Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
The day rate for chartering a very large crude carrier (VLCC) topped $100,000 this week, with average time charter rates now at their highest in…
Oil prices were flat on Friday morning as fears of an economic slowdown were countered by a decline in OPEC+ production and news that China…
Record power generation from solar and wind helped the European Union save $10.75 billion (11 billion euros) on natural gas imports since the Russian invasion…
The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact,…
Multiple OPEC+ producers defended the group’s decision to reduce production in November in a wave of statements on Sunday and Monday, in what looked like…
It's been a week of mixed signals for oil markets, with a huge crude inventory build being partially offset by a diesel draw, and supply…
The U.S. should set a price cap on U.S. LNG going to Europe, as American gas is being delivered to Europe at prices four times…
On Thursday, France started sending natural gas directly to Germany in an attempt to alleviate the energy crisis in Europe’s biggest economy, which used to…
U.S. President Joe Biden is re-evaluating the United States’ relationship with OPEC’s de facto leader Saudi Arabia after the Kingdom led the OPEC+ group to…
The OPEC+ group’s crude oil production rose in September to the highest level since the Saudi-Russia price war of April 2020, but producers in the…
Nigeria, Morocco, and their partners expect to make a final investment decision next year on what would be the world’s longest offshore gas pipeline from…
The current energy crisis cannot be left to the roiled market to sort itself out and will need smart government intervention by taxing the wealthier…
Yemen's Houthis have warned oil companies operating in Saudi Arabia and the United Arab Emirates (UAE) to pack up and leave as the warring sides…
The European Union could reach an agreement to back a price cap on Russian oil and more sanctions against Russia as soon as Monday, the…
Despite the devastation caused by Hurricane Ian, oil markets have been relatively unaffected by hurricane season this year. The next real catalyst for oil prices,…
The global liquefied natural gas market could be even tighter next year compared to already tight LNG markets in 2022, Fatih Birol, Executive Director of…
Strikes at several refineries across France have left half of its refineries offline or without sending out fuels, as refinery workers stepped up industrial actions…
Germany looks to cap the prices of electricity and natural gas to help households and businesses reel from the soaring energy prices, The Wall Street…
A gas pipeline run by Mexico's state-owned oil firm Pemex exploded in the Mexican state of Tabasco late on Tuesday, causing a fire and leading…
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday. Gas storage…