Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
After charging to $80 per barrel on Tuesday, oil prices fell back on news of inventory builds and extra supply, and now markets are nervously…
Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the…
So it seems that the unofficial rule of thumb is that if the U.S. financial regulators have a slow month, they just slap Wells Fargo…
A storm developing in the southwestern Gulf of Mexico could become the next hurricane to wreak havoc on Gulf Coast oil facilities. Per a report…
Hopes and positive expectations for larger vehicle inventories and lower prices for this summer are now dimming as a prolonged semiconductor chip shortage has caused…
With fundamentals largely remaining the same as they were last week, oil prices nevertheless are poised to post sizable gains, with global benchmark Brent trading…
As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish…
The pandemic very likely hit the downstream oil even more severely than exploration and production and led to longer suffering. But now, things are finally…
Iranian media report that an explosion that started at a pump house in the country’s southwest tore through oil and gas pipelines, killing three people…
There was some unexpected 11th-hour drama in the OPEC+ meeting, with the members deciding to delay a decision due to disagreements between some nations.Friday, July…
The ride-sharing race is heating up as Chinese major ride-sharing company Didi, also known as the “Uber of China” and an actual Uber partner, debuted…
The UK is bringing forward its target to end coal use in electricity generation by one year, to October 2024 as part of its aim…
Nigeria’s Senate is expected to see on Tuesday the presentation of the country’s petroleum industry bill, a new regulation on the oil industry that has…
A key oilfield near a U.S. military base in Syria’s Deir Ezzor region came under rocket attack on Monday, hours after the U.S. military said…
The Shanghai International Energy Exchange (INE) launched on Monday a crude oil options contract open to foreign traders as part of a plan to boost…
The biggest oil and gas corporations must do more to reduce their emissions from assets in Africa, with moves to address gas flaring and to…
The U.S. Supreme Court has tossed the appeal of five international oil giants to have the lawsuits against them filed by San Francisco and Oakland…
Wall Street stocks and most financial markets have simply shrugged off news that inflation levels have accelerated to the fastest pace in more than decade.…
Oil prices climbed on Friday as the IEA boosted optimism about global oil demand recovery.Friday, June 11th, 2021Oil prices showed modest gains on Friday, after…
Iraq is in the process of developing a US$40-billion plan to build nuclear reactors as OPEC’s second-largest producer looks to end continual power outages amid…