OILPRICE

Crude oil prices moved higher this week, supported by escalating geopolitical tensions. The Russia-Ukraine conflict has intensified, with Uk...

Oil Majors Give Up the Renewable Ghost - European oil majors are winding down investments into renewable energy projects after the double wh...

Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected...

Petrobras plans to pay ordinary dividends totaling $45 billion-$55 billion by 2029, with room for additional extraordinary distributions to...

The latest U.S. sanctions against Russia are not expected to affect the purchases of Japan’s Osaka Gas of Russian LNG under its long-term co...

BP has struck a deal to develop a natural gas field in Indonesia, complete with a carbon capture system. The deal’s value is seen at $7 bill...

Northvolt, Europe’s big battery hopeful, has filed for bankruptcy in the United States after failing to turn its fortunes around as the elec...

Crude oil prices extended their gains today and were set to end the week higher after Russia shot a new kind of ballistic missile at Ukraine...

Last month, commodity analysts at Standard Chartered reported that global oil demand hit an all-time high of 103.79 million barrels per day...

Trump was right...America has a China problem.  And it's hitting us from all sides.  World War III feels closer than ever, the AI revolution...

India’s energy demand growth is not limited to oil. The world’s third-largest crude oil importer is set to become a major force in the natur...

Oil prices took the bumpy road upwards today, proving once again that global crude markets lack stability. West Texas Intermediate (WTI) cli...

While discussions on containing global warming have bogged down inside the blue zone at the COP29 climate summit in Baku, Caspian Basin and...

Kenya’s President William Ruto has canceled multimillion-dollar energy and airport expansion deals with Indian industrial conglomerate Adani...

The energy regulator Ofgem has told provider E.ON Next to pay up £14.5m for failing to provide final bills and refunds to its customers. E.O...

Exxon Mobil Corp. (NYSE:XOM) will drill a well off Cyprus in January in pursuit of natural gas, a senior executive told Reuters on Thursday....

Alterra, the world’s largest private climate investment fund of $30 billion launched by the United Arab Emirates (UAE) last year, sees a lac...

Russian natural gas flows to Europe via Ukraine have remained stable this week despite the fact that Gazprom cut off supply to Austria’s OMV...

Indonesia, which depends heavily on coal-fired power generation, plans to phase out all coal-fired and fossil-fueled power plants within the...

China is set to import this month the highest crude oil volumes since August, as oil prices slumped amid demand concerns in early September...

An outage has forced the third train of BP’s Tangguh LNG project offline, Indonesia’s upstream regulator said on Thursday, amid rising LNG d...

As Europe’s benchmark natural gas prices have hit a one-year high, their premium over with the U.S. benchmark gas price has widened well abo...

Saudi Aramco plans to regularly tap the bond market for debt issuance as it looks to optimize capital structure and widen its investor base,...

The global resource race is heating up… As geopolitical tensions simmer and trade wars threaten to boil over, China is tightening its grip o...

Exxon, Hess, and CNOOC plan to add a fourth production vessel to the ones already operating in the Stabroek Block offshore Guyana, Hess Corp...