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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
27-09-2022

Sweden Issues Warning of Two Gas Leaks on Nord Stream 1 Pipeline
Sweden's Maritime Authority said on Tuesday it had issued a warning of two leaks on the Russian-owned Nord Stream 1 pipeline in Swedish and Danish waters, shortly after a leak on the nearby Nord Stream 2 project was discovered.
Oil Price
27-09-2022

Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier selloff.
Natural Gas
27-09-2022

Group of Countries to Push EU for Gas Price Cap
A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen by Reuters.
Oil Price
27-09-2022

BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian
BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on the top U.S. offshore production region.
Natural Gas
27-09-2022

Egypt’s Natural Gas Exports Value Increases 13-Fold in Eight Years
Country exported $8bn worth of natural and liquefied gas in the 2021-2022 fiscal year, compared with $600m in 2013-2014
Oil Price
27-09-2022

Oil Prices Fall on Fuel Demand Fears Sparked by Recession Concerns
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession.
Natural Gas
27-09-2022

Gazprom Says It Sees Gas Shipments to Europe via Ukraine Stable on Monday
Russia's Gazprom said on Monday that it will ship 42.4 million cubic metres of gas to Europe via Ukraine toda.
Crude Oil
27-09-2022

APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil
Crude Oil
26-09-2022

Brent Crude Slides Below $85 a Barrel as Dollar Surges
Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.
Oil Price
26-09-2022

Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol
The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures submitted to the government by state oil company NNPC.
LNG
26-09-2022

UAE Signs Energy Agreement With Germany’s Scholz
The president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan, has signed an agreement with German Chancellor Olaf Scholz that covers accelerating energy security and industrial growth.
Switzerland
26-09-2022

Switzerland on Course for Mild Start to Winter, Easing Energy Supply Fears
Switzerland is on track for a mild start to the winter and above average temperatures could even stretch into February.
LNG
26-09-2022

Adnoc Signs Agreements to Supply LNG and Diesel to Germany
State oil company will deliver the first LNG shipment in late 2022 to a floating import terminal near Hamburg
Natural Gas
26-09-2022

Spain-France Natural Gas Pipeline Boosts Capacity by 18%
An existing natural gas pipeline from Spain to France via the Pyrenees has boosted its capacity by 18% and could be used immediately if France requests it.
Oil Price
26-09-2022

Volkswagen Warns: High Gas Prices Could Impact Car Production
Germany's Volkswagen AG warned on Thursday that global auto production will be at risk in 2023 if Russia fails to resume deliveries of natural gas through Nord Stream 1.
Natural Gas
23-09-2022

German Jan-July Gas Import Costs Surge 164% As Imports Drop 25.5%
The July statistics from Germany's foreign trade office BAFA are the fifth to reflect the impact of the war in Ukraine, which began on Feb. 24, and Western sanctions against what the Kremlin calls a "special military operation."
Natural Gas
23-09-2022

California Relied Heavily on Natural Gas During Sept Heat Wave -EIA
During an extreme heat wave in early September, the California power grid relied on natural gas for almost half of its electricity generation to meet peak demand.
Oil Refinery
23-09-2022

Strike Action Hits Exxon Mobil’s Oil and Petrochemical Plants in France
Strike action has reduced output at Exxon Mobil's 240,000 barrel per day (bpd) Port Jerome-Gravenchon oil refinery and Notre Dame de Gravenchon (NDG) petrochemical site in France, the company said on Wednesday.
Natural Gas
22-09-2022

Australia Court Scraps Drilling Permit for Santos’ $3.6 Bln Barossa Gas Project
Australia's Federal Court on Wednesday ruled in favour of an indigenous group's challenge against a drilling permit for Santos Ltd's Barossa gas development, in what Santos called a "disappointing" setback for the $3.6 billion project.
Natural Gas
22-09-2022

Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter
From cutting down on showering time to 5 minutes, fining shopkeepers for not closing their doors and driving slower, Europe is embarking on a goal to reduce gas use in time for winter.
Natural Gas
22-09-2022

Hungary Warns Against Further EU Sanctions on Russia
Hungary’s Foreign Minister Peter Szijjarto is warning that further EU sanctions on Russia would only hurt the bloc’s members.
Crude Oil
22-09-2022

U.S. Refiners May Soon Purchase More Canadian Crude
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive releases from the SPR by the Biden Administration end in October.
LNG
21-09-2022

German Utilities Close to Long-Term LNG Deals With Qatar, Sources Say
German utilities RWE and Uniper are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar's North Field Expansion project to help replace Russian gas.
Natural Gas
21-09-2022

Germany’s Natural Gas Storage Will Last for Two and a Half Months
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday.
Natural Gas
21-09-2022

A Natural Gas Shortage Is Looming for the U.S.
While natural gas prices in the United States fell after a railway strike was averted last week, it looks likely that prices both at home and abroad will spike this winter.

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