Oil

Last week, Shell faced an oil spill near Bukom, Singapore, due to a leak in a land pipeline, which released 30 to 40 tonnes of oil. The swift containment efforts by Shell and the Maritime and Port Authority (MPA) successfully minimized environmental damage and ensured maritime navigation safety.

The International Energy Agency (IEA) has released its latest World Energy Outlook report, prompting fierce criticism of New Zealand’s current energy policies. According to the IEA report, the global demand for oil, gas, and coal will peak by the end of this decade. It also notes that a failure to e

Recent geopolitical tensions between Israel and Iran have had a substantial impact on global energy markets, igniting fears of significant disruptions in crude oil supplies from a region critical to maintaining the global energy balance. The potential for escalated conflict has driven oil prices

A recent report by Rystad Energy illuminates the tremendous potential of electrifying oil and gas facilities to slash global emissions. The study takes a hard look at the transition from traditional diesel-powered equipment to more sustainable, lower-carbon power sources within the oil and gas

BP's recent decision to offload its onshore wind energy business in the USA marks a significant shift in its strategic focus. Under the leadership of new CEO Murray Auchincloss, BP is pivoting back to oil and gas, revealing broader challenges and trends within the renewable energy sector.

Recent movements in global oil prices suggest a potential upswing, driven by significant events and strategic responses from key market players. This article delves into the factors influencing oil prices, focusing on Hurricane Francine's disruption of Gulf Coast production and policy shifts