Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
As Chinese refiners returned from maintenance and built stockpiles, China’s crude oil imports jumped in May to the third-highest level on record, according to official…
India has unveiled an ambitious initiative to provide 37.6 billion rupees ($455.2 million) in subsidies to stimulate the establishment of battery storage projects. The projects, which are…
Shell has recently confirmed its decision to exit the retail energy markets in the UK, Germany, and the Netherlands due to poor returns. This move comes as…
Saudi Arabia's attempt to shock oil markets and push oil prices higher appears to have backfired, with prices falling and Saudi Arabia's market share in…
Oil prices are now a lot more likely to rise after OPEC+ extended the cuts into 2024 and Saudi Arabia announced an additional reduction of…
OPEC+ is not expected to announce a change in oil production policy at the in-person meeting this weekend, OPEC+ delegates told CNBC ahead of the…
Oil prices were up on Friday morning after the U.S. debt ceiling was lifted and the risk of U.S. default was removed from markets. All…
The United Arab Emirates (UAE) reportedly expressed concerns about the security situation in the Persian Gulf and asked the United States for a stronger military…
With the next OPEC+ meeting taking place this Sunday and the U.S. debt ceiling saga set to draw a conclusion around the same time, oil…
Canadian oil and gas producer Crescent Point Energy Corp on Monday said it had brought back online full production volumes at its operations in the…
Oil markets are on edge as the next OPEC+ meeting and the "X date" when the U.S. government may default on its debt loom.Oilprice Alert: Whether you…
The U.S. Department of the Interior is holding on Thursday the first lease sales for oil and gas drilling rights since the Inflation Reduction Act…
UBS is forecasting stronger demand for gasoline year-on-year in the United States this summer, coupled with lower gas prices compared to the same period. The…
Oil prices rose by nearly 2% early on Tuesday after the Saudi energy minister warned short sellers to “watch out” and as seasonal demand for…
Strong demand for oil products is helping to drag oil prices higher, although the risk of a U.S. default and the upcoming OPEC+ meeting are…
China’s coal imports from Australia rose by 75% on the month in April as the country regains its taste for high-quality thermal coal, Bloomberg has…
India’s spot purchases of crude oil from the Middle East have fallen in recent months, as cheaper Russian spot barrels are making their way to…
While it may still be too early to say if sentiment in oil markets has completely shifted, signs that the U.S. will avoid a default and…
Bullish messaging from the IEA and the unexpected launch of U.S. SPR repurchases have bolstered oil prices today, limiting the downside ahead of the next…
Bearish sentiment has continued to build in oil markets this week despite OPEC boosting its outlook for Chinese demand and the Biden administration hinting that…