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US crude oil output rose in July, while petroleum demand declined, EIA saysIn July, US crude oil production climbed to 13.95 million barrels per day, up from June’s figures. Despite the production surge, the demand...- Oil Price Today (September 28): Crude oil gains to $106 as Trump rejects Iran deal. Where are prices headed?Brent crude futures rose $1.65, or 1.50%, to $106 a barrel, while US West Texas Intermediate crude was at $93.40 a barrel, up 99 cents, or ...
- GAIL looks to sell its stake in US shale businessGAIL Global (USA) (GGUI), its wholly owned unit, had floated a tender last February to sell its entire 20% non-operated working interest in...
- White House weighs how to use Defense Production Act to expand US oil refining capacity, sources sayThe White House is exploring using the Defense Production Act to boost oil refining capacity. This consideration follows President Trump's ...
- Oil prices set to end week over $100 for first time in nearly 4 monthsOil prices are inching closer to the $100 mark as shipping routes come under rising attack. The Houthi grip on Yemen's Mocha port poses ris...
- Warren Buffett and IBM: Praying the stock price goes nowhere. The maths explains whyHe is not being clever. He does the arithmetic and shows you exactly how much a falling price would be worth to him. Then he turns on the a...
- In 1969, California witnessed catastrophic oil spill between 3.5 million and 4.2 million gallons of crude into Santa Barbara Channel, leading to rise of modern environmental movement, nearly 6 decades later Donald Trump administration is causing concerns among residents. Here's whyTrump administration, citing a need for energy security and job creation, has already announced plans for new offshore oil leases in Califo...
- In 1920s, a sedimentary basin in Texas was denounced as a 'graveyard'. 100 years later, it generates $100 billion and 800,000 jobs across AmericaWith over 43% of the nation's oil production and billions of dollars in revenue, the Permian Basin in Texas is currently the largest oil-pr...
- Oil prices extend losses on expectations talks to ease Middle East supply woesOil prices have declined as discussions between Iran and Qatar may pave the way for reopening the crucial Strait of Hormuz. This reopening ...
- Australia used concentrated sunlight to split water directly into hydrogen without an electrolyzer; SunHydrogen’s coaster-sized module hit 10.8%, while its 1,200-cm² version reached 9%SunHydrogen and Australia’s Sparc Hydrogen are cutting out traditional electrolyzers to make green hydrogen. By placing semiconductor absor...
- Earlier in 2026, Amogy and 2G Energy tested hydrogen made from ammonia without storing the gas. 3 years later, their South Korea project is planned to scale from 1 MW to 40 MWEarlier in 2026, Amogy and 2G Energy demonstrated a different way of thinking about hydrogen power: instead of storing hydrogen gas in larg...
- Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
- US billionaires are piling millions into Argentina's Shale boom, here’s what is driving itAmerican billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 bil...
- US to announce steps to help refiners produce more fuel, energy chief Wright saysUS Energy Secretary Chris Wright announced steps to increase refinery fuel output soon. High gasoline prices are a concern for President Do...
- Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s whyThe Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its m...
- Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s whyOil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and impo...
- Oil Price Today (August 5): Crude dips for 3rd session amid hopes of a short-term war deal. What's next?Oil prices dipped again on Wednesday following as discussions aimed at reopening the Strait of Hormuz progressed. Traders are keenly watchi...
- US gas prices sink to seven-month low after storage build exceeds forecastU.S. natural gas futures fell to a fresh seven-month low on Wednesday, pressured by a slightly larger-than-expected storage build and forec...
- Storm cuts US oil, gas, power output; prices upSome 1 million barrels of daily refining capacity in the U.S. Gulf Coast was shut due to the bitterly cold temperatures. Affected plants in...
- Oil gains as US production slowly returns after freezeBrent crude was up 76 cents, or 1.2 per cent, at $61.67 a barrel by 0104 GMT, after gaining nearly 1 per cent last week. U.S. oil rose 74 c...
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