Iran has seized a second oil tanker in the Gulf in just one week, according to the US Navy. This marks the latest escalation in a string of seizures and attacks on commercial vessels in […]

Oil depots in Russia and Ukraine caught fire on Wednesday as the two nations intensified their drone war against infrastructure ahead of Ukraine’s planned counteroffensive against Russia’s invasion. The drone strikes caused a fuel depot […]

Oil prices continued to drop in Asian trading on Tuesday due to concerns over weak economic data from China and expectations of an interest rate increase in the United States. Brent crude fell by 0.3% […]

BP reported strong financial results in the first quarter of 2023, with a profit of $5 billion. This is up from the previous quarter, due to excellent oil and gas trading and a reduction in […]

The US government is reportedly considering postponing a decision on granting electric vehicle (EV) manufacturers tradable credits under the Renewable Fuel Standard (RFS), amid concerns about potential legal challenges to the plan. The move would […]

Russia’s state-controlled gas giant, Gazprom, has temporarily halted gas exports to Armenia for scheduled maintenance on a major gas pipeline. The suspension, which started on May 1 and will last for four days, is being […]

In recent news, oil prices experienced a sharp decline of over a dollar per barrel due to weak economic data from China and the anticipation of another U.S. interest rate hike. These factors overshadowed the […]

US Gulf of Mexico, the country’s primary offshore source of oil, is quickly becoming a contested ground for oil, carbon sequestration, and renewable energy, say analysts. Oil and gas output in the Gulf is expected […]

Sony Group Corp’s (6758.T) has reported record operating profits for the year ended March 2023, which was largely driven by its music and microchip units. Despite this success, Sony’s annual profit outlook for the current […]

Oil Prices Show Signs of Recovery After Recent Declines Due to US Recession Fears and Increased Russian Exports In recent trading, oil prices have started to climb again, following heavy losses over the past two […]