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 […]

In a surprise move, OPEC+ members announced a cut in oil production by 1.66 million barrels per day. The announcement sent prices soaring on international markets with Brent crude prices rising to $85.73 on the […]

Nigeria, the largest economy in Africa, is facing a serious energy gap which urgently needs to be addressed due to the country’s rapidly growing population. The government aims to boost electricity access from the current […]