The global economy is forecast to grow by 4.4 per cent in 2021, a substantial shift from -4.1 per cent last year. “With the crude oil market currently switching into backwardation, we are hopeful that 2021 will be a good year for overall demand,” Barkindo said.

U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.

France's Engie is one of five European energy companies that have lent financial support to Nord Stream 2, which remains incomplete with some 150 km left to lay in Danish and German waters.

In recognition of their shared objectives to increase the uptake of renewable energy, the International Renewable Energy Agency (IRENA) and the International Hydropower Association (IHA) have signed a formal partnership agreement.

Rosneft Oil Company and bp have signed a Strategic Collaboration Agreement focused on supporting carbon management and sustainability activities of both companies.

Income attributable to Royal Dutch Shell plc shareholders amounted to a loss of $4.0 billion for the fourth quarter 2020,

Brent were up 48 cents, or 0.8%, to $57.94 a barrel. WTI were up 48 cents, or 0.8%, to $57.94 a barrel.

The Dow Jones Industrial Average rose 1.57% on Tuesday, the S&P 500 gained 1.39%, and the Nasdaq Composite added 1.56%.

Developing the potential LNG projects will allow Russia to almost triple LNG production by 2035 and produce additional 2.5 trillion cbm of gas by 2040.

Abu Dhabi, which has the majority of oil and gas reserves in the UAE, a seven-member federation, is pressing ahead with these efforts even as the coronavirus pandemic devastates energy consumption,

Nuclear power will be essential if Japan is to reach its goal of net-zero carbon emissions by 2050,

The hydrocarbon beast doesn’t need to be starved, but a diet might be a good idea.

Wind-powered electricity has increased in the United States as more wind turbines have been installed in recent years.

Northern Indiana Public Service Co LLC (NIPSCO), a subsidiary of NiSource Inc (NYSE:NI), on Monday announced the completion of two wind parks in Indiana with a combined capacity of 502 MW.

The main priority for the government is the construction of medium-sized and large hydropower plants because they will provide sustainable energy during the energy transition period, she noted.