OILPRICE

Crude oil prices fell 2.5% this week due to softening demand projections, a strong U.S. dollar, and rising supply expectations. Amid global...

European benchmark natural gas prices continued to hover on Friday around their highest level in a year amid soaring demand in colder weathe...

The UK’s energy regulator Ofgem on Friday awarded a $2.5 billion (£2 billion) funding package for a subsea and underground cable between Sco...

European oil and gas supermajors BP, Equinor, Shell, and TotalEnergies are committing a joint investment of $500 million to help ensure acce...

Refinery run rates in China fell for the seventh month in a row in October, shedding 4.6% on an annual basis, data from the country’s statis...

The transition team appointed by president-elect Donald Trump has set its sights on the $7,500 EV tax incentive implemented by the Biden adm...

Crude oil prices looked set for yet another weekly loss, pressured by the perception of softer-than-expected demand in China. The decline co...

U.S. oil and gas giant, Exxon Mobil Corp. (NYSE:XOM) announced on Wednesday it has reached 500M barrels of oil produced from Guyana's offsho...

The United States is looking to keep its LNG flowing to Europe in the long term when the EU will have standards for methane emissions for al...

Carbon credits enjoyed significant popularity a few years back, but a media investigation revealed that most fail to deliver on the promises...

Achieving the net-zero emissions target needed to limit global temperature rise will require an unprecedented transformation of the world’s...

Nigeria, long the wildcard of OPEC, has cranked up its oil production to a respectable 1.8 million barrels per day (bpd), claiming on Thursd...

Automakers are racing to produce electric vehicles (EVs) with off-road capabilities, equipped with the power and range needed to meet consum...

The seven largest US LNG export plants are receiving high volumes of gas, new data from LSEG revealed on Thursday, with gas flows expected t...

Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for...

The UK government has admitted in court that its approval of the giant Rosebank oilfield off Shetland was unlawful. Government lawyer Chris...

Europe’s benchmark natural gas prices surged on Thursday to the highest since November 2023 as Austria’s OMV warned of a potential halt to R...

Investments in the oil and gas sector in Norway are set to hit a record high this year, due to higher development activity on new projects a...

Global oil demand will rise by 920,000 barrels per day (bpd) this year, the International Energy Agency (IEA) said on Thursday, lifting its...

The oil and gas industry’s mergers and acquisitions continue to expand to Canada, with Ovintiv agreeing to buy assets of Paramount Resources...

Germany’s economy ministry has warned the operators of its LNG import terminals to refuse acceptance of cargoes from Russia until further no...

Saipem has won a $1.9-billion contract from TotalEnergies for engineering, procurement, construction, and installation (EPCI) at the $10.5-b...

Protesters shut down oil distribution valves in response to the kidnapping of a senior intelligence officer, for which they blame the govern...

Exxon will reduce the headcount at Pioneer Natural Resources by some 397 over the next two years, reducing the number of employees by 20%. T...

Earlier in the year, we reported that the offshore oil and gas sector has been witnessing robust growth across the board, with full-year 202...