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Maduro Orders Resource Exploitation in Essequibo

Venezuelan President Nicolás Maduro has directed state-owned enterprises to begin immediate exploration and exploitation of oil, gas, and minerals in Guyana’s Essequibo...

Commercial ships came under attack Sunday by drones and missiles in the Red Sea and a U.S. warship there opened fire in self-defense.

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Ships face Houthi-claimed attack in Red Sea as officials say a US warship also fires in self-defense

DUBAI, United Arab Emirates (AP) — Commercial ships came under attack Sunday by drones and missiles in the Red Sea and a...

World oil demand continues to exceed expectations and this years surge will take the numbers higher to 102 million barrels per day.

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World Oil Demand Continues to Exceed Expectations

Story by Andreas Exarheas|Rigzone Staff| World oil demand continues to exceed expectations, the International Energy Agency (IEA) stated in its latest oil...

Yemen's Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route on Sunday taking 25 crew members hostage.

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Yemen’s Houthi rebels hijack an Israeli-linked ship in the Red Sea and take 25 crew members hostage

JERUSALEM (AP) — Yemen’s Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route on Sunday, officials said, taking over...

Analysts at Standard Chartered said they think their 2024 $98 per barrel Brent forecast is supported by supply and demand fundamentals.

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Analysts Say $98 2024 Brent Forecast is Supported by Fundamentals

Story By Andreas Exarheas |RigZone.com| In a new report sent to Rigzone this week, analysts at Standard Chartered said they think their...

Oil trader Pierre Andurand said he expects Saudi Arabia to keep its current supply curbs in place until prices reach at least $110 a barrel.

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Andurand Says Oil Must Hit $110 Before Saudi Arabia Eases Supply Curbs

Bloomberg, via RigZone.com |By Christine Burke| Oil trader Pierre Andurand said he expects Saudi Arabia to keep its current supply curbs in...

A price cap on Russian oil was intended to starve Putin of cash, but until now, it's largely been untested.

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A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

FRANKFURT, Germany (AP) — For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still...

Moldova has not used Russian gas since late last year, but it is keeping open the option of buying supply from Gazprom if conditions are right

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Moldova could buy Russian gas if conditions are right

By Alexander Tanas – CHISINAU (Reuters) – Moldova has not used Russian gas since late last year, but it is keeping open...

Head of OPEC warns of a ‘dangerous’ lack of investment in oil posed a danger to global energy security and prices could reach $100 a barrel.

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Head of OPEC warns of a ‘dangerous’ lack of investment in oil

The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN...

While there’s been a lot of angst over the shrinking US inventories, there are yet to be any concrete signs of a slowdown in American exports.

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Plunging US Oil Supply Is Driving Up Prices Around the World

While there’s been a lot of angst over the shrinking US inventories, there are yet to be any concrete signs of a...

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