Latest News

The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude in exchange for?

Jet fuel demand will be the hardest hit fuel sector as the coronavirus outbreak spreads across the world, countries impose travel restrictions, and airlines continue to cancel thousands of flights,?

Alaska, the U.S. state most dependent on taxes and other income from the oil and gas industry, could be in for a severe budgetary headache after the oil price crash?

Surging shale production and growing global demand for light low-sulfur oil helped U.S. crude exports to soar by 45 percent year on year in 2019, reaching an average of 2.98?

The March 18 meeting of the OPEC+ panel monitoring the oil market and producers' compliance with quotas has been canceled, a source in one delegation told Russia's news agency

Employees at U.S. oil supermajors have lost $5 billion in savings since the end of 2018 as more than a third of these savings were in company?

For years now, Russia has been laser-focused on insulating itself from an external economic shock.It may have just sparked one.In an unexpected move on March 6,?

OPEC's second-largest producer, Iraq, has been grappling with street protests for months and the coronavirus outbreak for a few weeks, and now it faces another tough ?test for its finances?the?

Venezuela is in discussions with OPEC and Russia about the current oil price collapse, Nicolas Maduro said on Thursday at a press conference shown on Twitter, according to?Russian news?

Reuters recently reported?on?Tesla's?announcement?that it is in advanced talks to use batteries from China's?Contemporary Amperex Technology Co Ltd (CATL)?that contain no cobalt specifically for use in cars made at Tesla's?