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Oil Price

Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar

Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.

Crude Oil

Opec to Attend Iraq Energy Forum in June

Opec said it will participate in the sixth Iraq Energy Forum in Baghdad from June 18-20.

Oil Price

Equinor Sells Stakes in 2 Norway Fields to Sval Energi

Norwegian oil major Equinor said on Tuesday it had agreed to sell its 7.6% stake in Norway's giant Ekofisk field as well as a 19% stake in the Martin Linge fiel…

Crude Oil

Oil Slips as Investors Eye EU Vote on Russian Oil Ban

Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supp…

Oil Price

U.S. Shale Swings From Losses to Record Cash Flows

U.S. shale focuses on returning capital to shareholders in 2022.

Carbon Emissions

Carbon Capture Challenges are Not Deterring Investor at Bill Gates’ Firm

In the United States, there is a voluntary market for companies to pay to capture their carbon, but there is not any government regulation or a federally mandat…

Oil Price

Why Shale May Not Stage a Comeback Despite Higher Oil Prices

Inflation, supply bottlenecks and a shortage of equipment and personnel have affected the exploration and production cycle.

Natural Gas

U.S. Natural Gas Prices Could Soon Hit $10

Warmer than usual spring weather and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices to abov…

Oil Price

Oil Rises, Defying Stock Market Falls as Supply Concerns Persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …

Natural Gas

Why are U.S. Natural Gas Prices Soaring?

U.S. natural gas prices are surging, with the benchmark futures contract rising to a 13-year high of $8.74 per million British thermal units, at a time when tha…

Energy Transition

Sky-High Prices ‘Could Speed up Energy Transition’

Governments need to take more measures to address the energy crisis, new survey finds.

Oil & Gas Trade

Shell’s Profit Soars on Higher Oil and Gas Prices

Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…

Oil Price

OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally

OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions.

Oil Price

Shell Posts Record Profit on High Energy Prices and Trading Boost

Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…

Coal Price

China State Planner Sets out Irregular Price-Pushing Behaviours for Coal

China's state planner warned domestic thermal coal producers and traders on Saturday not to hoard stock or engage in a list of other practices that it said amou…