Economic uncertainty means the "sensible and only course of action" for Opec-plus is to stick to the production cut agreed last October, says Saudi Energy Minister Prince Abdulaziz bin Salman.

China's apparent oil demand has topped 16 million b/d, just a month after breaking through the 15 million b/d mark.

One direct consequence of Russia's attack on Ukraine has been skyrocketing oil prices. During past energy shocks, the US had reliable allies in the Gulf to h...

Pioneer Natural Resources CEO Scott Sheffield has watched the boom-and-bust cycles of the oil industry for decades. When he saw that the coronavirus…

Saudi Arabia's energy minister has said recently agreed production cuts and upcoming purchases of oil for strategic stockpiles could take almost 20…

Saudi Aramco has been in talks with Royal Dutch Shell over a potential LNG import deal since the start of the year, sources familiar with the matter told…

North Dakota regulators have confirmed reports that Continental Resources, the state’s top oil producer, has shut in nearly all of its Bakken production…

Prince Abdulaziz bin Salman sees potential for further turbulence in oil markets.

"Black April" will go down as the worst month in the history of the oil industry and 2020 as its worst year, International Energy Agency (IEA) Chief Fatih…

Lower shipments via the Druzhba pipeline to Europe will hit Russian crude oil exports in the first quarter of 2023.

Russian oil companies are united in their decision not to export their barrels under any price cap.

Saudi Arabia is scrambling to get back on its feet as quickly as possible after strikes against crucial infrastructure over the weekend knocked out more…

Saudi Aramco can sustain oil production at maximum capacity of 12 million barrels per day without any additional spending for one year. And even beyond…

The growing momentum for some sort of agreement among major oil producers to reduce the world’s massive oversupply hinges on cooperation from countries…

Saudi Aramco has launched a plan to expand the capacity of its strategic East-West crude oil pipeline, which bypasses the Strait of Hormuz. The plan would…

Hydrogen is a hot topic, but a viable hydrogen industry will take time to develop, says Shell CEO Ben van Beurden.

Oil prices could surge to $120/bbl if there is a prolonged conflict that disrupts oil and gas shipping in the region, the Institute of International Finance warns.

Things have gone from bad to worse for an oil market already ravaged by the spread of the coronavirus and its impact on demand as Saudi Arabia launches a price war against Russia following the...

Speculative traders chasing scarce oil storage space to close out expiring paper positions were the main driver behind this week’s historic crash in US…

Energy Intelligence presents 10 new themes we think will define the oil industry in 2022.

Diamondback's latest Permian acquisition is a reminder that consolidation is expected to continue in the US shale sector.

Opec-plus members must remain committed to their production cuts pact, despite signs that oil demand is starting to recover from the slump triggered by…

Decision comes amid a tight oil market and renewed political negotiations between the Maduro government and the Venezuelan opposition.

Sentiment in oil markets has improved slightly as demand picks up throughout the world despite a growing number of COVID-19 cases in the U.S., India and Brazil

Canada is unable to meet Europe's energy requests in time, Alberta’s energy minister Sonya Savage told Energy Intelligence.

Even a coordinated production cut of 10 million barrels of oil per day is unlikely to balance oil markets crashing under the strain of a drop in demand…

Russia and China have signed a new 10 Bcm/yr gas contract and extended an existing 200,000 b/d oil supply deal.

When it comes to oil market management, the US is trying to have it both ways.

Western uranium converters and enrichers are waiting for clear customer commitments before planning for new capacity expansions.

Russia could support an extension of the current Opec-plus pact beyond 2022 as an effective mechanism for market stability.

The Opec Secretariat in Vienna has sent out revised oil market projections to member states that show dire consequences unless they agree to collaborate…

Saudi Arabia plans to quadruple the volume of oil that it allocates to petrochemicals production to 4 million b/d by 2030.

New sanctions targeting entities involved in Russia's Arctic LNG 2 add stumbling blocks for a project already beset by delays and cost overruns due to previous US action.

Recent price swings have seemed to take their direction from the financial oil market, where risk capital is running for the exits.

If Russian gas stopped flowing to Europe, could it be replaced? The short answer: Possible, but that would depend how long any disruption lasted and how much gas was affected.

Brent's move to $80 and narrower discounts for Russian crude will present the first serious test for the G7 price cap.