Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
The world's energy landscape has been shaped by the vast reserves of petroleum hidden beneath its surface. These massive oil fields, often spanning hundreds of…
Guyana expects to receive the development plan for Exxon’s seventh oil project offshore the South American country early next year, Natural Rsources Minister Vickram Bharrat…
After shedding gains on Wednesday following a U.S. crude inventory build and the Biden administration’s suggestion that a Gaza ceasefire deal could halt an Iranian…
After an optimistic start to the summer that sent jet fuel demand soaring, analysts now caution that global jet fuel demand is set for a…
Oil prices are under pressure from continued demand concerns but geopolitical risks and the recent rally from last week's crash means Brent is still sitting…
The Energy Information Administration (EIA) reported on Monday that publicly traded oil and gas companies saw an increase in proved reserves for last year of…
Heading for the fourth consecutive days of gains, oil prices continued to trade up on Monday, with the U.S. crude benchmark gaining well over 2%…
Oil prices are slowly but surely recovering after four consecutive weeks of declines, with Brent nearing $80 as geopolitical risk and demand optimism boost bullish…
Libya’s National Oil Corporation (NOC) has declared force majeure at the Sharara oilfield, after protests halted production at the country’s largest field earlier this week. …
As the world moves towards a net-zero carbon future, the oil and gas industry is facing a critical juncture. On one hand, there is a…
Natural gas futures surged 4.38% on August 7, 2024, shaking off the recent bearish sentiment that had been weighing on prices. This unexpected rally raises…
As consolidation in the American shale patch continues, Bloomberg has cited unnamed sources as saying that Franklin Mountain Energy is gearing up to be the…
Oil prices have gained 2% in today's trading session, primarily driven by escalating geopolitical tensions in the Middle East and compounding supply concerns. The surge…
The global financial landscape is undergoing a subtle yet significant transformation. At the heart of this change is the concept of "de-dollarization" – the gradual…
The world is rapidly transitioning towards renewable energy sources in order to reduce carbon emissions and combat climate change. And one of the most promising…
The biggest European car market, Germany, saw the sales of electric vehicles plummet by 36.8% in July from a year earlier, as EV sales are…
Natural gas is a fossil fuel that has been used for centuries to power homes, businesses, and industries. It is a clean-burning fuel that emits fewer…
Oil prices were dropping on Friday morning as traders returned to focus on demand concerns in the light of no immediate escalation in the Middle…
Oil prices continued to fall on Tuesday morning, ignoring the rising geopolitical risk in the Middle East and the potential of a supply disruption in…
It's been a volatile week in oil markets as concerns over Chinese demand pressured prices despite a decline in U.S. crude inventories and wildfires in Canada.Friday,…