Shell has announced its intention…
Amidst decreasing solar material costs…
Oil prices will not average…
After a relentless month’s-long climb, U.S. national average gas prices have stabilized, with the current price of $3.594 for a gallon of regular…
Pakistan’s petroleum minister Musadik Malik has revealed that his country paid for its first imports of discounted Russian crude in Chinese currency. According…
Oil markets have kicked off the new week on a sour note with both Brent and WTI crude sliding over $3 per barrel after Goldman Sachs’ latest call. …
Nigeria’s revenues from LNG exports declined in the first quarter of 2023 to the lowest in five quarters, due to security challenges and declining associated natural gas production at oilfields,…
Unipec, the trading unit of the top Chinese and Asian refiner, Sinopec, is selling unusually large volumes of Oman crude for August loading to other trading firms, in a sign…
Goldman Sachs has slashed its year-end oil price forecast to $86 per barrel Brent, down from a previous projection of $95, as it sees higher supply from sanctioned oil…
China has reached its goal to have more non-fossil fuel installed electricity capacity than fossil fuels earlier than planned, with 50.9% of its power capacity coming from non-fossil fuel sources…
OPEC’s second-largest producer, Iraq, approved on Monday its 2023 budget of $153 billion (198.9 trillion dinars), envisaging record spending and basing the budget on an oil price of $70…
A 24-hour ceasefire in Sudan has ended and clashes between warring political factions have resumed, dampening hopes for a quick solution to the situation in the country. The conflict erupted…
Newly leaked Pentagon papers showed that Saudi Arabia's Crown Prince Mohammed bin Salmon threatened the United States with economic calamity over oil production decisions, according to the Washington Post. Relations…
General Motors announced on Thursday that it will be switching to Tesla's charging network and charging technologies, CNBC reports. The…
Despite the lowest natural gas prices in two years, Europe’s natural gas demand continues to be weak and fell in May from a year earlier as industries are slowing and…
OPEC+ slashed its crude oil production by 670,000 barrels per day (bpd) in May, as the voluntary cuts with which the group shocked the markets in April began, the latest…
Despite the Western sanctions, Russian oil companies boosted their gasoline exports by 37% between January and May compared to the same period in 2022, Russian daily Kommersant reported on…
The Zaporizhzhya nuclear power plant in Ukraine is still receiving water needed to cool its reactors despite the rupture of the Kakhovka dam, the International Atomic Energy Agency…
Norway’s government plans to submit to Parliament in the coming weeks plans to open a large area to deep sea mining as it seeks to access and extract critical minerals…
An appeals court has suspended an order issued by a lower court that could have seen supermajor Exxon lose its license to operate the Liza-1 offshore well that yields about…
The UK’s government may lift the controversial 35% windfall tax it imposed on the energy industry last year in response to the supply crunch that sent energy prices…
The head of the United Arab Emirates state-run oil giant, ADNOC—and incoming COP28 President—said that a fossil fuel phasedown is inevitable. "The phasedown of fossil fuels is inevitable. The speed…
The White House has refuted claims on Thursday that the United States was close to a deal with Iran over its nuclear program that would entail lifting sanctions on Iran’s…