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The return of Luiz Inacio Lula da Silva as Brazil’s president will likely usher in greater government involvement in development of the country’s oil and natural gas resources and a [...]

With the global economy in crisis, more oil and gas production is needed, a top US envoy said Oct. 31, sharing a stage with Saudi and UAE energy ministers, who defended the recent decision by [...]

Crude palm futures in Malaysia rose almost 5% and CBOT soybean oil futures spiked in early Asian trade Oct 31 after Russia announced it will no longer be part of the UN-brokered grain corridor [...]

China’s top refiner Sinopec’s twin strategy for the fourth quarter of 2022 and next year would involve optimizing crude procurement costs by carefully picking grades, as well as [...]

Uncertainty surrounding the impact of the western ban and implementation of a price cap on Russian oil from Dec. 5 are giving pause to China and India’s appetite for Russian crude oil, [...]

Malaysia’s PRefChem has shut its polymer lines at the Pengerang Integrated Complex following an explosion and fire Oct. 27 at a pipeline at the Petronas oil refinery in Johor, a company [...]

US land driller Patterson-UTI believes E&P operators could add at least 40 rigs to the active domestic drilling fleet in the fourth quarter and potentially 50-plus rigs in 2023, based on a [...]

China’s state-run CNOOC is open to discussions with potential buyers interested in taking over its oilfields in the UK’s North Sea, but the offshore giant is not in a rush to exit the [...]

Gas prices will likely stay elevated over the next two to three years as demand outpaces supply, while renewables are set to receive a key impetus globally, particularly against the backdrop of [...]

The world needs near-term alternatives to an impending fall in Russian oil exports, but this does not justify diluting net-zero commitments and requires an extra effort to curb emissions, the [...]