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BP plunged to a $5.7 billion annual loss in 2020, its first in a decade, as the pandemic took a heavy toll on oil demand, with fuel consumption continuing to slide so far this year amid global travel restrictions. For the final quarter of 2020, BP reported a profit of …

In a reckless move characteristic of his leadership, Saudi Crown Prince Mohammad Bin Salman, known as MBS, spurred an oil crisis this week that cratered financial markets and could devastate American oil producers. After Saudi Arabia indicated it will massively ramp up oil production, oil prices experienced their biggest one …

Gas has been one of the headwinds impacting earnings for the majors.

OPEC and its partners launched a new round of output cuts at the beginning of the year.

Manchin. who was briefly considered for Secretary of Energy. is up for reelection in 2018 in a state that had voted for Trump in the 2016 US presidential election by a wide margin.

A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.

The former ExxonMobil chief expressed his gratitude and said he misses the oil industry.

TANAP is scheduled to begin carrying 16 billion cubic meters (bcm) of gas annually in 2018 or 2019 from Azerbaijan.

In the 2016-2017 Iranian year that ended in March. Iran shipped 780 million barrels of crude oil from the Kharg terminal.