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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Crude Oil
12-10-2022
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the nation’s Strategic Petroleum Reserves.
Oil Refinery
12-10-2022
French Refinery Strikes Worsen as France Moves to Call Back Essential Workers
France said on Tuesday that it would requisition essential workers to staff Exxon’s French oil depot, and threatened to do the same for Total’s French refineries if talks failed to progress.
Israel
12-10-2022
Israel and Lebanon Reach Historic Agreement That Unlocks Oil and Gas Reserves
Israel and Lebanon have reached a “historic” agreement to settle their long-running dispute over their maritime border.
Natural Gas
11-10-2022
Natural Gas Prices in Europe Fall to a Three-Month Low
On Monday, Europe’s natural gas prices fell to the lowest level in three months thanks to mild weather and a high level of LNG imports.
OPEC
11-10-2022
Prices at the Pump Are Ticking Higher After OPEC Decision
Gasoline prices in the United States have jumped over 3% since OPEC’s decision last week to cut output by 2 million barrels per day in November, reversing the trend that had seen prices lower at the pump for weeks.
Natural Gas
11-10-2022
The World’s Longest Offshore Gas Pipeline Could Get the Green Light Next Year
Nigeria, Morocco, and their partners expect to make a final investment decision next year on what would be the world’s longest offshore gas pipeline from Nigeria to Morocco and onto southern Europe.
Oil Refinery
11-10-2022
France’s Fuel Supply Problems Worsen as Refinery Strikes Continue
France’s fuel distribution continues to be disrupted by the ongoing strikes at refineries with no end in sight to the industrial action that has left more than 60% of French refining capacity offline.
United Kingdom
11-10-2022
UK Energy Industry Body Upset Over Fracking’s Net-Zero Snub
UK energy body UKOOG criticized Tory MP Chris Skidmore for not including fracking in a net-zero review.
OPEC
11-10-2022
Saudi Aramco to Maintain Full Oil Supplies to Asia in Nov Despite OPEC+ Cuts
Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season.
LNG
11-10-2022
Experts: U.S. LNG Growth Could Slow Next Year
While American LNG is poised for long-term growth, next year could see a slowing of domestic natural gas demand due as infrastructure and expansion plans experience limitations, Natural Gas Intelligence reports.
Philippines
10-10-2022
Philippine President Encouraging Most Competitive Energy Sources Including Russian Fuel
Philippine President Ferdinand Marcos Jr is encouraging local energy firms to tap fuel supplies from "the most competitive sources", including Russia, to mitigate the impact of high prices on consumers, Energy Secretary Raphael Lotilla said.
Oil Price
10-10-2022
Oil Takes a Breather, Eases off 5-Week Highs
Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following OPEC+ cuts and ahead of the European Union embargo on Russian oil.
OPEC
10-10-2022
Saudi Aramco to Keep Full Oil Supplies to N. Asia in Nov Despite OPEC+ Cuts
Saudi Aramco has told at least five customers in North Asia they will receive full contract volumes of crude oil in November
Natural Gas
10-10-2022
Energean Begins Tests at Disputed Israel-Lebanon Border Gasfield
Lebanon and Israel have engaged in on-off indirect talks since 2020 to delineate their Mediterranean border
Natural Gas
10-10-2022
German Gas Commission Wants One-off Payment Now, Price Break Next Year
Germany's expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price break from next March or April
France
10-10-2022
TotalEnergies Accelerates Refinery Wage Talks as Fuel Supply Shrinks
Wage talks had been scheduled for mid-November
France
10-10-2022
TotalEnergies Says It Is Ready to Hold Wage Talks in October
French energy group TotalEnergies on Sunday proposed annual wage negotiations to start this month, subject to the end of industrial action that continues to restrict output at some of its sites.
OPEC
10-10-2022
OPEC Oil Cuts Bad for Global Economy, Treasury Secretary Janet Yellen Tells Financial Times
U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially emerging markets
OPEC
10-10-2022
Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'
The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in global energy markets.
LNG
10-10-2022
Petronas Pipeline Leak Hit Part of Malaysia's LNG Exports
Contracts to export Malaysian liquefied natural gas (LNG) that sources gas from the northern Borneo state of Sabah are under force majeure following a pipeline leak
Crude Oil
10-10-2022
The UAE Isn’t Ditching Oil for Renewables Just Yet
The UAE isn’t likely to curb its oil production in favor of renewables any time soon.
OPEC
09-10-2022
Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern about a possible recession and rising interest rates.
Crude Oil
09-10-2022
Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project
Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.
Crude Oil
09-10-2022
China Releases First Batch of 2023 Crude Oil Import Quotas
China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday.
Oil Refinery
09-10-2022
France Struggles with Refinery Strikes, but Not Planning Petrol Rationing
More than a fifth of France's service stations were grappling with supply problems on Saturday as strikes at refineries run by oil majors TotalEnergies and ExxonMobil continued to strain drivers' nerves.
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Algeria and Spain in talks to increase gas supply
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Petron secures 2.5M barrels of Russian crude oil
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PH, China reopen oil exploration talks
