The U.S. ambassador to Tripoli, Richard Norland, warned Wednesday the rival protagonists in Libya against using oil "as a weapon" in their political squabbles that have largely paralyzed the oil industry since April. "The United States continues to support the vast majority of Libyans who want elections and demand that the...
In Norway, Equinor ships crude oil from the Johan Sverdrup field in the North Sea to Europe. Usually, the company...
In the United States, Canadian heavy crude oil is increasingly flowing to the Gulf Coast. However, these barrels, re-exported, compete...
US energy company Schlumberger has said it will not bid for oil and gas tenders in Iraqi Kurdistan. The company...
Following a phone call with Sheikh Mohammed bin Zayed Al Nahyan (MBZ), Emmanuel Macron met with Joe Biden on the...
Cash-strapped Sri Lanka announced on Tuesday it would open its oil market to foreign competition, a day after a temporary...
The United Arab Emirates' oil production is approaching the ceiling decided by the Opep+. This announcement comes two weeks before...
France called on Monday for oil-producing countries to increase their production "in an exceptional manner" and pleaded for a "diversification...
SOMO, the Iraqi state-owned company, is redefining its strategy. Its managing director, Alla al-Yasri, says the company is considering signing...
France called on Monday for oil-producing countries to increase their production in an "exceptional manner". She pleaded for a "diversification...
Ukrainian President Volodymyr Zelensky asked the G7 on Monday to strengthen sanctions against Russia "by limiting the price of oil"...
Kuwait is expected to issue a royal decree dissolving parliament in the coming months. This announcement follows the resignation of...
Oil prices continued to fall on Thursday, weighed down by fears of recession amid soaring inflation, while gas continued to...
Bahrain could set up a trading unit for its oil products to increase exports. The country is in the process...
In Iraq, Basrah is facing strong competition in the current business cycle. It should be noted that the oil market...
Namibia's Ministry of Mines and Energy has granted an extension to Sintana Energy regarding oil drilling on its lands. More...
The controversial Trans Mountain pipeline system in western Canada will not be cost-effective for the Canadian government, according to a...
Nigeria and Angola are unlikely to meet their OPEC production quotas. The IEA underlines the difficulties encountered by these countries,...
South Korea is reducing its crude oil imports from Russia. Asia's third largest crude importer received a single Aframax shipment...
The Deputy Prime Minister of Iraq, Ali Allawi, was speaking on the sidelines of the Iraqi Energy Forum in Baghdad....
President Joe Biden is calling on refineries to increase production capacity. This will increase the supply of gasoline and diesel....
Mr. Gardner is CEO of FPS and president of the olefin and polymer business of infos in the UK. He...
Since the Russian invasion of Ukraine, the international community has been experiencing a supply crisis in the oil market. International...
Oil prices fell Friday by some 5%, carried away by fears of recession and disappointing indicators in the United States,...
Shares in Brazil's state-owned oil company Petrobras plunged more than 6% at the close Friday on the São Paulo Stock...
According to sources, Saudi Aramco plans to merge two energy trading units. Thus Aramco Trading Co (ATC) is expected to...
Russia could continue to cooperate under the OPEC+ oil production agreement beyond 2022. That's what Alexander Novak, Russia's deputy prime...
Oil prices were recovering on Friday, while gas prices continued to soar, galvanized by Russian giant Gazprom's supply cuts to...
Fuel prices at the pump hit new records on Thursday in Morocco, sparking anger from unions and calls for the...
Gas prices continued to soar on Thursday, galvanized by a sharp reduction in supply from Russia, while oil continued to...
According to Mexican President Andres Manuel Lopez Obrador, the new Pemex refinery could reach full production capacity by 2023. However,...
Oil prices were down on Thursday following the U.S. central bank's announcement of the largest rate hike since 1994. As...
Buyer interest in this Montana refinery is only growing. While it is the smallest oil refinery of Exxon Mobil Corp....
Commercial crude oil reserves in the United States increased last week, according to figures released on Wednesday by the EIA,...
In Bahrain, Mohammed bin Mubarak bin Dainah becomes the new Minister of Oil and Environment. Before his appointment, he was...
Oil prices slid Wednesday ahead of a highly anticipated monetary policy decision by the Federal Reserve (Fed), weighed down by...
Oil prices slid on Wednesday ahead of a much-anticipated Federal Reserve (Fed) monetary policy decision and the state of U.S....
Oil prices rose Monday in a volatile trading session. Global supply shortages outweighed fears of demand pressure due to a...
India, by increasing its imports of Russian oil, erects the Federation as the second supplier of the country. Last May,...
The Libyan terminal of Es Sider closed on the morning of June 10, after protests began on Thursday. The closure...
Record-high prices at the pump in the United States are not only driving up bills for motorists, but also impacting...
Sri Lanka, hit by the worst economic crisis in its history, announced on Sunday that it would impose weekly fuel...
OPEC+'s decision to open the floodgates to meet demand is reassuring Asian markets. OPEC member countries will increase supply to...
Brazilian oil flows to Chinese refineries are at zero for the month of May. This is a first since January...
Litasco is the trading arm of Russia's second largest oil company Lukoil. In short, it plans to move its commercial...
Toril Bosoni, Director of the IEA's Oil Market Division, spoke with S&P Commodity Insight at the S&P Global Executive Petroleum...
In a statement, the EU sanctioned Russian oil. The institution prohibited operators in the region from providing and financing maritime...
The European Union announced its embargo on Russian oil last week. It says it would stop imports of 90% of...
Oil prices wavered between gains and losses on Thursday, weighed down by an expected new lockdown in Shanghai, China's economic...
U.S. commercial crude oil inventories posted a surprise increase last week, a deceptive move that was put into perspective by...
The American EIG is in discussion with Repsol. The discussions are about a possible takeover of part of the Spanish...
