Charles is a writer for Oilprice.com
India’s largest refiner, Reliance, has stopped buying crude oil sourced from Russia and carried on tankers owned by Sovcomflot as the U.S. tightened sanction enforcement.…
After scrapping oil capacity expansion plans earlier this year, Saudi state oil giant Aramco is now poised to boost natural gas output by 60% by…
Suriname’s state-owned Staatsolie has begun early talks with ExxonMobil and French TotalEnergies for the possible joint development of natural gas fields in the Guyana-Suriname basin,…
After rallying significantly earlier this week, oil prices plummeted by around 2% on Wednesday as markets awaited an interest rate policy announcement from the Federal…
Sudan has declared force majeure on crude oil exports from landlocked neighbor South Sudan, following a major rupture in the pipeline carrying crude from South…
China’s imports of fuel oil surged by 21% in January and February compared to the same months in 2023, according to data from the Chinese…
Italy’s power grid operator Terna SpA plans a record-high five-year investment of $18 billion (16.5 billion euros) by 2028 to support and accelerate the country’s…
Williams Companies has no plans to acquire Tellurian although it did consider a bid for the struggling LNG project developer. The statement, as carried by…
U.S. oil and gas exploration and production companies spent as much as $234 billion on mergers and acquisitions (M&A) last year—the highest such spend in…
India is set to import in April its highest oil volumes from the United States in 11 months as the stricter enforcement of the U.S.…
Supermajor TotalEnergies, another French energy giant, Engie, and U.S. Sempra Infrastructure have announced plans to create a global coalition to support the production and use of e-natural…
Exxon should be eligible for IRA incentives for a low-carbon hydrogen project expected to be the largest in the world. If it isn’t, the company…
Ukrainian drone attacks on Russian refineries have taken out as much as 600,000 barrels in daily processing capacity, according to commodity trading major Gunvor. “It…
Enel has decided to hold off the sale of a power distribution company it operates in Argentina, as it expects the country’s new president to…
With gasoline demand rising, U.S. gasoline prices increased last week for a third week in a row, up by 4.4 cents from a week ago to an…
CNOOC Limited has made a major oilfield discovery in the Bohai Sea offshore China, with more than 100 million tons of oil equivalent of in-place…
Norway launched early on Monday local time its debut offshore wind auction, targeting up to 1.5 gigawatts (GW) of power capacity in the North Sea…
China has started the construction of a $3.9-billion electricity transmission and storage project aimed at enhancing the resilience of its grid, which has come to…
Russian President Vladimir Putin early on Monday declared victory in this weekend’s elections after running virtually unopposed, paving the way for him to serve six…
Ukrainian drone attacks on Russian oil refineries have knocked down as much as 370,500 barrels per day (bpd) of Russia’s refining capacity so far into…