Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
New Mexico regulators have fined a Texas-based oil and gas company with more than $40 million for violating emissions standards and air quality rules. The…
A significant decline in U.S. oil inventories provided a firm floor for oil prices this week, but economic concerns are capping any significant rise.Oilprice Alert: Whether…
Oil prices fell on Tuesday morning as markets continued to focus on sluggish U.S. demand despite geopolitical uncertainty in Russia and promises of more robust…
Macro-economic headwinds continue to plague the oil markets, and central bank action this week has turned the sentiment decidedly bearish.Friday, June 23rd, 2023The reign of…
Oil prices fell on Tuesday morning as uncertainty around Chinese oil demand continues to grow - particularly in the near-term.Chart of the Week- Chinese refiners…
Oil markets got some rare good news out of China this week, with Beijing loosening monetary policy and issuing new import quotas for refiners, boosting…
A severe cyclone off India’s western coast has suspended oil product exports from one port and halted operations at offshore oil platforms and other ports…
Nigeria’s revenues from LNG exports declined in the first quarter of 2023 to the lowest in five quarters, due to security challenges and declining associated…
Uncertainty remains rife within oil markets after production cuts from Saudi Arabia were countered by economic concerns in the U.S., China, and Europe. Rumors that…
Electric vehicle sales are soaring, displacing larger volumes of transportation-derived fuel demand, which could peak as early as 2027, research firm BloombergNEF said in its…
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…