OILPRICE

Higher volumes of crude oil and refined products trading helped Gunvor, one of the world’s biggest independent commodity traders, raise its...

TG Natural Resources has agreed to buy 70% of Chevron’s natural gas assets in East Texas for $525 million, as the company indirectly owned b...

Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian e...

Shell, Chevron, and Exxon have warned the Australian government a proposal aimed at curbing natural gas shortages on the domestic market mig...

Vietnam has announced import tariff cuts ahead of the entry into effect of President Donald Trump’s tariffs aimed at fixing the trade defici...

Over the past few weeks, the Trump administration has attempted to broker a peace deal between Russia and Ukraine, offering a glimmer of hop...

After a series of internal meetings at Iraq’s Oil Ministry over the past two weeks, talks with several international energy companies have b...

The European Union is looking to prop up Europe’s steel and metals industry with a new action plan. Sector organizations welcome the plan, b...

The Indian steel sector—the world’s second-largest—faces a critical challenge in 2025 as the European Union (EU) tightens its environmental...

For decades, U.S. electricity demand grew at a predictable, modest pace. Utilities could plan around gradual increases driven by population...

January U.S. crude oil production was down 305,000 barrels per day, hitting 13.15 million bpd, a level it hasn’t dipped down to in over a ye...

When Donald Trump returned to the White House, he did so on the promise, among others, of unleashing U.S. energy dominance. This was good ne...

The "America First" slogan often used by candidate Donald Trump in his first and second presidential campaigns might sound on its surface to...

Equinor's Johan Castberg oilfield in the Arctic Barents Sea began production on Monday to a great deal of fanfare after several delays, with...

Varo Energy, owned by the world’s biggest independent oil trader, Vitol, and the Carlyle Group, has reached a deal to buy Swedish refiner Pr...

U.S. benchmark crude oil prices soared 2.65% on Monday, with West Texas Intermediate (WTI) hitting $71.20, up $1.84 at 11:47 a.m. ET on fear...

South Africa has allowed eight coal-fired power plants run by state-owned utility Eskom to exceed air pollution and emissions limits this de...

Historically, economic progress has been driven by seismic shifts in how we value things. From the agrarian economies that once sustained ea...

Following several months of delays due to inclement winter weather in the waters in Norway’s Arctic, Equinor started up the Johan Castberg o...

US President Donald Trump threatened Russia with new tariffs on oil products if Moscow blocks his cease-fire initiatives, while he also said...

The OPEC+ group’s production increase and expectations of weaker demand growth due to the U.S. tariff policies and potential economic slowdo...

The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a...

The U.S. Treasury has revoked a license for French oil firm Maurel & Prom to operate in Venezuela and is no longer allowing firms to receive...

The UK government needs to replace the current windfall tax on North Sea oil and gas operations as soon as practically possible and not wait...

President Donald Trump has threatened Iran with bombings and sanctions if the two fail to reach an agreement on a new nuclear deal that woul...