Refining margins in the United States hit $42.41 per barrel on Tuesday, more than double the five-year average for this time of the year, as refinery maintenance and unplanned outages reduce capacity while the global fuel market is tightening with the Chinese reopening and the looming EU ban of Russian fuel imports by sea.
Crude oil prices saw a minor increase today when the U.S. Energy Information Administration reported an oil inventory build of 500,000 barrels for the week to January 20
The 92km Hoima-Kaiso-Tonya road straightens, then snakes around the escarpments of the great Albertine rift valley before halting at the onshore Kingfisher oil field at the parallels of Lake Albert in mid-western Uganda.
The domestic oil and gas industry is looking at Budget 2023 for some relief as the upheaval in the global crude prices due to the Russia-Ukraine war led to huge losses.
Texas Independent Producers and Royalty Owners Association (TIPRO) has noted that oil and gas jobs in Texas continued growth in December to close out 2022
Wrapped into the drama of electing a new Speaker of the House, Republicans agreed to a rule requiring hearing and votes on several pro-fossil fuel bills that seek to address non-existent problems while creating the risk of locking in—literally—another century of oil and gas drilling on federal public lands and offshore areas.
ExxonMobil made its first world-class oil discovery in Guyana’s territorial waters in 2015
A wave of freezing weather is sweeping across Asia and will likely boost energy demand on the continent as the thermometer plunges deep below zero
Russia’s oil production and exports have shown remarkable resilience in 2022, but 2023 may be a different story, according to Antoine Halff, the co-founder and chief analyst at Kayrros.
The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak