Energy investors are contending with two conflicting forces this month, according to a market analysis published by OilPrice.com. Renewed tension in the Strait of Hormuz has driven crude sharply higher, while expectations of a hawkish US Federal Reserve are keeping…
Russia's largest Black Sea oil export terminal has effectively gone offline just days after drone attacks shut down the neighboring Caspian Pipeline Consortium terminal, tightening another artery that moves crude onto the global market.
OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year.
China National Offshore Oil Corporation (CNOOC) has deployed what it describes as the world's first 16-megawatt tension-leg platform (TLP) floating offshore wind turbine, which set sail from Zhuhai in Guangdong Province at the end of June bound for the Lufeng…
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 587, up 45…
President Donald Trump revealed on Monday that sales of Venezuela’s oil by his administration have generated more than $13 billion since the capture of former President Nicolás Maduro on January 3, claiming that the revenue has effectively “paid for that…
