Charles is a writer for Oilprice.com
For the first time in its nearly three-decade history, Norway’s oil fund, the world’s largest sovereign wealth fund, has just exceeded the market value of 18 trillion…
Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to…
Oil and gas supermajor Shell is applying for authorizations to drill ultra-deepwater wells offshore South Africa, looking to expand the recent discoveries off Namibia into…
Energy companies in Texas began restoring operations on Tuesday after some ports were shut and refineries reduced output ahead of hurricane Beryl, which made landfall…
An oil depot in the Volgograd region of Russia is burning following a drone attack by the Ukrainian army. The drones were destroyed by local…
The market share of Saudi Arabian crude in China is set to rebound next month, according to unnamed trade sources cited by Reuters earlier today. Saudi crude…
Italy’s supermajor Eni has announced a new natural gas discovery in the Gulf of Mexico, in the mid-deep waters off the Mexican coast. The discovery contains an…
ExxonMobil expects its upstream earnings to be up to $700 million higher for the second quarter compared to the first quarter of the year, due…
Argentina could be a step closer to start exporting LNG and monetizing its huge resource in the Vaca Muerta shale play after maritime LNG infrastructure…
U.S. gasoline and diesel prices are set for a more volatile summer this year as an expected busier-than-usual hurricane season and extremely high temperatures could…
A company controlled by Mexico’s richest man, Carlos Slim, will invest $1.2 billion in the development of a natural gas field in the Gulf of…
Mohamed Oun said this week he would temporarily stop working as Libya’s Oil Minister, seeking clarification from the prime minister about his job as the role has…
The world’s top crude exporter, Saudi Arabia, shipped the lowest volumes of oil in June for ten months as Saudi domestic consumption grew and Russia…
Iraqi state-run North Oil Company (NOC) has boosted its crude oil production from the Kirkuk governorate to above 360,000 barrels per day (bpd), a company…
China Petroleum and Chemical Corporation, or Sinopec, has said that it struck high oil and gas flows from an exploration well in the South China…
Australia’s east coast could see shortages of natural gas as early as in 2027 unless more supply is made available soon, the Australian Competition and…
Saudi Arabia’s oil giant, Aramco, told Reuters on Thursday that reports it was considering a bid for Australia’s Santos gas producer were inaccurate following widespread publication of…
The airline industry in Europe will have to raise fares to offset the more expensive clean fuels as the sector looks to slash emissions, Luis…
Industry sources told Reuters on Thursday that Nigeria owes gasoline suppliers over $6 billion in outstanding debt, prompting traders to back out of deals with…
China has included a Tesla model for the first time in its list of cars the government and party can use as a service car,…