Following more than 35 oil…
Oil prices started the week…
Russia’s Deputy Prime Minister believes…
Crude oil inventories in the United rose this week by 5.202 million barrels, the American Petroleum Institute (API) data showed on Wednesday, with analysts expecting a 1.22 million barrel dip.…
The U.S. Bureau of Ocean Energy Management (BOEM) has given the Gulf of Mexico the environmental green light for offshore wind energy development on the outer continental shelf’s…
A Reuters survey on Wednesday shows a drop in OPEC oil output for May following voluntary production cuts by OPEC+ said to help support the market.
A consortium of companies, including mining giant Glencore, is poised to invest $9 billion in the mining and battery-manufacturing sectors in Indonesia, Investment Minister Bahlil Lahadalia said on Wednesday. "The…
In another blow to the only LNG export facility in Europe’s top gas producer, Norway, energy major Equinor on Wednesday shut down the Hammerfest LNG plant due to a gas…
France-based supermajor TotalEnergies plans to build a large-scale plant to produce synthetic natural gas in the United States—a project which will benefit from tax credits in the Inflation Reduction…
Benchmark natural gas prices in Europe fell early on Wednesday as global demand for LNG is subdued, European inventories are higher than usual, and renewable energy output has increased…
Indonesia is set to place caps on exports of liquefied natural gas, adding the commodity to a list of critical raw materials subject to export controls. The purpose of the…
Warren Buffett’s Berkshire Hathaway has bought more shares in Occidental Petroleum, boosting its stake in the company to some 24.9%, MarketWatch has reported, citing a regulatory filing. According to…
Saudi Arabia may reduce the official selling price of its flagship Arab Light grade for Asian buyers further, according to analysts polled by Reuters. The price cut, for July…
Saudi Arabia will begin producing hydrogen fuel next year for buses and trucks, the CEO of Neom Green Hydrogen Company said on Tuesday. Hydrogen production for buses and trucks will…
Tesla CEO Elon Musk made a bold prediction in 2017: "Everything will go fully electric, apart from (ironically) rockets. Ships are the next easiest to solve after cars." Six years later,…
The world's second-largest supplier of lithium, Chile, said it sees the battery metal remaining in tight supply this year and next, before switching to surplus in 2025. Chile's government agency…
The United Arab Emirates (UAE) reportedly expressed concerns about the security situation in the Persian Gulf and asked the United States for a stronger military presence in the area to…
Namibia, where major offshore oil discoveries have been made in recent months, is weighing the possibility of taking minority stakes in miners and oil producers in the African country to…
The largest U.S. nuclear power operator, Constellation Energy, may see a $1-billion major project to produce hydrogen using nuclear energy deferred or abandoned due to still unclear guidance over the…
U.S. gasoline demand over the Memorial Day weekend is estimated to be 1.1% lower than demand for the same weekend last year, despite the surging gas prices at the start…
Europe’s ambitious green energy plans could be held back by a shortage of skilled workers in the renewables industry, which, generally, still pays lower wages than the oil and gas…
OPEC will welcome the return of Iran to the international oil market once the U.S. lifts sanctions from Tehran, the secretary general of the cartel said. "We believe that Iran…
The largest solar manufacturer in the world has reduced the prices of a key component in solar installations by close to a third as production ramps up, threatening to sink…