Charles is a writer for Oilprice.com
A new innovation center in Norway aims to find alternative and cost-efficient solutions aimed at reducing the huge US$100 billion decommissioning cost that the North…
Mexico’s state oil firm Pemex is asking some of its contractors if they would agree to be paid for their services next year, people familiar…
Anglo-Dutch oil major Shell is not ruling out the possibility of moving its headquarters to the UK, the group's chief executive Ben van Beurden told…
Libya is set to export even less crude oil in July than it did in June, while its state oil firm continues negotiations to end…
We are now at a crossroads in Libya where a military solution is temporarily off the table, as factions and their external allies wrangle over…
The Houthi rebels in Yemen claim they have sent a team to repair an oil tanker full of 1 million barrels of oil sitting off the Yemeni…
Gulf economies will experience a combined contraction of 7.6 percent this year because of the oil price crash, a senior IMF official has forecast. This…
ExxonMobil may be set for its second consecutive loss in Q2 as the oil price collapse and weak refining margins will hit both the upstream…
The huge volumes of oil held at sea have started to shrink and are expected to continue declining into the second half of this year,…
The Port of Fujairah in the United Arab Emirates (UAE), one of the main oil storage and export hubs in the Middle East, is set…
ConocoPhillips expects to start bringing back in July part of the oil production it had curtailed in the second quarter in response to the low…
Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic…
Saudi Arabia’s Crown Prince Mohammed and the president of Nigeria Muhammadu Buhari, discussed the progress of the OPEC+ oil production cut deal this week in…
South Korea’s largest electric utility, state-controlled Korea Electric Power Corporation (KEPCO), has decided to buy a minority stake in a coal project in Indonesia despite…
OPEC further restricted its oil production in June compared to May as it aims to withhold a record volume of supply from the market together…
The United States held a record-high level of commercial crude oil inventories as of the week to June 19 following the collapse in demand in…
European refiners are shunning Russia’s flagship crude grade Urals, which is now more expensive than Brent Crude after Russia cut its exports as part of…
As China imported its highest-ever volume of crude oil in May, its imports from the world’s top oil exporter, Saudi Arabia, nearly doubled to the…
The Alberta government has extended until October an investigation into whether foreign groups are funding anti-oil protests in Canada, the Canadian Press reports, citing Energy Minister…
Russian state-controlled cybersecurity company Concern Avtomatika JSC is selling systems capable of disabling drones that target oil facilities—technology that has become sought-after in Russia and…