If you missed the big story of this week I wouldn't blame you. It's a big story, bigger than riots in D.C. Russia became the de facto controller of the marginal barrel of oil.
Tehran has confirmed that on Monday it detained the MT Hankuk Chemi tanker for what official statements called "oil pollution" - a common excuse Iranian officials often given when they take such action.
How today's energy problem is different from peak oil
Ads promoting "green" and "clean" hydrogen are misleading the public -- and the European Commission -- about the industry plans for fossil-fuel based hydrogen.
Economic sanctions have cut Iran's oil production in half and dropped oil exports to less than 20% of normal. Iran's oil production is currently below 2 million barrels per day and Iran has about 300,000 barrels per day of oil exports.
...While Pretending to Address Plastics Crisis. Coca-Cola, PepsiCo and Nestlé, ranked world's worst plastic producers, continue to pump out single-use plastic packaging while investing in "false solutions," new report says.
Continuing optimism about a possible oil market recovery in H1 2021 is largely based on the wishful thinking of OPEC leaders, such as Saudi Arabia, and an irrational view on the positive effects of COVID vaccines on the global economy.
It appears both Iran and Venezuela are ready and willing to test the outgoing Trump administration in a major gambit to skirt sanctions in a crude and fuel export scheme.
Venezuela has one active oil rig according to the Baker Hughes international oil rig report. Venezuela is producing 367,000 barrels of oil per day.
Despite having staged a solid rebound from cyclical lows hit just a few weeks ago, as its stock surged by almost a third on the back of a dramatic jump in the price of oil, oil giant Exxon is turning increasingly pessimistic on the future of oil pric
Arab Gulf oil producers are losing billions of U.S. dollars from oil revenues this year due to the pandemic that crippled oil demand and oil prices. Because of predominantly oil-dependent government incomes, budget deficits across the region are soar
On Thursday morning, Tropical Storm Eta made landfall over North Florida and has become the 12th named storm to make landfall out of a record-breaking year of 29 named storms.
In 1956, though, a geologist working for the Shell oil company published a report which showed, among other things, that the process of discovering, drilling and extracting an oil deposit took approximately four decades. It followed that if we calcul
Gas prices have hit a new milestone that is sure to save you money.
In the 1970s, the developed states were shaken by oil shortages. Although largely artificial – the result of OPEC flexing its muscles, and later the Iran-Iraq war – the oil shocks briefly caused people to take seriously the prospect of running o