For the last century, the biggest, most powerful companies in the global energy market have been oil and gas producers. Slowly, though, the global race to avert climate change has been upset... Read more
It is “striking” that Iraq has made strong negative comments about OPEC+ production quotas ahead of the alliance’s meeting this week, one oil watcher said. The group is expected to consider... Read more
OPEC on Wednesday trimmed its global oil demand forecasts for the remainder of this year and 2021, citing a weaker-than-expected economic outlook and a surge in coronavirus cases. In a close... Read more
Only 10% of global energy utility companies are expanding their renewable energy capacity at a faster rate than their gas or coal-fired capacity. That is the main finding of a study by Galin... Read more
The coronavirus pandemic has created a supply and demand crisis for oil and gas worldwide as lockdown restrictions continue to mount. The demand for oil has reduced by 23 million barrels per... Read more
Oil prices drifted lower on Thursday as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand. U.S. West Texas Intermediate (W... Read more
Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas p... Read more
French oil company Total is expected to specify within six weeks the location of the well to be drilled by its subcontractors in Block 9 of Lebanon’s waters, Wissam Chbat, board member... Read more
Qatar’s Minister of State for Energy Affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi Arabia... Read more
The U.S. Administration is holding this week an oil and gas lease sale in New Mexico while American producers curtail production in response to low oil prices and environmentalists and indig... Read more
