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Oil Price

Saudi Arabia Raises Oil Prices As Demand Recovers

Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand recove…

Oil Price

Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse

Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…

Oil Shale

Top US Shale Producer Sees Oil Price Recovery Continuing

Pioneer natural resources, a U.S. shale oil producer, expects prices to return to at least $45 a barrel this year.

Hydrogen Project

Douglas County PUD Moves forward with Plans for Green Hydrogen

Douglas County Public Utility District (Douglas County PUD) is pushing ahead with plans to provide green hydrogen for Washington State at an attractive price as…

Oil Price

In a Gloomy Oil Market, India's Pump Prices Echo $100-Plus Crude

Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago.

Crude Oil

Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd

U.S. oil production could decline this year by 2 million bpd-3 million bpd, due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister…

Hydrogen and Nanomaterials May Transform Energy Industry

Hydrogen as a zero-carbon energy carrier has the potential to fundamentally transform the global energy landscape—but the production must benefit the environme…

Crude Oil

Numaligarh Refinery to Import 21TMT of Crude Oil from Petronas Malaysia

NRL will take advantage of the collapse in oil prices to import 21 tonnes of crude from petronas.

Oil Price

Oil Prices Fall as Rising U.S. Inventories Reassert Supply Concerns

Oil prices fell Wednesday, ending a multi-day rally.

Oil Price

Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer

​Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t…

Energy Storage Battery

Tesla Applies for UK Electricity Licence in Potential Big Battery Power Play

While Elon Musk was Tweeting his frank opinion of Tesla’s stock price (and sending it tumbling) over the weekend, news also emerged that the company he co-foun…

Oil Shale

Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles

​Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global …

Crude Oil

Oil Rises Further Above US$26 as Opec+ Begins Record Cuts

Oil rose further above US$26 a barrel on Friday as Opec and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that…

Oil Price

Canada’s Oil Patch Struggles To Survive The Worst Recession Ever

Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture o…

Oil Price

Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout

​U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…