Talk of $100 oil returned to the market this week following the Iranian attack against Israel that sparked fears of a widening conflict in the Middle East. Analysts are not ruling out $100 oil in case of further escalation and even $130 oil if a broader conflict disrupts oil flows …

The director of the FBI has warned that the Chinese state has its sights set on U.S. critical infrastructure to compromise U.S. economic and national security. Speaking at the Vanderbilt Summit on Modern Conflict and Emerging Threats, Christopher Wray said “The PRC [People’s Republic of China] has made it clear …

Geothermal energy is at the precipice of a major breakthrough in the United States. As technology rapidly advances, it’s seeming more possible than ever that the once niche energy production method could soon scale up for mass deployment in nearly any environment. Pilot projects are taking off across the country …

Russian oil refineries experienced decreased production, contributing to the country’s ongoing export decline in the first quarter of this year, Russia’s central bank said on Thursday. According to a report released by the bank, goods exports dwindled from $105.1 billion to $97.9 billion compared to the same period last year. …

Back in early 2018 when rumours were rife that then-U.S. President Donald Trump was going to unilaterally withdraw his country from the ‘nuclear deal’ with Iran, China moved to position itself to occupy the vacuum that would be left in Iran and Iraq, at the very heart of the Middle …

Kazakhstan, a non-OPEC oil producer part of the OPEC+ agreement, will consider building an oil pipeline in the Caspian Sea, Russian news agency Interfax reported on Thursday, quoting Kazakhstan’s Energy Ministry. The country is also considering the construction of another oil pipeline from Atyrau to Kuryk in the medium term, …

China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’s top crude oil importer took advantage of the price crash to gorge on cheap crude. Last year, China’s crude oil imports averaged 11.3 million barrels per …

U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April. The EPA’s neutral policy report has been released annually since its inception in 1993, in accordance …

Russia has brought back online some oil refining units in recent weeks, reducing the capacity taken offline by Ukrainian drone hits to around 10%, from 14% at the end of March, calculations by Reuters showed on Monday. The refining capacity in Russia that is currently offline due to drone attacks …

BP has cut over a tenth of its workforce in its EV charging business, BP Pulse, as the supermajor is downsizing the division and retreating from several countries to focus on just four key markets, Reuters reported on Monday, quoting sources at the company. BP has cut more than 100 …