The oil market has shifted from concerns of a surplus to fears of a deficit due to factors such as sanctions and increased demand. The IEA and EIA have consistently underestimated the balance between ...

DUBAI — After nearly three decades of global climate negotiations that avoided specifically targeting the main cause of climate change — the burning of coal, oil, and natural gas — diplomats on ...

In an op-ed for the Middle East Economic Survey last week, OPEC Secretary General Haitham Al Ghais called on those predicting the end of oil to take it a bit easier because these predictions could be ...

If you liked this story, share it with other people. Figure 1. Map of oil and gas extraction in the Brazilian Amazon. There are 52 blocks already contracted (gray), 307 under study (orange) and 92 ...

US President Donald Trump has claimed that the war in Ukraine could be brought to an end by a fall in the price of oil. Speaking via video link at the World Economic Forum in Davos on Thursday, Trump ...

Venezuelan oil production could rise by up to 400,000 barrels per day, taking output to 1.2 million bpd by the end of 2026, ...

With the news that the US has invaded a country for oil, we are reminded that EVs will remove motivations for this type of conflict.

State policies favoring clean-energy have oil companies fuming Exxon, Chevron each to take about $2.5 billion in impairments Jan 29 (Reuters) - It is the end of an era for Big Oil in California, as ...

Tectonic plates are starting to shift in the energy world. China has cornered the most relevant alternative energy industries like wind, solar, EVs and batteries. This is having a profound effect on ...

Dec 6 (Reuters) - There is plenty of hand-wringing on display at the COP28 climate conference in Dubai about the slow pace of reducing the consumption of fossil fuels to fight climate change. But one ...

1P and 2P reserves of 67.1 million barrels of oil ("mmbbls") and 113.7 mmbbls, respectively; Replaced 293% and 208% of 1P and 2P reserves, respectively; PDP reserve value per share increased 68% ...

World oil production is about to reach a peak and go into its final decline. For years, a handful of petroleum geologists, including me, have been predicting peak oil before 2007, but in an era of ...