OILPRICE

After years of abusing Iranian sanctions and flooding China's economy with cheap Iranian oil, China’s larger independent refiners are set to...

Panama will cancel the registration of six ships sailing under its flag after they were sanctioned by the UK last week. The delisting comes...

A Chinese company that owns a California manufacturing plant has sent hundreds of shipments of restricted dual-use electronics to Russia sin...

Oil and commodities trading powerhouse Trafigura Group and three other defendants went on trial on Monday in Switzerland's top criminal cour...

More than 100 years ago, a ship left a Nova Scotia harbor carrying a precious cargo that few today would recognize as valuable. The crew, fu...

U.S. natural gas inventories are higher than average for this time of the year as America has entered the proper winter heating season with...

For years, internationally-sanctioned Iran has used non-internationally-sanctioned Iraq as a front through which it can move whatever it wan...

On December 1, Azerbaijan’s state oil company, SOCAR, started supplying natural gas to Slovakia’s Slovenský plynárenský priemysel (SPP), the...

Hedge funds and other portfolio managers have been slashing their bearish bets on the European ICE gasoil futures amid falling temperatures...

Gazprom’s natural gas flows via the Power of Siberia pipeline to China have reached full capacity of 38 billion cubic meters annually, the R...

A small group of major oil-producing countries, including the leaders of the OPEC+ alliance – Saudi Arabia and Russia – have blocked a Unite...

Namibia’s offshore has yielded quality discovery as the African country continues to be an exploration hotspot for international companies....

Norway’s cabinet is scrapping a licensing round for deep sea minerals mining planned for 2025 as part of a deal with a small party backing t...

Saudi Arabia’s oil exports to Asia rose in November, while Russia’s crude sales in the world’s most important oil-importing region fell amid...

Gasoline sales in India hit 3.42 million metric tons in November, which was a 9.2% increase on the year, the Economic Times has reported, no...

Poland has shut down a branch of the Druzhba pipeline after detecting a leak, Bloomberg reported on Sunday, citing Polish media and the loca...

Crude oil prices started to trade this week with gains, driven higher by positive factory output data from China and the prospect of continu...

The Pentagon just got a painful wake-up call.Its stockpiles of crucial armaments are depleting at a record pace as the war in Ukraine drags...

OPEC+ has been withholding 2.2 million barrels of oil supply daily for well over a year now—and it might have to start thinking about these...

Four years ago, the European Commission unveiled the landmark European Green Deal wherein it laid out a series of policies aimed at making t...

Saudi Arabia’s Neom is perhaps the world’s most controversial architectural project at present, covering 10,200 square miles – almost the si...

Russian gas giant Gazprom is cutting its planned investments for next year by 7% compared to 2024 levels as more natural gas flows out of Ru...

Offshore oil is back in a big way. After years of costly offshore oil contacts being put on ice due to lower-than-ideal oil prices and uncer...

Rising global trade barriers threaten to drag on global economic growth and unsettle the stability of the UK’s financial system, the Bank of...

Mexico’s recently elected President Claudia Sheinbaum was just named as one of the 100 most influential climate leaders in business for 2024...