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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Natural Gas
26-10-2022
EU Edges Towards Gas Price Cap With More Emergency Talks
European Union energy ministers will hold another emergency meeting in November to try to make progress on a bloc-wide gas price cap, after talks on Tuesday left it unclear when Brussels would make a firm proposal on the measure.
Natural Gas
25-10-2022
EU Countries Look to Map Out Path to Gas Price Cap
European Union energy ministers will discuss a bloc-wide gas price cap on Tuesday, attempting to navigate their next steps although it is likely to be weeks before any final decisions.
Natural Gas
25-10-2022
Factbox: How Is Germany Replacing Russian Gas?
Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia.
Natural Gas
25-10-2022
Wave of LNG Tankers Is Overwhelming Europe in Energy Crisis and Hitting Natural Gas Prices
60 liquified natural gas vessels are slow sailing or anchored around Northwest Europe, the Mediterranean, and the Iberian Peninsula, according to MarineTraffic.
Oil Refinery
24-10-2022
French Government: On Right Track Over Further Easing Petrol Supply Problems
The French government said on Sunday that France was on the right track over further easing the problem of petrol service stations not having enough petrol due to strikes at oil refineries.
Oil Price
24-10-2022
Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin.
Oil Field
24-10-2022
Oil Giant Schlumberger Rebrands Itself as SLB for Low-Carbon Future
Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a lower-carbon future.
Natural Gas
24-10-2022
Floene – Largest Gas Distribution Operator in Portugal
Portugal’s largest gas distribution network Galp Gás Natural Distribuição has been renamed Floene.
LNG
24-10-2022
CEZ Seeks Higher Capacity at Dutch LNG Terminal, Wants Damages From Gazprom
Czech power utility CEZ is in talks to raise the capacity it has booked at a new Dutch liquefied natural gas (LNG) terminal.
Natural Gas
24-10-2022
Uniper Shuts Down 50% Of Headquarters to Save Gas
German utility Uniper is shutting half the office space in its headquarters and lowering temperatures in areas remaining open to save gas.
LNG
24-10-2022
Philippines Sees Room for LNG Despite Renewables Push
The use of LNG imports for power generation in the Philippines next year should not be a disincentive for investors in renewables.
Oil Price
23-10-2022
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside from current crude price levels.
Oil Shale
23-10-2022
Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output
U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil reserve at prices around $72 a barrel, to give producers an incentive to drill more.
Oil Refinery
23-10-2022
Exxon Shares Surge to Record High on Strong Earnings Outlook
Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil producer's cash flow and earnings outlook.
Natural Gas
21-10-2022
Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil.
Natural Gas
21-10-2022
EU Leaders to Keep Studying Gas Price Caps
European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs.
Natural Gas
21-10-2022
Energy Crisis Poses Existential Threat to Europe’s Industry
European industries are struggling to stay competitive amid soaring energy costs.
Oil Price
20-10-2022
US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices
US officials have hinted at more releases if prices continue to surge.
Oil Refinery
20-10-2022
Workers Continue Strikes at TotalEnergies Normandy and Fezyin Refineries - Union
Workers at TotalEnergies Normandy and Feyzin refineries decided to continue a strike which has dragged on for almost four weeks on Thursday.
Oil Field
20-10-2022
Baker Hughes Sees Bright 2023 for U.S. Oil
Baker Hughes Co. reported third-quarter results and posted a loss, compared with a profit last year.
OPEC
19-10-2022
Malaysia Says OPEC+ Decision to Cut Output Made to Address Market Uncertainties
Malaysia has said a decision by OPEC+ member states to cut oil production was unanimous, and made after taking into account the need to address market uncertainties.
Natural Gas
19-10-2022
Global Natural Gas Crisis Dampens Momentum for ‘Cleaner’ LNG
Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritize securing shipments of any kind over burnishing their green credentials.
Natural Gas
19-10-2022
EU Far From Finding Solutions to Energy Crisis, Spanish Minister Says
European Union members have not yet identified common solutions to the energy crisis, Spain's Energy Minister Teresa Ribera said on Tuesday.
OPEC
19-10-2022
Iraq Reiterates Support for OPEC+, Saudi Arabia
Iraq's foreign ministry said late on Tuesday that it refuses any threatening or pressuring policy.
Oil Price
19-10-2022
Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production
U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, and detail a strategy to refill the stockpile when prices drop.
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