OilPrice.com

U.S. gasoline demand is resilient despite all-time high prices As of May 16, the nationwide average price of a gallon of regular gasoline was $4.483 Gasoline demand in the United States increased by...

By Robert RapierRussia’s invasion of Ukraine sparked a significant increase in oil prices, and by extension, gasoline prices. As summer nears, refiners are switching over to more expensive...

By Alex KimaniMany energy companies are now focusing on returning value to shareholders. Dividends and share buybacks are increasing across the energy sector. Royalty trusts and MLPs are increasingly...

Greece objects to a proposal to ban EU-vessels from shipping Russian crude oil. The European Commission last week officially proposed a full ban on Russian crude and oil product imports by the end of...

By Tom KoolU.S. Gulf of Mexico sees burst of drilling activity Shale drillers focus on investor returns Heatwave in India sends power demand soaring to unprecedented levels The first week of May could...

Iraq is encouraging the development of several oil fields in its ThiQar province. The Iraqi Drilling Company started work on the first of its 20 oil wells at the Nasiriya oil field, in conjunction...

India is trying to find a balance between the needs of its population and its external affairs with respect to Russia. The United States has vowed to help India diversify its energy imports to support...

By David MesslerThe war in Ukraine has sparked an exodus from Russia, and some of the biggest oil companies in the world are writing down billions of dollars in assets. Big Oil, particularly BP, has...

Last week, Crude oil prices posted their biggest one-week loss in nearly two years thanks to an apparent breakthrough in peace talks between Russia and Ukraine. Front-month WTI crude plunged 12.8% to...

Russia’s demand that Europe pays for gas in rubles has been written off as "unacceptable." European leaders agree that changing the currency of the payments would be a breach of contract. "We...

Yergin: Russia will redirect some oil flows to Asia. Russia is going to be a reduced energy power compared to where it was before. Yergin: Self-sanctioning is a problem for both Russia and...

By Alex KimaniLast year, bankruptcies in the U.S. shale patch hit record levels. Now, dozens of companies have been successfully emerging from Chapter 11 bankruptcy protection, with M&A their...

Secretary-General of the International Energy Forum McMonigle: Oil prices could spike to $150 per barrel. Current IEF projections point to an impact of around 1.5 million barrels per day (bpd) on...

Russian oil exports continue to make their way onto the global market. Buyers in China and India have found ways to circumvent Western sanctions. Russia continues to make a large profit per barrel,...

Russian oil exports fell last week, with average shipments of around 3.63 million barrels per day. Bloomberg: Russia’s oil production was basically unchanged in the week Mar. 17 through Mar....

Some of the world’s biggest oil traders expect oil prices to exceed $200 per barrel by the end of the year, the Financial Times reported, citing opinions shared at its Commodity Global Summit...