Victor Adetimilehin

Oil prices remained steady on Monday as the United States announced plans to buy up to 3 million barrels of crude for its Strategic Petroleum Reserve (SPR) in March 2024. …

Oil prices recovered some ground on Friday after a seven-week losing streak, as Saudi Arabia and Russia, the world’s two biggest oil exporters, called for more OPEC+ members to join …

Chevron Corp, one of the world’s largest oil and gas companies, announced on Wednesday that it expects to spend between $18.5 billion and $19.5 billion on new projects in 2024, …

The global demand for clean energy has led to a surge in offshore wind farm developments. However, many of these projects faced the risk of cancellation due to rising costs …

The latest decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to reduce oil output by an additional one million barrels per day …

Environment Minister Barbara Creecy urges developing nations to make sure energy security and jobs are prioritized in any arrangement

Elliott Management, one of the world’s largest activist hedge funds, has acquired a $1 billion stake in Phillips 66, the US oil refiner and pipeline operator, and is urging the …

Italian energy company Eni secures a major win in a $600 million arbitration against Uniper over an LNG supply agreement, spotlighting the intricate challenges and high stakes in global energy …

Grееnpеacе criticizеs major oil and gas companiеs for using inadеquatе carbon offsеts to labеl thеir LNG as ‘carbon nеutral,’ calling it mislеading.

Oil Markеt Rеacts to OPEC+ Mееting Postponеmеnt Thе global oil markеt еxpеriеncеd a noticеablе dip, with pricеs falling about 1% on Thursday. This downturn is attributеd to thе anticipation that …