Oil prices retreated on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries. Brent futures fell 77 cents, or 1.18%, to $64.71 a barrel by 0320 GMT, while U.S. West Texas Intermediate crude …

BP expects to post a weak natural gas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations. Reported upstream production in the first quarter is expected to be lower compared to the …

The U.S. Department of the Interior has revised upwards the oil and gas reserves contained in the U.S. section of the Gulf of Mexico, which the Trump administration renamed the Gulf of America. According to an analysis done by the Bureau of Ocean Energy Management, the U.S. Outer Continental Shelf …

Global electricity demand from data centres is set to double between now and the end of the decade, to 945 terawatt-hours (TWh), a new report by the IEA has found. The IEA‘s Energy and AI report found that by 2030, data centres around the world will use more electricity that …

Equinor advised analysts on Wednesday to expect weak liquids and LNG trading results for the first quarter of the year, as its Marketing, Midstream & Processing (MMP) division is also set to incur a hit of about $100 million of costs of drilling of carbon capture and storage (CCS) appraisal …

Despite a relatively stable short-term pipeline of U.S. wind power projects under construction, the five-year outlook of America’s wind capacity additions has been significantly limited due to the Trump Administration’s energy policies, Wood Mackenzie said in a new report. The energy consultancy slashed its five-year forecast of new capacity installations …

Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libya is offering a total of 22 blocks for exploration and development, 11 offshore and 11 …

The trade war is prompting China’s LNG buyers to resell the cargoes they are buying from the U.S. as Chinese tariffs on American goods are raising the costs of U.S. LNG imports, analysts and traders have told Reuters. LNG import demand in China has been weaker this year amid comfortably …

Somewhere in the rural quiet of Fort Ransom, North Dakota, the Keystone pipeline made a bit of a splash this morning—literally. A mechanical bang startled an on-site worker enough to shut down the flow of oil within about two minutes. The pipeline remains shut. The crude spill, now confined to …

India’s largest power utility, NTPC, is looking to hire consultants for feasibility studies for small modular reactors that could potentially replace some of the utility’s old coal-fired power plants, Reuters reports, quoting a tender document. Small modular reactors (SMR) are believed to be simpler and cheaper to build and install. …