News
Crude Tanker Hauling Russian Oil Sits for Days off UAE's Coast
An oil tanker hauling a cargo of Russian crude has been sitting off the coast of the United Arab Emirates for three days, raising the prospect that the gulf state might become customer for Moscow.
Biden Administration Misses Major Oil Lease Deadline
The Biden administration did not give an explanation after it missed its own deadline to plan future oil and gas lease sales Thursday.
Windfall Tax: How the North Sea is Churning Out Cash for Oil and Gas Barons
Bumper shareholder payouts, soaring profits, booming asset valuations: the oil and gas industry has bounced back from the depths of the pandemic with a vengeance.
Senate Democrats Urge Biden to Consider Tapping Emergency Oil Reserves or Even Ban Oil Exports to Combat High Gas Prices
Nearly a dozen Senate Democrats called on President Joe Biden on Monday to fight high gas prices by considering a release of barrels from the nation's emergency oil stockpile, or even taking the more extreme step of banning oil exports.
Falling U.S. Crude Supply Begins to Impact Global Oil Prices
The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits on output but rather what is happening at America’s largest oil storage hub in Oklahoma.
Oil Prices Jump on Stock Market Rebound, FDA Vaccine Approval
Oil in New York surged by the most since April amid a broader market rebound after the longest stretch of declines in nearly two years.
OTC Set to Open Monday
The Offshore Technology Conference (OTC) is set to open for the first time since the Covid-19 pandemic began.
Saudi Aramco Sees Highest Quarterly Profit Since 2018
Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices.
USA and Germany End Nord Stream 2 Feud
The U.S. and Germany have completed a deal approving completion of the Nord Stream 2 pipeline, effectively ending a longstanding rift over German gas purchases from Russia, the allies confirmed Wednesday.
Angola's Oil and Gas Industry Continues to Provide Huge Opportunities for Investors, Despite Energy Transition
Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers.