this time by 2.499 million barr...

Ukraine is urging the G7 to slash the price cap on Russian oil to $30 per barrel, down from the current $60, in a bid to tighten the financi...

Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) rose month-over-month. Overall, the index saw a price increase of 5.11...

Looking at Berkshire's mindblowing $350 billion cash stash... ... one would think that there is nothing in the market that a value investor...

China is striving to expand its footprint in Central Asia, hoping to take advantage of the Trump administration’s dismantling of the US Agen...

OPEC’s expectations of global oil demand growth “remain generally optimistic,” despite recent headwinds including risks to trade and the glo...

The prospect of ending U.S. sanctions against Iran looked rather distant just a couple of weeks ago, but now President Trump is signaling th...

US President Donald Trump said that Moscow and Kyiv will "immediately" begin cease-fire talks following his latest call with Russian leader...

Kazakhstan’s oil production rose 2% in May, defying yet another OPEC+ quota and testing the limits of Saudi Arabia’s patience with overprodu...